Azerbaijan Financial News

fossil fuel lobbyists with 1,773 registered participants are only outnumbered by delegations of three countries — host Azerbaijan (2,229), COP30 host Brazil (1,914), and Turkiye (1,862). The list of lobbyists include 24 from India as well. Among Indians, mostly (17) came as a delegation from the Federation of Indian Chambers of Commerce and Industry (FICCI), three from CII and remaining four representing different NGOs. The list of Indians also shows the name of a senior functionary, Pravin Dongre (executive director) from public sector oil company, Indian Oil Corporation. The list, accessed by TOI, mentioned him as nominated by an NGO, Griha Council, as its guest. Dongre told TOI that he is here to promote global biofuel alliance. He, however, didn't have a clear answer as to why he was in the list of NGO's guest.

Subscribe to enjoy similar stories. Intervening on behalf of like-minded developing countries (LMDCs), India said that developed countries need to commit to provide and mobilise at least $1.3 trillion every year in the New Collective Quantified Goal (NCQG) till 2030.

Subscribe to enjoy similar stories. Every Friday, Plain Facts publishes a compilation of data-based insights with easy-to-read charts to help you delve deeper into the stories reported by Mint in the week gone by. The 29th UN Climate Change Conference-COP29 began earlier this week in Azerbaijan, focusing on global warming and other critical environmental issues.

Subscribe to enjoy similar stories. Dear reader, Welcome to the first issue of Mint’s newsletter on the climate crisis: Climate Change And You. I am Bibek Bhattacharya, and I will be taking turns in writing this newsletter, every two weeks, alongside my colleague Sayantan Bera.

Subscribe to enjoy similar stories. Has there ever been a grimmer backdrop to the world’s most concerted attempt to avert global warming? CoP-29, the annual conference for the United Nations Framework Convention on Climate Change, is happening in Baku, Azerbaijan, one of the birthplaces of the modern oil industry and (according to civil liberties group Freedom House) among the most oppressive societies on the planet. Leaders from China and the US, which account for about 45% of the world’s carbon footprint, aren’t attending—and US President Joe Biden is a ‘lame duck’ after the Republican Party’s electoral sweep.

Republican presidential nominee Donald Trump took to the X social media platform to make the announcement, in which he gave very few concrete details about how the platform would work.

The UK will adopt a target to reduce its greenhouse gas emissions by 81% against 1990 levels by 2035, Keir Starmer said today (12 November) on the sidelines of the summit in Azerbaijan. As had been widely expected, Starmer confirmed the new target would form the basis for the UK's updated national climate plan, known as the Nationally Determined Contribution (NDC) in UN jargon, which the government is required to submit in support of the Paris Agreement. The government described the new NDC goal as «ambitious and pragmatic», adding that it would help to strengthen the UK's position as...

The previous government in London committed in 2021 to curb such emissions by 78 percent over the same period compared to 1990. Starmer unveiled the new target as he attended the beginning of the COP29 climate conference in Baku, Azerbaijan, where he is one of the only G20 leaders to show up.

A Dutch appeals court has overturned a landmark ruling that ordered energy company Shell to cut its carbon emissions by net 45% by 2030 compared to 2019 levels

After nearly a decade of negotiations, leaders during the United Nations climate conference’s first day decided on some of the finer points of much-debated sticking point aimed at cutting planet-warming emissions from coal, oil and gas

Oil and natural gas companies for the first time will have to pay a federal fee if they emit dangerous methane above certain levels under a rule being made final by the Biden administration

Subscribe to enjoy similar stories. The 29th annual United Nations climate summit, COP29, started in Azerbaijan this week. Key on the agenda is devising a new roadmap to finance developing countries’ needs in their fight against climate damage.

At the U.N. climate talks, U.S. Climate Adviser John Podesta said that Trump will likely pull America out of the landmark Paris Agreement and try to roll back many of the Biden Administration’s signature climate moves, including the 2022 Inflation Redu...

global warming, saying Donald Trump can slow, not stop, the transition from fossil fuels when he returns to office in January. The annual U.N. climate summit began on Monday in Baku, Azerbaijan, with many country delegations concerned Trump's victory in U.S. presidential elections on Nov. 5 would hinder progress to limit planetary warming. Trump has promised to again remove the United States, the world's biggest historic greenhouse gas emitter, from international climate cooperation and maximise the country's already record-high fossil fuel production.

Subscribe to enjoy similar stories. With Donald Trump’s election victory, the U.S. is headed again for the exits of the Paris accord, the international climate agreement signed nearly a decade ago, and toward an energy policy inspired by Trump’s campaign mantra “drill, baby, drill." China, on the other hand, appears more committed to the agreement than ever.

Experts calculate that curbing and coping with global warming is going to cost trillions of dollars and poor nations just don’t have it

Subscribe to enjoy similar stories. Nations, businesses and civil society are set to discuss ways to tackle the climate crisis at yet another Conference of Parties to the UN Framework Convention on Climate Change, The 29th meet (COP29) is in Baku, Azerbaijan, on 11-14 November. Mint explains the agenda: The summit will discuss a climate finance deal for countries and communities to transition to clean energy and other low-carbon solutions.

International mega banks, funded by taxpayer dollars, are the biggest, fastest-growing source of climate finance for the developing world

Diplomats from across the world will descend on the Azerbaijani capital of Baku for the annual climate summit, known as COP29, to discuss how to avoid the increasing threats from climate change in a place that was one of the birthplaces of the oil indu...

Subscribe to enjoy similar stories. New Delhi: India plans to leverage its climate commitments to pitch for grants and concessional loans, instead of investments for the Global South, at the upcoming climate negotiations in Baku, two people aware of the matter said. This comes on the backdrop of the global loss and damage fund agreed upon at the Egypt accord and operationalised at COP28 failing to gain traction.

Narendra Modi is unlikely to attend the UN climate conference in Azerbaijan that Environment Minister Bhupender Yadav may also miss, official sources said on Thursday. Union Minister of State for Environment, Forest and Climate Change Kirti Vardhan Singh will lead the 19-member Indian delegation and deliver India's national statement at the high-level segment on November 18-19.