IASbaba’s Daily Current Affairs – 16th May 2017

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SECURITY

TOPIC:

General Studies 2

General Studies 3

Ransomware

Introduction

With technology increasingly becoming the global lifeline of government and businesses across it is important to build a safe network. It is further important to build a secure and rule based framework with across the board stakeholder consultation.

Ransomware

Issue:

Understanding:

The intrusion was a phishing attack — persuading a user to open a mail sent by a motivated intruder, an act which, on the face of it, appears to be from a genuine and authorised source, and the result of a malware (WannaCrypt 2.0) assembled, not at one place, but in several centres across the globe.

Worrisome aspects

There are two aspects to the outrageous attack that are worrisome.

Security Concern:

Remedies:

Conclusion:

An eye for an eye will make the world blind was Gandhiji’s wise words. Country’s should tread a careful path especially in a field with such large implications. The only way is to minimize damage through encryption of vital, if not all the data in the hardware or system. There is no case for despair. But there is certainly one for prudence and caution in day-to-day handling of systems and data.

Connecting the dots:

 

ENVIRONMENT

TOPIC:  General Studies 3:

Carbon tax/Cap-and-tax: as a Climate Change mitigation policy

Introduction:

World stands today on the brink of a long-term anthropogenic and ecological change, caused mainly due to our own exploitation of the planet’s resources.

There is compelling evidence that there is a large chance of a global average temperature rise exceeding 2ºC by the end of this century.

Implications:

Mitigation policy

Concept of Carbon Tax

Pricing carbon emissions through a carbon fee is one of the most powerful incentives that governments have to encourage companies and households to pollute less by investing in cleaner technologies and adopting greener practices.

Therefore, carbon tax must be a central part of our strategy for dramatically reducing carbon pollution, a view shared by economists and ecologists.

Basically, a carbon tax would put a price on greenhouse gas emissions (GHG) to encourage a faster changeover to clean energy. This isn’t a new idea; carbon pricing programs have been around for decades.

For example, Sweden has used a carbon tax to reduce greenhouse gas emissions since 1991. Denmark instituted a carbon tax in 1992 and according a study, emissions per person in Denmark went down between 1990 and 2005 by 15 percent.

However, carbon tax regimes will only be effective if harmonised internationally. Different country-wise policies could lead to ‘carbon leakages’ where energy-intensive businesses will most likely move to less strict national regimes.

Why Carbon Tax is a good idea?

IASbaba’s Daily Current Affairs 16th May, 2017

Link: http://iasbaba.com/wp-content/uploads/2016/03/Why-Carbon-Tax-is-a-good-idea-IASbaba.jpg

Advantages of harmonized carbon tax:

  1. A carbon tax regime avoids the problems related to choosing a baseline. In a price approach, the natural baseline is a zero carbon tax.
  2. A carbon tax policy will be better able to adapt to the element of uncertainty which pervades the science of climate change. Quantity limits on emissions are related to the stocks of greenhouse gas emissions, while the price limits are related to the flow of emissions.
  3. Quantity limiting policies are often accompanied by administrative arbitrariness and corruption through rent-seeking. This sends off negative signals to investors. In a price-based carbon tax, the investor has an assured long-term regulation to adapt to and can weigh in the costs involved.
  4. The most contentious issue in any international negotiation on climate change mitigation either at the level of the World Trade Organisation (WTO) or at the United Nations Framework Convention on Climate Change has been the issue of equity between high-income and low-income countries. The price-based approach in the form of carbon taxes makes it easier to implement such equity-based international adjustments than the quantity-based approach.

Challenges/issues:

Cap-and-tax system:

In a cap-and-trade system, government puts a firm limit, or cap, on the overall level of carbon pollution from industry and reduces that cap year after year to reach a set pollution target. As the cap decreases each year, it cuts industry’s total greenhouse gas emissions to the limit set by regulation, and then forces polluters that exceed their emissions quota to buy unused quota from other companies.

The way ahead:

There is much discussion about whether a carbon tax or a cap-and-trade system is the best way to put a price on greenhouse gas pollution.

The simple answer is that it depends on how each system is designed. The design will determine the environmental and economic effectiveness. If both approaches are well-designed, the two options are quite similar and could even be used in tandem.

What’s important is that the price on carbon pollution provides an incentive for everyone, from industry to households, to be part of the solution. Ultimately, the critical factor in reducing heat-trapping emissions is the strength of the economic signal. A stronger carbon price will kick-start more growth in clean, renewable energy and will encourage adoption of greener practices.

Carbon taxes are the easiest and clearest way to reduce fossil fuel use and they also conform to the “free market” philosophy of minimal government interference and regulation. They also conform to two other norms: that people pay for the goods or services they want or need, and that The Polluter Pays.

Countries must negotiate and share policy experiences and researches in this area. They also must decide upon the appropriate forum to discuss and implement any such mitigation policy. The WTO could be the preferred forum, given the important nexus between international trade and climate change.

Connecting the dots:

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