GS SCORE

17th November 2022 (7 Topics)

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17th November 2022

Mains Question:

Q. What is Carbon border adjustment tax? Discuss in detail the issues raised by developing countries and how it will distort the trade balance between the countries if implemented?

Approach:

The question is analytical and conceptual in nature.

Introduce the Carbon border adjustment tax and discussions related to it.
Describe the key points related of this tax

Question Mapping

Subject: Environment (GS-III)
Sub-topic: Environmental Governance

Imposing Carbon Levies
Similar Proposals from USA
Emissions Trading System of EU
Carbon Pricing Instruments
Disincentivize Carbon Extensive Goods
Digital Certificates

Discuss the causes behind its imposition
Mention the issues raised by the countries
- Response of the BASIC Countries
- Impact on India
- Non-Consensual with Rio Declaration
- Change in the Climate-Change Regime
- Protectionist Policy
Discuss the way forward
Conclusion

Editorials

G20 presidency: An opportunity for India to assume leadership of the Global South

International Relations

Context:

In an address to the G20 Leaders’ Summit in Bali, the Indian PM acknowledges the growing importance of the new world, looking to reform multilateral institutions.

New World Order

Failure to reform multilateral institutions: Due to a lack of global consensus on the way forward, institutions like the UN have failed to deliver on many occasions.
Fault-lines: The world is divided over the situation in Ukraine. For developing nations, the consequences of food, energy, and fertilizer shortages are the primary concern.
G20 Presidency: It provides an opportunity for India to assume the mantle of a peace-maker on behalf of the Global South at times when the UN is lacking credibility.

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GS Analyst: Daily Current Affairs

17th November 2022 (7 Topics)

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GS Analyst: Daily Current Affairs

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