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Boris Johnson s £11 6bn climate fund to be swiped from aid budget

In Cornwall last month, the prime minister hailed his £11.6bn climate commitment to the developing world – spread over 5 years – and vowed to pester other countries to stump up cash before Cop26 in Glasgow. “We, as the rich nations of the Earth, we need to build our credibility with those countries in asking them to make cuts in CO2,” he said- in relation to contributions to a hoped-for $100bn UN annual fund. “Because this country, which started the Industrial Revolution, is responsible for a huge budget of carbon that’s already in the atmosphere.” But the government has now quietly conceded that the entire £11.6bn – worth around £2.3bn each year, between 2021 and 2026 – will come from official development assistance (ODA), the aid budget.

Explained: Why India is protesting EU s discriminatory carbon border tax

Last week, Indian environment minister Prakash Javadekar opposed the European Union s (EU) plan to levy an additional carbon border tax on imports from countries such as India that do not have strict norms for controlling industrial greenhouse gas (GHG) emissions. Earlier, on March 10, 2021, the EU Parliament had adopted a resolution to implement a Carbon Border Adjusted Mechanism (CBAM), a June 2021 draft regulation pertaining to which proposed that goods entering the EU would be taxed at the borders. Such a tax would promote low-carbon, resource-efficient manufacturing , the resolution says. The UK and the US are also considering such proposals. The BASIC (Brazil, South Africa, India and China) countries grouping had opposed the EU s proposal in a joint-statement in April, terming it discriminatory and against the principles of equity and common but differentiated responsibilities and respective capabilities (CBDR-RC). These principles acknowledge that richer countri

Rewilding parts of Yorkshire could boost economy by hundreds of thousands say researchers – with 2,250 jobs alone for Leeds

Rewilding parts of Yorkshire could boost economy by hundreds of thousands say researchers – with 2,250 jobs alone for Leeds
yorkshirepost.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from yorkshirepost.co.uk Daily Mail and Mail on Sunday newspapers.

The Green Brief: The die is cast for ETS reform

The Green Brief: The die is cast for ETS reform
euractiv.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from euractiv.com Daily Mail and Mail on Sunday newspapers.

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