GK Snapsots on 20 October 2021

India in MCGPI 2021:
i.According to the 2021 MCGPI, India needs strategic reforms to revamp the Indian pension system to ensure adequate retirement income.
ii.India has scored 33.5 in adequacy; 41.8 in sustainability; and 61.0 in integrity.
iii.In India, the coverage under the private pension arrangements is only around 6%.
iv.With more than 90% of the total workforce under the unorganised sector, India has to take action to get a larger workforce under pension savings.
v.To improve the adequacy index, the report suggests introducing a minimum level of support for the poorest aged individuals and increasing coverage of pension arrangements for the unorganized.

NITI Aayog Launches Geospatial Energy Map of India

NITI Aayog along with ISRO has launched the Geospatial Energy Map of India which will provide a holistic picture of all energy resources of the country. This map identifies and locates all primary and secondary sources of energy and their transportation.
• The map is designed with the help of five other ministries such as Ministry of New and Renewable energy, Ministry of Coal, Ministry of Petroleum and Natural gas, Ministry of Power, Department of Atomic energy.

Geospatial Energy Map of India was launched by: –

• Rajiv Kumar (Vice Chairman, NITI Aayog), Dr. V K Saraswat (Member, NITI Aayog), and Shri Amitabh Kant (CEO, NITI Aayog).
• K Sivan, Chairman ISRO & Secretary Department of Space attended the launch event.

Global Transport Sector needs $ 49.9tn investment by 2040 to reduce GHG: Report by UNOPS

In accordance with the report by the United Nations Office for Project Services (UNOPS), there is dire need of cleaning up the transport sector to reduce greenhouse gas (GHG) emissions and contain global warming.
• To achieve this, there is also a need for massive investments for green mobility like electric and hydrogen fuel vehicles estimated at $ 49.9 trillion by 2040.

Key Points:
i.The report highlighted that 16% of the GHG emissions are through the transport sector after energy and buildings.
• Energy sector also needs $ 28 trillion investments to overcome this scenario.
ii.Across sectors such as energy, transport, water and digital communications, trillions of dollars of additional infrastructure is needed to meet the targets
iii.UNOPS also warned of the improper investments as earlier which resulted in environmental degradation, climate impacts and socioeconomic vulnerabilities.
iv.The report follows some similar statements by the International Energy Agency (IEA) which also emphasized on investments in renewable energy needed to triple by the end of this decade to effectively fight climate change.

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