Frequent weather shocks caused by climate change pose challenges for the monetary policy as well as downside risks to economic growth, a Reserve Bank report said. Global average temperatures are on a rise, with accompanying increase in extreme weather events (EWE), and the economic and social impact of global warming is becoming increasingly evident, said RBI's Monetary Policy Report - April 2024. The report said that climate change has increased the frequency and ferocity of weather shocks, posing challenges for monetary policy.
The overwhelming feeling at the end of COP 27 was that despite decades of meetings and landmark accords, like the Paris Agreement, the world was still not doing enough to slow the climate crisis, observes Ambassador T P Sreenivasan.
Necessary funds are proposed to be allocated for the eight national missions that are being launched following the National Action Plan on Climate Change (NAPCC) unveiled last year.
India lost around 38.5 thousand hectares of tropical forest in the last decade. Nearly 14 per cent of the country's tree cover! It is one thing for Modi to announce that India will reach a net-zero level of emissions in 2070. But if it is serious, it needs to start today, points out Ramesh Menon.
India will publish its revised Nationally Determined Contribution (NDC) for the 2035 period by December, Environment Minister Bhupender Yadav said on Monday, while urging developed nations to achieve net zero targets ahead of their current timelines.
India has expressed serious concerns about the West Asia crisis and its potential impact on energy supplies and maritime stability, urging BRICS nations to find practical solutions to geopolitical challenges and unilateral sanctions.
How the UN's flagship climate summit lost its direction and what's at stake.
What are the most worrisome aspects of climate change for India? Can they be solved?
The initial public offering (IPO) market in India last year was hot, with companies raising over $22 billion in 2025. But half of the 350-plus companies that listed on the stock exchange last year traded below their offer price, according to a new research report released by HSBC Global Investment Research - a sobering fact despite what otherwise looked like a rush of companies eager to list on the bourses.
Subject to finance & tech from rich countries through an ambitious, fair Paris deal
India and Africa on Wednesday asked the developed counties to take "ambitious actions" to reduce their greenhouse gas emissions and also provide finance and technology to the developing counties so that they could effectively address the impact of climate change.
India hopes to bridge gap with US to buffer against a Paris agreement that restricts country's developmental space.
Talks on global climate finance virtually ground to a halt last week at COP29, the annual United Nations (UN) Climate Change event in Baku, Azerbaijan, as the developed world, led by the European Union (EU), and developing countries including India, Brazil, South Africa, and a clutch of island nations and African countries faced a wide chasm between their expectations. This has raised doubts about whether an agreement can be reached this week or whether talks will spill over to COP30, to be held next year in Benem, Brazil.
Over the years, India-EU ties have grown, and covered trade, investment, climate change, science and technology, space, digital, mobility, and connectivity.
This was perhaps a missed opportunity for India to spotlight a core domestic challenge: The scale of workforce preparation required for a young, populous, rapidly growing country seeking to reach net zero, points out Radha Roy Biswas.
Environment Minister Prakash Javadekar said adaptation to the adverse effects of climate change is vital in order to respond to the impacts of climate change that are already happening, while at the same time preparing for the future.
Prime Minister Narendra Modi is expected to pitch for a united global approach in dealing with the situation in Afghanistan and combating challenges of climate change and the coronavirus pandemic at the two-day G-20 Summit in Italy beginning October 30, people familiar with the development said on Sunday.
United Nations Secretary General Ban Ki-moon has said that he "really wanted" Prime Minister Narendra Modi to participate in a crucial climate change summit in New York next week to mobilise political will for a universal and meaningful climate agreement.
'The Paris Conference is a decisive meeting on climate change.' 'Negotiating an agreement between 196 countries is indeed a challenge.' 'If we go beyond 2°C, the consequences will be extremely difficult to deal with.'The poor are the most vulnerable to the impact of climate change.'
World finance ministers will meet on Oct 7-8 in Lima, Peru, to try to agree on climate change framework.
India is likely to announce its targets for the Paris deal by September-end.
With the weaker-than-expected agreement at the recent Climate Change Conference at Lima, there is an urgent need to highlight endeavours in civil society and business for a sustainable global economy with grassroots empowerment, say Rajni Bakshi.
'At COP30, the emphasis will be on unlocking climate finance, reinforcing the principle of common but differentiated responsibilities, and building resilience through inclusive transitions and the mainstreaming of adaptation.'
The target is called Intended Nationally Determined Contributions.
Samrat Choudhary's appointment as Bihar's Chief Minister marks a significant milestone for the BJP, ushering in a new era of leadership in the state's political landscape.
Decisions at a G20 meet are not added to the UN climate negotiations.
Developed nations have refused financial support for climate change to India, China and Brazil.
'The link between global warming and weird, extreme weather events is being better understood every year.' 'India is particularly at risk from such events.' 'Indian communities and urban centres don't have the resilience needed to survive such disasters,' says Mihir S Sharma.
Billions of dollars pledged by developed nations in climate finance over the last decade remain unused.
Addressing the G20 side event on 'Safeguarding the Planet', Modi said India is not only meeting its Paris Agreement targets, but also exceeding them.
Environment Minister Prakash Javadekar will sign the agreement on behalf of India.
India has promised to reduce the emission intensity of its growth by 33-35 per cent from 2005 levels by 2030.
Environment Minister Prakash Javadekar will sign the agreement on behalf of India on April 22 at a high-level signature ceremony convened by the Secretary-General of the United Nations Ban Ki-moon.
India is spending over 2.6 per cent of it's GDP to deal with challenges of climate change and wants rich countries to honour their financial commitments to address green issues, according to a Finance Ministry paper.
'There are companies that are losing and there are companies that are rising.' 'And the companies that are losing are positioning it as an economic slowdown.'
Seeking to boost the strategic ties, India and the US finalised the text of the Logistics Exchange Memorandum of Agreement.
Prime Minister Narendra Modi on Saturday proposed a G20 initiative aimed at enhancing clean energy transitions by boosting recycling, easing supply chain pressures and advancing joint research on critical minerals, and suggested forging a partnership to make satellite data more accessible and interoperable.
The GST Council at its next meeting may consider a reduction in taxes on air and water purifiers as air quality across the country worsens and access to safe drinking water remains uneven.
India is on track to exceed the $4 trillion milestone in 2025-26 (FY26), surpassing the $3.9 trillion gross domestic product (GDP) mark recorded at the end of March 2025, Chief Economic Adviser (CEA) V Anantha Nageswaran said on Tuesday.
I am inclined to believe that the Venezuela adventure is not an indication of American strength, alas, but rather of American weakness, points out Rajeev Srinivasan.
© 2026 Rediff.com - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances