Editorials/Opinions Analysis For UPSC 21 November 2022
Contents
- Climate talks near ‘loss and damage’ fund deal
- 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)
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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)
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