Bhushan Deshmukh Sir's History

🔆 India Showcases Carbon Credit Trading Scheme at WTO Trade and Environment Week 2026 📍 Why in Focus? ✅ India showcased its Carbon Credit Trading Scheme (CCTS) and Renewable Energy Standardisation Framework during the WTO Trade and Environment Week 2026 in Geneva, highlighting its progress in climate action and clean energy transition. 📍 Key Highlights: ✅ India highlighted its achievements under the Paris Agreement and Nationally Determined Contributions (NDCs), with non-fossil fuel-based installed electricity capacity reaching 53.21% (March 2026), surpassing the 2030 target ahead of schedule. ✅ India’s emissions intensity of GDP declined by 37.38% between 2005 and 2022, exceeding the NDC target of 33–35% reduction by 2030. ✅ The Carbon Credit Trading Scheme (CCTS) aims to establish a national electronic carbon market, using market-based instruments to incentivise greenhouse gas emission reductions and support a low-carbon economy. ✅ India presented progress under the National Green Hydrogen Mission, including standards and certification frameworks for Green Hydrogen, enhancing transparency, credibility, and investor confidence. ✅ The event underscored India’s commitment to the principles of Equity, Common but Differentiated Responsibilities and Respective Capabilities (CBDR-RC), and sustainable development while pursuing economic growth. 📍 Challenges / Issues / Implications: ✅ Developing a robust and credible carbon market requires strong monitoring, verification, and compliance mechanisms. ✅ Trade-related climate measures and unilateral environmental regulations may create challenges for developing countries in global trade. ✅ Scaling renewable energy and green hydrogen infrastructure will require substantial investments, technological innovation, and international cooperation.

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Essay Paper UPSC MAINS 2025