Working towards climate justice in a non-ideal world (The Hindu, GS-3, Environment)

12 Mar Working towards climate justice in a non-ideal world (The Hindu, GS-3, Environment)

Issue:- Developed countries are not paying for the emission they have done in the past.

• • Recently raghuram rajan said about the climate financing
    • Countries must contribute to global funds over and above the emission they are allowed.

• Why do we need climate financing

• • • Common but differentiated responsibilities.
    • Developing countries must be allowed for emission as they did not reach that developmental stage.
    • Climate financing will provide R&D and technology improvement.
    • It will increase funding, dis-incentivise the coal power plant.
    • Moving towards renewable.
    • Moving away from carbon producing products and towards carbon capture products.
  • Some carbon capture technology
    • Carbon capture and storage 
    • CO2 transportation.
    • Geological storage.

• Why do we need to solve climate issues

• • It is the matter of humanity’s existence.
  • It will secure earth’s ecosystem, preserve biodiversity etc.
    

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Swarn Singh

Plutus IAS Current Affair Team Member