Green Climate Fund Explained for UPSC IAS Main Exam
Green climate fund is one of the important topic for the UPSC IAS Main Exam. All the Developmental Projects are filtered out through their environment impact assessment and then only get the clearance.
UPSC IAS Main Exam is evolving with time and its pattern is always suprising to all. In the light of the evolution of the IAS Main General Studies Topics, we are trying to explain various topics in reference to the IAS Main Exam. Moreover this topics are also equally relevant for the IAS Prelims exam.
Green Climate Fund
The Green Climate Fund (GCF) aims ‘to make a significant and ambitious contribution to the global efforts towards attaining the goals set by the international community to combat climate change. It is widely claimed that the objective of the GCF is to raise $100 billion per year in climate financing by 2020, however, this is not an official figure. Only a fraction of this sum has been pledged so far, mostly to cover start-up costs. To start with, it will have ‘thematic funding windows’ for adaptation and mitigation, as well as a separate ‘private sector facility’. Having acquainted with GCF, its relevance for the nation like India can be discussed under adaptation and mitigation.
India has been one of the mega diverse countries, supporting 16% of the world’s population, huge numbers among them are undernourished, extremely poor and vulnerable from climate change. The third world nations massively lack funds for their own socio-economic development in the first place. Concerns about climate and environment are secondary to the food security and welfare of the people. Hence, it will be dogmatic to think for nations like India to invest in tackling environment problems and climate change. It becomes imperative for the countries mostly responsible for such pathetic prevalent climatic situations of the earth, to own the responsibility and take lead in containing climate change, provision of funds for poor nations should be the most important aspects of which. GCF, along with CDM is example of such methods and funds. It should be highly appreciable for nations like India to still operate programs and policies to tackle such challenges as reflected by India’s nine National Missions on Climate Change.
Our coastal lands and islands are vulnerable to be submerged, fertile lands are being encroached by desertification, melting of glaciers are causing massive floods, frequent Tropical Cyclones are damaging our east coastal states. Poor countries like India need funds to rehabilitate coastal people, innovate water standing crops, develop climatic resilient agriculture, create check dams to avoid floods and tackle the problem of food security. Amidst, high fiscal deficit, poverty, poor infrastructure etc., these nations will require massive funds for such types of adaptation to deal with. GCF can prove to be a panacea for such nations in these scenarios. Though $100 billion too can look to be tiny, however, “well begun is half done”.
Nations like India need to mitigate the effects of climate change like depleting fresh water resources, desertification and extinction of flora & fauna to name a few. Promotion and use of renewable sources of energy, employing green technologies, reclamation of waste lands, creating scores of in-situ conservation schemes are some of the exigencies, nations need to prioritise. Hence, GCF becomes not only relevant but imperative to cater them.
The relevance of GCF enhances further in emphasising its own aim. No matter what the help and contributions are, anything working towards containing the draconian climate change will always have relevance.