Topic: Conservation, environmental pollution and degradation, environmental impact assessment. .
6) Do you think Kyoto Protocol’s emission trading mechanisms could become redundant after 2020? Analyse while presenting your view points on the upcoming challenge of deciding how markets can be deployed in the service of climate.(250 words)
Why this question:
The article discusses that the Kyoto Protocol’s emission trading mechanisms could become redundant after 2020. India needs to plan for the changed scenario.
Key demand of the question:
One must analyse the possibilities of the mechanism becoming redundant and present opinion about what should be the way ahead to deal with the emissions from the industries.
Analyze – When asked to analyse, you have to examine methodically the structure or nature of the topic by separating it into component parts and present them as a whole in a summary.
Structure of the answer:
In brief explain that the next climate conference to be held in Madrid in December has the challenge of deciding how markets can be deployed in the service of climate.
Discuss first why Most developed countries are strongly opposed to permitting the carryover of CDM projects and their credits into the Paris Pact’s mechanisms.
Explain the stand taken by India.
Explain what does one do to help CDM find a place in the post-2020 markets?
Conclude that CDM has been a useful source of finance to industry and we may build a viable domestic carbon market in future on the foundations of industry interest as well as environmental protection.