News
Climate change is now a real and pressing economic threat
24 Dec 2024
| Mint
Mr Manish Shrivastava, a Senior Fellow and Associate Director at The Energy and Resources Institute (Teri), said emerging nations require capital to upgrade factories to meet CBAM requirements. The COP29 in Baku, Azerbaijan has disappointingly committed only $300 billion year in climate finance, despite the requirement exceeding $7 trillion by 2030.
Read moreScientists deliberate on the research gaps in understanding impacts of Solar Geoengineering
20 Dec 2024
| Krishak Jagat
The Energy and Resources Institute (TERI), in collaboration with the Alliance for Just Deliberation on Solar Geoengineering (DSG), the School of Global Policy and Strategy at the University of California, and the Scripps Institution of Oceanography, convened a workshop centered on Solar Radiation Management (SRM) geoengineering scenarios. Approximately 30 researchers from meteorology, environmental science, climate modeling, atmospheric chemistry, engineering, economics, and governance
Read moreBaku To Belem: Charting Equitable Climate Pathways For The Global South
09 Dec 2024
| Krishak Jagat
A high-level roundtable discussion titled ‘Future of Climate Change Negotiations: Lessons from COP29’ was held in New Delhi, offering an in-depth debriefing on the outcomes of COP29, hosted in Baku, Azerbaijan. The event, organised by The Energy and Resources Institute (TERI), provided a platform for experts, policymakers, and industry leaders to deliberate on the critical challenges and opportunities for the Global South, particularly in the areas of climate finance, adaptation, and energy
Read moreCOP29 Ends with $300B Climate Deal Amid Global Tensions
08 Dec 2024
| The Caribbean Camera
Looking ahead, delegates agreed to develop a “road map” for climate finance, which will be presented at COP30 in Belém, Brazil. This roadmap will outline steps to meet higher climate finance targets and address lingering disagreements. Mr Dipak Dasgupta, economist at The Energy and Resources Institute in New Delhi, stressed the importance of this process, urging careful consideration and scientific rigor as negotiations progress.
Read moreCOP29: Too costly a failure?
03 Dec 2024
| Business India
The plea of India and other countries, which have been urging the developed countries to take responsibility, did not cut much ice and the agreement unveiling saw walkouts by several nations and blocks including India, AoSIS (Alliance of Small Island States) and LDCs (Least Developed Countries) calling it inequitable and inadequate. "India, representing the interests of the Global South, rejected the inequitable agreement and processes on the climate finance goal. COP29 has failed the
Read more12th Eastern Himalayan Naturenomics Forum: Shaping the Future of the Third Pole and Eastern Himalayas
29 Nov 2024
| Krishi Jagran
The 12th Eastern Himalayan Naturenomics Forum discussed the critical role of the Third Pole in climate regulation and sustainable development. The Awards programme also celebrated 50 years of TERI’s (The Energy and Resources Institute) critical and forward-looking work on science, research and sustainable development in both India and around the world.
Read moreCOP29 ends with a weak outcome, India rejects the deal calling it an optical illusion
24 Nov 2024
| The Times of India
Asked what India's rejection of the climate finance outcome meant at this juncture, Mr R R Rashmi, Distinguished Fellow, TERI and India's former lead negotiator, said India, in expressing formal disappointment about the $300 billion NCQG, acted as a leader of the Global South. "It is significant that, after a long time, India and many other diverse groups within the developing world have shown a common and united stand on this issue," he said.
Read moreCOP29 triples climate finance to $300 billion a year, India says "disappointed", "cannot accept"
24 Nov 2024
| The Indian Express
Mr Manjeev Singh Puri, India's former ambassador to the European Union, Distinguished Fellow, TERI, said, "It is deeply disappointing that the world couldn't agree on a goal reflecting at least a modicum of ambition for financing action in developing countries on climate change. India, rightly, underscored this inadequacy and the process of adoption."
Read more'Where is the money?' No clarity on Climate Finance as COP29 talks enter last day
22 Nov 2024
| News 18
Talking about the issues raised by the Global South, Ms Suruchi Bhadwal, Senior Fellow and Director, Earth Science and Climate Change Division, TERI said, "There are concerns from the developing countries related to the inclusion of the private sector and passing the buck onto the private sector with no clear mention of common but differentiated responsibilities of developed country parties and public finance support from them. Means of implementation also need to be clearly mentioned,
Read moreNews9 Global Summit: The Green Dilemma between the developed and the developing
22 Nov 2024
| News9 Live
Commitment is there, but lack of implementation and finance remains a problem, a problem highlighted by Dr Vibha Dhawan, Director General, TERI, when she spoke about meetings like the COP and the problem of financing. "Over a period of time it has become very clear that we are making promises, in terms of last year it was loss and damage fund and implementation of that. But then the money which is committed never comes on the table."
Read moreCOP29 talks extended as draft $250 billion finance offer flops
22 Nov 2024
| The Hindustan Times
Brazil warned the inadequate funding could jeopardise next year’s critical climate commitments. Mr RR Rashmi, Distinguished Fellow, TERI called it "a highly compromised version of the goal" that weakens core finance obligations by diluting government responsibilities and relying heavily on private funds.
Read moreG20 Agrees On Scaling Up Climate Finance, But Fails To Address Fossil Fuel Transition
19 Nov 2024
| News18
G20's consensus on reforming global financial institutions and debt structuring to make funds available for climate-vulnerable developing nations as well as strengthen multilateralism was also welcomed by climate experts. "The G20 has continued its push for international cooperation on global issues and strengthening of the multilateral system. Hopefully this will positively nudge the negotiations at COP 29," said Manjeev Puri, Distinguished Fellow, The Energy Resources Institute (TERI).
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