-The Hindu India must use green technologies to boost growth and become a climate leader The UN’s Emissions Gap Report comes as a sharp warning to countries preparing to meet in Madrid in December, under the aegis of the UN Framework Convention on Climate Change, that every year of inaction is jeopardising the main goal of the Paris Agreement: to keep the rise in global temperature over pre-industrial times well below 2°C,...
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The setting sun on India's solar dreams -Tanya Thomas
-Livemint.com * Caught in an economic slowdown, India’s clean energy transition is likely to go for a toss. What will be the cost? * The ongoing slowdown in economic growth and electricity demand has worsened the deep stress in India’s renewable energy industry, sending it into a tailspin MUMBAI: In September, while speaking at the United Nations Climate Action Summit in New York, Prime Minister Narendra Modi committed to setting up 450 gigawatts...
More »Economy under stress: Slowdown may spill over to FY21
-Financial Express Economists see no V-shaped recovery after Q2, say any spending cut will hit growth. The economy may be in the midst of a protracted phase of slowdown and the weakness could stretch into the next fiscal, as green shoots of a recovery in key indicators — from industrial production, exports and corporate sales to non-food credit growth — are barely visible. Economists, who were earlier optimistic about a rebound in the...
More »75% climate pledges fall short: Researchers -GS Mudur
-The Telegraph The report examined each of the 184 voluntary pledges under the Paris climate pact Nearly three-quarters of the climate pledges from 184 countries under the 2015 Paris climate pact are insufficient to adequately lower Earth-warming greenhouse gas emissions and cap global warming to below 1.5 degrees Celsius, researchers iterated on Tuesday. India, China and the US are among the 136 countries (74 per cent) whose pledges to curb their emissions...
More »Merchandise exports affected by global slowdown but not export of services
Is it the case that the global economic downturn instead of shrinking domestic demand has affected our economy more? If the aforesaid statement is true, then ideally the trade related data should indicate improvement in our imports and deceleration in the country's exports. However, that is not the case and we get a mixed picture. A press release by the Ministry of Commerce & Industry dated 13th September, 2019 shows...
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