UPSC Key | Carbon credits, Safe harbour clause, COP29 and G20 from

Essential UPSC Key: Climate-Related Terms for G20 and COP29

Understanding Carbon Credits, Safe Harbour Clause, and More

Carbon Credits

Carbon credits represent the tradable permit or certification issued by an organization to regulate carbon dioxide emissions. Entities who emit more than their allotted amount can purchase carbon credits from organizations that produce less than their allocation. This mechanism incentivizes emission reduction and promotes sustainable practices.

Safe Harbour Clause

The safe harbour clause refers to a provision within the Paris Agreement that outlines the level of emission reductions a country must achieve to avoid penalties. It provides flexibility for countries still developing to balance economic growth with climate mitigation.

COP29

COP29, also known as the 29th Conference of the Parties to the United Nations Framework Convention on Climate Change (UNFCCC), is an international conference scheduled for November 6-18, 2023, in Dubai, United Arab Emirates. It brings together representatives from various countries to assess progress, negotiate agreements, and address pressing climate issues.

G20

The G20, or Group of Twenty, is an international forum for government and central bank leaders from 19 countries plus the European Union. It plays a significant role in coordinating global economic and development policies. Climate change is a critical agenda item for the G20, as it recognizes the importance of addressing climate-related challenges.