Daily News Analysis

Global Carbon Project (GCP) Report

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The Global Carbon Project report for 2023 was released during the recent COP28 summit held in Dubai, UAE.

It is a Global Research Project of Future Earth and a research partner of the World Climate Research Programme.

  • Established in – 2001
  • It is prepared every year by a global consortium of scientists.

Aim – To develop a complete picture of the global carbon cycle, including both its biophysical and human dimensions together with the interactions and feedbacks between them.

Focus – On the global biogeochemical cycles which govern 3 greenhouse gases (GHGs) like carbon dioxide (CO2), methane (CH4), and nitrous oxide (N2O), including their natural and human drivers, and opportunities for low carbon pathways.

Significance – It produces Global Carbon Budget annually which provides an in-depth look at the amount of fossil fuels that nations around the world burn and where it ends up.

  • 2023 report – It projects fossil CO2 emissions of 36.8 billion tonnes in 2023, up 1.1% from 2022.
  • Global emissions from coal, oil and gas are all projected to increase with most steep increase from oil.
  • Atmospheric CO2 levels are projected to average 419.3 ppm in 2023, 51% above pre-industrial levels.

In India – CO2 emissions will cross 3 gigatons (gt) by the end of 2023, about 8% higher than the figure of 2022.

  • India’s per capita emissions is only about 1.9 tonnes (against a world average of almost 5 tons) and its cumulative emissions is only 3% (as against 25% for US) of the global emissions.

India’s Third National Communication (2023) Report

  • India’s total greenhouse gas emissions (GHGs) was 3.1 gt of CO2eq (2019).
  • Almost 76% of GHGs were emitted by the energy sector followed by agriculture and industrial process sectors.
  • About 92% of the CO2 emissions is from the energy sector.
  • Among energy sectors, power generation contributes about 39% in the total CO2 emissions followed by transport and iron and steel.

Rising Household Debt in India

India is witnessing a significant rise in household debt, while net financial savings have declined from their pandemic-era highs. This trend raises concerns about the sustainability of credit-dri
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Bharat Maritime Insurance Pool (BMIP)

Why in the News? World Maritime Day 2026 was observed on 24 September 2026 under the theme “From Policy to Practice: Powering Maritime Excellence.” The theme highlights the importan
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India’s Shift Towards Deterrence by Punishment

​Why in News? At DefCon 2026, India’s Defence Minister outlined a shift in the country’s national security doctrine. He cautioned against the “perimeter fallacy” and h
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Swachh Vayu Sarvekshan 2026

Why in News? The Ministry of Environment, Forest and Climate Change (MoEFCC) organised Swachh Vayu Diwas 2026 on the occasion of the International Day of Clean Air for Blue Skies, observed annu
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Decentralised Grain Storage Plan in the Cooperative Sector

Why in News? The Decentralised Grain Storage Plan in the Cooperative Sector has gained attention because of its progress in expanding local-level grain storage capacity and strengthening agricu
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Geothermal Energy in India

Why in News? The Government of India’s push for geothermal energy development has brought renewed attention to India’s geothermal potential. This follows the notification of the Nat
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National Medical Commission (NMC)

Why in News? The National Medical Commission (NMC) recently proposed a Unique Identification (UID) system for doctors, which would allow doctors to practise across India without requiring separ
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India–Belgium Relations

Why in News? The Belgian Prime Minister’s September 2026 visit to India strengthened bilateral ties through the India–Belgium Joint Statement, the Investment Fast-Track Mechanism, a
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Pichavaram Mangrove Forest

Why in News? A landmark ecological study has estimated the Total Economic Value (TEV) of Tamil Nadu’s Pichavaram Mangrove Forest at approximately ₹2,485.38 crore. The valuation highligh
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UNEP “Limiting Overshoot” Report

Why in News? The United Nations Environment Programme (UNEP) has released a report titled “Limiting Overshoot: Navigating Exceedance of 1.5°C and Pathways Towards Return.” The r
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