With commercial aviation contributing about 2.4% of the total CO2 emissions from fossil fuel use globally, the need for sustainable and environmentally friendly solutions within the aviation sector is undeniably urgent. As India’s aviation industry continues to grow, it is essential that we actively seek to reduce our carbon footprint in the skies. Learning from […]
The urgent need to address climate change is more pronounced now than ever before. Recognizing this need, the Parties to the United Nations Framework Convention on Climate Change (UNFCCC) established the Green Climate Fund (GCF) in 2010. The GCF embodies a global commitment to support climate-resilient development, serving as a conduit for mobilizing and allocating […]
The Paris Agreement has been a landmark in international climate policy, introducing several novel tools and mechanisms designed to aid global efforts to limit global warming. Article 6.4 is one such mechanism, devised to enhance the flexibility of climate action and promote sustainable development. Its implementation has been a subject of intense discussions, and COP26 […]
The Paris Agreement, adopted in 2015, has been a game changer in international climate diplomacy. With its ratification, 195 nations have committed to the mitigation of greenhouse gas emissions with the goal of limiting global warming to well below 2 degrees Celsius, preferably 1.5 degrees, compared to pre-industrial levels. One of the critical, yet lesser […]
Water Quality and Access Credits are another type of environmental incentive under the Green Credit Programme. These credits are designed to encourage activities that improve water quality, promote efficient water use, and enhance access to clean water. Entities can earn these credits by undertaking projects or initiatives that demonstrably improve water quality or access beyond […]
The Budget 2023 has made several key announcements regarding India’s green growth agenda. Among these, the establishment of regulations for the Green Credits Programme, governed by the Environmental Protection Act, stands out as a significant initiative. This programme aims to mitigate climate change, build adaptive capacity, improve the overall state of the environment, and encourage […]
Introduction: Thermal power plants have played a crucial role in meeting the energy demands of India, a rapidly developing nation with a substantial population. These power plants, which generate electricity by burning fossil fuels such as coal, oil, or natural gas, have been the backbone of India’s power sector for several decades. This article aims […]
“In conclusion, it’s critical to recognize the influential role that the G20, and specifically India’s leadership, can play in advancing climate finance. India’s ongoing presidency in the G20 presents a golden opportunity to direct global attention towards these urgent matters. India, as a developing country, has firsthand experience of the challenges faced by similar nations […]
Concern Example/Case Study Indian Case Study Fulfillment of Commitments Developed countries pledged $100 billion annually by 2020 but fell short. India’s Perform, Achieve and Trade (PAT) scheme aimed at improving energy efficiency in industries. As per the Shakti Foundation’s report, the first PAT cycle led to energy savings of 8.67 MTOE (Million Tonne of Oil […]
Past financial commitments towards environmental initiatives by developed nations have often come under scrutiny due to issues related to their implementation, delivery, and overall effectiveness. In designing a global fund for climate and biodiversity, the following concerns should be addressed:
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