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18/06/2021 - Indian Economy

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June 18, 2021

It is time to kick start concept of green print to convert India’s economy into a sustainability powerhouse. Do you agree with this view? Comment (200 Words)

Refer - Financial Express

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

3 comments
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Abdul hakkim 3 years

Please  review mam /sir

IAS Parliament 3 years

Try to add data to support your arguments and cut short way forward part. Keep Writing.

IAS Parliament 3 years

KEY POINTS

·        More than 100 countries have pledged net-zero greenhouse gas emissions in the next 30-40 years. G-7 members have said they would stop international financing of coal by next year for projects not fitted with carbon capture and storage technology.

·        The European Commission is expected to propose carbon border tariffs. The aim is to put EU firms on a par with competitors.

·        India must strongly highlight the failure of the larger polluters to meet their targets (for emission reduction and for climate finance).

·        It should also target the EU’s carbon tariffs proposal, building a coalition of other major economies opposed to the unilateral move and preparing a legal challenge at the WTO.

·        Equity means the playing field is intentionally tilted to account for historical responsibilities. If India waits to react on either front, it will be too late.

·        India will have to decarbonise until the economy adapting to climate shocks (many times worse than the pandemic). It should insist on greener credentials or by carbon tariffs in major export markets.

·        India will also have to transform itself to a industrial leader, balancing environment and economy aspects.

·        In order to have a sustainable environment, green print is necessary for the country, it can come through renewable energy market, green bonds, shifting towards green source of energy.

Pijush Kanti Khanra 3 years

Please, make a review sir/ ma'am .

Thank you.

IAS Parliament 3 years

Try to stick to word limit. Keep Writing.

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