Developing nations News

The climate-warming chemicals are hydrochlorofluorocarbons and hydrofluorocarbons (HFCs) used widely used in refrigerators, air-conditioners and aerosol sprays.  

G20 leaders on Saturday adopted a World Bank funding plan of up to USD 1 billion for women entrepreneurs in developing nations, an initiative championed by US President Donald Trump's daughter Ivanka.

India is in favour of having two different HFC phase-down schedule for developing countries -- one for China and whoever else wants to join China and other for the remaining developing countries.

Asserting its position on Hydroflurocarbons (HFCs) phase-down issue at the conference on Montreal Protocol here, India today asked the developed world to take a concrete decision on distributing financial incentives for developing nations at this conference itself.

Union Environment, Forests and Climate Change Minister Prakash Javadekar said that he would make a statement on India's role in Paris Agreement in the parliament on Wednesday.

Japan annaounces its plan to increase aid for new climate framework ahead of the UN climate conference in Paris next week.

The GCF said in a statement its board had approved USD 168 million (155 million euros) for eight projects in countries.

The 2015 Paris Climate Conference is scheduled to take place from November 30 to December 11.

The G77 bloc of developing nations insists that firm funding commitments from developed nations must make it into the core of the agreement being shaped at talks in Bonn.

Ahead of the global meet on climate change, Prime Minister Narendra Modi Tuesday asked the developed world to be convinced that developing nations are not enemies of environment and pressed for changing the mindset that development and growth are inimical to ecology.

India has pitched for a global tax regime built into the UN process, rather than being looked at from the point of view of rich countries, in a bid to curb illegal financial flows from the developing world running into some $200 billion annually.

With the post-2015 development agenda set to be adopted later this year at the UN, India has said developing nations must be given the "necessary space" to pull their people out of poverty while pursuing socially inclusive and environmentally sustainable growth.

Alleging protectionist policies by countries like India, eminent industry associations from developed world have said the trade ministers of G20 countries should avoid adopting such measures.