Why does India need a transition strategy away from fossil fuel?

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 …

India’s fossil fuel production exceeds Paris Agreement goals:

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 …

Impact of fossil fuel extraction on global warming: 

GS Paper 3 Topics Covered: Conservation related issues.    Context:  According to a new study (published in the journal Nature), global fossil fuel extraction needs to go down to keep global warming to below 1.5 degrees Celsius, which is the target set by the 2015 Paris Climate Agreement.    Key findings:  The global oil and gas …

Financial and technological commitments under UNFCCC and Paris agreement

Topics Covered: Conservation, environmental pollution and degradation, environmental impact assessment. Financial and technological commitments under UNFCCC and Paris agreement The fourth edition of the virtual Ministerial on Climate Action was recently held. The meeting was co-chaired by European Union, China and Canada. Outcomes of the meet: Developed country parties were called upon to do their part …