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11th World Green Economy Summit Opens in Dubai Why in the News? The 11th World Green Economy Summit (WGES) commenced in Dubai, bringing together 3,300 participants from over 30 countries under the theme “Innovating for Impact: Accelerating the Future of the Green Economy.” The summit aims to foster global collaboration on sustainable development and climate …
Read MoreIndia’s Climate Taxonomy: Building a Credible Green Finance Framework Syllabus: GS-2: Renewable Energy GS-3: Government Policies & Interventions Why in the News? In May 2024, the Ministry of Finance released India’s draft Climate Finance Taxonomy for public consultation. This “living framework” aims to mobilise green capital, prevent greenwashing, and align India’s finance sector with carbon …
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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