Sameer Jain, Managing Director, Primus Partners, and Vijeth Kanahalli, Manager, Primus Partners, shared their views that in 2024, international climate efforts faced setbacks, with critical discussions at COP29, the G20, and the UN's Pact for the Future raising doubts about achieving the 1.5°C temperature rise target. Despite some progress in 2023, such as India's G20 Presidency pushing for climate finance and renewable energy growth, Brazil’s 2024 leadership weakened commitments, while Azerbaijan's COP29 fell short of addressing developing nations’ financial needs. Global economic growth projections remained slow, and the Global South, pivotal for future growth, suffered disproportionate impacts from climate change. India’s climate finance needs were unmet, and challenges like carbon tariffs remained unresolved. Read Now!
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