Climate Finance: ‘Loss and damage’ fund

GS Paper 3  Syllabus: Environment Conservation   Source: TH  Context: In the face of the intensifying climate crisis, the focus has shifted towards the prominence of “adaptation” and “loss and damage” (L&D) in the climate crisis. Despite acceptance at COP 27, efforts to operationalize the L&D fund have faced significant challenges.   What is Climate …

Issues with the climate finance mechanisms

GS Paper 2 Syllabus: Effect of Policies and Politics of Developed and Developing Countries on India’s Interests   Source: IE  Context: The industrialised countries have not walked the talk of financing the climate mitigation and adaptation efforts of the poorer countries.    Why does the burden lie on industrialised countries? Historical responsibility A bulk of …

Who should pay for climate damage?

GS Paper 3 Syllabus: Environmental Conservation: Climate Finance   Source: TH Direction: This article will help to understand why developed countries are bound to compensate poor countries for climate damage and whether India is eligible to get this compensation. Do understand the ‘Carbon border tax’ and why India opposed it.   Context: While rich countries …

WMO Global Annual to Decadal Climate Update:

GS Paper 3: Topics Covered: Conservation related issues.   Context: The global annual to decadal climate update report was recently issued by the World Meteorological Organisation (WMO). The annual update harnesses the expertise of internationally acclaimed climate scientists and the best prediction systems from leading climate centres around the world to produce actionable information for …

The Climate finance has remained skewed towards mitigation, without ensuring a balance between adaptation and mitigation. Discuss the various mechanisms to achieve Climate finance.

Topic: Disaster and disaster management. 5. The Climate finance has remained skewed towards mitigation, without ensuring a balance between adaptation and mitigation. Discuss the various mechanisms to achieve Climate finance. (250 words) Difficulty level: Moderate Reference: The Hindu Why the question: Media reports have claimed that developed countries are inching closer to the target of …