Vietnam calls for global climate responsibility, and other stories

For PropertyGuru’s news roundup, Vietnam has reiterated its commitment to tackling climate change and emphasised the shared responsibility of nations in an address at an international forum. In other headlines, Thailand is facing a significant financing gap between climate adaptation needs and actual investments. Lastly, tenants in India need to be aware of their key rights and responsibilities that will ensure a balanced relationship with landlords.

Vietnam presents viewpoint on national responsibility for climate change response

Vietnam has reiterated its commitment to tackling climate change, emphasising the shared responsibility of nations. Addressing a session in the International Court of Justice (ICJ) in The Hague, the Netherlands, the country’s delegation stressed the responsibilities of countries based on international treaties, such as the United Nations Framework Convention on Climate Change, Kyoto Protocol, the 2015 Paris Agreement, and the 1982 UN Convention on the Law of the Sea (UNCLOS). According to VietnamPlus, while the delegation reiterated that all countries share the responsibility for mitigating climate change, this responsibility must take into account their differences in emission history and national capabilities. Developed countries, as major emitters, should cease harmful activities and be responsible for the damage they cause.

Bridging Thailand’s climate finance gap

Thailand consistently ranks among the most vulnerable countries in the world to climate change. That’s why the country needs significant financing for climate adaptation, as noted by Bangkok Post. Such “adaptation finance” should be considered worthwhile investments, not expenses, since its purpose is to help avoid or reduce climate change’s social and economic impacts. However, the amount of Thailand’s climate adaptation finance remains minuscule compared to the financing needs. Research shows that Thailand’s total financing for climate adaptation activities between 2018-2024 amounted to only THB14 billion. The country needs its private sector to engage in climate financing.

Legal rights and duties of tenants in India

Tenants in India have several rights and responsibilities under the law, ensuring a balanced relationship with landlords. Rent agreements are crucial in defining these terms, protecting tenants from arbitrary rent hikes and illegal eviction. Tenants are entitled to basic amenities, maintenance of the property, and a fair notice period for termination of tenancy. However, they are also required to adhere to the terms of the agreement, including timely rent payments and proper use of the premises. Housing.com delves into the key rights and responsibilities of Indian tenants, along with the dispute resolution mechanisms available to address any conflicts.

The Property Report editors wrote this article. For more information, email: [email protected].