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India's environment minister, Bhupender Yadav, emphasized that India will continue to use coal until its development needs are met. | Latest News India

(Bloomberg) -- Emerging-market bonds and currencies have powered ahead this month on optimism over the Federal Reserve’s pivot to interest-rate cuts. Falling oil prices are set to deliver a further boost.Most Read from BloombergNetanyahu, Under Pressure Over Hostage Deaths, Vows to Press On‘Underwater’ Car Loans Signal US Consumers Slammed by High RatesUS Navy Shoots Down 14-Drone Wave as Shippers Avoid Red SeaMike Johnson May Be the Next House Speaker to Lose His JobWall Street’s China Stock Bu

An "explosion" of multibillion-dollar claims by fossil fuel and extractive firms through shadowy investment tribunals is blocking action on climate and nature, the UN Special Rapporteur for Human Rights and Environment has warned, with developing nations increasingly targeted."The explosion of ISDS claims in recent years, and the threat of such claims, is led by fossil fuel, mining and other extractive industry corporations," Boyd said in his report.

"The NPF is also going beyond our immediate environment by lighting up Communities with Solar Power to reduce security vulnerability and herder-farmer crisis, conducting outreach programs to educate citizens on the importance of preserving natural resources, reducing pollution, and engaging in sustainable practices, thereby effectively managing scarce natural resource-induced conflicts such as the herder-farmer conflicts."

Economists urged developing nations to borrow in their own currencies to erase the “original sin” of dollar debt. Now the blowback is beginning to mount.