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Finance will be a dominating theme in the COP27, currently underway at Sharm el-Sheikh, Egypt. At a recent webinar hosted by Climate Trends, a capacity-building company based in Delhi, R R Rashmi, Distinguished Fellow, TERI India and a former representative of India at climate talks, noted that the capital flows to the Green Climate Fund (GCF) have been very little. Only $3–4 billion of GCF's $10–12 billion overall capitalization has come from external sources.
Read moreA smoky haze had lowered the visibility levels to 800 metres at these places on 8 November. Southeasterly winds gusting up to 30 kmph barrelled through parts helped improve the situation. According to a study conducted by The Energy and Resources Institute in 2018, vehicular emissions account for around 40 per cent of the PM 2.5 pollution in the capital.
Read moreThis year's COP will be primarily focused on enabling climate finance, and India will push for better financing options and opportunities for G20 nations. Mr R R Rashmi, call for setting a principle of finance. Just like there is a principle for nationally determined contributions, he argued there must also be a principle for contribution, which right now doesn’t exist.
Read moreWhile Loss and Damage funding being added to the official agenda is historic, financing mechanisms to ensure powerful outcomes remain elusive. The inclusion of the loss and damage issue as a topic on the COP agenda is welcomed, but Mr R R Rashmi, Distinguished Fellow, TERI, notes that this is linked to the outcomes of the CMA, Conference of the Parties serving as the meeting of the Parties to the Paris Agreement, which is different from COP.
Read moreAs nations gather for COP27 in Egypt, the failure of rich countries to keep promises – partly due to Russia’s war in Ukraine – has led to scepticism in a year marked by repeated climate disasters in South Asia. In a recent webinar, Mr Dipak Dasgupta, TERI, addressed the question of where this money might come from, stating that the majority of the money will have to come from private sources, but the public money that developed countries promised is crucial as a guarantor of the loans that
Read more“The figure of USD 100 billion for developing countries was agreed upon much before the Paris Agreement was signed. Based on the Nationally determined contributions (NDCs), the total cumulative financing requirements of the developing world is anything in the range of USD 5.8-5.9 trillion till 2030,”said Mr R R Rashmi, distinguished fellow, TERI, and former climate negotiator under UNFCCC.
Read moreTERI, Goa, and Physikalisch Technische Bundesanstalt (PTB), Germany, organised a conference to explore opportunities for implementing sustainable energy and technology-driven projects in Goa.
Read moreClimate finance is necessary for mitigation because large-scale investments are required to reduce emissions significantly. Mr R R Rashmi, Distinguished Fellow at The Energy and Resources Institute, said India hasn't benefited much from the $100 billion climate finance.
Read moreThe absence of a definition allows developed countries to greenwash their finances and pass off loans as climate-related aid. According to Mr R R Rashmi, Distinguished Fellow, TERI, and former climate negotiator under UNFCCC, any consensus on an enhanced scale of financial mobilization could be a welcome takeaway from COP27.
Read moreAs per the CSE analysis, local sources caused around 32.9 percent of the pollution in Delhi from October 21 to 26. The analysis used the model developed by IITM using an emissions inventory prepared by TERI in 2018.
Read moreA 2018 study conducted by TERI, showed that vehicle emissions account for 24%-28% of the city's pollution.
Read moreMethane-monitoring satellites that zoom in on sources of the climate-warming gas show that landfills contributed to more than 25% of methane emissions in Mumbai and 6% in Delhi. According to Dr Suneel Pandey, Director, Environment & Waste Management Division, TERI, scientifically any landfill which is more than six metres deep has the potential to generate methane.
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