Carbon finance Current Affairs, GK & News

Global carbon emission’s link to India’s economic growth

Recent study published in the journal Nature Climate Change showed a link between the lower global carbon emission growth with India’s slowing economy. The growth in carbon dioxide emission has reduced in 2019 compared to 2018 according to the study and is linked to lower coal usage by India and China. China accounts for 50% ..

Topics: Carbon dioxide • Carbon finance • Chemical compounds • Clean Development Mechanism • Climate forcing agents • Coal • deforestation • Emissions trading • Global warming • Greenhouse gas • Greenhouse gas emissions • Lakshmi Puri • Manoj G. Tirodkar • Nature

Land Use and Climate Change

Since land acts as both the source as well as a sink of carbon, Land use, and changes in land use forms an integral part of the conversation on climate change. On one hand activities like agriculture and cattle rearing are a major source of methane and nitrous oxide. Both the gases are hundreds of ..

Topics: Carbon cycle • Carbon dioxide • Carbon finance • Climate change • Climate change mitigation • Climate forcing agents • Climate history • Global warming • Greenhouse gases • IPCC Report on Land and Climate Change • Law by country • Low-carbon diet • Politics by country

India to submit 2nd Biennial Update Report (BUR) on greenhouse gas inventory to UNFCCC

The Union Cabinet has recently approved Submission of India’s 2nd Biennial Update Report (BUR) to the UNFCCC (United Nations Framework Convention on Climate Change), which contains 2014 updates of national greenhouse gas (GHG) inventories. As per an official statement, in 2014, approx 2.607 billion tonnes of of CC-2 equivalent) of GHGs were emitted from all ..

Topics: Carbon finance • Copenhagen Accord • Environmental treaties • Greenhouse gas • Greenhouse gas inventory • Kyoto Protocol • Law by country • Politics by country • United Nations Framework Convention on Climate Change

South Africa hosts 26th BASIC Ministerial Meeting on Climate Change

The 26th BASIC Ministerial Meeting of Environment Ministers was held in Durban, South Africa. India was represented by Union Environment Minister Dr. Harsh Vardhan. In it, Dr Vardhan reiterated his appeal to make joint efforts to create a societal movement in combating climate change through “Green Good Deeds”. He told his counterparts from BASIC countries ..

Topics: BASIC countries • Carbon dioxide • Carbon finance • Climate change policy • Environmental treaties • Global warming • Harsh Vardhan • Kyoto Protocol • Law by country • Paris Agreement • Politics by country • United Nations Framework Convention on Climate Change

Transformative Carbon Asset Facility (TCAF)

In 2015, the World Bank had launched a $500 million Transformative Carbon Asset Facility (TCAF) to help developing countries pay for emission reductions and combat climate change. The Transformative Carbon Asset Facility (TCAF) will establish the world’s first programmatic carbon market. The scheme will reward countries for reducing emissions by paying a fee for each ..

Topics: Carbon emission trading • Carbon finance • Climate change • Climate change policy • Emissions trading • Environment • Global warming • Intended Nationally Determined Contributions

Carbon Tax

The tax that is levied on the carbon content of fuels is called Carbon Tax. So, in Carbon Tax, the burning of fossil fuels viz. coal, petroleum products such as gasoline and aviation fuel, and natural gas is taxed in proportion to their carbon content. The result is an increase in the competitiveness of non-carbon ..

Topics: Carbon • Carbon finance • Carbon tax • Chemical elements • Chemistry • Climate change policy • Coal • Ecotax • Environmental law • Fuel • Low-carbon economy • Physical sciences