Editorials/Opinions Analysis For UPSC 21 December 2022
Contents
- What exactly are carbon markets, and how do they function?
- Possibility of attracting Global Investment
What Exactly Are Carbon Markets, And How Do They Function?
Context
- The Indian Parliament recently passed the Energy Conservation (Amendment) Bill, 2022, rejecting the Opposition’s demand that it be referred to a parliamentary committee for review due to members’ concerns about carbon markets.
- The Bill amends the Energy Conservation Act, 2001, to empower the government to establish carbon markets in India and specify a carbon credit trading scheme.
- The article attempts to define carbon markets, highlights their various types, and discusses the challenges that carbon markets face.
Relevance
GS Paper – 3: Conservation, Groupings & Agreements Involving India and/or Affecting India’s Interests
Mains Question
Discuss global warming and its consequences for the global climate. Explain, in light of the Kyoto Protocol of 1997, the control measures to reduce the level of greenhouse gases that cause global warming. (150 Words)
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Possibility of Attracting Global Investment
Context
Gita Gopinath recently highlighted our opportunity to attract global investment in an interview, but we must lower trade barriers and promise policy stability if India is to become the world’s next megafactory.
Relevance:
GS Paper -3: Economic Development and Growth; Trade and Investment; Infrastructure.
Mains Questions
What are the major trade and manufacturing concerns in India? suggest measures to address these issues. (150 Words)
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