Shaswata Kundu Chaudhuri

ICJ ruling recognises climate change as existential threat, paves way for future litigation The court declared that historically emitting nations have to cut emissions and compensate vulnerable nations for the harm already caused

💡 Ruling affirmed that sea-level rise cannot invalidate existing maritime baselines and entitlements, in a relief for island nations

The ruling: icj-cij.org/sites/defaul...

Read CarbonCopy's coverage here: carboncopy.info/icj-ruling-r...

💡 Paves way for future climate litigation
💡 States are obliged to cut their emissions and compensate vulnerable nations for the harm they have caused
💡 1.5°C obligation is legally binding, based on the Paris Agreement

Climate change is existential threat, nations legally bound to address it - ICJ (International Court of Justice)

Top 5 takeaways from the landmark ruling:

💡 Government and corporate actions — through subsidies and licenses for fossil fuel production, consumption and exploration — can be illegal

Developing nations slam slow progress on loss and damage finance, call to “Fill the Fund” The world needs $580 billion in climate finance, but only $788 million has been pledged, while $361 million has been disbursed

At FRLD's 6th Board Meeting held in Cebu, Philippines, developing nations and civil society came together to demand rich nations to pay up, and disburse climate finance as grants, not loans.

Read my piece: carboncopy.info/developing-n...

#climatefinance #fillthefund #loss&damage #climatecrisis

💰 Only $788 million has been pledged
💰 In reality, only $361 million has been deposited into the fund, but not disbursed

Essentially, no country has received any climate finance yet, even as global temperatures breached the 1.5°C threshold in 2024.

0.062% - That's how much climate finance has been deposited into the Fund for Responding to Loss & Damage (FRLD) by developed nations, compared to actual needs.

In monetary terms, the FRLD’s ‘Status of Resources’ report notes that:
💰 The developing world needs $580 billion in climate finance

BRICS bloc proposes more multilateralism, sustainable development of Global South US President Donald Trump threatens BRICS affiliates with 10% additional tariff

💡 Brazilian President criticized the IMF, World Bank for ensuring that “emerging and developing economies finance the more developed world”
💡 BRICS bloc also supported India’s candidacy to host COP33 in 2028

Read my report on the #BRICS2025 to find out more: carboncopy.info/brics-bloc-p...

💡 Called for Western countries to pay for global mitigation efforts
💡 Possible emergence of a new world through more multilateralism
💡 Criticized the rise of tariffs and its adverse economic impact on global trade

BRICS now hosts 56% of the world population, and accounts for 44% of global GDP - more influence and weight.

Keeping this in mind, the recently held BRICS summit in Rio de Janeiro has some key takeaways for climate and global policy:

💡 BRICS called for reforms of the principal organs of the UN

💡 There are less permanent jobs available in the coal sector, leading workers to contractual employment, with less wages and no benefits

So what happens to the 21 million people dependent on the coal economy?

Read my report from India's coal belt to find out: carboncopy.info/indias-coal-...

What does India's post-coal future look like?

💡 73,800 layoffs in Coal India by 2050, according to the Global Energy Monitor

💡 The labour cutback has begun. The number of permanent workers in Coal India has declined, while there's been a rise in contractual workers, over the last five years

India’s coal heartland is powering down, with no safety net The energy shift is redrawing India’s economic map, but for coal belt workers in states like Jharkhand, the just transition is already collapsing under policy inaction

Coal currently powers 75% of India’s electricity and is expected to peak by 2040.

After that comes the massive downfall - declining by 99% by 2060 to meet net zero goals.

What happens then to the 21 million people dependent on #coaleconomy?

My analytical #groundreport explains:

#justtransition

India’s coal heartland is powering down, with no safety net The energy shift is redrawing India’s economic map, but for coal belt workers in states like Jharkhand, the just transition is already collapsing under policy inaction

'Just transition' is thought of as a future phenomenon. In India's coal belt, that future is already here.

In my latest story, I look at how 21 millions coal workers might lose their livelihoods in east India, while the west and south develop on the back of new,green industries.

#justtransition