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COP28: Environment Minister Bhupender Yadav termed the fund operationalization as a landmark decision that India strongly supports. Countries in the Global South incurred significant capital losses due to climate change which has intensified over the years
On the opening day of COP28, 196 parties adopted the decision to operationalise the Loss and Damage fund, approving the draft text adopted by the transitional committee in Abu Dhabi earlier this month — a move widely seen as a win for developing countries. | Latest News India
All negotiations—on emission reduction, energy transition and climate action—will eventually be tied to climate finance
India, already a signatory to the Montreal Protocol on reducing use of Hydro Fluoro Carbons (HFCs) and other coolants used in refrigeration and air conditioning, feels there is no requirement for yet another framework on the same. Similarly, the Coalition for High Ambition Multilevel Partnership (CHAMP) proposed for COP 28 has not enthused India much.
A Jamaican delegation is now in Dubai for critical talks as part of the grouping of small island developing states (SIDS) from the Pacific, Caribbean, Africa, Indian Ocean, and South China Seas, w...