ECONOMIC IMPACT OF CLIMATE CHANGE

India rejected the new climate finance package of USD 300 billion annually by 2035 for developing nations, deeming it "too little, too distant." India argued that the amount falls short of the USD 1.3 trillion needed annually by 2030 and called the ...

Developing nations have criticized a climate deal that pledges $300 billion annually from wealthy countries as insufficient to address the escalating climate crisis. The agreement, reached after intense negotiations in Azerbaijan, aims to support de...

Developing nations are expressing disappointment at the lack of a concrete financial commitment from developed countries at the UN climate conference in Baku. The conference, tasked with setting a new climate finance goal, has instead left a placeho...

A new report reveals that climate change poses a significant risk to South Asia's transport infrastructure, with USD 575 billion worth of assets, including USD 400 billion in India, vulnerable to climate hazards. The report emphasizes the urgent nee...

Gold prices have dropped nearly 5% while Bitcoin surged 30% following the recent U.S. election. This market shift is attributed to expectations of Republican policies potentially driving economic growth and inflation. While gold's decline is linked ...

Western India is poised for a significant surge in rainfall by 2040 due to climate change, while the eastern and northeastern regions may experience a decline, according to a new analysis. This shift in the southwest monsoon pattern could lead to in...

Young Indian climate activists are at COP29. They are demanding action from world leaders. They want policies that protect children from climate change. The activists represent millions of young people across South Asia. South Asia is highly vulnera...

India is poised to undertake a massive infrastructure development program, demanding significant capital investment. A global survey of infrastructure and transportation CEOs reveals optimism for growth but highlights concerns about ESG expectations...

Global biodiversity loss, the third most prominent long-term risk, significantly impacts economies and livelihoods. Developing countries face increased poverty and food insecurity due to ecosystem degradation. While international agreements aim to a...

India will support Brazil in achieving a consensus at the upcoming G20 summit. The summit will address global issues such as geopolitical tensions, debt, climate change, and gender equality. India will advocate for the interests of developing nation...

Donald Trump's return to the White House has sparked concerns about climate change mitigation efforts. Despite his support for the oil and gas industry, the global shift towards clean energy, fueled by investments and initiatives like the Inflation ...

Donald Trump's proposed tariffs on Chinese goods could trigger factory relocations to other Asian countries, potentially benefiting them. However, a trade war between the US and China would destabilize global markets, impacting Asia's growth signifi...

India has been ravaged by extreme weather throughout 2024, leading to over 3,200 deaths and extensive damage to homes and crops in the first nine months. Record-breaking heat, drought, and floods, attributed to climate change, have disproportionatel...

India's External Affairs Minister S Jaishankar addressed the ASEAN-India Network of Think-Tanks roundtable in Singapore. He highlighted the importance of collaboration between India and ASEAN for economic growth and addressing global challenges. Jai...

The Network for Greening the Financial System stresses the urgency of immediate action, including a significant increase in carbon pricing, to mitigate these severe economic risks and achieve net-zero emissions targets.

A new study reveals that high-income nations could significantly contribute to combating climate change by reducing beef production by a mere 13%. This shift could remove a staggering 125 billion tonnes of carbon dioxide from the atmosphere, equival...

Developed countries increased climate adaptation funding to $32.4 billion in 2022, a significant rise but still far short of the $215-387 billion annually that developing nations need. The UN urges developed countries to double adaptation funding by...

A recent ADB report predicts that India could face a 24.7% GDP loss by 2070 due to climate change, with overall regional losses reaching 16.9%. Labor productivity, energy demands, and flooding are key factors contributing to these losses. The report...

Climate change may cause substantial GDP losses in Asia and the Pacific by 2070. India is likely to experience a 24.7 per cent GDP reduction. Rising sea levels and decreasing labour productivity are significant factors. Up to 300 million people in t...