Scramble and Blueprint

Blueprints reflect the dominant policy framework at the international level. We stand at a critical juncture where climate crises and climate insecurity could trigger the next big wave of an economic crisis accompanied with civil unrest. Several agreements like the Kyoto protocol, Copenhagen Agreement, and most recently the Paris Accord have tried to address the problem of Climate Change.
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The Paris Accord

The efforts made under the Paris Accord focus on three main areas: First, keeping the average surface temperature increase to well below 2̊ C above pre-industrial levels, and pursuing efforts to limit the rise to 1.5̊ C. Second, increasing countries’ ability to adapt to adverse climate impacts and foster resilience. Third, make financial flow consistent with low emissions and climate resilience development. According to the Accord, the countries can prepare their own policy framework and several researches have shown that achieving a target of -3.5̊ C is going to be a major challenge before several countries. There have been biases in policy formulations by the Governments, who could frame their own policies and set targets to achieve 2̊ C mark; the limits set by individual countries gave some unnerving observations.

Emissions Trading System (ETS)

Emissions Trading System (ETS) implemented by the European Union and China addressed climate change on varied parameters, the emissions limit of China was twice the limit set under European Union ETS, no wonder why China seems to have already achieved its emission goals. UNFCCC reported that nearly all countries’ projected emissions by 2030 do not meet natural mitigation pledges submitted under the Paris Agreement as part of the nationally determined contributions. It is believed that decisions of the countries are based on pollution abatement decisions defined by game-theoretic logic, and the inability to reduce pollution abatement is backed by high short-term costs of reduction over long term nature of the benefits.

Blueprints are incomplete without scrambles. Several nations have historically refused to give support to international policies. The United States and the Russian Federation have denied and ridiculed agreements like the Paris Accord and other climate change agreements stating them to be a Hoax and not useful. Such inconsistencies between Blueprints and scramble can defeat the destined goal/target. The problem of diffusing the short term and long-term goals is exacerbated by a very high incentive of free-rider commitments, which further reduces the benefits of nudging the participation.

In conclusion, a lot of policy measures go around in combating climate change and achieving sustainability, but it is often seen as interplay of ideas lying around. Scramble and Blueprint tell us that several policy measures are put to test every day. Some are successful while others are not, but what is essential is that scenarios must be predicted from time to time, and necessary policy interventions be undertaken.



Mehul Sehgal

Senior Member

In the Finance and Investment Cell since 2019, Mehul
has contributed in various capacities. An ardent speaker and
a powerhouse of knowledge, he is adored by all.

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