Union budget and budgetary allocations for climate action
The IPCC recently released its bleakest warning to date, and the study portrays a dismal picture. The 4 key takeaways from the 2022 report are as below – 1) The window to act and reverse the deadly impacts of the climate crisis is shrinking. Gases have a long life in the atmosphere and once emitted, temperatures are bound to rise. The only solution to this is to reduce their emissions. 2) Half of the world’s population is already highly vulnerable to catastrophic changes. 3) The poorest people in the planet will be disproportionately affected. They are the victims, whose lives will be ruined despite the fact that they did not contribute to the greenhouse gas stock. 4) Climate-related relocation will accelerate, resulting in increased global instability and tensions. India, global climate leader and a greenhouse gas emitter, has a responsibility to bring better climate action plans and contributions to COP27 to get the world on the essential 1.5 degree Celsius trajector...