Page 10 - Unctad News Today : Breaking News, Live Updates & Top Stories | Vimarsana

The UN Conference on Trade and Development (UNCTAD) has raised its economic growth forecast for India in 2023 to 6.6%, up from the previous prediction of 6%. However, it expects growth to slow to 6.2% in 2024. The UNCTAD also predicts global economic output growth to decelerate to 2.4% in 2023 before a small uptick to 2.5% in 2024. The report highlights the need for policy changes and institutional reforms to prevent a lost decade, and mentions that some economies, including India, have shown resilience while others face challenges.

Kenya enacted the Energy Regulations 2014 to promote domestic solar photovoltaic manufacturing.

More than 80% of the world's trade is done via shipping which contributes for about 3% of global carbon dioxide emissions. The industry has faced calls from stakeholders including investors and environmentalists to take some concrete action.

The grain shipments traveled much longer distances this year compared to any other year and oil cargoes also traveled the furthest since at least 1999.

The UN called for rapid decarbonisation of the shipping industry on Wednesday, warning that the price tag could top $100 billion a year as the sector's emissions continue to swell.The agency is calling for a rapid shift towards cleaner fuels across a shipping industry, where nearly 99 percent of the global fleet remains reliant on conventional fuels.