Steel Network
12,728.18 TRY BIST 100 BIST 100
50.71 EUR EUR EUR
43.30 USD USD USD
6.25 CNY CNY CNY
0.12 CNY CNY/EUR CNY/EUR
35.19 TRY Interest Interest
65.29 USD Fossil Oil Fossil Oil
5.80 USD Copper Copper
130.57 USD Silver Silver
103.04 USD Iron Ore Iron Ore
351.00 USD Shipbreaking Scrap Shipbreaking Scrap
6,679.08 TRY Gold (gr) Gold (gr)
103.00 USD Iron Ore 61% Fe Iron Ore 61% Fe

India urges developed countries to become carbon negative by 2050

India wants to encourage developed countries to become carbon negative instead of carbon neutral by 2050.

India urges developed countries to become carbon negative by 2050

India plans to present this proposal at the COP28 climate summit at the end of the year. According to the arguments, if rich countries achieve net-negative emissions before 2050, it will make it possible for the world to reach a net-zero emissions target by 2050, while enabling developing countries to use their natural resources for growth.

Developed countries such as the US, UK, Canada and Japan are on track for net zero targets by 2050. China is aiming for 2060 and India for 2070. India tends to avoid setting a date for a specific fossil fuel phase-out period, preferring instead to focus on "reduction and mitigation technologies" to reduce carbon emissions.

At a G20 summit in New Delhi last month, member countries agreed to a requirement to reduce unabated coal power without setting a specific timeline or emissions reduction targets. This represents progress in climate negotiations among these countries, which account for 80% of global emissions.

Comments

No comment yet.

Only +plus subscribers can access this content.

SUBSCRIBE now to share your thoughts on the markets and get more comments.
SUBSCRIBE If you already have an account Sign In

Most read news

EFRS’2026 will focus on green transformation and digitalization in the iron and steel sector

Thursday, January 22, 2026

Spain’s steel production declined by 8% in November

Thursday, January 22, 2026

A cooperation protocol was signed between Türkiye and the UK on the hydrogen fueled train project

Thursday, January 22, 2026

The pilot application of the Türkiye Emissions Trading System begins this year

Thursday, January 22, 2026

SSAB and Rheinmetall partner on fossil-free steel supply

Thursday, January 22, 2026
Follow List
Expand
Your watch list is empty

Add your favorite commodities for quick access and don't miss the latest price change news.


There are no news categories you follow
Edit Notification Preferences
E-bulletin subscription
Sign up to receive the latest news and daily iron prices by e-mail and sms
Become a Plus Subscriber Now!
Try it free for 3 days!
Subscribe Now
Neutral Prices
Be informed
Provincial Iron Prices
Comments and Analysis
Subscribe Now