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A distinct global carbon incentive scheme can drive every nation to alleviate the costs of climate change. Analyse.

Topic: Conservation, environmental pollution and degradation, environmental impact assessment.

5. A distinct global carbon incentive scheme can drive every nation to alleviate the costs of climate change. Analyse. (250 words)

Reference:  Live Mint

Why the question:

The article explains that with President Joe Biden’s administration recommitting the United States to the Paris climate agreement, and with a major United Nations climate-change conference (COP26) coming later this year, there is new hope for meaningful global policies to meet the challenge .

Key Demand of the question:

Discuss the need and importance of a distinct global carbon incentive scheme.

Directive:

AnalyzeWhen asked to analyse, you have to examine methodically the structure or nature of the topic by separating it into component parts and present them as a whole in a summary.

Structure of the answer:

Introduction:

Start with brief background of the question.

Body:

The answer body must explain the importance of global climate change and need to mitigate the same globally.

Discuss the importance of global carbon incentive scheme – The economic solution is simple: a global carbon incentive (GCI). Every country that emits more than the global average of around five tonnes per capita would pay annually into a global incentive fund, with the amount calculated by multiplying the excess emissions per capita by the population and the GCI.

Analyse in detail and suggest solutions.

Conclusion:

Conclude with importance.