Norway, which has led developed nations by investing billions of dollars to slow tropical deforestation, announced plans on Wednesday to step up its efforts as part of "first aid" to slow climate c

The quiet collapse of the most basic principle of UN climate negotiations in Doha - that all decisions should be taken only with complete consensus of 194 countries party to the convention -- has t

Doha failed to fashion meaningful action on climate change but got all nations on one platform

The Doha climate talks could not take “ambitious or meaningful decisions” on financing commitments of developed countries, the government on Tuesday said.

However, India could protect its interests “fully” and succeeded in bringing the three issues of “Equity, technology-related IPRs (intellectual property rights) and the unilateral measures firmly back on the table,” it said. “Among the key concerns which the conference could not address are those relating to financing commitments of developed countries, sectoral actions and the issue of compensation for loss and damage arising from climate change,” the government said two days after the conclusion of the Doha conference.

Coal-rich Poland will host the next round of UN climate talks in 2013.

The two-week long UN climate talks came to a close in Doha on Saturday with delegates of 194 countries endorsing another set of greenhouse gas emission cuts between 2013 and 2020.

Declining prices of carbon credits along with the lower probability of Annex 1 or developed countries agreeing to binding commitments after the expiry of first commitment period of the Kyoto Protocol in 2012 may hit the revenues of companies like SRF, ONGC, Navin Fluorine and Chemplast Sanmar, among others, which have registered their projects for the UN's clean development mechanism (CDM).

With prices of carbon permits having declined to a record low of 70 cents per unit, down from the peak of 17 euros, Indian firms — which sell about 90% of their total credits to Europe — might feel the tremors in the next few months.

At the Doha climate change conference, the world agreed to strengthen the framework for future action. But it is now that action is needed

The United Nations climate talks in Doha ended in overtime, in what can be best described a nail-biting finish. This was the 18th Conference of the Parties (COP) to the United Nations Framework Convention on Climate Change. The COP is held once a year to push for action to cut greenhouse gas emissions, so intertwined with economic growth that the world has been haggling for the past 20 years over who will cut and how much.

Weak proposals to extend until 2020 a shrivelled UN plan to fight climate change pushed marathon talks to the brink of collapse on Saturday. Delegates from nearly 200 nations spent hours poring over a package deal put forward by the host, OPEC member Qatar, that would also postpone until 2013 a row over demands from developing nations for more cash to help them cope with global warming.

Developing nations were divided over the modest deal that all sides said fell short of recommendations by scientists for tougher action to try to avert more heatwaves, sandstorms, floods, droughts and rising sea levels.