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Indian Prime Minister Narendra Modi announced Sunday that the country will ratify the Paris Agreement early next month, giving the climate pact a major boost needed to go into effect this year. Modi...
India's Prime Minister Narendra Modi and US President Barack Obama agreed to ratify the Paris Agreement on climate change while announcing strong measures to fight ozone layer depletion and to promote clean energy in India.
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Achieving the goal of the Paris Agreement will require a major shift away from the fossil fuel-based economies of today to a more sustainable and green economy. Such a transition, needless to say, will be enormously expensive. The main source of financing will be public funds, essentially raised through taxation by the government. It is here that an ongoing reform effort at the United Nations must be brought into the picture -- the campaign for an intergovernmental tax committee.
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Public-private collaboration will be essential to raising the finance needed for India's cleaner growth. While the right domestic policies will be key to facilitating finance, greatly scaling up investment from the private sector will be the only way to mobilise the full amount of capital needed to meet India's renewable energy targets. In order to scale up private investment, India needs financial instruments for renewable energy and other green infrastructure that are a better match with investors' needs.
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The successful and effective implementation of the agreement would depend on two key factors: the first is the continued intent of the political leadership within key countries to act on climate change. The second crucial peg for the success of this agreement lies in winning the war on interpretation and details.
BENGALURU -- Prime Minister Narendra Modi and France President Francois Hollande have launched Grammy award winner Ricky Kej's new music album at the Paris climate change conference. "Grammy winner Ri...
Indian Prime Minister Narendra Modi arrived in Paris last night to attend the climate change conference. Modi is expected to deliberate on crucial issues relating to environment and climate change, in...