British PM Rishi Sunak reverses decision on COP27, says will attend climate summit
London (PTI): British Prime Minister Rishi Sunak announced on Wednesday that he will attend the COP27 climate summit in Egypt next week, reversing his previous decision to skip the meeting in Sharm El Sheikh to focus on domestic issues and the economic crisis in the UK.
Sunak took to Twitter to reveal his plans after criticism from climate activists and within the government from Indian-origin COP27 President Alok Sharma, who said it was important for the prime minister to be present to show the UK's commitment on the issue of climate action.
The pressure mounted further as his ex-boss, former prime minister Boris Johnson, confirmed that he would be attending the summit scheduled between November 6 and 18.
"There is no long-term prosperity without action on climate change, tweeted Sunak.
"There is no energy security without investing in renewables. That is why I will attend COP27 next week: to deliver on Glasgow's legacy of building a secure and sustainable future," he said, with reference to the COP26 summit chaired by the UK in Scotland last November.
The Opposition Labour Party described the reversed decision to attend as Sunak being "dragged kicking and screaming into doing the right thing; embarrassing".
The Green Party called it a "screeching U-turn" and "an embarrassing mis-step on the world stage" to initially announce plans not to attend.
Earlier this week, Downing Street said Sunak's attendance at the summit was under review as progress was being made with Chancellor Jeremy Hunt on the preparation of a crucial economic statement scheduled for November 17.
Many world leaders, including US President Joe Biden and France's Emmanuel Macron, are due to go to the 27th Conference of the Parties of the United Nations Framework Convention on Climate Change (UNFCCC).
India's Union Environment Minister Bhupender Yadav will lead an 18-member delegation at COP 27, with Prime Minister Narendra Modi's attendance yet to be confirmed.
King Charles III, a passionate climate campaigner who will not be attending, is to host a COP27 pre-summit reception for world leaders at Buckingham Palace on Friday. It is planned as a review of progress made since the UK hosted the COP26 summit in Glasgow last November, with Sunak and Sharma among those attending alongside international business leaders and decision-makers.
Let the Truth be known. If you read VB and like VB, please be a VB Supporter and Help us deliver the Truth to one and all.
Power tariffs under BESCOM to rise from May 1
Bengaluru (PTI): Power bills for consumers under the Bangalore Electricity Supply Company Limited (BESCOM) will go up from May 1, following an order issued by the Karnataka Electricity Regulatory Commission (KERC) on Friday.
The hike comes after KERC allowed the BESCOM to recover a revenue deficit of Rs 2,068 crore incurred in 2024-25, from the consumers.
As a result, for every unit of electricity consumed in 2024-25, the customers will be charged an additional 56 paise, it said.
"BESCOM shall calculate, for each of the active consumers of FY2024-25 the amount to be recovered based on their actual energy consumption during FY2024-25. Such amount shall be recovered during FY 2026-27 in equal monthly instalments, to be called as 'FY25 True up Charges', commencing from the first meter reading date falling on or after 1 May 2026 and concluding with the reading date ending on 30 April 2027," the order said.
"It is further ordered that BESCOM shall maintain a separate head of account, allocated for the purpose, to record the adjustment of the said amount to ensure full recovery of the deficit," it added.
Similarly Chamundeshwari Electricity Supply Corporation Limited (CESC) has also recorded a revenue deficit of Rs 121.71 crore and can collect an additional 15 paisa per unit for consumption in 2024-25, official sources said.
