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GS Paper 3: Syllabus: Conservation related issues. Context: India is likely to face an uphill battle if it goes ahead with its first sovereign green bond sale as it aims to issue the securities in rupees, putting off most overseas investors. What’s the issue? The timing might not be ideal for India though, …
GS Paper 3: Syllabus: Conservation related issues. Context: India, being a tropical country, has a significant edge in green hydrogen production due to its favourable geographical conditions and abundant natural resources. Therefore, at the recently held World Economic Forum in Davos, Switzerland, India said it will emerge as the leader of green hydrogen by …
GS Paper 3 Topics Covered: Conservation related issues. Context: A recent audit report of the Comptroller and Auditor General (CAG) has pointed out illegal construction and violations of environmental norms in two Ramsar sites in West Bengal, the East Kolkata Wetlands (EKW) and the Sunderbans. What’s the issue? There were illegal constructions in …
GS Paper 3: The ‘Scheduled Tribes and Other Traditional Forest Dwellers (Recognition of Rights Act)’: Context: Ignoring the law that stresses that original inhabitants, traditional forest dwellers and Adivasis must not be evicted from Tiger Reserves, the MoEFCC, has recently simply stated that they will be rehabilitated so that they do not lose their …
GS Paper 3: Topics Covered: Conservation related issues. Context: Indian Oil Corporation (IOC), Larsen & Toubro (L&T), and ReNew Power (ReNew) have signed a binding term sheet to set up a Joint Venture (JV) company to develop the green hydrogen sector in India. The Joint Venture will aim to supply green hydrogen at an …
GS Paper 3: Topics Covered: Conservation related issues. The ‘Scheduled Tribes and Other Traditional Forest Dwellers (Recognition of Rights Act)’: Context: The Himachal Pradesh government has said that it settled 164 claims filed under Section 3(1) and 1,811 cases filed under Section 3(2) of the Forests Rights Act (FRA), 2006. About the …
GS Paper 3: Topics Covered: Conservation related issues. Context: India, being a tropical country, has a significant edge in green hydrogen production due to its favourable geographic conditions and abundant natural resources. Producing hydrogen from renewables in India is likely to be cheaper than producing it from natural gas. Need for: The vast …
GS Paper 3: Topics Covered: Conservation related issues. Context: Energy giants like Russia and Saudi Arabia have been looking for a slice of the rising market in India. As per the estimates of the Organisation of the Petroleum-Exporting Countries (Opec), world oil demand will rise from 96.44 million barrels per day (mb/d) in 2021 …
Continue reading “Why does India need a transition strategy away from fossil fuel?”
GS Paper 3: Topics Covered: Infrastructure- energy. Context: Finance Minister Nirmala Sitharaman in her Budget speech announced that the government proposes to issue sovereign green bonds to mobilise resources for green infrastructure. The proceeds will be deployed in public sector projects which help in reducing the carbon intensity of the economy. Now, the government …
GS Paper 3: Topics Covered: Conservation related issues. Context: When is it celebrated? 2nd Feb Every Year. Significance: The day also marks the anniversary of the signing of the Convention on Wetlands of International Importance (Ramsar Convention) in Ramsar, Iran, on 2 February 1971. Protection: Wetlands are currently protected under different designations, including the …
GS Paper 3: Topics Covered: Conservation related issues. Context: The Centre is planning to use the green hydrogen fuel from wastewater by using solar energy. It is possible by using electrolyzers. How this can be achieved? By segregation of solid waste management using the rooftop solar, we can make green hydrogen with the …
GS Paper 3: Topics Covered: Conservation related issues. Context: State Bank of India, the country’s largest commercial bank, has dual listed its $650 million green bonds simultaneously on the India International Exchange (India INX) and Luxembourg Stock Exchange (LuxSE). This dual listing is in line with this year’s topic of World Investor Week, ‘Sustainable Finance’, …
GS Paper 3: Topics Covered: Conservation related issues. Context: Corporate green-bond issuance has reached new highs as U.S. companies including chip maker Micron Technology Inc., retailer Walmart Inc. and data-center company Equinix Inc. add the bonds as part of larger traditional bond offerings. Need for: The increasing issuance of green bonds, which finance …
Topics Covered: Conservation related issues Context: The President of India has empowered (under clause (1) of Article 239 of the Constitution) the Lieutenant Governor of Ladakh to exercise the powers and discharge the functions of the State Government under the Scheduled Tribes and Other Traditional Forest Dwellers (Recognition of Forest Rights) Act, 2006 …
GS Paper 3 Topics Covered: Conservation related issues. Context: The United Nations Environment Programme’s (UNEP) latest Production Gap Report has revealed that 15 of the top fossil fuel producing countries, including India, are not prepared to meet the requirements of the 2015 Paris Climate Agreement. Paris Agreement seeks to keep global warming “well below 2 …
Continue reading “India’s fossil fuel production exceeds Paris Agreement goals:”
GS Paper 3: Topics Covered: Conservation related issues. Context: As per the latest findings, continuous loss of biodiversity is observed across the shorelines of settlement zones in Indian Sundarbans. Issues and challenges: Small patches of mangroves are being lost gradually and quietly due to their indiscriminate destruction for either coastal development or short-term gains. …
Continue reading “Sundarbans threatened by human activities:”
GS Paper 3 Topics Covered: Conservation, environmental pollution and degradation, environmental impact assessment. Context: The Ministry of Environment, Forest and Climate Change in its pursuit of “Sustainable Development” of the coastal regions of India embarked upon a highly acclaimed & flagship program Beach Environment & Aesthetics Management Services (BEAMS). What is it? BEAMS is …
Continue reading “Beach Environment & Aesthetics Management Services (BEAMS)”
GS Paper 3 Topics Covered: Conservation related issues. Global Ozone Day: Context: World Ozone Day is celebrated on 16th September each year to commemorate the signing of the Montreal Protocol. This international environmental treaty for phasing out of production and consumption of Ozone Depleting Substances came into force on this day in 1987. The Day …
GS Paper 3 Topics Covered: Conservation related issues. Context: Power Finance Corporation Ltd (PFC), the leading NBFC in power sector, has successfully issued its first ever Euro Green Bonds. It is the first ever Euro denominated Green bond issuance from India. Moreover, it is the first ever Euro issuance by an Indian NBFC and the …
GS Paper 3 Topics Covered: Conservation related issues. Context: Individual and community right certificates were recently handed over to the beneficiaries of Gujjar-Bakerwal and Gaddi-Sippi communities in Jammu and Kashmir under the Forest Rights Act. The Act is being implemented from December 1, 2020. Before 2019, many Central laws were not implemented in Srinagar. …
