Poor of a country emits less, lose more: New paper calls for progressive taxes for ‘polluting elites’

GS Paper 3 Syllabus: Environment, Conservation   Source: DTE  Context: According to the Climate Inequality Report 2023, low and middle-income countries are disproportionately impacted by climate change even though they emit less GHGs than their richer counterparts.   Findings of the report: 48% of emissions are from the top 10% of emitters, having 76% capacity …

G20:

GS Paper 2: Topics Covered: Important International Institutions.   Context: US Treasury Secretary Janet Yellen and her counterparts from the mostly western bloc recently walked out of a G20 finance boffins session as Russian officials began to speak. This was a boycott — to protest Moscow’s war on Ukraine. However, these countries were not joined …

G20 Summit:

GS Paper 2: Topics Covered: Important international institutions and groupings.   Context: The Union Cabinet has set in motion the process to build a Secretariat that will look after the affairs of organising the G20 summit in 2023. India will steer the international body as its President from December 1, 2022 to November 30, 2023, …

G20 Summit:

GS Paper 2: Topics Covered: Important international institutions and groupings.   Context: 2021 G20 Summit was held in Rome, Italy.   Objectives of the summit: The Group of 20 countries, which represent more than three-quarters of the world’s greenhouse gas emissions, had been looking for common ground and solid commitments on how to reduce emissions while …

World Airlines Commit To Net Zero Carbon Emissions By 2050

GS Paper 3 Topics Covered: Conservation related issues.    Net Zero Carbon Emissions Context: The International Air Transport Association (IATA) 77th Annual General Meeting approved a resolution for the global air transport industry to achieve net-zero carbon emissions by 2050. This commitment will align with the Paris Agreement goal for global warming not to exceed 1.5°C. …