Tea industry heading towards real crisis: Tea Association of India

The tea industry is heading towards a real crisis situation in the month of November 2021 with dwindling harvest and falling prices, said the Tea Association of India (TAI) on Monday. A media release issued by TAI said that against the production of 139.49 million kg and 148.99 million kg in the year 2019 and … Read more

Glasgow climate agreement: India to phase out all fossil fuels, experts say

India has emerged as the country that has downplayed the level of ambition in the Glasgow Climate Pact and refused to agree to language on “phased coal and inefficient fossil fuel subsidies”. However, before India recognizes the lack of discrimination or differences in development status and questions responsibility for the current levels of emissions and … Read more

China defends engagement with India on ‘phase down’ of coal instead of ‘phase out’ at COP26

China on Monday asked developed countries to stop using coal first and provide financial assistance to developing countries to adopt green technology as it defended its move to join hands with India as part of a “phase out” of coal. Called “Phase Down” instead. Final text of the COP26 conference announcement. Negotiators from nearly 200 … Read more

COP26 completes first clarion call for ‘coal phase out’

The UN-sponsored climate conference COP26 ended late on Saturday. The fortnight-long intense discussion lasted a little over 24 hours, as negotiators and ministers worked at technical and political levels to find common ground. The result was the adoption of the Glasgow Climate Treaty by about 200 countries. While the meeting made history for being the … Read more

COP26 Summit Message for Business: Clean Up to Cash In

The Glasgow Climate Pact sent a clear message to global companies and executives: Re-evaluate business strategies and carbon footprints to reap monetary rewards, or gaps and risk losses. The agreement prompts countries to do much more to curb climate-warming carbon emissions. This pressure will be imposed on investment and industry to bring under control the … Read more

How the dispute over coal nearly ruined the Glasgow climate agreement

It was almost a diplomatic disaster. Alok Sharma, president of the United Nations Climate Conference in Scotland, had called the final meeting of representatives of nearly 200 countries to complete the Glasgow Climate Agreement. , It was a moment born out of weeks of difficult negotiations and months of painstaking preparations. Delegates in the plenary … Read more

COP26: UK holds on to Glasgow draft, concerns mild handling of finance

The UK, which is chairing the current round of UN-sponsored climate talks, has put forward draft texts of comprehensive decisions that provide broad strokes of consensus being drawn from countries in Glasgow. Observers have described the text as “one-sided”. “It is currently a very one-sided document. For the first time ever, a COP text explicitly … Read more

India’s coal imports fell by 12 per cent to 94 MT in April-August

The government on Tuesday said the country’s total coal imports declined by 12 per cent year-on-year to 94.15 million tonnes (MT) in April-August 2021 due to a substantial reduction in non-coking coal imports. This has resulted in substantial financial savings in the current year as the prices of coal in the international market are increasing … Read more

Energy crisis looming for now in India, China helping to revive coal

The energy crisis in Asia’s two major economies, leading to power shortages, rising fuel prices and slowing growth, is beginning to ease the risks, although the harsh winter weather will present further challenges. The supply of coal, the major source of electricity generation in China and India, has begun to rise again after governments pressured … Read more