Skip to main content

Paris Climate Agreement of 2020 and America's exit

Why in news? 

United States has become the first nation of the world who officially withdraws from the Paris Climate Agreement on November 4, 2020. 

However the United States can rejoin it if the President announces Joining, Democratic Party Presidential Candidate Joe Biden has spoken about joining it After Becoming President.

Some important key points About the Paris Climate Agreement:

The 21st Conference of Parties (COP 21) under the UNFCCC was first held in Paris in 2015.

It was agreed to keep global temperature below 2 degree Celsius before pre-industrialization level. It came into force from 4 November 2016.

In this conference, various countries including developing countries have also announced their INDCs to reduce carbon emissions.

Under the Marrakesh Action Plan adopted at COP 22 in 2016, after the Paris Agreement, Developed countries have also agreed to support an annual fund of $ 100 billion from 2020.

However, after Donald Trump became president, his government decided to separate America from it.

(After November 2020) It is important to note that America is the second largest producer of greenhouse gases. 

Any country can apply for separation from this agreement only after 3 years of its implementation. 
Thus, the United States applied for separation on 4 November 2019 and a year later separated automatically in November 2020.


Popular posts from this blog

Current position of money market in Madhya Pradesh.

Money Market in Madhya Pradesh What is Money Market? The money market is a place where short term tenure obligations such as treasury bills, commercial paper / paper and bankers' approvals etc. are bought and sold. In finance, the currency market refers to the global financial market for borrowing and lending short-term debt. It provides short term cash / liquidity funding for the global financial system.  The money market consists of financial institutions and money or credit dealers, who either undertake borrowing or lending. Participants borrow or lend for a short period, usually up to thirteen months. Money market trading of short-term financial instruments is commonly called "paper". This is in contrast to the relatively long-term capital capital market, which is supplied by bonds and shares. There are banks in the money market and origin, which borrow and lend to each other using commercial paper, repurchase agreements and similar instruments. In fact, the money mar

What is 'Sanjha Chulha Yojna' of Madhya Pradesh?

Sanjha chulha Yojana of madhya pradesh Sanjha Chulha yojana was started to ensure food security to the families of Sahariya tribe in Morena district by Akash Tripathi (Collector Morena) by the state government, Sanjha Chulha was started in 29 villages in 3 blocks of Morena district. This Yojana was started on 1st November 2009. Under this scheme, free food was provided to the selected beneficiaries once daily. A card was issued under this arrangement from which this facility can be availed. Since kitchens were mainly used for cooking in India, this scheme was named as Sanjha Chulha. Funds for this scheme are arranged with Gram Panchayat, Red Cross and public support.  Under the Sanjha Chulha scheme, there is a provision of providing nutritious food to children of 6 months to 3 years (children and mothers also) in the anganwadis  Providing balanced diet. Some Important Points about this scheme The scheme will start from November 1 2009 Functionally will be started at every Anganwadi cen

The agro-based industries of Madhya Pradesh.

Madhya Pradesh is one of the four industrialized states of the country, an exceptionally rich natural resource and rich in manpower. Apart from being an agrarian state, it is also a state rich in forest wealth and mineral wealth, and industries have been established on the basis of these immense natural wealth. Although several industrial units and mineral and forest wealth have been snatched from the state due to the separation of Chhattisgarh, despite this Madhya Pradesh has managed to strengthen its industrial position, thanks to the untiring efforts made by the state government. Madhya Pradesh is an agrarian state whose economy is directly or indirectly dependent on agriculture. Indirectly, the raw material produced in agriculture is used for the operation of industries and industries are important pillars of the economy of the state. In this way, many industries have been established in Madhya Pradesh on the basis of agricultural crops like cotton, sugarcane, soybean, oilseeds, pu