Roadmap for Answer Writing 1. Introduction Purpose: Introduce the longstanding friendship between India and Sri Lanka. Key Points: Highlight the cultural, economic, and political ties between the two nations. State that India’s role in Sri Lanka’s recent crisis reflects this deep-rooted relationship. 2. Background: Reasons for ...
Model Answer The European Union's Carbon Border Adjustment Mechanism (CBAM), set to be implemented in 2026, aims to reduce carbon leakage by applying a carbon price to imports of high-carbon products from countries with less stringent climate policies. India, a significant exporter of carbon-intensiRead more
Model Answer
The European Union’s Carbon Border Adjustment Mechanism (CBAM), set to be implemented in 2026, aims to reduce carbon leakage by applying a carbon price to imports of high-carbon products from countries with less stringent climate policies. India, a significant exporter of carbon-intensive goods, could face several challenges:
- Trade Flow Disruptions: CBAM targets products like iron, steel, cement, aluminum, and fertilizers. Over 50% of India’s exports to the EU could be affected, disrupting key trade relationsStrained Trade Relations: The unilateral implementation of CBAM could lead to tensions between India and the EU, potentially escalating to disputes in global forums like the World Trade Organization (WTO) .
3.nce Costs and Competitiveness**: Indian exporters may face higher costs for monitoring, reporting, and verifying emissions. Small and Medium Enterprises (SMEs), integral to India’s industrial landscape, could struggle with the added financial burden .
Steps Indi to Mitigate the Effects
To mitigate these challenges, India can adopt the following strategies:
- Mobilizing International Support: India could join forces with other developing nations affected by CBAM to voice concerns at platforms like the WTO, pushing for a more equitable approach to climate-related trade policies .
- Policy and Regunges: Aligning domestic policies with CBAM requirements, such as enhancing carbon efficiency in production, could help India stay competitive. For instance, integrating decarbonization principles into the National Steel Policy (2017) would be a proactive step .
- Promotion of Carbon Tradingcan develop a carbon trading system similar to the EU’s Emissions Trading System (ETS). This would help reduce the carbon intensity of exports, potentially lowering CBAM-related costs. India could also leverage Renewable Energy Certificates (RECs) to demonstrate reduced emissions .
- **Negotiating Technology Transfer and *: Engaging with the EU to secure clean technology transfers and financial support would enable India to improve the carbon efficiency of its industrial sectors. A portion of CBAM revenue could be allocated to support India’s climate goals .
By focusing on these measures, India can protect interests, promote cleaner production, and work towards its long-term sustainability and development goals.
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Model Answer Introduction India and Sri Lanka share a long-standing friendship, characterized by deep cultural, economic, and political ties. In light of the recent crisis in Sri Lanka, India’s response has been shaped by this relationship, providing support in areas such as COVID-19 assistance, ecoRead more
Model Answer
Introduction
India and Sri Lanka share a long-standing friendship, characterized by deep cultural, economic, and political ties. In light of the recent crisis in Sri Lanka, India’s response has been shaped by this relationship, providing support in areas such as COVID-19 assistance, economic challenges, and diplomatic engagement.
Background: Reasons for the Crisis in Sri Lanka
Ethnic Tensions
Sri Lanka has faced persistent ethnic tensions, particularly between the majority Sinhalese and the minority Tamil communities. Historical discrimination against Tamils in education, employment, and government representation has fueled discontent.
Civil War Legacy
The 26-year civil war with the Tamil Tigers, which ended in 2009, left profound scars and divisions within the country. The aftermath has led to ongoing political power struggles and instability.
Economic Challenges
High levels of debt, unemployment, and systemic corruption have exacerbated economic instability. The COVID-19 pandemic further worsened these challenges, impacting livelihoods and governance.
International Pressure
The international community’s calls for accountability regarding human rights abuses during the civil war have complicated reconciliation efforts.
India’s Role During the Crisis
COVID-19 Assistance
India has provided essential medical supplies and equipment to bolster Sri Lanka’s COVID-19 response, demonstrating its commitment to the health of its neighbor.
Economic Support
India extended lines of credit and financial assistance to help Sri Lanka navigate its economic challenges, reflecting a proactive approach to regional stability.
Diplomatic Engagement
Through the India-Sri Lanka Joint Commission, India has engaged in diplomatic efforts aimed at fostering stability and reconciliation in Sri Lanka.
Defense Cooperation
India has collaborated with Sri Lanka to enhance defense capabilities, particularly in maritime security, ensuring regional safety.
Cultural Ties
India supports cultural exchanges and preservation efforts, reinforcing the strong cultural bonds that exist between the two nations.
Conclusion
India has played a crucial role in supporting Sri Lanka during its recent crisis, demonstrating the depth of their bilateral relationship. To ensure long-term stability, India should continue to advocate for reconciliation and economic development in Sri Lanka while respecting its sovereignty.
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