DPN Topics
Carbon Border Adjustment Mechanism Subject : Environment Context : India, China, Brazil, South Africa opposed ‘carbon border tax’ proposed by European Union in the 27th edition of the Conference of Parties (COP) in Sharm El Sheikh. Concept : The European Union has proposed a policy — called the Carbon Border Adjustment Mechanism — […]
Road to net-zero status Subject: Environment India’s strategy for achieving Net-Zero status- A year after announcing its intention to achieve a net-zero emission status by 2070, India on Monday told the world how it was going to reach there. In a 121-page document, India listed some of the measures — decarbonising of electricity […]
China; other large economies must also pay for loss and damage: EU Subject : Environment Context- Supporting the demand first put forward by the small island countries, the European Union asserted that China must also be asked to contribute towards loss and damage finance, a new funding mechanism that is proposed to be […]
Double standards on fossil fuel, backtracking on pledges: BASIC fires shots at wealthy countries at COP27 Subject : Environment At COP27- UNFCCC- The bloc of four large newly industrialised countries, Brazil, South Africa, India and China, also known as BASIC, have put pressure on developed countries, alleging they have not shown leadership, backtracked […]
Extreme weather hits economies, hurts Asia most: WMO report Subject : Environment Context- Economic losses incurred by Asian countries due to natural disasters have increased manifold as climate change has made these events more frequent. Details- In 2021, at least 48.3 million people in Asia were affected by over 100 natural hazards, which […]
COP27: Kolkata presents climate action roadmap, announces city-level summit Subject : Environment Context- Kolkata presented a report on its climate vulnerability as well as actions taken for mitigation and adaptation during a meeting at the 27th Conference of Parties (COP27) to the United Nations Framework Convention on Climate Change being held at Sharm […]
How climate-induced disasters are creating a new dynamic of migration Subject : Environment Context- Disasters, mostly weather-related and potentially due to climate change, are displacing more people than wars and conflicts. Internal migration is picking up:216 million people will move within their countries by 2050, says a World Bank estimate. Climate- change induced […]
Sub-Committee of the Financial Stability and Development Council Subject : Economy Context : Members of the Sub-Committee of the Financial Stability and Development Council (FSDC-SC) resolved to remain vigilant and proactive to ensure that financial markets and financial institutions remained resilient. Concept: Financial Stability and Development Council (FSDC) It is a non-statutory apex […]
Evergreening of patents Subject: Science and Technology Context: India is unlikely to agree to a British demand for evergreening of patented medicines under the UK-India free trade agreement. Concept: Evergreening is the practice of companies filing for an extension of a patent with minor process or product modifications just before the original patent […]
Vostro Account Subject: Economy Why in the news? The government announced that nine special Vostro accounts have been opened with two Indian banks after permission from the RBI. Details: It aims to facilitate trade in rupee in the wake of sanctions on Russia. Vostro account? A Vostro account is an account that a […]