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The good news is that our annual budget now recognizes climate change as a priority. The bad news is that there is a long way to go.

Editor's note: What a day to start this newsletter. Even the Union budget now includes climate change and other “green” endeavours as listed priorities. This was unimaginable even five years ago, when the environment and its role in the budget (and our consciousness) was limited to good-looking animals, the Ganga river, or as a roadblock to the economy’s animal spirits (pun intended?). All that continues, but now we have growing recognition that environment and climate issues are critical and closely linked to the economy, and require budgetary support. The goal of all climate action is to reach a point where climate change ceases to be an issue. The path towards this future, and all the action that entails, is now known simply as the ‘transition’, a euphemism for large-scale changes to our economic systems and society (like climate ‘change’ is actually about the gradual collapse of society). This newsletter is named after the growing urgency to make this transition happen. Every decision made from now matters. According to the Climate Action Tracker, India’s actions so far are “highly insufficient” from a global …
Rapid asset purchases are driving generation growth, but rising debt and weaker cash flows are testing investor confidence.
The window to prevent the worst impacts of climate change has shut. The heat is on global leaders at the annual climate talks in Brazil to deliver more than just theatre.
Global tech giants and Indian conglomerates are setting up cloud and AI infrastructure, supported by public resources, but the wider payoff is unclear.