{"id":34728,"date":"2022-11-20T02:17:41","date_gmt":"2022-11-19T20:47:41","guid":{"rendered":"https:\/\/vajiramandravi.com\/current-affairs\/?p=34728"},"modified":"2025-04-20T16:41:31","modified_gmt":"2025-04-20T11:11:31","slug":"thanks-to-namibia-for-cheetahs-india-abstains-on-ivory-trade-vote","status":"publish","type":"post","link":"https:\/\/vajiramandravi.com\/current-affairs\/thanks-to-namibia-for-cheetahs-india-abstains-on-ivory-trade-vote\/","title":{"rendered":"Thanks to Namibia for Cheetahs? India Abstains on Ivory Trade Vote"},"content":{"rendered":"<h3><strong>What\u2019s in today\u2019s article:<\/strong><\/h3>\n<ul>\n<li><strong>Key points of the draft decision<\/strong><\/li>\n<li><strong>Draft decision&#8217;s mitigating clause and India\u2019s influence on it<\/strong><\/li>\n<li><strong>Loss and damage points in the draft decision<\/strong><\/li>\n<li><strong>Concerns<\/strong><\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<h2><strong>Why In News:<\/strong><\/h2>\n<ul>\n<li>The draft decision text of the COP27 of the UN climate negotiations, which was just revealed, included<strong>\u00a0both of India&#8217;s important points in the mitigation clause<\/strong>.<\/li>\n<li>In addition, the draft agreement seemed to be on track to meet a crucial demand of developing countries by creating a new fund for<strong>\u00a0loss and damage<\/strong>.<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<h2><strong>Key points of the draft decision:<\/strong><\/h2>\n<ul>\n<li>No fossil fuel phase down is listed in the text<\/li>\n<li>Keep 1.5-degree Celsius goal alive<\/li>\n<li>Require a transformation of the financial system<\/li>\n<li>Urges counties to \u201csignificantly scale\u201d adaptation finance.\n<ul>\n<li>Since it misses the call to double financing, it\u2019s weaker than Glasgow pact (COP26).<\/li>\n<\/ul>\n<\/li>\n<li>Requests countries who haven&#8217;t done so to update and strengthen their climate plans before COP28<\/li>\n<li>Welcomes the new UN net zero rules for corporations<strong>\u00a0to stop greenwashing.<\/strong>\n<ul>\n<li>Greenwashing is the practice of making false claims in order to mislead consumers into believing that a company&#8217;s products are more environmentally friendly or have a higher positive environmental impact than they actually do.<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<h2><strong>Draft decision&#8217;s mitigating clause and India\u2019s influence on it:<\/strong><\/h2>\n<ul>\n<li><strong>Mitigation clause:<\/strong>\u00a0It now calls upon countries to &#8211;\n<ul>\n<li>Accelerate the development, deployment and dissemination of technologies.<\/li>\n<li>Adopt policies to transition towards low-emission energy systems.<\/li>\n<li>Rapidly scale up the deployment of clean power generation and energy efficiency measures.<\/li>\n<li>Accelerate efforts towards the\u00a0<strong>phase-down\u00a0<\/strong>of unabated coal power.<\/li>\n<li>Phase-out of inefficient fossil fuel subsidies, while\u00a0<strong>providing targeted support to the poorest and most vulnerable<\/strong>, recognizing the need for support towards a just transition.<\/li>\n<\/ul>\n<\/li>\n<li><strong>Two important insertions suggested by India:<\/strong><\/li>\n<\/ul>\n<ol>\n<li>\u201c<strong>Phase-down<\/strong>\u201d of unabated coal power.<\/li>\n<li><u>The conditionality of the fossil fuel subsidies<\/u>\u00a0which relates to &#8220;offering targeted assistance to the poorest and most vulnerable.&#8221;\n<ul>\n<li>Initial draft used \u201cphase-out\u201d (instead of phase-down) for coal and missed the targeted support point, resulting in facing objections from India.<\/li>\n<li>India had got both these points inserted in the Glasgow Climate Pact (COP26) last year. These two will now continue to be in the final decision of the COP27.<\/li>\n<li>The draft decision text will now be discussed in the plenary for final decision (outcome of the COP27) with consensus, involving 195 countries.<\/li>\n<\/ul>\n<\/li>\n<\/ol>\n<p>&nbsp;<\/p>\n<h2><strong>Loss and damage (L&amp;D) points in the draft decision:<\/strong><\/h2>\n<ul>\n<li>The text addresses the basic demand &#8211;\u00a0<strong>a fund as well as new &#8216;funding arrangements&#8217;.<\/strong><\/li>\n<li>It seeks to<strong>\u00a0link L&amp;D with 1.5-degree Celsius<\/strong>\u00a0warming limit (an indirect reference to mitigation).<\/li>\n<li>The main body of the text begins with acknowledging assistance needed for \u201cparticularly vulnerable\u201d developing countries but the decision on funding makes a more general reference to &#8216;developing countries&#8217;.<\/li>\n<li>There are multiple references to the use of existing funds.<\/li>\n<li>Seeks to expand sources of funding, including \u201cinnovative sources\u201d.<\/li>\n<li>Pushes for financial reform discussions at International Monetary Fund (IMF) and World Bank (WB) next year.<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<h2><strong>Concerns:<\/strong><\/h2>\n<ul>\n<li><strong>No funds have been pledged for the fund.\u00a0<\/strong>Climate disaster-affected developing countries are still a long way from being able to obtain financial resources to reconstruct.<\/li>\n<li><strong>The exact definitions of terms<\/strong>\u00a0such as \u201cparticularly vulnerable\u201d, \u201cmost vulnerable\u201d are potential points of disagreement which have been left to be resolved at a later stage.<\/li>\n<li><strong>Additional burden being put on the developing countries<\/strong>. One of the contentions is to ask each country to revise its climate action plans, formally known as nationally-determined contributions (NDCs), with progressively stronger actions every year.<\/li>\n<li><strong>Developed countries have failed to deliver on their promise<\/strong>\u00a0to mobilise a relatively small sum of USD 100 billion each year. The draft text just &#8220;urges&#8221; developed countries to reach this aim and makes no mention of a timeline.<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>CITES aims to ensure that international trade in animals does not threaten the survival of the species.<\/p>\n","protected":false},"author":5,"featured_media":34729,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[18],"tags":[],"class_list":{"0":"post-34728","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-upsc-mains-current-affairs","8":"no-featured-image-padding"},"acf":[],"_links":{"self":[{"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/posts\/34728","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/comments?post=34728"}],"version-history":[{"count":0,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/posts\/34728\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/media\/34729"}],"wp:attachment":[{"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/media?parent=34728"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/categories?post=34728"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/tags?post=34728"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}