Daily Current Affairs For UPSC IAS Prelims, 07 February 2023 Current Affairs For Civil Services

Daily Current Affairs For UPSC IAS Prelims 07 February 2023: We bring to you ”Daily Current Affairs For UPSC IAS Prelims” based on the principle of updating UPSC CSE aspirants with Most Important Daily Current Affairs For Civil Services. These Daily Current Affairs are prepared by our team in Bit Form/Abridged Form to save the precious time of UPSC Aspirants without compromising the quality. In Today’s Daily Current Affairs For UPSC IAS Prelims, 07 February 2023, we are covering below mentioned topics: Sharm El-Sheikh Implementation Plan, India’s Updated NDC, NAPCC, SAPCCs, EU’s Green Deal Industrial Plan(GDIP), etc.

What Is Sharm El-Sheikh Implementation Plan?

Sharm El-Sheikh Implementation Plan:

• Developed countries, in 2009, had committed to a climate finance mobilization goal of USD 100 billion per year, by 2020 to address the needs of developing countries.
• A new global climate pact – the Sharm el-Sheikh Implementation Plan – was agreed at the COP27 summit.
• It included a historic commitment by richer nations to give money to developing nations to help them recover from the damage and economic losses wreaked from ongoing climate change impacts.
• The overarching decision titled Sharm El-Sheikh Implementation Plan, adopted by all countries at COP 27 in November, 2022, noted with serious concern that the goal of developed country Parties to mobilize jointly USD 100 billion per year by 2020 has not yet been met, and further urged developed country Parties to meet the goal.

India’s In our LiFEtime Campaign Launched at COP 27, Sharm El-Sheikh

What Is India’s Updated NDC?

India’s Updated NDC:

• Under the Paris Agreement, India has submitted its updated Nationally Determined Contribution (NDC) demonstrating higher ambition in its climate action.
• The updated targets in India’s NDC include:
  • Reducing emissions intensity of its GDP by 45% by 2030 from 2005 levels;
  • Achieving about 50% cumulative electric power installed capacity from non-fossil fuel-based energy resources by 2030; and
  • Create an additional carbon sink of 2.5 to 3 billion tonnes of CO₂ equivalent through additional forest and tree cover by 2030 and propagating a healthy and sustainable way of living based on traditions and values of conservation and moderation, including through a mass movement for ‘LIFE’– ‘Lifestyle for Environment.

What Are NAPCC And SAPCCs?

About NAPCC

• The Government of India is implementing the National Action Plan on Climate Change (NAPCC), which is the overarching policy framework and comprises of national missions in specific areas of solar energy, enhanced energy efficiency, water, agriculture, Himalayan eco-system, sustainable habitat, green India, human health and strategic knowledge on climate change.

About SAPCCs

• Further, 34 States/Union Territories have prepared State Action Plans on Climate Change (SAPCCs) consistent with the objectives of NAPCC. Government has launched many schemes and programs to scale up India’s action on both adaptation and mitigation.

What Is India’s LT-LEDS?

India’s LT-LEDS:

• India submitted its Long-Term Low Emission Development Strategy to the United Nations Framework Convention on Climate Change (UNFCCC), during the 27th Conference of Parties (COP27).
• The Long-Term Low Emission Development Strategy was launched by the Union Minister for Environment, Forest and Climate Change, Shri Bhupender Yadav, who was leading the Indian delegation to COP 27, held at Sharm-el-Sheikh, Egypt from 6-18 November, 2022.
• As per India’s LT-LEDS (Long Term Low-Carbon Development Strategy) submitted to the UNFCCC in November, 2022, India’s vision of low carbon development is based on the need to ensure India’s high energy needs for development, including poverty eradication, achieving Sustainable Development Goals and economic growth.

What Is European Green Deal?

European Green Deal:

• On the sidelines of annual Madrid Climate talks 2019, the European Union had come up with an announcement on additional measures it would take on climate change. It was Called the European Green Deal.
• Through European Green Deal, The EU had promised to bring a law, binding on all member countries, to ensure it becomes “climate neutral” by 2050.

What is Climate neutrality?

• Climate neutrality, sometimes also expressed as a state of net-zero emissions, is achieved when a country’s emissions are balanced by absorptions and removal of greenhouse gases from the atmosphere.
• Absorption can be increased by creating more carbon sinks like forests, while removal involves technologies like carbon capture and storage.

What Is EU’s Green Deal Industrial Plan(GDIP)?

EU’s Green Deal Industrial Plan(GDIP):

• The European Union on February 1, 2023 come up with “Green Deal Industrial Plan”.
• The European Union(EU) has introduced a ‘Green Deal Industrial Plan’ to expand its environment-friendly and energy-conservative ways of business and trading.
• The Green Deal Industrial Plan by the EU has come just a few months after the United States announced its Inflation Reduction Act (IRA), which contains billions of dollars of tax cuts for clean energy and climate change programs with incentives for US-based manufacturing.
• The EU members have claimed that IRA’s tax credits and subsidies to green product makers would put European companies at a disadvantage and might lure them to the United States.
• According to European Commission(which looks over and is responsible for the trade policy of the commission), the ‘Green Deal Industrial Plan’ primarily consists of these footsteps:
  • Regulatory Framework
  • Faster access to funds
  • Enhancement of skills 
  • Improvement in the trade network.

What Is Green Deal Industrial Plan Proposed By EU?

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