Decoding World Affairs
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Is it fair to grade civil servants on the basis of attracting investment? Give your opinion below.
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What is Carbon credit?

The green-coloured piece of paper printed by the Reserve Bank of India and circulated by the government is worth 20 rupees. The person who possesses it can buy a packet of biscuits by transferring that value to the seller.

There are different ways to acquire such pieces of paper. For example, people do different kinds of jobs to earn money. Carbon credits are similar. Just like possessing the green note means you possess 20 rupees of value, possessing one carbon credit gives you a licence to emit 1,000 kg of carbon dioxide (or equivalent).

You can earn a carbon credit by removing 1,000 kg of carbon dioxide from the environment and submitting the proof to a government or suitable certifying agency. Once they sign off, you can sell your credit to potential buyers. Governments around the world have decided which types of work can earn carbon credits, who can certify them, and who can buy them.

Such projects include most renewable energy installations, certain forests, and carbon capture facilities. The Paris Agreement set up an international carbon market as part of helping countries meet their emissions targets.

An important problem with carbon credits is that the certifying agencies struggle to verify whether sellers have actually removed 1,000 kg of carbon dioxide. How countries can fix this problem is an important agenda item at the COP29 climate talks in Baku in November.

Source: TH
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Read this beautiful article
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India-Middle East-Europe Economic Corridor
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Decoding World Affairs
India-Middle East-Europe Economic Corridor
Significance of the India-Middle East-Europe Economic Corridor (IMEC) for India

[1] Thwart to China’s BRI: IMEC is seen as a potential counter to China's BRI in the Eurasian region. It can serve to counterbalance China's growing economic and political influence. It would help India in balancing China efficiently without much investments.

[2] Exploring West Asia: After economic liberalization in 1991, India largely explored East Asia through Look East policy followed by Act East policy. Now, it is providing opportunity to extend cooperation beyond balancing west Asia.

[3] Potential strategic Role in Africa: The corridor's model could be extended to Africa, aligning with the US and EU's plan to develop a Trans-African corridor. It signifies India's intent to strengthen its engagement with Africa.

[4] Deepening relations with USA: It dispels the notion that India and the United States may collaborate in the Indo-Pacific but not in the Middle East. The project showcases how India and the U.S., along with Israel and the UAE, can partner in developing joint economic projects through forums like the I2U2.

[5] Bypassing neighbourhood syndrome: It would help in bypassing Pakistan’s veto over India’s overland connectivity to the Central Asia. It is so because Jabel Ali port in UAE is near to Chahbahar port developed in Iran with India's assistance. It may help in further connecting central Asia.
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Wishing you a very happy Diwali to everyone. 💐
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These people are in shackle are the original inhabitants of Australia. The person standing is a British officer. The picture is from the first decade of the 20th century.

Those who promised to teach civilization to the world have been scattered from Australia to South Africa and India due to the cruelty of Europe.
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One of the best example of how migration shapes internal politics.
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A good article on the paradox of American power, political dysfunction and strategic resilience
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