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Type: IOCR

  • Foreign Policy Watch: India-China

    UN panel tells Hong Kong to repeal National Security Law

    Note4Students

    From UPSC perspective, the following things are important:

    Prelims level: Honkong, Taiwan

    Mains level: Honkong, Taiwan issue

    Hong Kong’s controversial national security law should be repealed, experts on the UN Human Rights Committee said, amid concerns the legislation is being used to crack down on free speech and dissent in the former British colony.

    Why in news?

    • Chinese and Hong Kong officials have repeatedly used the NSL imposed by Beijing in 2020 to restore stability after the city was rocked for months by sometimes violent anti-government and anti-China protests in 2019.
    • The committee, which monitors the implementation of the International Covenant on Civil and Political Rights (ICCPR) by state parties, released its findings on Hong Kong following a periodic review.
    • The Hong Kong Special Administrative Region is a signatory to the ICCPR but China is not.

    About Hong Kong

    • A former British Colony and Autonomous Territory: Hong Kong is an autonomous territory, and a former British colony, in south-eastern China.
    • It became a colony of the British Empire at the end of the First Opium War in 1842.
    • Sovereignty over the territory was returned to China in 1997.
    • Special Administrative Region (SAR): As a SAR, Hong Kong maintains governing power and economic systems that are separate from those of mainland China.
    • The 1984 Sino-British Joint Declaration guarantees the Basic Law for 50 years after the transfer of sovereignty.
    • It does not specify how Hong Kong will be governed after 2047.
    • Thus, the central government’s role in determining the territory’s future system of government is the subject of political debate and speculation in Hong kong.

    What is this law all about?

    • Hong Kong was always meant to have a security law, but could never pass one because it was so unpopular.
    • So this is about China stepping in to ensure the city has a legal framework to deal with what it sees as serious challenges to its authority.
    • The details of the law’s 66 articles were kept secret until after it was passed. It criminalises any act of:
    1. Secession – breaking away from the country
    2. Subversion – undermining the power or authority of the central government
    3. Terrorism – using violence or intimidation against people
    4. Collusion–  with foreign or external forces

    What provisions do fall under the law?

    • The law came into effect at 23:00 local time on 30 June 2020, an hour before the 23rd anniversary of the city’s handover to China from British rule.
    • It gives Beijing power to shape life in Hong Kong it has never had before.
    • Its key provisions include:
    1. Crimes of secession, subversion, terrorism and collusion with foreign forces are punishable by a maximum sentence of life in prison
    2. Damaging public transport facilities can be considered terrorism
    3. Those found guilty will not be allowed to stand for public office
    4. Companies can be fined if convicted under the law
    5. This office can send some cases to be tried in mainland China – but Beijing has said it will only have that power over a “tiny number” of cases
    6. In addition, Hong Kong will have to establish its own national security commission to enforce the laws, with a Beijing-appointed adviser
    7. Hong Kong’s chief executive will have the power to appoint judges to hear national security cases, raising fears about judicial autonomy
    8. Importantly, Beijing will have power over how the law should be interpreted, not any Hong Kong judicial or policy body. If the law conflicts with any Hong Kong law, the Beijing law takes priority
    9. Some trials will be heard behind closed doors.
    10. People suspected of breaking the law can be wire-tapped and put under surveillance
    11. Management of foreign non-governmental organizations and news agencies will be strengthened
    12. The law will also apply to non-permanent residents and people “from outside [Hong Kong]… who are not permanent residents of Hong Kong“.

    What has changed in Hong Kong since the law was introduced?

    • Hundreds of protestors, activists and former opposition lawmakers have been arrested since the law came into force.
    • The arrests are an ominous sign that its crackdown on Hong Kong is only going to escalate.
    • Beijing has said the law is needed to bring stability to the city, but critics say it is designed to squash dissent.

    Why did China do this?

    • Hong Kong was handed back to China from British control in 1997.
    • But under a unique agreement – a mini-constitution called the Basic Law and a so-called “one country, two systems” principle.
    • They are supposed to protect certain freedoms for Hong Kong: freedom of assembly and speech, an independent judiciary and some democratic rights – freedoms that no other part of mainland China has.
    • Under the same agreement, Hong Kong had to enact its own national security law – this was set out in Article 23 of the Basic Law – but it never happened because of its unpopularity.

    How can China do this?

    • Many might ask how China can do this if the city was supposed to have freedoms guaranteed under the handover agreement.
    • The Basic Law says Chinese laws can’t be applied in Hong Kong unless they are listed in a section called Annex III – there are already a few listed there, mostly uncontroversial and around foreign policy.
    • These laws can be introduced by decree – which means they bypass the city’s parliament.
    • Critics say the introduction of the law this way amounts to a breach of the “one country, two systems” principle, which is so important to Hong Kong – but clearly, it is technically possible to do this.

    Must read:

    [Burning Issue] National Security Law debate in Hong Kong

     

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  • Foreign Policy Watch: United Nations

    India’s role in UN Peacekeeping Missions

    Note4Students

    From UPSC perspective, the following things are important:

    Prelims level: United Nations Peacekeeping

    Mains level: Read the attached story

    Two BSF personnel recently got martyrdom who were part of the UN Peacekeeping Mission in the Democratic Republic of the Congo (DRC).

    Why in news?

    • A total 175 Indian peacekeepers have so far died while serving with the United Nations.
    • India has lost more peacekeepers than any other UN Member State.

    What is United Nations Peacekeeping?

    • UN Peacekeeping helps countries navigate the difficult path from conflict to peace.
    • UN peacekeepers are often referred to as Blue Berets or Blue Helmets because of their light blue berets or helmets) can include soldiers, police officers, and civilian personnel.

    UNPKF in operation

    • Since 1948, UN Peacekeepers have undertaken 71 Field Missions.
    • There are approximately 81,820 personnel serving on 13 peace operations led by UNDPO, in four continents currently.
    • This represents a nine-fold increase since 1999.
    • A total of 119 countries have contributed military and police personnel to UN peacekeeping.
    • Currently, 72,930 of those serving are troops and military observers, and about 8,890 are police personnel.

    India’s contribution to UN Peacekeeping

    • India has a long history of service in UN Peacekeeping, having contributed more personnel than any other country.
    • To date, more than 2,53,000 Indians have served in 49 of the 71 UN Peacekeeping missions established around the world since 1948.
    • Currently, there are around 5,500 troops and police from India who have been deployed to UN Peacekeeping missions, the fifth highest amongst troop-contributing countries.
    • India has also provided and continues to provide, eminent Force Commanders for UN Missions.
    • India is the fifth largest troop contributor (TCC) with 5,323 personnel deployed in 8 out of 13 active UN Peacekeeping Missions, of which 166 are police personnel.

    History of India’s contribution

    • India’s contribution to UN Peacekeeping began with its participation in the UN operation in Korea in the 1950s.
    • This is where India’s mediatory role in resolving the stalemate over prisoners of war in Korea led to the signing of the armistice that ended the Korean War.
    • India chaired the five-member Neutral Nations Repatriation Commission, while the Indian Custodian Force supervised the process of interviews and repatriation that followed.
    • The UN entrusted the Indian armed forces with subsequent peace missions in the Middle East, Cyprus, and the Congo (since 1971, Zaire).
    • India also served as Chair of the three international commissions for supervision and control for Vietnam, Cambodia, and Laos established by the 1954 Geneva Accords on Indochina.

    Role of women in Indian Peacekeeping

    • India has been sending women personnel on UN Peacekeeping Missions.
    • In 2007, India became the first country to deploy an all-women contingent to a UN Peacekeeping Mission.
    • The Formed Police Unit in Liberia provided 24-hour guard duty and conducted night patrols in the capital Monrovia, and helped to build the capacity of the Liberian police.
    • These women officers not only played a role in restoring security in the West African nation but also contributed to an increase in the number of women in Liberia’s security sector.

    Medical care as part of India’s Missions

    • In addition to their security role, the members of the Indian Formed Police Unit also organized medical camps for Liberians, many of whom have limited access to health care services.
    • Medical care is among the many services Indian Peacekeepers provide to the communities in which they serve on behalf of the Organization.
    • They also perform specialized tasks such as veterinary support and engineering services.

    India’s views on UN Peacekeeping

    • India is of the view that the international community must grasp the rapid changes that are underway in the nature and role of contemporary peacekeeping operations.
    • The Security Council’s mandates to UN Peacekeeping operations need to be rooted in ground realities, and co-related with the resources provided for the peacekeeping operation.
    • It is critical that troop and police contributing countries should be fully involved at all stages and in all aspects of mission planning.
    • There should be greater financial and human resources for peace-building in post-conflict societies, where UNPKOs have been mandated, according to officials.

     

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  • OBOR Initiative

    China-Pakistan Economic Corridor (CPEC)

    Note4Students

    From UPSC perspective, the following things are important:

    Prelims level: CPEC, BRI

    Mains level: Read the attached story

    India has severely criticized the reported move by both China and Pakistan for third-party participation in some projects on the China-Pakistan Economic Corridor (CPEC) that passes through Pakistan-occupied Kashmir (PoK).

    China-Pakistan Economic Corridor (CPEC)

    • The CPEC, one of the most ambitious components of Beijing’s Belt and Road Initiative (BRI), was announced to great fanfare in 2015.
    • CPEC is a collection of infrastructure projects that are under construction throughout Pakistan beginning in 2013.
    • Originally valued at $47 billion, the value of CPEC projects is worth $62 billion as of 2020.
    • It is intended to rapidly upgrade Pakistan’s required infrastructure and strengthen its economy by the construction of modern transportation networks, numerous energy projects, and SEZs.
    • On 13 November 2016, CPEC became partly operational when Chinese cargo was transported overland to Gwadar Port for onward maritime shipment to Africa and West Asia.

    Why CPEC?

    • CPEC has consistently been held up as a “gamechanger” for Pakistan’s economy.
    • But the road to completion has proved long and winding. Reports indicate that the pace of CPEC projects has been slowing down in Pakistan in recent years.
    • At the same time, China is the only country that is heavily investing in Pakistan.

    Why in news?

    • The lack of progress has led to numerous reports about CPEC being at a near standstill in the country.
    • Gwadar, despite being the epicenter of multibillion-dollar projects, lacks basic necessities like reliable access to water and electricity, let alone other facilities.
    • The baloch freedom movement is another impediment to the stalled project.
    • There have been sporadic attacks in Gwadar and elsewhere in the province and the country to discourage Chinese investments in the province.
    • China is also seeking to deploy its Army in the CPEC projects, to which Pakistan has contested.

    India’s reservation

    • The GoI, which shares tense relations with Pakistan, objects to the CPEC project as upgrade works to the Karakoram Highway are taking place in Gilgit-Baltistan.
    • This is the territory illicitly occupied by Pakistan in 1947-48.
    • During the visit of Indian PM Modi to China in 2015, the Indian FM, Sushma Swaraj reportedly told the Chinese.
    • India did not object to the Chinese construction of the Karakoram Highway which was built between 1959 and 1979.

     

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  • Foreign Policy Watch: India-Pakistan

    Pakistan and IMF talks: What lies ahead?

    Note4Students

    From UPSC perspective, the following things are important:

    Prelims level: IMF

    Mains level: Pakistan economic crisis, Debt trap

    The latest IMF press release maintains it would consider an extension of the current Extended Fund Facility (EFF) to end June 2023 and augment the fund amount to $7 billion for Pakistan.

    Pakistan seeks IMF bailout

    • Surprisingly, it took five months to reach the staff-level agreement.
    • The total disbursement under the current EFF to Pakistan has now been $4.2 billion.
    • The talks were originally aimed at releasing a tranche of $900 million.

    What is Extended Fund Facility (EFF)?

    • The EFF was established by the IMF to provide assistance to countries experiencing serious payment imbalances because of structural impediments or slow growth and an inherently weak balance-of-payments position.
    • An EFF provides support for comprehensive programs including the policies needed to correct structural imbalances over an extended period.

    What was the Pakistani EFF?

    • The 39-month EFF between the two was signed in July 2019 to provide funds amounting to Self-Drawing Rights (SDR) — $4,268 million.
    • The EFF was signed by Pakistan to address the medium-term balance of payment problem, and work on structural impediments and increase per capita income.

    Why did the talks take longer to conclude?

    • The IMF placed demands (all of which seem impossible for Pakistan) includes :
    1. Fiscal consolidation to reduce debt and build resilience
    2. Market-determined exchange rate to restore competitiveness
    3. Eliminate ‘quasi-fiscal’ losses in the energy sector and
    4. Strengthened institutions with transparency
    • Ousted Pakistani PM eased fuel prices. This was considered a major deviation under the EFF benchmarks.
    • Then govt gave tax amnesties to the industrial sector, impacted the tax regime and a structural benchmark for fiscal consolidation.
    • The IMF insisted on its demands before approving any release of the tranche.

    How important is the IMF support to Pakistan?

    • Pakistan’s economic situation is dire.
    • According to the Economic Survey of Pakistan 2022, the fiscal deficit in FY 22 was $18.6 billion, and the net public debt at $252 billion, which is 66.3% of the GDP.
    • The power sector’s circular debt is $14 billion.

    Why have the Pakistan-IMF relations remained complicated?

    • Structural reforms require long-term commitment, which have been sacrificed due to Pakistan’s short-sighted political goals.
    • Hence the urge to go to the IMF for fiscal stability has been repeated over time.

    Risks posed by a failed Pakistan

    • There is also a narrative that Pakistan has the fifth largest population with nuclear weapons that cannot be allowed to fail.
    • A section within Pakistan also places the geo-strategic location of the country would provide an edge for cooperation, rather than coercion.
    • Hence, this section believes, the IMF would continue to support.
    • Given the IMF’s increased assertion, Pakistan’s political calculations and the elections ahead, the relationship between the two is likely to remain complicated.

    What lies ahead for Pakistan and the IMF?

    • Despite the latest agreement, the road ahead for the IMF and Pakistan is not an easy one.
    • Political calculations and the elections ahead will play a role in Pakistan’s economic decision-making.
    • However, one thing is eminent Pakistan will certainly collapse someday badly like Sri Lanka.

    Try this PYQ from CSP 2022

    “Rapid Financing Instrument” and “Rapid Credit Facility” are related to the provisions of lending by which one of the following?

    (a) Asian Development Bank

    (b) International Monetary fund

    (c) United National Environment Programme Finance initiative

    (d) Word bank

     

    Post your answer here.

    Back2Basics: Special Drawing Rights (SDRs)

    • SDRs, created by the IMF in 1969, are an international reserve asset and are meant to supplement countries’ reserves.
    • Adding SDRs to the country’s international reserves makes it more financially resilient.
    • Providing liquidity support to developing and low-income countries allows them to tide over the balance of payments (BOP) situations like the one India has been experiencing due to the pandemic and the one it faced earlier in 1991.
    • SDRs being one of the components of foreign exchange reserves (FER) of a country, an increase in its holdings is reflected in the BOP.

     

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  • Foreign Policy Watch: India-SCO

    Iran, Belarus to be newest SCO Members

    Note4Students

    From UPSC perspective, the following things are important:

    Prelims level: SCO

    Mains level: Read the attached story

    Iran and Belarus are likely to be the two newest additions to the China and Russia-backed Shanghai Cooperation Organisation (SCO) grouping.

    What is SCO?

    Shanghai Cooperation Organisation (SCO): a Formidable Alliance and its Significance for India - Olive Greens Institute Blog- Olive Greens Institute SSB | NDA | CDS

    • After the collapse of the Soviet Union in 1991, the then security and economic architecture in the Eurasian region dissolved and new structures had to come up.
    • The original Shanghai Five were China, Kazakhstan, Kyrgyzstan, Russia and Tajikistan.
    • The SCO was formed in 2001, with Uzbekistan included. It expanded in 2017 to include India and Pakistan.
    • Since its formation, the SCO has focused on regional non-traditional security, with counter-terrorism as a priority.
    • The fight against the “three evils” of terrorism, separatism and extremism has become its mantra. Today, areas of cooperation include themes such as economics and culture.

    India’s entry to the SCO

    • India and Pakistan both were observer countries.
    • While Central Asian countries and China were not in favor of expansion initially, the main supporter — of India’s entry in particular — was Russia.
    • A widely held view is that Russia’s growing unease about an increasingly powerful China prompted it to push for its expansion.
    • From 2009 onwards, Russia officially supported India’s ambition to join the SCO in 2017.
    • China then asked for its all-weather friend Pakistan’s entry.

    Why expand now?

    • China and Russia are looking to frame the grouping as a counter to the West — particularly after Russia’s invasion of Ukraine.
    • China wishes to draw a sharp contrast between the SCO and NATO.

    Changing narrative of SCO

    • There has been discussion in the international arena that the trend of non-alignment is back.
    • NATO is based on Cold War thinking.
    • The logic of NATO is creating new enemies to sustain its own existence.
    • However, SCO is a cooperative organisation based on non-alignment and not targeting a third party.

    India and SCO: Present status

    • India will host the SCO summit next year, and Varanasi has been selected as the SCO region’s first “Tourism and Cultural Capital”.
    • India will also be chairing the summit.

    Try this PYQ now:

    In the context of the affairs of which of the following is the phrase “Special Safeguard Mechanisms” mentioned in the news frequently?

     

    (a) United Nations Environment Programme

    (b) World Trade Organization

    (c) ASEAN- India Free Trade Agreement

    (d) G-20 Summits

     

    Post your answers here.

     

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  • Women empowerment issues – Jobs,Reservation and education

    India ranks 135 out of 146 in Gender Gap Index

    Note4Students

    From UPSC perspective, the following things are important:

    Prelims level: Global Gender Gap Index

    Mains level: Women empowerment

    India ranks 135 among a total of 146 countries in the Global Gender Gap Index, 2022, released by the World Economic Forum.

    What is Global Gender Gap Index?

    • The report is annually published by the World Economic Forum (WEF).
    • It benchmarks gender parity across four key dimensions or sub-indices — economic participation and opportunity, educational attainment, health and survival, and political empowerment.
    • It measures scores on a 0-to-100 scale, which can be interpreted as the distance covered towards parity or the percentage of the gender gap that has been closed.
    • The report aims to serve “as a compass to track progress on relative gaps between women and men on health, education, economy and politics”.
    • According to the WEF it is the longest-standing index, which tracks progress towards closing these gaps over time since its inception in 2006.

    How has India fared on different sub-indices?

    Here’s how it stands on different sub-indices:

    (1) Political Empowerment

    • This includes metrics such as the percentage of women in Parliament, the percentage of women in ministerial positions etc.
    • Of all the sub-indices, this is where India ranks the highest (48th out of 146).
    • However, notwithstanding its rank, its score is quite low at 0.267.
    • Some of the best-ranking countries in this category score much better.
    • For instance, Iceland is ranked 1 with a score of 0.874 and Bangladesh is ranked 9 with a score of 0.546.
    • Moreover, India’s score on this metric has worsened since last year – from 0.276 to 0.267.
    • The silver lining is that despite the reduction, India’s score is above the global average in this category.

    (2) Economic Participation and Opportunity

    • This includes metrics such as the percentage of women who are part of the labour force, wage equality for similar work, earned income etc.
    • Here, too, India ranks a lowly 143 out of the 146 countries in contention even though its score has improved over 2021 from 0.326 to 0.350.
    • Last year, India was pegged at 151 out of the 156 countries ranked.
    • India’s score is much lower than the global average, and only Iran, Pakistan and Afghanistan are behind India on this metric.

    (3) Educational Attainment

    • This sub-index includes metrics such as literacy rate and the enrolment rates in primary, secondary and tertiary education.
    • Here India ranks 107th out of 146, and its score has marginally worsened since last year.
    • In 2021, India was ranked 114 out of 156.

    (4) Health and Survival

    • This includes two metrics: the sex ratio at birth (in %) and healthy life expectancy (in years).
    • In this metric, India is ranked last (146) among all the countries.
    • Its score hasn’t changed from 2021 when it was ranked 155th out of 156 countries.
    • The country is the worst performer in the world in the “health and survival” sub-index in which it is ranked 146.

    Where does India stand amongst its neighbour?

    • India ranks poorly among its neighbours and is behind Bangladesh (71), Nepal (96), Sri Lanka (110), Maldives (117) and Bhutan (126).
    • Only the performance of Iran (143), Pakistan (145) and Afghanistan (146) was worse than India in South Asia.
    • In 2021, India ranked 140 out of 156 nations.

     

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  • G20 : Economic Cooperation ahead

    Ex-NITI Aayog CEO Amitabh Kant is new G-20 Sherpa

    Note4Students

    From UPSC perspective, the following things are important:

    Prelims level: Sherpa, G20

    Mains level: G20 summit

    Former NITI Aayog CEO Amitabh Kant has been picked as India’s new Sherpa for the G-20.

    Who is a Sherpa (in IR context)?

    • A Sherpa is the personal representative of a head of state or government who prepares an international summit, particularly the annual G7 and G20 summits.
    • Between the G7 summits, there are multiple Sherpa conferences where possible agreements are laid out.
    • This reduces the amount of time and resources required at the negotiations of the heads of state at the final summit.
    • The name Sherpa—without further context—refers to Sherpa for the G7 summit, but the designation can be extended to different regular conferences where the participation of the head of state is required.
    • The Sherpa is generally quite influential, although they do not have the authority to make a final decision about any given agreement.

    Etymology

    • The name is derived from the Sherpa people, a Nepalese ethnic group, who serve as guides and porters in the Himalayas, a reference to the fact that the sherpa clears the way for a head of state at a major summit.
    • They are Tibetan Buddhists of the Nyingmapa sect, and have drawn much of their religious tradition from the Rongphu monastery, located at 16,000 feet on the north side of Mount Everest.

    About G20

    • Formed in 1999, the G20 is an international forum of the governments and central bank governors from 20 major economies.
    • Collectively, the G20 economies account for around 85 percent of the Gross World Product (GWP), 80 percent of world trade.
    • To tackle the problems or address issues that plague the world, the heads of governments of the G20 nations periodically participate in summits.
    • In addition to it, the group also hosts separate meetings of the finance ministers and foreign ministers.
    • The G20 has no permanent staff of its own and its chairmanship rotates annually between nations divided into regional groupings.

    Aims and objectives

    • The Group was formed with the aim of studying, reviewing, and promoting high-level discussion of policy issues pertaining to the promotion of international financial stability.
    • The forum aims to pre-empt the balance of payments problems and turmoil on financial markets by improved coordination of monetary, fiscal, and financial policies.
    • It seeks to address issues that go beyond the responsibilities of any one organization.

    Members of G20

    The members of the G20 consist of 19 individual countries plus the European Union (EU).

    • The 19 member countries of the forum are Argentina, Australia, Brazil, Canada, China, France, Germany, India, Indonesia, Italy, Japan, Mexico, Russia, Saudi Arabia, South Africa, South Korea, Turkey, United Kingdom and the United States.
    • The European Union is represented by the European Commission and by the European Central Bank.

    Its significance

    • G20 is a major international grouping that brings together 19 of the world’s major economies and the European Union.
    • Its members account for more than 80% of global GDP, 75% of trade and 60% of population.

    India and G20

    • India has been a member of the G20 since its inception in 1999.

     

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  • Climate Change Negotiations – UNFCCC, COP, Other Conventions and Protocols

    What is the EU’s Sustainable Finance Taxonomy?

    Note4Students

    From UPSC perspective, the following things are important:

    Prelims level: EU Taxonomy

    Mains level: Not Much

    Activists have been widely criticizing the EU’s sustainable finance taxonomy as a “greenwashing” exercise that puts the European Union’s climate change targets at risk.

    What is the EU Taxonomy?

    • The EU taxonomy is a complex system to classify which parts of the economy may be marketed as sustainable investments.
    • It includes economic activities, as well as detailed environmental criteria that each economic activity must meet to earn a green label.

    Why in news now?

    • Rules for most sectors came into effect this year, covering investments including steel plants, electric cars and building renovations.
    • The rules for gas and nuclear energy, however, have been long delayed amid intense lobbying from governments who disagree on whether the fuels help fight climate change.

    What does it say about gas and nuclear energy?

    • The European Parliament supported that proposal in a vote paving the way for it to become law and apply from 2023.
    • Under the proposal, for a gas-fuelled power plant to be deemed green, it must emit no more than 270 grams of CO2 equivalent per kilowatt hour, or have average emissions of 550g CO2e/kW over 20 years.
    • It must also commit to switch to low-carbon gases by 2035.
    • Gas and nuclear power plants are classed as transitional activities.

    What’s the taxonomy for?

    • The taxonomy does not ban investments in activities not labelled “green”, but it limits which ones companies and investors can claim are climate-friendly.
    • The EU’s goal to eliminate its net emissions by 2050 will require huge investments, much of it private funding.
    • The rules also aim to stamp out green-washing, where organisations exaggerate their environmental credentials, among so-called eco-friendly investment products.

    Who does it apply to?

    • Providers of financial products – including pension providers – in the EU must disclose which investments comply with the taxonomy’s climate criteria.
    • For each investment, fund or portfolio, they must disclose what share of underlying investments comply with the rules.
    • Large companies and listed firms must also disclose what share of their turnover and capital expenditure complies.
    • That means polluting companies can get recognition for making green investments.
    • For example, if an oil company invested in a wind farm, it could label that expenditure as green.

    What makes a “green” investment?

    The rules classify three types of green investments.

    • First, those that substantially contribute to green goals, for example, wind power farms.
    • Second, those that enable other green activities, for example, facilities that can store renewable electricity or hydrogen.
    • Third, transitional activities that cannot be made fully sustainable, but which have emissions below industry average and do not lock in polluting assets or crowd out greener alternatives.

     

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  • OBOR Initiative

    Status of China’s Belt and Road Initiative in South Asia

    Note4Students

    From UPSC perspective, the following things are important:

    Prelims level: BRI

    Mains level: Chinese BRI and its progress

    China has felt a need to re-visit the various projects under the BRI in different South Asian countries.

    Why in news?

    • At the recently concluded summit of G-7 leaders in Germany, US and his allies unveiled their $600 billion plan called the Partnership for Global Infrastructure and Intelligence.
    • This is being seen as a counter to China’s Belt and Road Initiative (BRI), valued at a trillion U.S. dollars by some experts.

    What is China’s Belt and Road Initiative?

    • In 2013, Chinese President Xi Jinping, during his visits to Kazakhstan and Indonesia, expressed his vision to build a Silk Road Economic Belt and a 21st Century Maritime Silk Road.
    • He then aimed to break the “bottleneck” in Asian connectivity. This vision led to the birth of the BRI.
    • The initiative envisioned a Chinese-led investment of over $1 trillion in partner countries by 2025.
    • More than 60 countries have now joined BRI agreements with China, with infrastructure projects under the initiative being planned or under construction in Asia, Africa, Europe, and Latin America.

    How does BRI work?

    • To finance BRI projects, China offers huge loans at commercial interest rates that countries have to pay within a fixed number of years.
    • The west has accused China of debt-trapping by extending “predatory loans” that force countries to cede key assets to China.
    • However, research indicates that low and middle-income countries are often the ones to approach China after not being able to secure loans from elsewhere.
    • In recent years, the BRI seems to have experienced a slowing down as annual Chinese lending to countries slimmed from its peak of $125 billion in 2015 to around $50 to 55 billion in 2021.

    What have been the BRI’s investments in Pakistan?

    • On his 2015 visit to Pakistan, Xi unveiled the BRI’s flagship project and its biggest one in a single country — the China Pakistan Economic Corridor (CPEC).
    • The CPEC envisioned multiple projects involving energy, transport and communication systems.
    • At the centre of the CPEC was the $700 million development of the city of Gwadar into a smart port city that would become the “Singapore of Pakistan”.
    • Other major projects are the orange line metro, coal power plants to tackle energy shortages and the Main Line 1 rail project from Peshawar to Karachi.

    Pace of progress in Pakistan

    • Multiple reports have shown that shipping activities at the Gwadar Port is almost negligible so far, with only some trade to Afghanistan.
    • Gwadar residents have also protested against the large security force deployed to protect Chinese nationals involved in projects.
    • Chinese nations has also became the target of multiple deadly attacks by Baloch freedom fighters.
    • Coal plants were set up and managed by Chinese firms to improve the power situation in Pakistan.
    • Chinese power firms closing down their operations as the latter did not pay dues worth 300 billion in Pakistani rupees (approximately $1.5 billion).

    What about Sri Lanka?

    • In Sri Lanka, multiple infrastructure projects that were being financed by China came under the fold of the BRI after it was launched in 2013.
    • In 2021, Colombo ejected India and Japan out of a deal to develop the East Container Terminal at the Colombo port and got China to take up the project.
    • Some BRI projects in Sri Lanka have been described as white elephants — such as the Hambantota port.
    • The port had always been secondary to the busy Colombo port until the latter ran out of capacity.
    • Other key projects under BRI include the development of the Colombo International Container Terminal, the Central Expressway and the Hambantota International Airport among others.

    Projects in Afghanistan

    • Afghanistan has not comprehensively been brought into the BRI, despite a MoU being signed with China in 2016.
    • China had promised investments worth $100 million in Afghanistan which is small in comparison to what it shelled out in other South Asian countries.
    • The projects have not materialised so far and uncertainties have deepened after the Taliban takeover last year.

    Projects in Maldives

    • Situated in the middle of the Indian Ocean, Maldives comprises two hundred islands, and both India and China have strategic interests there.
    • One of the most prominent BRI projects undertaken in the Maldives is the two km long China-Maldives Friendship Bridge — a $200 million four lane bridge.
    • Most of China’s investment in the Maldives happened under former President Abdullah Yameen, seen as pro-China.

    Projects in Bangladesh

    • Bangladesh, which joined the BRI in 2016, has been promised the second-highest investment (about $40 billion) in South Asia after Pakistan.
    • It has been able to benefit from the BRI while maintaining diplomatic and strategic ties with both India and China.
    • It has managed to not upset India by getting India to build infrastructure projects similar to BRI in the country.
    • BRI projects include Friendship Bridges, special economic zones, the $689.35 million-Karnaphuli River tunnel project, upgradation of the Chittagong port, and a rail line between the port and China’s Yunnan province.
    • However, multiple projects have been delayed owing to the slow release of funds by China.

     

     

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  • Disasters and Disaster Management – Sendai Framework, Floods, Cyclones, etc.

    [pib] Coalition for Disaster Resilient Infrastructure (CDRI)

    Note4Students

    From UPSC perspective, the following things are important:

    Prelims level: CDRI

    Mains level: Disaster management

    The Union Cabinet has approved the categorization of the Coalition for Disaster Resilient Infrastructure (CDRI) as an ‘International Organization’.

    What is the news?

    • The cabinet also signed as the Headquarters Agreement (HQA) with CDRI for granting it the exemptions, immunities and privileges as contemplated under the United Nations (Privileges & Immunities) Act, 1947.
    • This will provide CDRI an independent and international legal persona so that it can efficiently and effectively carry out its functions internationally.

    What is CDRI?

    • The CDRI is an international coalition of countries, UN agencies, multilateral development banks, the private sector, and academic institutions that aim to promote disaster-resilient infrastructure.
    • Its objective is to promote research and knowledge sharing in the fields of infrastructure risk management, standards, financing, and recovery mechanisms.
    • It was launched by the Indian PM Narendra Modi at the 2019 UN Climate Action Summit in September 2019.
    • CDRI’s initial focus is on developing disaster-resilience in ecological, social, and economic infrastructure.
    • It aims to achieve substantial changes in member countries’ policy frameworks and future infrastructure investments, along with a major decrease in the economic losses suffered due to disasters.

    Its inception

    • PM Modi’s experience in dealing with the aftermath of the 2001 Gujarat earthquake” as the chief minister led him to the idea.
    • The CDRI was later conceptualized in the first and second edition of the International Workshop on Disaster Resilient Infrastructure (IWDRI) in 2018-19.
    • It was organized by the National Disaster Management Authority (NDMA), in partnership with the UN Office for Disaster Risk Reduction (UNDRR), the UN Development Programme, the World Bank, and the Global Commission on Adaptation.

    Its diplomatic significance

    • The CDRI is the second major coalition launched by India outside of the UN, the first being the International Solar Alliance.
    • Both of them are seen as India’s attempts to obtain a global leadership role in climate change matters and were termed as part of India’s stronger branding.
    • India can use the CDRI to provide a safer alternative to China’s Belt and Road Initiative (BRI) as well.

    Why designated as International Organization?

    • Deputing experts to other countries
    • Deploying funds globally and receive contributions from member countries
    • Making available technical expertise to assist countries
    • Imparting assistance to countries in adopting appropriate risk governance arrangements and strategies for resilient infrastructure
    • Aligning with the Sustainable Development Goals (SDGs), the Paris Climate Agreement and the Sendai Framework for Disaster Risk Reduction
    • Leveraging international engagement to foster disaster-resilient infrastructure at home; and,
    • Providing Indian scientific and technical institution as well as infrastructure developers an opportunity to interact with global experts.

    Try this PYQ:

    Q.Consider the following statements:

    1. Climate and Clean Air Coalition (CCAC) to Reduce Short Lived Climate Pollutants is a unique initiative of G20 group of countries
    2. The CCAC focuses on methane, black carbon and hydrofluorocarbons.

    Which of the above statements is/are correct?

    (a) 1 only

    (b) 2 only

    (c) Both 1 and 2

    (d) Neither 1 nor 2

     

    Post your answers here.

     

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