United Nations for UPSC is a topic that is asked almost every year in either prelims or mains. National Investment and Infrastructure Fund Limited (NIIFL) is a collaborative investment platform for international and Indian investors, anchored by the Government of India. The Board of the Green Climate Fund (GCF) has approved Dutch development bank FMO’s proposal to accelerate private and public sector investment in India’s green infrastructure projects. COP-19 conference needs to comeup with a clear roadmap on provision of finance for 2013-15, 2015-2017 and then up to 2020. The Climate Bonds Initiative provides information resources like this page as a public good. National Investment and Infrastructure Fund (NIIF) was set up as a sovereign wealth fund. Ques 1 With reference to 'National Investment and Infrastructure Fund', which of the following statements is/are correct? The scheme provides a medium - long term debt financing facility for investment in viable projects for post-harvest management Infrastructure and community farming assets through interest subvention and financial support. High Vulnerability to Climate risks: 75% of districts in India, home to over half the population, were vulnerable to extreme climate risks. Rather than (or in addition to) deploying a dedicated NRIC investment fund, the Corps could also work with regions in relation to a proposed National Investment Authority (NIA). VCF is an investment fund that manages money from different investors seeking to provide capital in startup and small- and medium-size enterprises that have strong growth potential. Next post. Welcome to IISD's SDG Knowledge Hub The International Institute for Sustainable Development (IISD) has consolidated its nine Policy & Practice/Regional Coverage knowledgebases, and the tens of thousands of published articles contained within them, into a single entry point: SDG Knowledge Hub. Increases are concentrated in low-carbon transport (by sector) and North America and East Asia (by region). The Climate Investment Funds (CIFs) are implemented by the Multilateral Development Banks (MDBs) to bridge the financing and learning gap between international climate change agreements. Climate change can seem like a problem that’s either too far down the road or too big to solve. The newest round of funding for the Green Climate Fund (GCF) is that it will not be enough as the announcements at the latest pledging conference totaled $ 9.8 billion, barely crossing the $9.3 billion pledged at the last conference in 2014. Source. The UK will host the 26th UN Climate Change Conference of the Parties (COP26), with its partner Italy in Glasgow on 1-12 November 2021. Relevance: Economy Context: Recently, the government launched the financing facility of Rs 1 lakh crore under the Agriculture Infrastructure Fund. 1. Paris COP21 Influential Issues for the New Climate Agreement Climate Council Briefing Paper Today, 195 countries from around the world will have acted together to address the threat posed to humanity from climate change. The Global Commission on Adaptation’s flagship report, released in September 2019, made the case for climate adaptation, providing specific insights and recommendations in key sectors: food security, the natural environment, water, cities, infrastructure, disaster risk management, and finance. Climate Bonds Initiative is an international organisation working solely to mobilise the largest capital market of all, the $100 trillion bond market, for climate change solutions We promote investment in projects and assets necessary for a rapid transition to a low carbon and climate resilient economy. The investment is collectively worth £250 million It is an organ of NITI Aayog. It is intended to assist the developing countries in adaptation and mitigation practices to counter climate change. ... which is the first taxonomy created to identify and track business solutions for private investment in climate adaptation and resilience. The Climate Investment Funds (CIFs) were designed by developed and developing countries and are implemented with the multilateral development banks (MDBs) to bridge the financing and learning gap between now and the next international climate change agreement. PMNRF has also received foreign contributions as a public trust since 2011. UPSC Syllabus. 233-248 14 Parry M et al. The GCF is based in the Incheon, South Korea. ... the COP in 2015 requested the Green Climate Fund to expedite support for the formulation and implementation of national adaptation plans. Glossary of Environment Terms For UPSC prelims and mains. The Adaptation Fund is an international fund set up under the Kyoto Protocol of the United Nations framework convention on climate change (UNFCCC). Bali meet was the meeting of 19 countries that are party to a UN treaty on climate change held in December 2007. Daily current affairs, General Awareness and GK are compiled from latest news from all major publications like The Hindu, The Economic Times, PIB, Indian Express and official Government sources. 2. Click here to view the UPSC IAS Prelims syllabus. (1999) “Climate Change and world food security: a new assessment” Global Environmental Change (9), pp. Source. The newly created private sector‐led Coalition for Climate Resilient Investment (CCRI) committed to the development and testing of solutions for resilient investment decision‐ making. SEBI as Category II Alternative Investment Fund (AIF) on December 28, 2015 under the SEBI (Alternative Investments Funds) Regulations, 2012 ("AIF Regulations"). The Special Climate Change Fund (SCCF) was established in response to guidance from the Conference of the Parties (COP7) in Marrakech in 2001. Stimulating green investment in developing countries. Drought-affected districts have increased by yearly average of 13 times over the last two decades. The SWAMIH Fund was launched in 2019. It is hosted by the Public Investment Fund of Saudi Arabia (PIF), Saudi Arabia's main sovereign wealth fund. Climate Bond Initiative-It is an international, investor- focused not-for-profit organization It's the only organisation working to mobilize $100 trillion bond market for climate change solutions. Global Climate Risk Index 2020. The most important part of UPSC IAS exam is its syllabus and there is a need to take an in-depth look at it. In News. The World Meteorological Organization of the United Nations recently released the “State of Climate Report”.. Green Bond- The capital for green bond is raised to fund ‘green’ projects like renewable energy, emission reductions etc. Economy Questions in UPSC Prelims - 2019 1.With reference to land reforms in independent India, which one of the following statements is A shadow price is a theoretical price on carbon that can help support long-term business planning and investment strategies. Through the Green Growth Equity Fund (GGEF), managed by EverSource Capital, the Dutch development bank FMO will invest USD 13 million. It was hosted/convened by the UN Secretary-General António Guterres in order to meet the urgent need to address climate change; to achieve the goals of the Paris Agreement and to galvanize action that can … Agriculture Infrastructure Fund is a Central Sector Scheme. Table of contents: GS Paper 2: Parliamentary standing committees Fugitive Economic Offender. About. Incentives. Welcome to IISD's SDG Knowledge Hub The International Institute for Sustainable Development (IISD) has consolidated its nine Policy & Practice/Regional Coverage knowledgebases, and the tens of thousands of published articles contained within them, into a single entry point: SDG Knowledge Hub. United Nations for UPSC – Overview. Conservation is the protection and preservation of the planet’s biological diversity and natural resources so that they exist into the future. The partnership should include promotion and removal of risks of investments in renewable energy and green technology. Two million deaths, $3.6 trillion in economic losses, and 11,000 disasters over the past 50 years taking place due to extreme weather conditions. Rivali Park Wintergreens is the first investment by the Fund and is also the first project to get completed. Green Climate Fund. This is the result of an institution-wide effort to mainstream climate considerations into all development projects. At 22nd Session of the Conference of Parties (COP 22) to UNFCCC held in Marrakech, Morocco major thrust areas were developing rules and action … NIIF and the UK govt have committed 120 million each for Green Growth Equity Fund which will be managed by EverSource Capital, a joint venture of Everstone Group and Lightsource BP Netmock is India’s leading website for UPSC/IAS UPPCS preparation. By supporting catalytic interventions, the Fund engages in strategic EbA policy mainstreaming and incentivises innovative finance mechanisms and private sector investment. National Investment and Infrastructure Fund (NIIF). The first event was in October 2017 and featured the announcements of the launch of NEOM, a proposed $500bn independent economic zone in the northwest … PRINCIPLE. Issues. Search This Blog National Investment and Infrastructure Fund May 20, 2018 55) With reference to ‘National Investment and Infrastructure Fund’, which of the following statements is/are correct? It serves as an overarching framework to support three targeted programs with dedicated funding to pilot new approaches with potential for scaled-up, transformational action aimed at a specific climate change challenge or sectoral response. ; CAS 2021 is a multi-stakeholder event, with participation by governments from all continents as well as business leaders, mayors, international organisations, … Relevance: Economy Context: Recently, the government launched the financing facility of Rs 1 lakh crore under the Agriculture Infrastructure Fund. UPSC IAS Syllabus 2020: Prelims & Mains Syllabus of Civil Services Exam. At the International Fund for Agricultural Development (IFAD) we invest in rural people, empowering them to increase their food security, improve the nutrition of their families and increase their incomes. The Special Climate Change Fund (SCCF) was established under the Convention in 2001 to finance projects relating to: adaptation; technology transfer and capacity building; energy, transport, industry, agriculture, forestry and waste management; and economic diversification. Its total $150 million in grants is leveraging more than $1 billion in investments from public, private and municipal sources. The World Bank is the Trustee of the CIFs. (b) providing climate smart technologies to small farmers in order to improve productivity of agriculture. The GEF Trust fund (World Bank as Trustee) is available to developing countries and countries with economies in transition. It is a fund within the framework of the UNFCCC. Learn more about the latest investments by ADB and CPPIB in different types of funds in NIIF. ForumIAS is the repository of many toppers’ Online study materials for GS Mains and Optional subjects. The World Meteorological Organization of the United Nations recently released the “State of Climate Report”.. Hera mission. The Paris Agreement and EU-India Clean Energy and Climate Partnership would provide a foundation to further improve the bilateral ties. Enhanced action on the provision of financial resources and investment to support action on mitigation and adaptation and technology cooperation. Union budget 2021-2022 is meticulous, inclusive, transparent, and growth-oriented, reflecting the government's commitment towards various transformations of Indian economy. On October 21, the UN-backed Green Climate Fund (GCF) approved $43.4 million for enhancing climate resilience for millions of people living in India’s coastal communities in Andhra Pradesh, Maharashtra and Odisha as part of its efforts to combat extreme impacts of climate change. Objectives: The treaty’s aim was to push the world towards taking action that reduces the greenhouse gases in the atmosphere which can cause climate change. ; CIFs are two distinct funds: the Clean Technology Fund and the Strategic Climate Fund. The GCF is based in Incheon, South Korea. Practice for UPSC Search. Facts for prelims: Maharaja Duleep Singh. GS Paper 3: RBI guidelines for Payments banks’ SFB licence. Although CDRI may be seen as India’s response to China’s ambitious BRI, the CDRI is not an attempt by India to fund or develop infrastructure projects in other countries. Climate Investment Fund by World Bank ... UPSC Mains Current Affairs Questions – December 12, 2018. Government launched Amended Technology Upgradation Fund Scheme (A-TUFS) in 2016 by replacing Revised Restructured Amended Technology Upgradation Fund Scheme (ATUFS) is related to (a) modernizing and technology upgradation of leather units in India. It is easier to retrieve information from your brain when you remember it in a mnemonic methodology. 2. Investment. None of above. It is registered with SEBI under SEBI Regulations, 2012. UN Climate Change News, 24 August 2020 – The United Nations Carbon Offset Platform has reached 2 million Certified Emission Reductions (CERs) purchased and cancelled since its launch in September 2015. The Fund aims to attract investment from both domestic and … Climate and Clean Air Coalition (CCAC) The National Action Plan on Climate Change (NAPCC) was launched in 2008 by the Prime Minister’s Council on Climate Change. Climate Policy (3), pp. CERs are emission reductions units emanating from projects located in developing countries under UN Climate Change’s Clean Development Mechanism (CDM). There is also concern over how government policies will evolve and whether investment barriers will be erected. The observed price range for companies using an internal carbon fee is from $5-$20 per metric ton. It has, however, fallen short of our expectations and needs. Launch of New “Coalition of Finance Ministers for Climate Action” WASHINGTON, April 13, 2019 — Today, at the Spring Meetings of the World Bank Group and International Monetary Fund, Finance Ministers from more than twenty countries launched a new coalition aimed at driving stronger collective action on climate change and its impacts. It is a decision that investors around the world have been increasingly making for a decade. This fund will be used to build post-harvest storage and processing facilities, largely anchored at the Farmer Producer Organisations (FPOs), but can also be availed by individual entrepreneurs. Areas like General Studies, Current Affairs, Spectrum Modern Indian History, Indian Polity Laxmikant Indian Economy, Indian art and culture, Geography, Environment & Ecology, National issues, International issues, The Hindu analysis, The Hindu analysis, Current Affairs MCQs 100 and 200 days UPSC … 3. America also stopped its contribution to the UN’s Green Climate Fund, to which it had pledged $3 billion, after transferring an estimated $1 billion. Government would set up an alternative investment fund (AIF) worth Rs 25,000 crore to provide relief to developers with unfinished projects to ensure delivery of homes to buyers Facebook; Twitter; Google+; Pinterest; Linkedin; To combat climate change and unleash actions and investment towards a low carbon, resilient and sustainable future, The Paris Agreement entered into force on 4th November 2016. Click here to view the UPSC IAS Prelims syllabus. The “State of Climate Report” #GS3 #Environment #ClimateChange . A good understanding of UPSC current affairs or IAS current affairs is key to passing the respective competitive exams. While negotiators at UN climate talks have yet to overcome deep divisions on the design of a global carbon market, a framework is in place for countries to strike bilateral deals. Green Climate Fund(GCF) was adopted as a financial mechanism of UNFCCC at the end of 2011 in CoP 16(Cancun). The Strategic Climate Fund (SCF) is one of the two funds of the Climate Investment Funds. Glossary of Environment Terms For UPSC prelims and mains. It has an independent legal status and follows a ‘country-driven approach’. The Adaptation Fund was officially launched in 2007, although it was established in 2001 at the 7th Conference of the Parties (COP7) to the UNFCCC in Marrakech, Morocco. UPSC IAS Study Material. While the Bank, and to a lesser extent, the Fund, have both increasingly tried to account for environmental and climate factors in their work over recent decades, these efforts have largely been limited to attempting to integrate these concerns into a growth-based development model. This is similar to the Prime Minister’s National Relief Fund (PMNRF). IFAD launched a fund called ASAP+ at the Climate Adaptation Summit this week. An assistance of up to 40% of the total project cost will be provided either in the form of loan or grants. The “State of Climate Report” #GS3 #Environment #ClimateChange . Correct Statements about Green Climate fund It was launched during the recent COP held @Doha, Qatar. The Fund is governed by the GCF Board. The Future Investment Initiative (FII) is an annual investment forum held in Riyadh, Saudi Arabia, to discuss trends in the world economy and investment environment. You are free to republish and/or quote online comments or analyses without prior consent, provided you provide a full reference, clearly stating the Climate Bonds Initiative and the relevant author as the source, and include a prominent hyperlink to the original post. The Green Climate Fund (GCF) is a fund established within the framework of the UNFCCC as an operating entity of the Financial Mechanism to assist developing countries in adaptation and mitigation practices to counter climate change. The Green Climate Fund (GCF) is a fund established within the framework of the UNFCCC as an operating entity of the Financial Mechanism to assist developing countries in adaptation and mitigation practices to counter climate change.The GCF is based in Incheon, South Korea.It is governed by a Board of 24 members and supported by a Secretariat. ... NCE is also involved in efforts around the International Financing Agenda to support a step-change in sustainable investment by raising ambition and driving financing at scale. Creating a proper investment climate is the need of the hour. The Critical Ecosystem Partnership Fund (CEPF) enables nongovernmental and private sector organizations to conserve vital ecosystems in the world’s biodiversity hotspots. Free IAS Preparation by Email. CIFs are two distinct funds: the Clean Technology Fund and the Strategic Climate Fund. Like 4G LTE, 5G OFDM operates based on the same mobile networking principles. A strong recovery is possible in 2016 with growth rate exceeding 7.5 per cent but that is contingent on private investment, particularly private corporate investment, showing substantial improvement. More on News. The large investment funds/fund managers are facilitated to drive the growth of India’s economy through this fund. The new Clean Air Fund aims to support projects that “democratize” air quality data, making knowledge about air quality more widely accessible to large numbers of people in cities. UPSC IAS Prelims 2021: Questions Based on Government Schemes, Acts & Bodies from 2017 Paper. The Green Climate Fund (GCF) Consensus at the Durban COP and became operational at the end of 2015. Mnemonics to Remember G-20 Countries Simply creating the institutional arrangements like Green Climate Fund does not help because they don’t have much Money. The Climate Investment Funds (CIFs) were designed by developed and developing countries and are implemented with the multilateral development banks (MDBs) to bridge the financing and learning gap between now and the next international climate change agreement.CIFs are two distinct funds: the Clean Technology Fund and the Strategic Climate Fund.

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