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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 MoreNatural Hydrogen: Clean, Abundant, Low-Cost Fuel Source Emerging Syllabus: GS-2: Government Policies & Interventions GS-3: Environmental Pollution & Degradation , Growth & Development ,Conservation Focus: Natural hydrogen is gaining global attention as a clean and potentially abundant energy source. Recent discoveries in France and promising geological zones in India have sparked renewed interest. With extraction …
Read MoreWhy in News ? The Great Nicobar mega project faces scrutiny as environmental clearances benefit the same institutions receiving ₹2,220 crore for conservation. The denotification of Galathea Bay, a vital Leatherback turtle nesting site, raises concerns over conflict of interest and ecological impact. Environmental Clearances and Financial Gains: The Great Nicobar Island mega infrastructure project …
Read MoreWhy in the News? India and Nepal signed an MoU in New Delhi to enhance collaboration in Water, Sanitation, Hygiene (WASH), and waste management. The agreement aims to improve clean water access, sanitation infrastructure, and intergovernmental cooperation between the two nations. MoU for Strengthening WASH Collaboration: India and Nepal signed a Memorandum of Understanding (MoU) …
Read MoreWhy in the News? At COP16 in Rome, the Cali Fund was launched to mobilize financial contributions from industries using genetic data. Managed by UNDP and UNEP, it aims to fund biodiversity projects, especially benefiting indigenous communities and conservation efforts worldwide. Launch and Purpose: Announced at COP16 of the UN Convention on Biological Diversity (CBD) …
Read MoreWhy in the news? At the Japan-India-Africa Business Forum, EAM S. Jaishankar highlighted India’s development-focused approach in Africa, emphasizing capacity-building, infrastructure investment, and technology transfer over resource extraction, with USD 100 billion trade and USD 12 billion investment in key sectors. India’s Commitment to Africa’s Growth: External Affairs Minister S. Jaishankar reaffirmed India’s focus on …
Read MoreWhy in the News? The Uttarakhand cabinet has passed a new land law restricting the sale of agricultural land to outsiders, aiming to preserve ecology, cultural identity, and regulate land misuse. The law reverses the 2018 reforms, introducing stricter government oversight. Key Provisions of the Law: The Uttarakhand cabinet, led by CM Pushkar Singh Dhami, …
Read MoreWhy in the news? The Haryana government’s proposed 3,858-hectare Aravali Safari Park faces opposition from retired forest officers, citing ecological threats. They argue that the project prioritizes tourism over conservation, risking groundwater depletion, biodiversity loss, and legal violations in the Aravali hills. About the Project: The Haryana government has proposed a 3,858-hectare Aravali Safari Park …
Read MoreSyllabus: GS – 3- EIA, Large scale hydro power projects , development vs environment Focus : The article explores the Sharavati Valley Pumped Storage Project (PSP), highlighting the debate between meeting Karnataka’s rising power demands and preserving the Western Ghats’ biodiversity. It discusses the project’s impact on forests, wildlife, and climate while addressing the arguments …
Read MoreEconomic Implications: The Pros and Cons India-US Energy Trade: Benefits and Challenges Pros: 1. Energy Security & Diversification – Reducing dependency on a single region ensures uninterrupted supply and mitigates risks from geopolitical tensions. 2. Reduced Price Volatility – US oil imports help buffer India from OPEC+ production cuts that often cause sharp price fluctuations. …
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