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Business Standard
5 days ago
- Business
- Business Standard
$300 billion climate finance target by 2035 is insufficient: Centre
The government has expressed its disappointment with the outcome of COP-29 at Baku, saying the new global climate finance target of $ 300 billion annually by 2035 is "substantially insufficient" to meet the financing needs of developing nations. Responding to a question in the Lok Sabha, Minister of State for Environment Kirti Vardhan Singh said that the New Collective Quantified Goal on climate finance "does not address the needs and priorities of developing countries" and is "incompatible with the principle of Common but Differentiated Responsibilities and Respective Capabilities (CBDR-RC) and Equity". He cited estimates of the Standing Committee on Finance under the UN Framework Convention on Climate Change (UNFCCC), which place these needs between $ 5.1-6.8 trillion (equivalent to $ 455-584 billion) per year for up to 2030. The minister said that the categorisation of climate-related outflows and financial efforts by multilateral development banks as contributions to the $ 300 billion goal would include inputs from developing countries themselves, even though the UNFCCC and its Paris Agreement require that "developed countries provide and take lead in mobilising climate finance for developing countries". He said India has submitted its view on the "Baku to Belm Roadmap to 1.3T", emphasising that the roadmap "must reflect the perspectives and concerns of developing country parties" and that its suggestions "must adhere to the principles of the UNFCCC and its Paris Agreement, including equity, common but differentiated responsibilities and respective capabilities and the principles of Article 9.1 of the Paris Agreement". COP-29 or the 2024 United Nations Climate Change Conference was held in Baku, Azerbaijan, in November last year. A key item on the agenda was agreeing to a New Collective Quantified Goal (NCQG) on climate finance to replace the $ 100 billion-per-year pledge made by developed countries in 2009. Parties adopted a target of mobilising at least $ 300 billion annually by 2035, from a mix of public, private, bilateral, multilateral, and alternative sources. Several developing countries have argued that the $300 billion annual goal is far below the scale of resources required to respond to climate change impacts and transition to low-carbon economies. Their position is based on UNFCCC assessments, which estimate that their combined needs amount to at least $ 455-584 billion per year until 2030. Critics also point out that a portion of the $ 300 billion could come from private investment or loans, rather than new and additional public finance from developed countries, which could increase debt burdens instead of providing concessional or grant-based support. The "Baku to Belm Roadmap to 1.3T" refers to the proposed plan to scale up global climate finance flows to $ 1.3 trillion per year by 2035. It is meant to guide discussions and technical work between COP-29 in Baku and COP-30 in Belem, Brazil, in November this year. The roadmap is expected to outline milestones, timelines and the balance between public and private finance, and to address the allocation of funds for mitigation, adaptation and loss and damage in developing countries. India, along with several like-minded developing countries, has sought a higher mobilisation goal of $ 1.3 trillion per year till 2030. It has said that such a target should be met through public finance from developed countries, should adhere to equity and CBDR-RC, and should avoid counting contributions that originate from developing countries themselves. Article 9.1 of the Paris Agreement states: "Developed country Parties shall provide financial resources to assist developing country Parties with respect to both mitigation and adaptation in continuation of their existing obligations under the Convention." This provision makes it a legal obligation for developed countries to take the lead in providing climate finance, reflecting the Convention's principle of CBDR-RC. The principle of CBDR-RC means all countries share the responsibility to address climate change, but not equally. Developed countries are expected to take the lead because they have contributed more to the problem historically and have greater financial and technological capacity, while developing countries' responsibilities are adjusted to their capabilities and development needs.
The Hindu
27-06-2025
- Politics
- The Hindu
Govt. unlikely to implement 20°C to 28°C AC temp range immediately: Union Environment Minister
Union Environment Minister Bhupender Yadav on Friday (June 27, 2025) said the government is unlikely to implement the air conditioner temperature range of 20°C to 28°C anytime soon, and that it will be introduced gradually over time. Asked at the India Climate Summit when the new AC temperature range would be implemented, Mr. Yadav said any such situation "may arise only after 2050". "I do not think it will happen immediately; capacities will be gradually built for it over time," he said. Mr. Yadav said that achieving climate targets must be done in line with national circumstances and the CBDR-RC (Common But Differentiated Responsibilities and Respective Capabilities) principle. India's nationally determined contributions (NDCs), or national climate plan, submitted to the UN climate body, emphasise ensuring "access to energy to its people", he said. The principle of CBDR-RC means all countries must fight climate change, but developed nations should do more because they have historically contributed more emissions and have greater resources. Earlier this month, Union Minister Manohar Lal Khattar said air conditioners in India will soon be required to operate within a fixed range of 20 degrees Celsius to 28 degrees Celsius, and settings below or above this limit will be prohibited. According to the Bureau of Energy Efficiency (BEE), most ACs in India are currently set between 20 and 21 degrees Celsius, though the ideal comfort range is 24 to 25 degrees Celsius. BEE recommends setting air conditioners at 24 to 25 degrees Celsius to balance comfort and energy use. It says that keeping the temperature too low, around 20 to 21 degrees Celsius, wastes electricity. The agency also says that raising the AC temperature by just 1 degree can save about 6% of electricity. Increasing it from 20 degrees Celsius to 24 degrees Celsius could lead to energy savings of up to 24%. India adds 10-15 million new ACs annually, with another 130–150 million expected over the next decade. Without policy intervention, ACs alone could drive 120 GW of peak power demand by 2030 and 180 GW by 2035, nearly 30% of the projected totals, according to a recent study by India Energy and Climate Center (IECC) at University of California (UC) Berkeley. The study says the fastest-developing major economy can avoid severe power shortages and save consumers up to ₹2.2 lakh crore ($26 billion) by doubling the energy efficiency of room ACs over the next 10 years. In the summer of 2024, room air conditioner sales surged by 40% to 50% year-on-year amid record-breaking temperatures. The share of the household sector in India's total electricity consumption increased from 22% in 2012-13 to 25% in 2022-23. Much of this rise can be attributed to economic growth and the increasing need for cooling due to rising temperatures, experts say. According to an ongoing research at the Oxford India Centre for Sustainable Development at the University of Oxford, in a world two degrees Celsius warmer than pre-industrial times, the largest cooling demand, in terms of total population, will come from India, followed by China, Nigeria, Indonesia, Pakistan, Bangladesh, Brazil, the Philippines, and the U.S.
Mint
27-06-2025
- Politics
- Mint
Will AC's temperature range be fixed between 20 to 28 degrees Celsius? Here's what govt says
The government is unlikely to implement the air conditioner temperature range of 20 degrees Celsius to 28 degrees Celsius anytime soon, PTI quoted Union Environment Minister Bhupender Yadav as saying on Friday, adding it will be introduced gradually over time. On being asked when the new AC temperature range would be implemented, the minister stated that any such situation "may arise only after 2050". "I do not think it will happen immediately; capacities will be gradually built for it over time," he said. Yadav said that achieving climate targets must be done in line with national circumstances and the CBDR-RC (Common But Differentiated Responsibilities and Respective Capabilities) principle. As per India's nationally determined contributions (NDCs), or national climate plan, submitted to the UN climate body, emphasise ensuring "access to energy to its people". This principle of CBDR-RC means all countries must fight climate change, however, all developed nations should do more because they have historically contributed more emissions and have greater resources. AC temperature setting: Earlier in June, Union Minister Manohar Lal Khattar had said that air conditioners in India will soon be required to operate within a fixed range of 20 degrees Celsius to 28 degrees Celsius, and settings below or above this limit will be prohibited. According to the Bureau of Energy Efficiency (BEE), most ACs in India are currently set between 20 and 21 degrees Celsius, though the ideal comfort range is 24 to 25 degrees Celsius. BEE recommends setting air conditioners at 24 to 25 degrees Celsius to balance comfort and energy use. It says that keeping the temperature too low, around 20 to 21 degrees Celsius, wastes electricity. The agency also says that raising the AC temperature by just 1 degree can save about 6 per cent of electricity. Increasing it from 20 degrees Celsius to 24 degrees Celsius could lead to energy savings of up to 24 per cent. Each year, India adds 10-15 million new ACs, with another 130–150 million expected over the next decade. Without policy intervention, ACs alone could drive 120 GW of peak power demand by 2030 and 180 GW by 2035, nearly 30 per cent of the projected totals, according to a recent study by India Energy and Climate Center (IECC) at University of California (UC) Berkeley. The study says the fastest-developing major economy can avoid severe power shortages and save consumers up to ₹2.2 lakh crore (USD 26 billion) by doubling the energy efficiency of room ACs over the next 10 years. In the summer of 2024, room air conditioner sales surged by 40 to 50 per cent year-on-year amid record-breaking temperatures. The research shows, the share of the household sector in India's total electricity consumption increased from 22 per cent in 2012-13 to 25 per cent in 2022-23. Much of this rise can be attributed to economic growth and the increasing need for cooling due to rising temperatures, experts say. With agency inputs.
New Indian Express
27-06-2025
- Politics
- New Indian Express
Govt unlikely to implement 20 to 28 degrees AC temp range immediately: Union environment minister
NEW DELHI: Union Environment Minister Bhupender Yadav on Friday said the government is unlikely to implement the air conditioner temperature range of 20 degrees Celsius to 28 degrees Celsius anytime soon and that it will be introduced gradually over time. Asked at the India Climate Summit when the new AC temperature range would be implemented, Yadav said any such situation "may arise only after 2050". "I do not think it will happen immediately; capacities will be gradually built for it over time," he said. Yadav said that achieving climate targets must be done in line with national circumstances and the CBDR-RC (Common But Differentiated Responsibilities and Respective Capabilities) principle. India's nationally determined contributions (NDCs), or national climate plan, submitted to the UN climate body, emphasise ensuring "access to energy to its people", he said. The principle of CBDR-RC means all countries must fight climate change, but developed nations should do more because they have historically contributed more emissions and have greater resources. Earlier this month, Union Minister Manohar Lal Khattar said air conditioners in India will soon be required to operate within a fixed range of 20 degrees Celsius to 28 degrees Celsius, and settings below or above this limit will be prohibited.
Time of India
27-06-2025
- Politics
- Time of India
Govt unlikely to implement 20 to 28 deg C AC temp range immediately: Union environment minister
Union Environment Minister Bhupender Yadav on Friday said the government is unlikely to implement the air conditioner temperature range of 20 degrees Celsius to 28 degrees Celsius anytime soon and that it will be introduced gradually over time. Asked at the India Climate Summit when the new AC temperature range would be implemented, Yadav said any such situation "may arise only after 2050". "I do not think it will happen immediately; capacities will be gradually built for it over time," he said. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Don't Pay Full Price for 2025's Top Games! Shop Now Undo Yadav said that achieving climate targets must be done in line with national circumstances and the CBDR-RC Common But Differentiated Responsibilities and Respective Capabilities) principle. India's nationally determined contributions (NDCs), or national climate plan, submitted to the UN climate body, emphasize ensuring "access to energy to its people", he said. Live Events The principle of CBDR-RC (Common But Differentiated Responsibilities and Respective Capabilities) means all countries must fight climate change, but developed nations should do more because they have historically contributed more emissions and have greater resources. Earlier this month, Union Minister Manohar Lal Khattar said air conditioners in India will soon be required to operate within a fixed range of 20 degrees Celsius to 28 degrees Celsius, and settings below or above this limit will be prohibited. According to the Bureau of Energy Efficiency (BEE), most ACs in India are currently set between 20 and 21 degrees Celsius, though the ideal comfort range is 24 to 25 degrees Celsius. BEE recommends setting air conditioners at 24 to 25 degrees Celsius to balance comfort and energy use. It says that keeping the temperature too low, around 20 to 21 degrees Celsius, wastes electricity. The agency also says that raising the AC temperature by just 1 degree can save about 6 per cent of electricity. Increasing it from 20 degrees Celsius to 24 degrees Celsius could lead to energy savings of up to 24 per cent.
