What distinguishes water stress from water scarcity? Draw attention to the problem of water stress in India and offer solutions. (Answer in 200 words)
Model Answer Reducing Greenhouse Gas (GHG) Emissions Carbon trading is a key mechanism in addressing climate change by reducing GHG emissions. It provides a market-based solution where entities that exceed their emissions targets can buy credits from those who reduce their emissions, creating financRead more
Model Answer
Reducing Greenhouse Gas (GHG) Emissions
Carbon trading is a key mechanism in addressing climate change by reducing GHG emissions. It provides a market-based solution where entities that exceed their emissions targets can buy credits from those who reduce their emissions, creating financial incentives for emission reductions. For example, trading in sulfur dioxide permits successfully helped reduce acid rain in the U.S. Carbon trading systems have been adopted globally, covering over 21% of global emissions by 2021, up from 15% in 2020-Effectiveness and Flexibility**
Carbon trading is often more cost-effective than imposing direct regulations or taxes on emissions, allowing industries to meet emissions targets without the heavy burden of direct control measures. This flexibility helps reduce the overall societal costs of combating climate change .
Alih the Paris Agreement
Carbon markets align with Article 6 of the Paris Agreement, encouraging international cooperation by facilitating the trade of carbon credits. This fosters a collective global effort to achieve emissions reduction goals .
Promoting Innd Financial Benefits
The system incentivizes industries to innovate and adopt cleaner technologies to reduce emissions. It also offers financial rewards for entities that emit less than their allowed limits by enabling them to sell unused credits .
Key Features oon Credit Trading Scheme (CCTS) 2023
Governance and Oversight
The Ministry of Power has set up the CCTS framework to regulate carbon markets in India. The National Steering Committee (NSC), led by the secretaries of Power and Environment, provides direct oversight of the Indian carbon market .
Role of Bureau of Energy Effic)
BEE will administer the carbon market, setting emission reduction targets, issuing carbon credit certificates, and accrediting carbon verification agencies .
Regulatory Bodies and Functions
- Tntroller of India Limited will act as the registry for the Indian carbon market.
- The Central Electricity Regulatory Commission will regulate trading activities .
The CCTS 2023 is an essential step in India’s climgy, helping to integrate domestic efforts with global initiatives for climate mitigation.
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Water scarcity and water stress, though related, have distinct meanings. Water scarcity is an absolute shortage of water resources to meet a region's needs. It occurs when the demand surpasses the available supply. Water stress, however, refers to the challenges in accessing water due to factors likRead more
Water scarcity and water stress, though related, have distinct meanings. Water scarcity is an absolute shortage of water resources to meet a region’s needs. It occurs when the demand surpasses the available supply. Water stress, however, refers to the challenges in accessing water due to factors like inadequate infrastructure, pollution, and overuse, even if water resources are theoretically adequate.
India faces severe water stress, driven by rapid population growth, urbanization, and agricultural demands. Overextraction of groundwater and contamination of water bodies exacerbate this issue, leading to significant shortages that impact millions.
To address water stress in India, several measures can be implemented:
By implementing these strategies, India can alleviate water stress and secure a more sustainable water future.
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