Context

• The Prime Minister launched the Green Credit Initiative to reframe global environmental policies at the COP-28 climate conference.

 Key Points

• In this, it has been proposed to give carbon credits to the general public apart from commercial initiatives.
• This will increase participation of the general public regarding issues related to carbon emissions.

 Cop 28

• COP28 Climate Summit will continue till 12 December.
• In this, 167 leaders from around the world will discuss the issue of climate change and its solutions.

 Main agenda of COP 28 meeting

• In the last few years, climate change has emerged as the biggest challenge for the entire world.
• As a result, the focus of this meeting is to curb fossil fuels and carbon emissions.

 India's current and future position in terms of carbon emissions

• It is noteworthy that India is moving towards achieving its National Determined Contribution  target.
• Due to its serious efforts, India will achieve the emissions reduction target 11 years earlier and the non-mineral fuel target nine years earlier.
• Its ambitious targets include reducing emissions by 30 percent by 2030 and increasing the share of non-mineral fuels to 50 percent by 2070 and achieving net zero emissions.

Conference of Parties (COP)

• It is the supreme body of the UNFCCC conference.
• Events: Every year
• First meeting: March 1995 (in Berlin, Germany)
• The tenure of the COP President is decided among 5 UN regional groupings namely - Africa, Asia, Latin America and the Caribbean, Central and Eastern Europe and Western Europe.

Important facts for exam

Important cop meetings

• Year 1995: COP 1 (Berlin, Germany)
• Year 1997: COP 3 (Kyoto Protocol)
• Year 2002: COP 8 (New Delhi, India)
• Year 2007: COP 13 (Bali, Indonesia)
• Year 2010: COP 16 (Cancun)
•  Year 2011: COP17 (Durban)
• Year 2015 : Cop 21 (Paris)
• Year 2016: COP22 (Marrakesh)
• Year 2017: COP23 Bonn (Germany)
• Year 2018: COP24 Katowice (Poland)
• Year 2019: COP25 Madrid (Spain)
• Year 2021:Cop 26 Glasgow