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Editorials/Opinions Analysis For UPSC 21 November 2022


Editorials/Opinions Analysis For UPSC 21 November 2022


Contents

  1. Climate talks near ‘loss and damage’ fund deal
  2. Attempting to repair Safety Net Holes

Climate Talks Near ‘Loss and Damage’ Fund Deal


Context

The recently revealed draught decision text of the COP27 of the UN climate negotiations included both of India’s key mitigation points in the mitigation clause. Furthermore, the draught agreement appeared to be on track to meet a critical demand of developing countries by establishing a new loss and damage fund.

Relevance:

GS Paper 3: Conservation, environmental pollution and degradation, environmental impact assessment

Mains Question

Discuss the schism between the developed and developing worlds in climate change negotiations and the development of a global collective action plan. (250 Words)

Click Here To Read More: Climate Talks Near ‘Loss and Damage’ Fund Deal


Attempting To Repair Safety Net Holes


Context

  • The article focuses on the revised G20/OECD draft of the 2011 High-level Principles on Financial Consumer Protection (FCP) and new FCP themes that have been endorsed for the first time.
  • It emphasised that India must set a good example for others and will implement the revised principles when it assumes the G20 presidency in December 2023.

Relevance

GS Paper 2: Bilateral, regional and global groupings involving India and affecting India’s interests etc

Mains Question

The long sustained image of India as a leader of the oppressed and marginalized nations has disappeared on account of its newfound role in the emerging global order.’ Elaborate. (UPSC 2019)

Click Here To Read More: Attempting To Repair Safety Net Holes


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