Find the current affairs of 2 July 2025. Stay updated with the most important news and events that have occurred on this day. Our daily current affairs updates are carefully curated by GK and Current Affairs experts, ensuring that you receive accurate and relevant information to enhance your competitive exam preparation.
Each update is designed to provide you with a comprehensive overview of the day’s key happenings, including political developments, economic news, technological advancements, and significant social events.
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Highlights of 2 July 2025 Current Affairs
- The Ministry of Environment released draft GHG Emission Intensity Target Rules as part of the Carbon Credit Trading Scheme, applying to 400+ industrial units in sectors like steel, aluminium, and petrochemicals.
- The Bureau of Energy Efficiency will set and monitor these targets, and units failing to comply may face financial penalties under the Environment Protection Act.
- Industries that emit less than their assigned limit will earn tradable carbon credit certificates, encouraging efficient production and emissions control.
- India has existing market-based mechanisms like PAT, REC, and ETS that promote energy efficiency and renewable energy adoption across sectors.
- Finance Minister Nirmala Sitharaman presented a seven-point strategy at the UN’s FFD4 to attract private capital for sustainable infrastructure and development.
- The plan includes de-risking projects, blended finance, improving credit rating methods, and expanding grassroots access to funding for MSMEs.
- UNCTAD’s “A World of Debt 2025” report revealed global public debt hit $102 trillion, with developing countries facing faster-growing and costlier debt burdens.
- The report recommends crisis-time debt service pauses, faster restructuring under the G20 framework, and broader use of IMF’s sustainability funds.
- RBI’s Financial Stability Report shows strong growth prospects, declining NPAs, stable inflation, and a robust banking sector despite global risks.
- Under the Wilmington Declaration, QUAD nations launched a joint observer mission to boost maritime cooperation, security, and support India’s SAGAR vision.
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