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03/06/2021 - Environment

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June 03, 2021

A well-defined global carbon incentive scheme can push every nation to mitigate the consequences of climate change. Analyse (200 Words)

Refer - Livemint

Enrich the answer from other sources, if the question demands.

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IAS Parliament 3 years

KEY POINTS

·        The basic rationale is to create a UN administered Global Carbon Incentive Fund (GCIF) to which countries would contribute if their carbon emissions per capita are above the global average.

·        The least costly way to reduce global emissions would be to give every country similar incentives.

·        While India should not keep building more dirty coal plants as it grows, Europe should be closing down the plants it already has.

·        Countries below the global per capita average would receive a commensurate payout (Uganda, for example, would receive around $2.1 billion).

·        The GCI also would address the fairness problem. Low emitters, which are often the poorest countries and the ones most vulnerable to climatic changes they did not cause, would receive a payment with which they could help their people adapt.

·        GCI recognizes that what a country does domestically is its own business. It can easily be raised by common agreement.

·        But a GCI is by far the best option available. As rich countries cast about for remedies to domestic inequality, they should spare a thought for inequality between countries, which the pandemic and the unequal vaccine roll-out will only worsen.

 

Saurabh kasaudhan 3 years

Kindly review and provide suggestions for improvement

IAS Parliament 3 years

Good attempt. Keep Writing.

Tapasvi 3 years

Kindly review 

IAS Parliament 3 years

Good attempt. Keep Writing.

ANIL KUMAR RAM 3 years

Plzz review my answer

IAS Parliament 3 years

Try to include specific examples and data to support your arguments. Keep Writing.

K. V. A 3 years

Pls review

IAS Parliament 3 years

Good attempt. Keep Writing.

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