COP Financial News

London | Abu Dhabi| Sultan al-Jaber, president-designate of this year’s UN climate summit, said the oil and gas industry must prepare for an inevitable “phase down” of fossil fuels as he warned the sector should not be seen to work against decarbonisation efforts.

The world’s top bankers and investors mostly stayed away from last year’s United Nations climate conference in the Egyptian resort town of Sharm El-Sheikh. But holding December’s COP28 meeting in Dubai, one of the world’s major financial centers, pretty much guarantees they’ll make a much bigger showing.

(Exciting news! Mint is now on WhatsApp Channels :rocket: Subscribe today by clicking the link and stay updated with the latest financial insights! Click here!) BloombergNEF estimates that banks need to channel four times as much capital into renewable energy as they do into fossil fuels by the end of the decade for the world to have a chance of achieving net-zero emissions by midcentury. The last time big bank CEOs came out in force to a COP was in 2021 when the unveiling of the Glasgow Financial Alliance for Net Zero, a collection of many of the world’s biggest lenders and asset managers committed to achieving net zero financed emissions by 2050, was one of the headline achievements.

More bad news for Regal Partners’ listed VGI Partners Global Investments vehicle.

Delhi Police also raided the homes of several of NewsClick journalists, in what critics are describing as an attack on one of India's few remaining independent news outlets. NewsClick was founded in 2009. The portal has gained the reputation as a rare Indian news outlets that is willing to criticize Prime Minister Narendra Modi and his brand of politics.

Indian Express. According to the report, the incident took place in Khakhrali village where four men, including a Dalit, were allegedly forced to dig a well. After the labourers expressed their unwillingness to do so, they were allegedly held captive, and chained to a motorbike at night, so that they can't escape.

COP28 climate talks told an Abu Dhabi oil conference on Monday that the fossil fuel industry would play an essential role in addressing the climate crisis. «For too long, this industry has been viewed as part of the problem, that it's not doing enough and in some cases even blocking progress,» said Sultan Al Jaber, the president-designate of the COP28 talks, who is also the head of UAE state-owned oil firm ADNOC. «This is your opportunity to show the world that, in fact, you are central to the solution,» he told the ADIPEC conference of global industry figures and government officials. «This industry can change the global debate… It is time to silence the sceptics by applying scale, capital and technology to deliver outcomes.» Jaber urged industry leaders to curb emissions associated with energy production and expand use of renewable energy sources. He also encouraged them to embrace «low carbon solutions» like carbon capture and storage, tools that climate experts say distract from the urgent goal of slashing fossil fuel pollution. Climate activists have criticised the appointment of Jaber to lead the COP28 talks which kick off next month in Dubai.

Shahnawaz and has been arrested by Delhi Police’s Special Cell, just days after NIA announced a reward of ₹3 lakh on him. After a massive search operation, the cops arrested three suspected Islamic State (IS) terrorists who were wanted by the NIA. Last month, the NIA released pictures of four terror suspects, including that of Shahnawaz, wanted in the Pune ISIS (Islamic State of Iraq and Syria) module case and declared a reward money of ₹3 lakh each for credible information on them leading to their arrest.

₹3 lakhs on his head, was sought after in relation to the Pune ISIS case. Currently, he is being interrogated by the cops. Further investigations will also conducted to gather additional information regarding Shahnawaz's involvement in the terrorist activities.

Ujjain teen rape case as the cops suspected that he could be the accused, according to NDTV reports. Now, the cops said that Malviya should have taken the girl to hospital and reported the matter immediately. “She (victim) wanted to go home.

The Emirati president-designate for the upcoming United Nations COP28 climate conference has offered a full-throated defense of his nation hosting the talks

Jamaal Bowman triggered a fire alarm during a crucial budget vote on Saturday, raising suspicions of an intentional act to disrupt proceedings.

Pakistan: Second suicide bombing reported from Khyber Pakhtunkhwa, death toll surges to 57 There was no immediate information on the assailants. Kurdish and far-left militant groups as well as the Islamic State group have carried out deadly attacks throughout the country in the past. (Exciting news! Mint is now on WhatsApp Channel. Subscribe today by clicking the link and stay updated with the latest financial insights! Click here!) Erdogan was set to speak during the opening of this parliamentary session, which must validate Sweden's entry into the NATO alliance.

Madhya Pradesh Police has informed that to arrest the accused in the sexual violation of a minor in Ujjain, had gone through a total of seven hundred CCTV footages and talked to over dozens of people in order to zero in on the prime accused-Bharat Soni, an auto-rickshaw driver. Meanwhile, the Special Court in Madhya Pradesh's Ujjain has sent the prime accused in the minor rape case, Bharat Soni, to a seven-day judicial remand, on Saturday. The prime accused was presented before the Special Court under the Protection of Children from Sexual Offenses Act (POCSO) in Madhya Pradesh's Ujjain.

Delhi Police has cracked a high-profile jewellery shop theft case in which jewellery worth Rs 25 crore was said to have been stolen, making it one of the biggest robberies reported in the national capital recently. The Times of India has detailed the investigation leading up to the arrest of the criminals. As per the report, cops scanned about 5,000 active mobile phone numbers that were active around the site when the theft occurred.

India Today, Raju Soni, the father of the accused said, “We are not able to come out of shame. I can't understand anything. What should I do in this situation? If I were in my son's place, I would have admitted the crime and accepted the punishment." Raju Soni demanded the capital punishment for his son, Bharat Soni, who was arrested in the Ujjain rape case on Thursday.

₹30 with three men escalated in Uttar Pradesh, the cops said, adding that the incident took place at around 9 pm on Friday in the Baraut Police Station area. Police informed that the class 11 student, identified as Hrithik, was a student of KHR Inter College in the village.

Ujjain, spotted the girl on Monday morning. In an interview with NDTV, the priest said, “I was leaving the ashram for some work on Monday at around 9.30 am when I saw the girl. She was half-naked, and bleeding near the gates.

Manipur's ongoing ethnic conflict as "communal violence", ET has learnt. Although the Centre had underlined in its statements that this is an 'ethnic' conflict and not a 'communal' one, procedural requirements have made it necessary to categorise it so, as this is the only nomenclature that could be found applicable. Around 64 next of kin in the state have been given compensation by the Centre as victims of 'communal violence', as per governmental data. «We do not see the Manipur violence as religion-specific in nature.

hero cop" delivering quick justice without bothering about the due process of law, as shown in blockbuster films like "Singham", sends out a very harmful message, Justice Gautam Patel of the Bombay High Court said on Friday. Speaking at a function organised by the Indian Police Foundation to mark its annual day and Police Reforms Day, he also questioned people's «impatience» with the process of law. Talking about police reforms, the judge said that the Supreme Court's judgement in the Prakash Singh case was an «opportunity missed», and also noted that the law enforcement machinery can not be reformed unless we reform ourselves. The image of police as «bullies, corrupt and unaccountable» is a populist one and the same can be said about anyone in the public life including judges, politicians and journalists, he said. When the public thinks that the courts are not doing their job, it celebrates when the police step in, the judge said. «This is why when a rape accused is killed in an encounter while allegedly trying to flee, people think it is not just alright but it is celebrated. Justice has been served, they feel, but has it?» he said. This view is deeply pervasive and reflected strongly in our popular culture, especially in Indian cinema, Justice Patel noted. «In movies, police rail against judges who are shown as docile, timid, thickly-spectacled and often very badly dressed.

NEW DELHI : India is optimistic that the UN conference on climate change slated to be held in Dubai later this year will bring greater clarity on the “financial pathways" needed in the fight against climate change, according to environment, forest and climate change secretary Leena Nandan. In doing so, it is likely to build upon the declaration adopted at the recent G20 leaders’ summit in New Delhi, she said in an interview ahead of the 28th Conference of the Parties (COP) of the UN Climate Change Conference, to be held from 30 November-12 December. Edited excerpts: What are the key takeaways of your ministry from G20? The environment and climate sustainability working group has taken on very topical issues which are extremely relevant to the interconnected theme of climate and environment.