Topic: Government policies and interventions for development in various sectors and issues arising out of their design and implementation.
3. Explain the key policy changes recommended by the Reserve Bank of India (RBI) in its report to achieve net zero emissions by 2070 in India. How can these policy measures contribute to combating climate change and promoting sustainable economic growth? (250 words)
Difficulty level: Tough
Reference: Live Mint
Why the question:
The Reserve Bank of India (RBI) has released a report emphasizing the need for urgent policy changes in order for India to achieve net zero emissions by 2070.
Key Demand of the question:
To write about the major recommendation of RBI to achieve net zero while balancing growth and steps needed to achieve them.
Explain – Clarify the topic by giving a detailed account as to how and why it occurred, or what is the context. You must be defining key terms wherever appropriate and substantiate with relevant associated facts.
Structure of the answer:
Briefly mention the significance of achieving net zero emissions by 2070.
First, write about the RBI recommendation to Key Policy Changes for Achieving Net Zero Emissions – Transitioning to a Low-Carbon Economy, promoting renewable energy sources, Encouraging energy efficiency measures and Supporting electric mobility and clean transportation etc.
Next, write about the contribution of the above to Combating Climate Change and Sustainable Growth – Climate Change Mitigation and Promoting sustainable practices across sectors etc.
Conclude by writing a way forward.