At COP30 Leaders’ Summit, leaders rally behind ambitious targets from raising funds for forests to calls for fossil fuel phase-out  Brazilian President Luiz Inácio Lula da Silva called on world leaders to establish a global roadmap to end fossil fuel dependence and honour international commitments to triple renewable energy capacity and double energy efficiency by 2030. He said that it is essential for countries to leave Belém with NDCs aligned with the 1.5°C mission committe

India has entered the global carbon trading arena, recently signing a Memorandum of Cooperation with Japan on the Joint Crediting Mechanism (JCM). The mechanism allows Japan to invest in greenhouse gas-reduction projects in partner countries like India and earn carbon credits in return—making it India’s first bilateral carbon market deal under Article 6.2 (A6.2) of the Paris Agreement. A decade since that landmark climate accord, this move signals how carbon markets are final

The TFFF launch declaration received support from over 53 countries, including 19 potential investors Over $5.5 billion was pledged at the launch of the Tropical Forest Forever Facility (TFFF), meant to end deforestation. Norway pledged $3 billion, followed by Brazil and Indonesia pledging $1 billion at the COP30 leaders’ summit. France indicated that under specific conditions, they would consider committing up to $500 million until 2030. The Netherlands and Portugal have als

The roadmap’s focus is on mobilising private finance, which can potentially contribute more than half of the $1.3 trillion One of the more ambitious tenets set at COP29 in Baku last year was the ‘Baku to Belem Roadmap’ which aimed to mobilise $1.3 trillion in annual climate finance by 2035. While countries agreed to financing $300 billion annually, the question of realistically achieving $1.3 trillion remains. That is what the Roadmap, published late on Wednesday, attempts t

According to the study, nine EMEs will require $2.2 trillion in climate finance to decarbonise key sectors Nine emerging markets economies (EMEs) constituting G20 (Argentina, Brazil, China, India, Indonesia, Mexico, the Russian Federation,South Africa, and Türkiye) will require $2.2 trillion in climate finance between 2022 and 2030 to decarbonise their key sectors like power, road transport, cement, and steel sectors. These findings come from the report titled “ Climate Finan

The Belém Climate Summit will be held from November 6–7 With less than a week remaining for the United Nations annual climate conference COP30, things are heating up, literally and otherwise. Before countries convene at Belem, in the northern Brazilian state of Para, other promising meets and events are hogging the spotlight. The Belém Climate Summit, to be held from November 6–7, will see heads of state and government, ministers, and leaders of international organisations co

The report said India can meet its 2032 power demand through solar, wind, and energy storage targets. A recent study found India does not need to add more coal plants beyond the existing National Electricity Plan 2032. The report titled “Coal’s diminishing role in India’s electricity transition” by Ember, an energy think tank, said adding more capacity can be uneconomical. According to the report, India can meet its power needs through solar, wind, and energy targets already

From calls to reform climate finance to demands for equity and adaptation, experts say COP30 will be the real test of whether global cooperation can still deliver results COP30 is upon us. Amid a global geopolitical churn, where climate has slipped down the priority list, the world will head to Belém, Brazil, for what the COP30 Presidency has called the “Implementation COP”. Last year, the United Nations Framework Convention on Climate Change (UNFCCC) grappled with questions

Only 64 of 195 parties to the Paris Agreement have updated their nationally determined contributions (NDCs) in an effort  to limit global temperature rise. China and India have yet to formally submit their updates, while doubts loom over whether the US will honour commitments made under the previous administration, HT reported.   The newspaper explained that even the limited submissions, covering just 30% of global emissions in 2019, project that global emissions will fall by

As Brazil pushes for a global forum linking climate and trade, India stands at a crossroads — resist new carbon rules or reshape them to reflect equity and development The Brazilian COP30 presidency’s push to institutionalise an Integrated Forum on Climate and Trade marks a turning point in international climate diplomacy. This also brings India at a historic crossroads. The emerging coalition of global powers—the European Union, China, and Brazil—signals an irreversible mo

Developing countries, excluding China, account for less than 15% of global climate finance flows. Enhancing flows to these countries will drive the next wave of global energy and material demand The leadership of the upcoming COP30, being hosted in Brazil, has signalled that implementation will be the mantra of COP30 to advance the multilateral climate agenda which has emerged over a decade of negotiations. At its core lies a critical and overdue task: delivering on the high

The climate finance target set at COP29 highlights ambition, but bridging the gap demands political leadership and structural innovation, not just funding pledges, writes Labanya Prakash Jena $2.3 to $2.5 trillion – this is the amount of capital Emerging Markets and Developing Countries (EMDCs), excluding China, need per annum to meet their climate goals, according to the Independent High Level Expert Group (IHLEG). By 2035, that figure will climb to $3.2 trillion annually, w

The report says that governments need to repurpose harmful agricultural subsidies and reform international financial institutions A new report revealed that $443 billion a year is needed to meet the climate adaptation costs of smallholder farmers, who produce half of the world’s food calories. The report titled “Feeding the World in a Changed Climate” by Climate Focus for Family Farmers of Climate Action, said that this investment is less than the harmful agriculture subsidi

Pollution levels spiked the most during late-night, between 10 PM to 1 AM Across India, pollution levels spike during the time of Diwali, due to the widespread bursting of firecrackers. This can be termed a seasonal rise in air pollution. Delhi and its surrounding regions, especially, face one of the most significant surges in fine particulate matter (PM2.5) concentrations during this period, according to a new report by the Delhi-based Climate Trends. 2025 showed the highest

The report finds that adaptation could add up to 15% GDP in certain vulnerable states by 2050 compared to current policies. A new report found that targeted climate and nature resilience investment could create over 280 million additional jobs in emerging markets and developing economies by 2035, while boosting GDP and unlocking a trillion-dollar market opportunity.  The report titled “Returns on Resilience” was released ahead of COP30 by a consortium of 20 leading adaptatio

The Net-Zero Banking Alliance (NZBA) was established over four years ago but has  struggled to keep its members since the election of US President Donald Trump, who has referred  to climate change as a “hoax.” This alliance, a key part of the broader Glasgow  Financial Alliance for Net Zero (GFANZ) launched in 2021, originally united more than 130  banks managing over $74 trillion in assets. Its purpose was to push member banks to  achieve net-zero greenhouse gas emissions ac

In May 2025, the Ministry of Finance released a document that could reshape India’s financial landscape. The draft Climate Finance Taxonomy framework covering power, mobility, buildings, agriculture, food security, water security, and hard-to-abate sectors, represents more than policy guidance. For Indian financial institutions, this framework isn’t just another regulatory document but a strategic roadmap that helps banks thrive in the next decade as global capital increasing

India’s stance on CBAM has been very critical and has accused the EU of acting against the standards of international trade. A new study found that EU’s carbon border fees on Indian exports are likely to be relatively minor initially. These findings came from Sandbags, a European non-profit think tank, and the Carbon Border Adjustment Mechanism (CBAM) Simulator. The think tank revealed that under initial conditions, EU importers of Indian goods will face costs equivalent to

The report shifts the climate finance debate from how much money to how it flows When Brazil’s Ministry of Finance released the COP30 Circle of Finance Ministers Report  on Wednesday, it didn’t sound like another diplomatic exercise. It reads like a climate finance manual. The report marks a shift from negotiating money to designing systems. Instead of debating how much, it focuses on how — through structural reforms that could make future pledges usable, traceable and fair.

The Supreme Court allowed, “as temporary measure” the sale and bursting of green crackers approved by the National Environmental Engineering Research Institute (NEERI) in Delhi and the National Capital Region (NCR) from October 18 to October 21, and restricted the timings to 6 am to 7 am and 8 pm to 10 pm, the Indian Express reported . Only licensed traders can sell green crackers manufactured by those who are registered with the NEERI,” the court said, adding no sale or purc