In light of a group of 16 countries, led by Vanuatu, approaching the International Court of Justice to seek a clarification of state obligations with regards to climate action, comment on the significance of the initiatives being taken by this small Pacific island nation. What is the way ahead?

  In order to define the rights and duties of states under international law in respect to the negative impacts of climate change, a core group of 16 nations, led by Vanuatu, will present a draft law before the general ..

Topics: GS-II: Developed Versus Developing Countries Indias Interests • GS-II: Important International Institutions Agencies and Fora • GS-III: Conservation Environmental Pollution Degradation • GS-III: Environmental Impact Assessment

Given the looming climate emergency threatening the developing world, discuss the ways in which RBI can help regulate climate risk.

The possibility of irreversible negative effects from climate change, some of which the world is already experiencing, looms large. The RBI’s Discussion Paper on Climate Risk and Sustainable Finance examines the impact of climate change on the financial sector. Link ..

Topics: GS-III: Economic Growth Development • GS-III: Conservation Environmental Pollution Degradation • GS-III: Environmental Impact Assessment

What are the advantages and challenges associated with the introduction of Sovereign Green Bonds?

Recently, the Union Minister for Finance & Corporate Affairs has approved the final Sovereign Green Bonds Framework of India. Sovereign Green Bonds will be issued for mobilizing resources for green projects. Advantages: The Framework follows in the footsteps of India’s ..

Topics: GS-III: Economic Growth Development • GS-III: Conservation Environmental Pollution Degradation

What is Clean Environment Cess? How has it performed and what is the way forward?

The clean environment cess or the green cess is a form of tax levied by the government with the purpose of environment conservation. It is a fiscal tool to reduce dependence on coal and other fossil fuels. It is in ..

Topics: GS-III: Conservation Environmental Pollution Degradation

In the light of November 3rd 2022 being observed as the first International Day for Biosphere Reserves, discuss the importance of biosphere reserves in conservation efforts. How can the world’s biosphere footprint be expanded?

A biosphere reserve is an international designation by UNESCO for representative parts of natural and cultural landscapes extending over a large area of terraced real or coastal/marine ecosystems or a combination thereof. Biosphere reserves: The biosphere reserve network was launched ..

Topics: GS-III: Conservation Environmental Pollution Degradation

What are the highlights of the Uttar Pradesh Bioenergy Policy 2022? What are challenges in its successful implementation?

The government of Uttar Pradesh has recently launched its Bioenergy policy 2022 with twin objectives of boosting the bio economy and reducing the dependence on fossil fuels, thereby moving towards the national target of net zero by 2070. Highlights of ..

Topics: GS-III: Infrastructure Energy Sector • GS-III: Conservation Environmental Pollution Degradation