Topic: Conservation, environmental pollution and degradation, environmental impact assessment.
5. The carbon emissions trading mechanism can function as a policy instrument for managing greenhouse gas emissions, aiming to lower emissions and keeping the costs of overall emissions reduction at a minimum through market transactions. Critically examine. (250 words)
Difficulty level: Moderate
Reference: Insights on India
Why the question:
The question is part of the static syllabus of General studies paper – 3 and mentioned as part of Mission-2023 Secure timetable.
Key Demand of the question:
To write about carbon market and India’s potential in using it to fight 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 market.
Body:
In the first part, in detail, write about the structure and functioning of carbon market and its brief history.
Next, write about the potential of carbon markets in reducing carbon emissions and fighting climate change. Write the ways in which it would help. Substantiate with facts and examples.
Next, write about the challenges and limitations associated with carbon markets in India. Mention ways to overcome them.
Conclusion:
Conclude by writing a way forward.
