The article published in the editorial section of the Hindu newspaper talks about the upcoming climate conference next week where countries from all over the world will gather in Baku, Azerbaijan, for the yearly two-week climate conference. This meeting brings together nations to improve global strategies for addressing climate change. The main goal is to keep global temperatures from rising more than 1.5°C above levels from before the Industrial Revolution. To achieve this, scientists say greenhouse gas emissions need to reach their highest point by 2025 and then fall by 43% by 2030. However, when all current pledges from different countries are added up, they only aim for a 2.6% reduction by 2030—far less than what’s required.
One challenge is that wealthier countries are hesitant to make big sacrifices in their lifestyles while developing countries want to grow their economies and improve living standards. The ideal solution would be for developing countries to get richer without relying heavily on fossil fuels, but renewable energy is often costly and requires a lot of land, making this switch challenging and often controversial.
Back in 2009, developed countries promised to provide $100 billion every year by 2020 to help developing countries adopt cleaner energy sources, a pledge known as “climate finance.” However, there’s been ongoing confusion over what exactly counts as “climate finance,” and delays in setting up systems to deliver this money have caused frustration among developing nations, who feel this commitment hasn’t been fulfilled. According to the 2016 Paris Agreement, countries are supposed to come up with a new, increased financial goal by 2025, using the $100 billion as a baseline. But there’s a debate on whether major emitters like China and India, despite being developing nations, should also contribute financially because of their large economies and emissions levels.
The topic of carbon markets is also expected to be central in Baku. Carbon markets are systems where wealthy countries or companies can fund renewable energy or carbon-offset projects in developing nations, earning credits they can trade to balance out their own emissions. However, setting up clear rules for measuring and tracking these credits has proven to be a difficult task.
Climate talks have earned a reputation for being filled with complex legal debates and slow-moving negotiations, often pushing the real goal of cutting emissions further out of reach. Many believe it’s now crucial to focus on actual, impactful actions rather than just more discussions and fine-tuning.
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The Editorial Page of The Hindu is an essential reading for all the students aspiring for UPSC, SSC, PCS, Judiciary etc or any other competitive government exams.
This may also be useful for exams like CUET UG and CUET PG, GATE, GMAT, GRE AND CAT
To read this article in Hindi –https://bhaarat.hellostudent.co.in/