Indian Prime Minister Narendra Modi's office has proposed waiving a tax on coal to help finance pollution-curbing equipment, according to documents, but the move would also make coal more competitive in price with solar and wind energy.
A handful of major states resisted pressure on Sunday to ramp up efforts to combat global warming as a U.N. climate summit ground to a close, angering smaller countries and a growing protest movement that is pushing for emergency action.
India's federal pollution regulator has warned coal-fired power plants around New Delhi that they could be shut down for failing to comply with deadlines to meet emissions standards, according to sources.
Divisions within Europe and tension between the United States and China pose major challenges to the next round of United Nations talks on climate change.
The Task Force on Climate-Related Financial Disclosures was set up by the G20's Financial Stability Board at the end of 2015 to develop a voluntary framework for companies to disclose the financial impact of climate-related risks and opportunities.
