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Carbon Markets

Mains > Environment & Ecology > Global warming > Climate change

IN NEWS: Recently, the Parliament passed the Energy Conservation (Amendment) Bill, which empowers the government to establish carbon markets in India and specify a carbon credit trading scheme. MORE ON NEWS: ...

iTips

For mains, significance and challenges of carbon market can be asked also the content can be used in questions related to carbon emissions and climate change.
For prelims, questions can be expected on Perform Achieve, Trade (PAT) scheme and the Renewable Energy Certificate (REC), “greenwashing” etc.

DEC 26

Carbon Market

Preliminary > Environment and Ecology > Global warming > Climate change

Why in news? Parliament passed the Energy Conservation (Amendment) Bill, 2022. The Bill amends the Energy Conservation Act, 2001 to empower the Government to establish carbon markets in India and specify a carbo...

DEC 22

Carbon Border Adjustment Mechanism (CBAM)

Preliminary > Environment and Ecology > Miscellaneous > Climate change

Why in news? The BASIC group, comprising India, China, Brazil and South Africa, issued a joined statement against Carbon Border Adjustment Mechanism, as it could result in market distortion and aggravate the trust ...

DEC 15

India Cooling Action Plan

Preliminary > Environment and Ecology > Global warming > Climate change

Why in news? World Bank in its recent report ‘Climate Investment Opportunities in India's Cooling Sector’ analyzed India Cooling Action Plan (ICAP) and came up with suggestions for prioritizing the ...

DEC 2

Climate Change Performance Index (CCPI, 2023)

Preliminary > Environment and Ecology > Global warming > Climate change

Why in news? India jumps 2 spots higher, and is now ranked 8th as per Climate Change Performance Index (CCPI, 2023). About Climate Change Performance Index (CCPI, 2023): Climate Change Performance Index ...

NOV 23

Loss and Damage Fund

Preliminary > Environment and Ecology > Global warming > Climate change

Why in news? The countries at the COP27 of UNFCCC in Sharm el-Sheikh, Egypt have decided to establish a ‘Loss and Damages’ fund. About Loss and Damage: There is no official definition of &lsq...

NOV 21

Leadership Group for Industry Transition (LeadIT)

Preliminary > Environment and Ecology > Global warming > Climate change

Why in news? India and Sweden hosted the LeadIT Summit on the sidelines of COP27. What is the LeadIT Initiative? Leadership Group for Industry Transition(LeadIT) was launched by the governments of Sweden...

NOV 16

Methane Alert and Response System

Preliminary > Environment and Ecology > Global warming > Climate change

Why in news? Recently the United Nations (UN) has decided to set up a satellite-based monitoring system “MARS: Methane Alert and Response System” for tracking methane emissions and alerting governments ...

NOV 14

Adaptation Gap Report

Preliminary > Environment and Ecology > Global warming > Climate change

Why in news? According to Adaptation Gap Report, 2022, global efforts in adaptation planning, financing and implementation are not enough to prepare vulnerable communities around the world to adapt to the rising ri...

NOV 5

Emissions Gap Report 2022

Preliminary > Environment and Ecology > Global warming > Climate change

Why in news? The ‘Emissions Gap Report 2022’ has been released. About Emissions Gap Report 2022: The report is released by United Nations Environment Programme (UNEP) This is the 13th edit...

OCT 29