A CASE OF A MARITIME PRESENCE ADRIFT
Why in news? The International Maritime Organization (IMO), the United Nations agency tasked with regulating shipping, mandated that merchant ships should not burn fuel with sulphur content greater than 0.5% beginning January 1. Prior to the mandate by IMO, there was 3.5% of Sulphur in the fuel It was said to damage the vessels and even causing […]
WORLD ECONOMY TO CONTRACT BY 3% IMF
Why in news? The COVID-19 pandemic is having a “severe” effect on the world economy and is expected to cause a -3% change (i.e., a contraction) in global output in 2020, “much worse” than the 2008-09 financial crises, as per the International Monetary Fund’s (IMF) World Economic Outlook (WEO). India’s growth is expected to dip […]
Conferences, Conventions, Protocols in Environment and Ecology
What is the difference between a protocol, a treaty, and a convention? The difference between a protocol, treaty, and convention is: (1) Protocol: A protocol is an agreement that diplomatic negotiators formulate and sign as the basis for a final convention or treaty. The treaty itself may not be completed for many years. (2) Treaty: A treaty is […]
International Organization related to Environment
Global Environment Facility (GEF) Established : The Global Environment Facility was established in October 1991 during Rio Earth Summit as a $1 billion pilot program in the World Bank to assist in the protection of the global environment and to promote environmental sustainable development. Headquarter: Washington Key Functions: The Global Environment Facility (GEF) unites 183 countries in […]
CONTAINMENT IS HIGHEST PRIORITY: WHO
Focus: Prelims, GS-II International Institutions Why in news? All countries should make containing the outbreak of COVID-19 their top priority, The World Health Organisation (WHO) said on 6th May. WHO The World Health Organization (WHO) is a specialised agency of the United Nations that is concerned with world public health. It was established on 7 […]