Environmental Policy Shift

At the Global Climate Summit in Geneva, 50 nations signed the Carbon Reduction Accord, committing to a 30% reduction in carbon emissions by 2035. The agreement targets heavy industries like manufacturing and shipping, imposing stricter emissions caps and incentivizing renewable energy adoption. Environmental groups hailed the accord as a "critical step forward," but critics argue it places undue pressure on developing economies. India and Brazil secured exemptions for certain sectors, citing economic growth concerns. The accord includes a $100 billion fund to support green technology transitions in low-income nations. Analysts warn that enforcement will be key, with past agreements often faltering due to lack of oversight. The next summit, set for 2026, will review progress.