Describe in detail global warming, climate change and its impact on economy with reference to carbon credit system and green economy in India.
Balancing global energy demand with the need to reduce carbon emissions and combat climate change while ensuring energy access for developing countries is a tough ask. Transition to Renewable Energy: -Scale up: Rapidly deploy solar, wind, geothermal and hydropower. -Grid modernization: Invest in smaRead more
Balancing global energy demand with the need to reduce carbon emissions and combat climate change while ensuring energy access for developing countries is a tough ask.
Transition to Renewable Energy:
-Scale up: Rapidly deploy solar, wind, geothermal and hydropower.
-Grid modernization: Invest in smart grids and energy storage (batteries, pumped hydro) as renewables increase.
Energy Efficiency:
Improve energy efficiency: Implement policies and technologies to improve energy efficiency in buildings, transport and industry. This includes energy efficient appliances, building insulation and electrification of transport.
Nuclear Power:
-Advanced nuclear: Take advantage of advanced nuclear technologies (small modular reactors) to provide low carbon baseload power.
Carbon Capture and Storage (CCS):
Deploy CCS: Invest in carbon capture and storage to reduce emissions in existing fossil fuel power plants and industrial processes.
SDGs
Ensure universal access to energy for all. It’s one of the SDGs we need to act on apart from climate.
Energy equity: Make sure the benefits of this transition are more equitably shared particularly between developing countries.
International Cooperation:
International cooperation: Promote international cooperation in research, development and deployment of clean energy technologies and technology transfer to developing nations.
Financial support: Developed nations may provide financial and technical assistance to help developing nations transition to clean energy and deal with climate change impacts.
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Global Warming: Global warming is the rise in an average temperature of earth’s atmosphere and oceans. It is primarily caused by increasing concentration of greenhouse gases produce by human activities such as burning of fossil fuel and deforestation. Climate Change: India having huge development prRead more
Global Warming:
Global warming is the rise in an average temperature of earth’s atmosphere and oceans. It is primarily caused by increasing concentration of greenhouse gases produce by human activities such as burning of fossil fuel and deforestation.
Climate Change:
India having huge development priorities will be adversely affected by climate change, in terms of availability of fresh water, low ground water recharge, food production, ocean acidification, increased vector born and water borne diseases with impact on human health, agriculture, water resources, natural eco systems, and biodiversity.
Impact on Economy:
1.The Green Economy responds to global economic, social and financial crises by reallocating natural, social and financial capital into creating benefits for economic development, social equity and environmental protection. Reconciliation of short-term versus long-term priorities by adopting resource-efficient and less polluting pathway enable the countries to leapfrog the usual development trajectory avoiding future costs.
2.Most selling carbon credits so far includes renewable energy, energy efficiency measures in several sectors as well as the reduction of industrial gases that contribute to climate change. A carbon credit, licenses the owner to emit one tons of carbon dioxide in year. Carbon credits provides an incentives to reduce greenhouse gases effect emission on an industrial scale and are key components of national and international emissions trading schemes that have been implemented to mitigate global warming.
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