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A carbon price that starts low and rises steadily could help India reach its targets under the Paris climate accord and also achieve net zero in the long run. Critically examine.

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

6. A carbon price that starts low and rises steadily could help India reach its targets under the Paris climate accord and also achieve net zero in the long run. Critically examine. (250 words)

Difficulty level: Moderate

Reference: Indian Express

Why the question:

As climate change bakes the planet, dozens of nations and many local governments are putting a price tag on greenhouse gas emissions that are increasing flooding, droughts and other costly catastrophes.

Key Demand of the question:

To write about need of carbon pricing regime to tackle climate change.

Directive word: 

Critically examine – When asked to ‘Examine’, we have to look into the topic (content words) in detail, inspect it, investigate it and establish the key facts and issues related to the topic in question. While doing so we should explain why these facts and issues are important and their implications. When ‘critically’ is suffixed or prefixed to a directive, one needs to look at the good and bad of the topic and give a fair judgment.

Structure of the answer:

Introduction: 

Begin by defining carbon pricing.

Body:

First, in brief, explain the as to how the carbon pricing mechanism works. Cite examples to substantiate.

Next, write about the role of carbon pricing in tackling climate change – Carbon pricing helps express carbon emissions in monetary terms, shift the burden for the damage back to those who are responsible for it, helps identify revenue opportunities and risks to reduce costs, emissions and guide capital investment decisions.

Next, write about the limitations associated with carbon pricing – cost of business, low incentives for developing countries etc.

Conclusion:

Conclude by writing a way forward to overcome the concerns.