Kyoto Protocol: It is legally binding, only members of UNFCCC can become parties to the Kyoto Protocol. Kyoto Protocol was adopted at the 3rd session of UNFCCC. To meet the targets of the Kyoto Protocol, member countries cannot include international shipping and international aviation Countries can use Land Use (LU), land-use change (LUC), and Forestry to meet their Kyoto targets.
India State of Forest Report: It is an assessment of India’s forest and tree cover, published every two years by the Forest Survey of India. The ISFR is used in planning and formulation of policies in forest management as well as forestry and agroforestry sectors. Three categories of forests are surveyed – very dense forests (canopy density over 70%), moderately dense forests (40-70%) and open forests (10-40%). Scrubs (canopy density less than 10%) are also surveyed but not categorised as forests.
Monetary policy committee: is a committee constituted by the Central Government and led by the Governor of RBI. Monetary Policy Committee was formed with the mission of fixing the benchmark policy interest rate (repo rate) to restrain inflation within the particular target level. The RBI governor controls the monetary policy decisions with the support and advice of the internal team and the technical advisory committee.
CAATSA: Countering America’s Adversaries Through Sanctions Act (CAATSA) It is a US federal law enacted in 2017. The Act empowers the US President to impose at least five of the 12 listed sanctions on persons engaged in a “significant transaction” with Russian defence and intelligence sectors. Its “ultimate goal”, “is to prevent revenue from flowing to the Russian Government. Besides Russia, CAATSA is aimed at enforcing sanctions against Iran and North Korea.
Zero Emission Corridor: specific trade routes between major port hubs where zero-emission solutions are demonstrated and supported – can be conceived, prioritized, and designed to accelerate the speed of shipping’s transition. “Green Corridors can help simplify the challenges of zero-emission shipping, bringing solutions to the water faster and at a meaningful scale.
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