Current Affairs - International

India, Nepal, and Bangladesh have signed a trilateral power trade agreement that allows Nepal to export 40 MW of electricity to Bangladesh via India's grid, utilizing the Dhalkebar-Muzaffarpur transmission line. The agreement not only facilitates the export of electricity but also involves plans for the Sunkoshi-3 hydropower project and a study for developing a new cross-border transmission line, further strengthening regional energy cooperation.

India joined the International Energy Efficiency Hub in July 2024, becoming one of the 16 countries participating in the global initiative. The Union Cabinet approved India's participation by signing a letter of intent, underscoring the country's dedication to sustainability and reducing greenhouse gas emissions. Other member countries include Argentina, Australia, Brazil, Canada, China, France, Germany, Japan, Russia, Saudi Arabia, the US, and the United Kingdom. This move supports India's efforts to combat climate change and promote eco-friendly practices.

Italy hosted a G7 leaders' call on October 2, 2024, to discuss the escalating crisis in the Middle East, particularly focusing on the situation along the Israeli-Lebanese border and Iran's missile attacks on Israel. Italian Prime Minister Giorgia Meloni, as the current G7 chair, emphasized the importance of diplomacy in resolving these tensions. Italy's role as the chair of the G7 positions it to lead diplomatic efforts, advocating for the implementation of U.N. Resolution 1701 and proposing enhancements to the UNIFIL peacekeeping mandate, highlighting its commitment to regional stability.

The first shipment of 100 land-based Harpoon anti-ship missile systems ordered from the United States arrived in Kaohsiung, Taiwan, on September 27, marking a significant milestone in Taiwan's defence capabilities. This delivery is part of a $2.22 billion deal signed in 2020 for the US to supply Taiwan with up to 100 shore-mounted Harpoon Coastal Defense Systems and related equipment. The total package, including additional facilities, amounts to $2.69 billion. Taiwan and US officials have discussed expediting the arms shipment timeline, aiming to secure over half of the Harpoon missiles within three years and the remainder by 2029.

The World Green Economy Forum was launched in Dubai under the patronage of Sheikh Mohammed bin Rashid Al Maktoum, focusing on climate change, decarbonization, and sustainability solutions. Dubai's World Green Economy Organization also hosts the World Green Economy Summit, a leading global forum on the green economy, which brings together world-class experts to advance the global green economy and climate action agenda. The summit aims to achieve the goals of the Paris Agreement and Agenda 2030, promoting sustainable development and green economy transition.