Download Learnerz IAS app from the Play Store now! Download



Forest in Financial wealth UPSC NOTE


  • The Supreme Court has asserted in a judgment that forests in India are a national asset and a major contributor to the nation’s financial wealth

  • The Forest (Conservation) Amendment Act (FCAA) 2023, is accused of giving a free hand to States to regularise encroachments in protected forests and determine diversions of forestlands. 

  • The Act has been criticised for paving the way for the commercial exploitation of forests.

  • The court said concepts of carbon credit and green accounting to evaluate a nation’s wealth had become a reality. 

  • A country with excess forest cover would be in a position to sell its excess carbon credit to the one in deficit. 

  • This in turn underlines the significance of forests in contributing to the financial wealth of a country

  • India’s forests serve as a major sink of carbon dioxide (CO2). 

  • The value of mitigation has put a conservative $5 per tonne of CO2 locked in forests, this huge sink of about 24,000 mt of CO2 is worth $120 billion, or ₹6 lakh crores.

  • As per 2022-2023 report of the Reserve Bank of India (RBI) on the macroeconomic impact of climate change and changing patterns of rainfall, India could lose anywhere around 3% to 10% of its GDP annually by the year 2100 due to climate change

  • The report clearly suggests the enormous potential impact of climate change on society, leading to serious job losses in every sector. 

  • Therefore, the adverse effect will be on the future of the nation as a whole, as against an identifiable group



Amritsar,1,April 2024,301,Art & Culture,1,August 2023,251,Courses,7,Daily Current Affairs,48,December 2023,189,Disaster Management,2,Environment and Ecology,54,February 2024,228,Foundation Course,1,GDP,1,GEMS Club,1,GEMS Plus,1,Geography,67,Govt Schemes,2,GST,1,History,2,Home,3,IAS Booklist,1,Important News,71,Indian Economy,46,Indian History,2,Indian Polity,56,International Organisation,12,International Relations,58,Invasive Plant,1,January 2024,240,July 2023,281,June 2022,6,June 2023,268,March 2024,238,May 2022,17,May 2024,233,Mentorship,2,November 2023,169,October 2023,203,Places in News,2,Science & Technology,66,September 2023,205,UPSC CSE,111,
Learnerz IAS | Concept oriented UPSC Classes in Malayalam: Forest in Financial wealth UPSC NOTE
Forest in Financial wealth UPSC NOTE
Learnerz IAS | Concept oriented UPSC Classes in Malayalam
Loaded All Posts Not found any posts VIEW ALL Readmore Reply Cancel reply Delete By Home PAGES POSTS View All RECOMMENDED FOR YOU LABEL ARCHIVE SEARCH ALL POSTS Not found any post match with your request Back Home Sunday Monday Tuesday Wednesday Thursday Friday Saturday Sun Mon Tue Wed Thu Fri Sat January February March April May June July August September October November December Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec just now 1 minute ago $$1$$ minutes ago 1 hour ago $$1$$ hours ago Yesterday $$1$$ days ago $$1$$ weeks ago more than 5 weeks ago Followers Follow THIS PREMIUM CONTENT IS LOCKED STEP 1: Share to a social network STEP 2: Click the link on your social network Copy All Code Select All Code All codes were copied to your clipboard Can not copy the codes / texts, please press [CTRL]+[C] (or CMD+C with Mac) to copy Table of Content