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A CARBON MARKET OFFERS BENEFITS WE SHOULD SEIZE Syllabus: GS-3: Environment and ecology Conservation Why in the News? India’s recent push to expand its domestic carbon market, combined with weak outcomes at CoP-30 in Belém, has renewed debate on carbon pricing, climate justice, and clean-technology adoption. As global warming surpasses the 1.5°C threshold, India faces …
Read MoreCentre Forms National Authority for Carbon Markets Why in the News? The Ministry of Environment, Forest and Climate Change has finalized the creation of a National Designated Authority (NDA), a 21-member body mandated under Article 6 of the Paris Agreement (2015), to oversee carbon markets, emission reduction projects, and NDC implementation. This move signifies India’s …
Read MoreWHY THE EU PLANS TO ADD CARBON CREDITS TO CLIMATE GOALS Why in the News? New climate target: The EU Commission proposed a 2040 target allowing carbon credits to cover 3% of emissions. Global linkage: This is the first time the EU may count foreign carbon credits toward its climate goals. Pushback at home: Due …
Read MoreSyllabus: GS – 3 – Agriculture and the negative impact of it on environment , Carbon market Focus : The article focuses on the potential of carbon markets to transform Indian agriculture by incentivizing sustainable farming practices, reducing greenhouse gas (GHG) emissions, and providing additional income for farmers. It highlights the functioning of carbon markets, …
Read MoreSyllabus: GS-3- Environment and ecology , Regeneration of wasteland and related policies Focus : The Environment Ministry introduced the Green Credit Programme in October 2023. It is a market-based mechanism allowing individuals and companies to claim incentives, termed ‘green credits,’ for contributions to environmental and ecological restoration. Source- GoI Understanding the Green Credit Programme Some …
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