CEEW urges G20 nations to boost climate finance, ambition at COP29
ECONOMY & POLICY

CEEW urges G20 nations to boost climate finance, ambition at COP29

According to the Climate Accountability Matrix released by the Council on Energy, Environment, and Water (CEEW) at COP29 in Baku, most G20 countries, including major economies such as the US, Australia, and Canada, need to significantly strengthen their climate actions. The study, titled ‘Are G20 Countries Delivering on Climate Goals?’, evaluates G20 members' progress in areas beyond mitigation, such as adaptation and means of implementation. This marks the first-ever assessment of its kind from the Global South.

The report highlights that while France, the UK, Japan, and Germany have made progress in their climate actions through governance frameworks and international cooperation, other advanced economies fall short in consistent engagement and ambition. India and South Africa have been recognized among the Global South nations for adhering to climate commitments and implementing reasonable domestic measures. However, the report also indicates that even these countries must improve sectoral robustness to foster an enabling environment for more ambitious climate actions.

Dr Arunabha Ghosh, CEO of CEEW, emphasized that climate COPs are meant to raise ambition, enable action, and, most importantly, hold countries accountable. He noted that while COP28 saw many promises, it let developed countries off the hook, and stressed that COP29 must prioritize accountability and accelerate progress toward net zero. Ghosh further explained that developed nations, being the largest historical emitters, need to take faster action, immediately reduce emissions, and enhance both the quantity and quality of climate finance. He also highlighted the need for COP29 to address financing reliability and provide protection for vulnerable countries impacted by climate extremes.

CEEW’s report categorizes G20 countries into four groups—leader, reasonable effort, limited effort, and needs improvement—based on their climate actions. The matrix evaluates 42 indicators across themes such as international cooperation, national measures, sectoral robustness, enablers, and climate adaptation. The findings reveal that the EU, South Korea, India, Germany, and China show reasonable overall efforts, with Brazil and India outperforming other developing countries in renewable energy. However, fossil fuel-dependent economies like Saudi Arabia and Turkey are categorized under limited effort or needs improvement.

According to the Climate Accountability Matrix released by the Council on Energy, Environment, and Water (CEEW) at COP29 in Baku, most G20 countries, including major economies such as the US, Australia, and Canada, need to significantly strengthen their climate actions. The study, titled ‘Are G20 Countries Delivering on Climate Goals?’, evaluates G20 members' progress in areas beyond mitigation, such as adaptation and means of implementation. This marks the first-ever assessment of its kind from the Global South. The report highlights that while France, the UK, Japan, and Germany have made progress in their climate actions through governance frameworks and international cooperation, other advanced economies fall short in consistent engagement and ambition. India and South Africa have been recognized among the Global South nations for adhering to climate commitments and implementing reasonable domestic measures. However, the report also indicates that even these countries must improve sectoral robustness to foster an enabling environment for more ambitious climate actions. Dr Arunabha Ghosh, CEO of CEEW, emphasized that climate COPs are meant to raise ambition, enable action, and, most importantly, hold countries accountable. He noted that while COP28 saw many promises, it let developed countries off the hook, and stressed that COP29 must prioritize accountability and accelerate progress toward net zero. Ghosh further explained that developed nations, being the largest historical emitters, need to take faster action, immediately reduce emissions, and enhance both the quantity and quality of climate finance. He also highlighted the need for COP29 to address financing reliability and provide protection for vulnerable countries impacted by climate extremes. CEEW’s report categorizes G20 countries into four groups—leader, reasonable effort, limited effort, and needs improvement—based on their climate actions. The matrix evaluates 42 indicators across themes such as international cooperation, national measures, sectoral robustness, enablers, and climate adaptation. The findings reveal that the EU, South Korea, India, Germany, and China show reasonable overall efforts, with Brazil and India outperforming other developing countries in renewable energy. However, fossil fuel-dependent economies like Saudi Arabia and Turkey are categorized under limited effort or needs improvement.

Next Story
Infrastructure Transport

Kavach 4.0 Commissioned on Delhi–Mumbai and Delhi–Howrah

"Kavach version four has been commissioned on 1,452 route km, covering the high density Delhi–Mumbai and Delhi–Howrah corridors. The rollout included laying 8,570 km of optical fibre, installation of 1,100 telecom towers, deployment of trackside equipment over 6,776 RKm and establishment of 767 station data centres. Trackside implementation has been taken up on 24,427 RKm covering Golden Quadrilateral, Golden Diagonal and High Density Network sections. The programme aims to strengthen signalling and train protection on key routes.Kavach is an indigenously developed automatic train protecti..

Next Story
Infrastructure Transport

Railways Advance Kalyan–Murbad Line And Mumbai Capacity Expansion

"Indian Railways is advancing multiple rail infrastructure projects in Maharashtra, including the sanctioned Kalyan–Murbad new line and sizable investments under the Mumbai Urban Transport Project and the Mumbai–Ahmedabad High Speed Rail project. The Kalyan–Murbad 28 km new line has been sanctioned at Rs 8.36 billion (bn) on a 50:50 cost-sharing basis with the Government of Maharashtra and has been declared a Special Railway Project for land acquisition; proposals covering 214 hectares are at various stages of acquisition. Budgetary outlay for projects falling fully or partly in Maharash..

Next Story
Infrastructure Urban

Parliamentary Panel Flags Funding Gaps in Heavy Industries

"The Department-Related Parliamentary Standing Committee on Industry (Rajya Sabha) presented its 332nd report on the Demands for Grants 2026-27 of the Ministry of Heavy Industries (MHI). Figures converted from crore and lakh are expressed in million (mn). The Budget Estimates 2026-27 for the Ministry stand at Rs 79,399 mn against a projected requirement of Rs 94,843.2 mn, a shortfall of about 16 per cent, with revenue at Rs 79,370.8 mn and capital compressed to Rs 28.2 mn from Rs 5,020 mn.The committee flagged recurring BE-to-RE compression and declining revised estimate utilisation, and calle..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement