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Economic Times
7 days ago
- Business
- Economic Times
Citizens' rights to clean energy at centre of India's climate policy: Bhupender Yadav
Bhupender Yadav emphasized India's commitment to clean energy access for its citizens, acknowledging the nation's vulnerability to climate risks, ranking sixth in the Global Climate Risk Index 2025. India advocates for equity and differentiated responsibilities, urging developed nations to take the lead due to historical emissions. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads NEW DELHI: India's climate policy architecture focuses on securing the rights of 140 crore citizens to clean energy, Union Environment Minister Bhupender Yadav on Thursday the Annual Summit of the Confederation of Indian Industry, Yadav said India, like most countries, is also facing increasing vulnerabilities due to climate risks."India's heightened proximity to the challenges emerging from climate change can be ascertained by the fact that India ranks sixth in Global Climate Risk Index in 2025," he minister said India believes and advocates for the principles of equity and common but differentiated responsibilities and respective said these principles recognise that countries' efforts to combat climate change should be viewed in light of their contributions to total emissions and added that developed countries should shoulder primary responsibilities given their significant historical emissions."India realises that for emerging countries, climate considerations can cost them precious resources, slow their socio-economic growth aspirations and affect livelihood opportunities. As a major climate policy contributor and as the voice of global south, India continues to advocate for CBDR on multilateral forums," he said the government recently released Draft Framework of the Climate Finance Taxonomy to strengthen efforts to address climate change related risks and build India's climate detailing the methodology for classifying activities, projects and measures under adaptation and mitigation, the minister said, the taxonomy will contribute to India's climate commitments, strengthen its resilience building efforts and facilitate investment in adaptation said the government is also preparing the first National Adaptation Plan to enhance India's adaptative capacity, strengthen knowledge systems and reduce exposure to climate National Adaptation Plan will be submitted to the United Nations Framework Convention on Climate Change (UNFCCC) in a few months, he added.
Time of India
30-05-2025
- Business
- Time of India
Citizens' rights to clean energy at centre of India's climate policy: Bhupender Yadav
NEW DELHI: India's climate policy architecture focuses on securing the rights of 140 crore citizens to clean energy, Union Environment Minister Bhupender Yadav on Thursday said. Addressing the Annual Summit of the Confederation of Indian Industry, Yadav said India, like most countries, is also facing increasing vulnerabilities due to climate risks. "India's heightened proximity to the challenges emerging from climate change can be ascertained by the fact that India ranks sixth in Global Climate Risk Index in 2025," he added. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Pakistan: Unsold Sofas at Bargain Prices (View Current Prices) Sofas | Search Ads Search Now Undo The minister said India believes and advocates for the principles of equity and common but differentiated responsibilities and respective capabilities. Yadav said these principles recognise that countries' efforts to combat climate change should be viewed in light of their contributions to total emissions and added that developed countries should shoulder primary responsibilities given their significant historical emissions. Live Events "India realises that for emerging countries, climate considerations can cost them precious resources, slow their socio-economic growth aspirations and affect livelihood opportunities. As a major climate policy contributor and as the voice of global south, India continues to advocate for CBDR on multilateral forums," he said. Yadav said the government recently released Draft Framework of the Climate Finance Taxonomy to strengthen efforts to address climate change related risks and build India's climate resilience. By detailing the methodology for classifying activities, projects and measures under adaptation and mitigation, the minister said, the taxonomy will contribute to India's climate commitments, strengthen its resilience building efforts and facilitate investment in adaptation solutions. Yadav said the government is also preparing the first National Adaptation Plan to enhance India's adaptative capacity, strengthen knowledge systems and reduce exposure to climate risks. The National Adaptation Plan will be submitted to the United Nations Framework Convention on Climate Change (UNFCCC) in a few months, he added.
Business Recorder
25-04-2025
- Climate
- Business Recorder
Warning shot from nature
There were heavy hailstorms lashing out at Islamabad and parts of Khyber Pakhtunkhwa last Wednesday. These were no ordinary hailstorms but perhaps the severest of their kind in recent history as they pelted golf ball size hail that wantonly smashed car windscreens and house windows, creating panic among the residents of the affected areas. Though the storm only lasted a little over half an hour in Islamabad it wrought considerable damage, especially to solar panels resulting in considerable financial loss to the owners. Children playing out in the open were also frightened and ran indoors to save themselves. After the storm subsided it looked like a battle field with rows of cars whose glasses were smashed and the streets and gardens littered with hail. The news of this unusual phenomenon soon spread to the four corners of the country as in this digital age stories with pictures of this hail storm were soon circulating on digital communication channels not only within Pakistan but across the world. This was another proof that Pakistan is in the line of fire of global weather change and in fact seems to be in the forefront of this dangerous global phenomenon. I wonder how many people realize that Pakistan is ranked as the 5th most vulnerable country to climate change, according to the Global Climate Risk Index. This means that the nerve shattering experience our friends in the capital city of the country endured last Wednesday was not a freak incident but in the coming days and months it might even intensify and the country as a whole might experience increasingly severe extreme climate events of which the Islamabad storm was just a trailer. This is one message that our government has repeatedly expressed at all concerned forums and emphasized the fact that global weather changes are not fueled by countries like Pakistan but other countries who should also bear the responsibility for their actions and help Pakistan in combating the serious challenges posed by weather change and consequent events like the one in Islamabad last week. Why are hailstones called by this name? Hailstones are called hailstones because the word 'hail' refers to the phenomenon of ice falling from the sky, and 'stones' refers to the individual pieces of ice that usually are formed like small balls of ice. In ancient times these were attributed to punishment by the gods for the ill deeds of the area residents targeted by these hailstones. Now we know differently even now this is retribution from nature on our way of life that harms nature and creates misbalance between different natural forces to create such a scenario. This is in spite of warnings from those in the knowhow. The storm recently in our capital city was severe but the world has also seen much more severe and destructive hail storms. It is interesting to note and perhaps be aware that the biggest hailstone ever recorded was found in the USA in the state of Dakota in July 2010; it was 8 inches in diameter and weighed 1.9375 pounds and had a circumference of 18.625 inches. Closer to home among the heaviest hailstones on record are also hailstones that fell in Bangladesh in 1986 and weighed about 2.25 pounds each as recorded by the Guinness Book of World Records. With increased global weather changes the hailstone activity has also intensified. The European severe storms laboratory documented a range of severe weather activities, including severe hailstorms in Tuscany, Italy and Andalusia. These hailstorms like the one in Islamabad caused damage to roofs, cars and crops .Other hailstorms in Colorado, the USA, brought property damage and floods. All this is nature striking back at our wanton destruction of the environment. Pakistan that has been a victim of floods causing immense damage to crops and property is now facing other natural disasters like hail storms which might even intensify in the coming days. Already we are facing unnaturally high temperatures which are not natural for this time of the year. While we cannot control the pollution in other countries we should very seriously control pollution at our end. If you wander out on a busy road you can see nearly every other vehicle and specially the heavier traffic leaving behind a tale trail of smoke and then there are numerous other contributors like those burning waste in the open and other such active contributors to pollution in our skies. Time to wake up. Hailstorm in Islamabad was the opening shot from nature. Let us not defy it any more. (The writer is a well-known columnist) Copyright Business Recorder, 2025
Arab News
24-02-2025
- Business
- Arab News
IMF, Pakistan to open $1 billion climate financing talks today
ISLAMABAD: Pakistan and the International Monetary Fund mission will open discussions from today, Monday, for around $1 billion in climate financing for Pakistan, an adviser to the country's finance minister said. Khurram Schehzad told Reuters last week the IMF mission will visit from February 24-28 for a 'review and discussion' of climate resilience funding. The disbursement will take place under the Fund's Resilience and Sustainability Trust, created in 2022 to provide long-term concessional cash for climate-related spending, such as adaptation and transitioning to cleaner energy. Pakistan made a formal request in October last year for around $1 billion in funding from the IMF under the trust, to address the nation's vulnerability to climate change. Pakistan's Geo News TV had earlier reported that the IMF would issue the $1 billion for climate financing this week. The country's economy is on a long path to recovery after being stabilized under a $7 billion IMF Extended Fund Facility it secured late last year. 'Another IMF mission will arrive in Pakistan in the first week of March for a first review of that facility,' Schehzad said. The Global Climate Risk Index places Pakistan among the countries most vulnerable to climate change. Floods in 2022, which scientists said were aggravated by global warming, affected at least 33 million people and killed more than 1,700. The country's economic struggles and high debt burden impinged its ability to respond to the disaster.
Express Tribune
22-02-2025
- Business
- Express Tribune
IMF to send delegation to Pakistan for $7 billion loan review
Listen to article The International Monetary Fund (IMF) has announced that its review mission will visit Pakistan to negotiate the next tranche of the $7 billion loan, with discussions also set to focus on climate financing. The IMF delegation is scheduled to arrive in Pakistan in early March to conduct the first review of the ongoing loan programme. According to IMF's representative in Pakistan, Maahir Binesi, the delegation will engage in talks regarding the next installment of the loan and will also review the technical aspects of climate financing at Pakistan's request. A separate IMF mission, which will focus on climate-related financial arrangements, is expected to visit Pakistan at the end of February. During this visit, the technical team will assess the ongoing climate financing initiatives and review potential arrangements for future support. These discussions are part of Pakistan's efforts to secure financial resources to combat climate change, which has had a significant impact on the country in recent years. Moreover, IMF mission is also to arrive in Islamabad next week to discuss around $1 billion in climate financing for Pakistan, an adviser to the Pakistan finance minister said on Thursday. Advisor to Finance Minister Khurram Schehzad told Reuters that the mission would visit from February 24 to 28 for a 'review and discussion' of climate resilience funding. The disbursement will take place under the Fund's Resilience and Sustainability Trust, created in 2022 to provide long-term concessional cash for climate-related spending, such as adaptation and transitioning to cleaner energy. Pakistan made a formal request in October last year for around $1 billion in funding from the IMF under the trust, to address the nation's vulnerability to climate change. The country's economy is on a long path to recovery after being stabilised under a $7 billion IMF Extended Fund Facility it secured late last year. Another IMF mission will arrive in Pakistan in the first week of March for a first review of that facility, Schehzad said. The Global Climate Risk Index places Pakistan among the countries most vulnerable to climate change. Floods in 2022, which scientists said were aggravated by global warming, affected at least 33 million people and killed more than 1,700. The country's economic struggles and high debt burden impinged its ability to respond to the disaster.
