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India Releases Draft Climate Taxonomy for Investment Why in News ? The Finance Ministry has unveiled a draft climate finance taxonomy to direct investments into clean energy and climate-resilient infrastructure. This initiative follows COP29 disagreements over defining “climate finance” and aligns with India’s Net Zero 2070 and Viksit Bharat goals. Objective and Scope of the …
Read MoreDelhi’s EV Policy Mulls Carbon Credit Incentives Why in the News ? The Delhi government is drafting its Electric Vehicles Policy 2.0, which includes a proposal to award carbon credits to EV buyers. While intended to boost EV adoption, experts warn of implementation challenges, pricing uncertainty, and market access issues. About the Proposal and Objectives …
Read MoreIndia- US Energy Future Syllabus GS 2: India and its Neighborhood Why in the News? Recently, India and the U.S. renewed strategic talks to enhance cooperation in clean energy, critical minerals, and nuclear power amid rising concerns over supply chain risks and China’s mineral dominance. Introduction India and the United States are re-evaluating their strategic …
Read MoreWhy in the news? India’s ambitious net-zero goal by 2070 faces challenges like surging energy demand, land-use constraints, and resource limitations, requiring innovative strategies amid global climate action discussions at COP-29. Net-Zero Commitments and Challenges: India has pledged to achieve net-zero emissions by 2070 to combat climate change. However, this path involves challenges such as …
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