Energy subsidies top $6.6 trillion, lift carbon emissions by a fifth: IMF study
The world subsidises energy consumption to the tune of more than $200,000 per second, with about 60 per cent of that going to support coal, according to researchers at the International Monetary Fund.
View ArticleMultilateral Development Banks and the IMF Announce $400 Billion to achieve...
The multilateral development banks (MDBs) and IMF today signaled plans to extend more than $400 billion in financing over the next three years and vowed to work more closely with private and public sector
View ArticleChina Tops IMF List of $5.3 Trillion in Global Energy Subsidies
China is the biggest contributor to global energy subsidies that the International Monetary Fund estimates at $5.3 trillion, equivalent to 6.5 percent of the world’s gross domestic product. China tops
View ArticleClimate talks: Heads of state may not attend high-level segment of COP21 in...
Heads of state may not be part of concluding round of talks during the crucial Paris climate summit in December unlike the Copenhagen conference which failed to clinch a deal despite presence of almost
View ArticleG20 countries pay over $1,000 per citizen in fossil fuel subsidies, say IMF
World’s leading economies still paying trillions in subsidies despite pledges to phase them out, new figures show Subsidies for fossil fuels amount to $1,000 (£640) a year for every citizen living
View ArticleCouncil for sustainable development to promote green energy in India
The World Business Council for Sustainable Development, a not-for-profit CEO-led body that seeks to promote sustainable development, wants to help push renewable energy growth in India. The Council
View ArticleTaking greater global role for China, Xi pledges $2 billion to poor
UNITED NATIONS – Chinese President Xi Jinping on Saturday pledged $2 billion for a new development fund for poor countries on a U.N. visit showcasing Beijing’s growing global role. Xi’s announcement,
View ArticleVulnerable nations launch 'V20' to fight climate change
Lima: Finance ministers from 20 of the countries most vulnerable to climate change have launched the "V20" group to pool resources for their fight against the impact of global warming. The group, which
View ArticleIndia promising more than rich bloc on emission cuts
If you add up all the promises of carbon emission cuts made by different countries, the total is still not big enough to prevent global temperatures from crossing the red line of 2C rise by the end of
View ArticleIndia asks rich nations to come out with a clear roadmap on climate finance
In a clear indication of what India would pitch for having an effective and equitable climate deal in Paris in December, New Delhi has once again asked the rich nations to come out with a clear financial
View Article‘WB’s green norms must not compromise on development’
India is the largest recipient of World Bank loans and has received $52.7 bn Indian Finance Minister Arun Jaitley has called on the World Bank to continue its concessional financing until 2030 and...
View ArticleIMF extends Malawi loan program, adds $80 million for drought measures
The International Monetary Fund (IMF) will increase loans to Malawi by $76.8 million, the global lender said on Monday following an economic review of the drought-hit country. The IMF said it was also
View Article581 mn Indians in country's 9 poorest states live without proper healthcare
Seven of the nine 'high-focus' states report underspending on healthcare Nine of India’s poorest states–home to 581 million or 48% of India’s population–account for 70% of the country’s infant deaths,
View ArticleNigeria’s current growth insufficient to reduce unemployment, poverty – IMF
Nigerian govt. will create 15 million direct jobs by 2020 – MinisterNigerian govt. will create 15 million direct jobs by 2020 – Minister 21 things to know as Buhari unveils Nigeria’s economic recovery,
View ArticleGlobal unemployment to rise by 2.8m in 2018, says ILO
The International Labour Organisation (ILO) has said that global unemployment may rise by 2.8 million in 2018, with diverging trends at country and regional level. The ILO Director-General, Guy Ryder,
View ArticleIMF chief warns of 'dark future' over climate change
The world faces a "dark future" if it fails to tackle climate change and inequality, IMF managing director Christine Lagarde warned today. "If we don't address these issues... we will be moving to a
View ArticleIndia sixth most vulnerable country facing extreme weather events: Report
BONN, Germany: India is the sixth most vulnerable country in the world in terms of facing extreme weather events with Haiti, Zimbabwe, Fiji, Sri Lanka and Vietnam taking top five positions in the fresh
View ArticleTrade and climate change key agenda for India-Nordic Summit
Iceland supports India for UNSC seat India and Sweden will co-host the first ever India-Nordic Summit in Stockholm on Tuesday. Narendra Modi will be at the summit with Prime Ministers of Denmark, Finland,
View ArticleOnce again Malawi gets the dubious honor of being amongst the poorest...
Malawi has dropped again three steps down from position 6 last year in 2017 to position 3 this year 2018 as the world most poorest country According to the latest ranking by International Monetary Funds
View ArticleIndian economy poised to pick up in 2019, says IMF
India is projected to grow at 7.5 per cent in 2019 and 7.7 per cent in 2020, an impressive over one percentage point ahead of China’s estimated growth of 6.2 per cent in these two years, the...
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