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  • India's Modi urges 'comprehensive' climate deal
India's Modi urges 'comprehensive' climate deal
India's Modi urges 'comprehensive' climate deal

India's Modi urges 'comprehensive' climate deal

New Delhi - India's Prime Minister Narendra Modi called yesterday for a "comprehensive and concrete" agreement on climate change in December, as he addressed African leaders at a major summit in New Delhi. Modi said no one had contributed less to global warming than India and Africa, warning that "the excess of (the) few cannot become the burden of many". He was speaking as world leaders prepare to meet in Paris in December to try to reach an agreement on tackling climate change, with the goal of capping warming at two degrees Celsius over pre-Industrial Revolution levels. "We are each making enormous efforts with our modest resources to combat climate change," the Indian premier told delegates from all 54 African Union nations gathered in New Delhi. "So, when the world meets in Paris in December, we look to see a comprehensive and concrete outcome that is based on the well established principles in the UN Convention on Climate Change." Modi also invited African nations to join an alliance of solar-rich countries that he plans to launch in Paris on November 30. India has pledged to generate 40% of its electricity from renewable sources within 15 years in an action plan submitted to the UN. But India, which relies heavily on polluting coal, has rejected calls to curb its use, saying developed countries were mostly to blame for climate change. Developing countries insist rich nations should lead the way in slashing climate-altering greenhouse gas emissions, arguing they started polluting earlier, and should bear a heavier duty for fixing the problem. But industrialised nations balk at being saddled with a higher burden of responsibility. Delayed for nearly a year due to the Ebola crisis, the approximately 1 000-delegate summit represents the highest number of foreign dignitaries to descend on India since 1983 and is thought to be the biggest ever overseas gathering of African leaders. Modi yesterday met with leaders of countries including Angola, Ethiopia and Egypt after holding talks on Wednesday with leaders including Zimbabwe's Robert Mugabe and Muhammadu Buhari of Nigeria, the oil-rich nation key to India's energy interests on the continent. New Delhi has worked hard to showcase its commitment to the continent's economic rise and historic friendship with African nations - with some thinly veiled jabs at China - as it vies for a greater share of its natural resources. India's economic presence in Africa is dwarfed by China, whose bilateral trade with the continent topped US$200 billion last year - more than the GDP of the 30 smallest African economies combined. Despite more than doubling since 2007 to US$72 billion in the fiscal year 2014-15, India's two-way trade with Africa is still comparatively small. But it is gaining ground, dominated by the energy sector and led by private entrepreneurs. Modi said Africa and India were "two bright spots of hope and opportunities in the global economy," as he pledged US$10 billion in concessional credit over the next five years to African nations. "India is now a major source of business investments in Africa," he said. "Today, 34 African countries enjoy duty free access to the Indian market. African energy helps run the engine of the Indian economy; its resources are powering our industries; and, African prosperity offers growing market for Indian products." Africa primarily exports raw materials to India, including precious metals, gemstones and oil, which are then processed into goods such as cut diamonds or refined petroleum products. - Nampa/AFP

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LaLiga: Las Palmas 1 vs 1 Deportivo Alaves | Celta Vigo 2 vs 2 Valencia | Getafe 1 vs 2 Mallorca | Real Madrid 0 vs 0 Real Betis | Almería 6 vs 1 Cadiz | Rayo Vallecano 0 vs 1 Athletic Club | Real Sociedad 0 vs 2 Atletico Madrid | Osasuna 1 vs 1 Villarreal | Girona 7 vs 0 Granada SerieA: Empoli 2 vs 1 AS Roma | Frosinone 0 vs 1 Udinese | SS Lazio 1 vs 1 Sassuolo | Hellas Verona 2 vs 2 Inter Milan | Atalanta 3 vs 0 Torino | Napoli 0 vs 0 Lecce | AC Milan 3 vs 3 Salernitana | Juventus 2 vs 0 Monza | Genoa 2 vs 0 Bologna | Cagliari 2 vs 3 Fiorentina European Championships Qualifying: Leeds United 0 vs 1 Southampton FA Cup: Manchester City 1 vs 2 Manchester United English Championship: Leeds United 0 vs 1 Southampton F1: Monaco GP First:Charles Leclerc Ferrari 02:23:16 Second:Oscar Piastri McLaren + 00:00:07.152 Third:Carlos Sainz Ferrari + 00:00:07.585 Katima Mulilo: 11° | 31° Rundu: 11° | 30° Eenhana: 13° | 31° Oshakati: 13° | 30° Ruacana: 14° | 31° Tsumeb: 15° | 28° Otjiwarongo: 12° | 26° Omaruru: 15° | 29° Windhoek: 11° | 25° Gobabis: 11° | 25° Henties Bay: 18° | 34° Wind speed: 23km/h, Wind direction: S, Low tide: 10:55, High tide: 04:53, Low Tide: 23:17, High tide: 17:29 Swakopmund: 18° | 26° Wind speed: 20km/h, Wind direction: S, Low tide: 10:53, High tide: 04:51, Low Tide: 23:15, High tide: 17:27 Walvis Bay: 19° | 33° Wind speed: 25km/h, Wind direction: S, Low tide: 10:53, High tide: 04:50, Low Tide: 23:15, High tide: 17:26 Rehoboth: 11° | 26° Mariental: 14° | 27° Keetmanshoop: 16° | 27° Aranos: 13° | 27° Lüderitz: 20° | 36° Ariamsvlei: 15° | 28° Oranjemund: 14° | 34° Luanda: 24° | 26° Gaborone: 12° | 27° Lubumbashi: 11° | 27° Mbabane: 10° | 20° Maseru: 5° | 21° Antananarivo: 10° | 23° Lilongwe: 13° | 26° Maputo: 18° | 26° Windhoek: 11° | 25° Cape Town: 14° | 20° Durban: 16° | 22° Johannesburg: 13° | 22° Dar es Salaam: 23° | 30° Lusaka: 14° | 26° Harare: 12° | 25° Currency: GBP to NAD 23.41 | EUR to NAD 19.97 | CNY to NAD 2.54 | USD to NAD 18.41 | DZD to NAD 0.14 | AOA to NAD 0.02 | BWP to NAD 1.31 | EGP to NAD 0.38 | KES to NAD 0.14 | NGN to NAD 0.01 | ZMW to NAD 0.68 | ZWL to NAD 0.04 | BRL to NAD 3.55 | RUB to NAD 0.2 | INR to NAD 0.22 | USD to DZD 134.39 | USD to AOA 848.36 | USD to BWP 13.6 | USD to EGP 47.1 | USD to KES 132.23 | USD to NGN 1474 | USD to ZAR 18.46 | USD to ZMW 26.59 | USD to ZWL 321 | Stock Exchange: JSE All Share Index 79150.84 Up +0.25% | Namibian Stock Exchange (NSX) Overall Index 1748.47 Down -0.71% | Casablanca Stock Exchange (CSE) MASI 13370.7 Down -0.04% | Egyptian Exchange (EGX) 30 Index 27205.14 Down -0.08% | Botswana Stock Exchange (BSE) DCI 9141.35 Same 0 | NSX: MTC 7.75 SAME | Anirep 8.99 SAME | Capricorn Investment group 17.34 SAME | FirstRand Namibia Ltd 49 DOWN 0.50% | Letshego Holdings (Namibia) Ltd 4.1 UP 2.50% | Namibia Asset Management Ltd 0.7 SAME | Namibia Breweries Ltd 31.49 UP 0.03% | Nictus Holdings - Nam 2.22 SAME | Oryx Properties Ltd 12.1 UP 1.70% | Paratus Namibia Holdings 11.99 SAME | SBN Holdings 8.45 SAME | Trustco Group Holdings Ltd 0.48 SAME | B2Gold Corporation 47.34 DOWN 1.50% | Local Index closed 677.62 UP 0.12% | Overall Index closed 1534.6 DOWN 0.05% | Osino Resources Corp 19.47 DOWN 2.41% | Commodities: Gold US$ 2 334.00/OZ UP +0.08% | Copper US$ 4.73/lb DOWN -0.0033 | Zinc US$ 3 077.30/T UP 0.19% | Brent Crude Oil US$ 82.34/BBP UP +0.82% | Platinum US$ 1 026.19/OZ UP +0.64% Sport results: LaLiga: Las Palmas 1 vs 1 Deportivo Alaves | Celta Vigo 2 vs 2 Valencia | Getafe 1 vs 2 Mallorca | Real Madrid 0 vs 0 Real Betis | Almería 6 vs 1 Cadiz | Rayo Vallecano 0 vs 1 Athletic Club | Real Sociedad 0 vs 2 Atletico Madrid | Osasuna 1 vs 1 Villarreal | Girona 7 vs 0 Granada SerieA: Empoli 2 vs 1 AS Roma | Frosinone 0 vs 1 Udinese | SS Lazio 1 vs 1 Sassuolo | Hellas Verona 2 vs 2 Inter Milan | Atalanta 3 vs 0 Torino | Napoli 0 vs 0 Lecce | AC Milan 3 vs 3 Salernitana | Juventus 2 vs 0 Monza | Genoa 2 vs 0 Bologna | Cagliari 2 vs 3 Fiorentina European Championships Qualifying: Leeds United 0 vs 1 Southampton FA Cup: Manchester City 1 vs 2 Manchester United English Championship: Leeds United 0 vs 1 Southampton F1: Monaco GP First:Charles Leclerc Ferrari 02:23:16 Second:Oscar Piastri McLaren + 00:00:07.152 Third:Carlos Sainz Ferrari + 00:00:07.585 Weather: Katima Mulilo: 11° | 31° Rundu: 11° | 30° Eenhana: 13° | 31° Oshakati: 13° | 30° Ruacana: 14° | 31° Tsumeb: 15° | 28° Otjiwarongo: 12° | 26° Omaruru: 15° | 29° Windhoek: 11° | 25° Gobabis: 11° | 25° Henties Bay: 18° | 34° Wind speed: 23km/h, Wind direction: S, Low tide: 10:55, High tide: 04:53, Low Tide: 23:17, High tide: 17:29 Swakopmund: 18° | 26° Wind speed: 20km/h, Wind direction: S, Low tide: 10:53, High tide: 04:51, Low Tide: 23:15, High tide: 17:27 Walvis Bay: 19° | 33° Wind speed: 25km/h, Wind direction: S, Low tide: 10:53, High tide: 04:50, Low Tide: 23:15, High tide: 17:26 Rehoboth: 11° | 26° Mariental: 14° | 27° Keetmanshoop: 16° | 27° Aranos: 13° | 27° Lüderitz: 20° | 36° Ariamsvlei: 15° | 28° Oranjemund: 14° | 34° Luanda: 24° | 26° Gaborone: 12° | 27° Lubumbashi: 11° | 27° Mbabane: 10° | 20° Maseru: 5° | 21° Antananarivo: 10° | 23° Lilongwe: 13° | 26° Maputo: 18° | 26° Windhoek: 11° | 25° Cape Town: 14° | 20° Durban: 16° | 22° Johannesburg: 13° | 22° Dar es Salaam: 23° | 30° Lusaka: 14° | 26° Harare: 12° | 25° Economic Indicators: Currency: GBP to NAD 23.41 | EUR to NAD 19.97 | CNY to NAD 2.54 | USD to NAD 18.41 | DZD to NAD 0.14 | AOA to NAD 0.02 | BWP to NAD 1.31 | EGP to NAD 0.38 | KES to NAD 0.14 | NGN to NAD 0.01 | ZMW to NAD 0.68 | ZWL to NAD 0.04 | BRL to NAD 3.55 | RUB to NAD 0.2 | INR to NAD 0.22 | USD to DZD 134.39 | USD to AOA 848.36 | USD to BWP 13.6 | USD to EGP 47.1 | USD to KES 132.23 | USD to NGN 1474 | USD to ZAR 18.46 | USD to ZMW 26.59 | USD to ZWL 321 | Stock Exchange: JSE All Share Index 79150.84 Up +0.25% | Namibian Stock Exchange (NSX) Overall Index 1748.47 Down -0.71% | Casablanca Stock Exchange (CSE) MASI 13370.7 Down -0.04% | Egyptian Exchange (EGX) 30 Index 27205.14 Down -0.08% | Botswana Stock Exchange (BSE) DCI 9141.35 Same 0 | NSX: MTC 7.75 SAME | Anirep 8.99 SAME | Capricorn Investment group 17.34 SAME | FirstRand Namibia Ltd 49 DOWN 0.50% | Letshego Holdings (Namibia) Ltd 4.1 UP 2.50% | Namibia Asset Management Ltd 0.7 SAME | Namibia Breweries Ltd 31.49 UP 0.03% | Nictus Holdings - Nam 2.22 SAME | Oryx Properties Ltd 12.1 UP 1.70% | Paratus Namibia Holdings 11.99 SAME | SBN Holdings 8.45 SAME | Trustco Group Holdings Ltd 0.48 SAME | B2Gold Corporation 47.34 DOWN 1.50% | Local Index closed 677.62 UP 0.12% | Overall Index closed 1534.6 DOWN 0.05% | Osino Resources Corp 19.47 DOWN 2.41% | Commodities: Gold US$ 2 334.00/OZ UP +0.08% | Copper US$ 4.73/lb DOWN -0.0033 | Zinc US$ 3 077.30/T UP 0.19% | Brent Crude Oil US$ 82.34/BBP UP +0.82% | Platinum US$ 1 026.19/OZ UP +0.64%