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UAE launches 10-year Blue Residency visa for environment contributors — Details here

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

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Summary

As the UAE continues its Year of Sustainability (2023–2024), the Blue Visa initiative aligns with the country’s long-term goals of promoting environmental conservation and sustainable practices.

The UAE Cabinet has approved the 10-year Blue Residence visa, aimed at recognising and supporting individuals who make significant contributions to environmental protection. The announcement was made by Sheikh Mohammed bin Rashid, Vice President, Prime Minister, and Ruler of Dubai, following a Cabinet meeting at Qasr Al Watan in Abu Dhabi on Wednesday, May 15, 2024.

Sheikh Mohammed bin Rashid emphasised the UAE’s strong commitment to sustainability, stating on X, “The sustainability of our economy has become linked to the sustainability of our environment, and our national directions in this area are clear and consistent.”

As the UAE continues its Year of Sustainability (2023–2024), the Blue Visa initiative aligns with the country’s long-term goals of promoting environmental conservation and sustainable practices. Here’s a comprehensive look at the new visa:

What is the UAE 10-year Blue Visa?

The UAE has introduced the Blue Residency, a long-term residency program designed for environmental advocates. This 10-year visa is intended for individuals who have made exceptional contributions to environmental protection, reflecting the UAE’s dedication to fostering sustainability both domestically and globally.

Eligibility for the UAE 10-year Blue Visa

The Blue Visa will be awarded to those who have shown outstanding commitment and impact in various environmental sectors. This includes work in marine life conservation, land-based ecosystems, air quality improvement, sustainability technologies, and the circular economy. The initiative is part of the President’s directive to extend the Year of Sustainability, highlighting the UAE’s ongoing efforts to support global environmental sustainability.

Application Process for the UAE 10-year Blue Visa

Individuals who meet the eligibility criteria can apply for the Blue Visa through the Federal Authority for Identity, Citizenship, Customs, and Port Security (ICP). Additionally, relevant authorities can nominate deserving candidates for consideration.

The Blue Visa offers numerous benefits, including long-term residency in the UAE, opportunities for collaboration on environmental projects, access to funding and resources, and recognition for their environmental contributions. This initiative not only supports environmental advocates but also reinforces the UAE’s commitment to a sustainable and greener future.

Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout

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Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

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index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95
index Price Change
nifty 50 ₹16,986.00 -72.15
sensex ₹1,882.60 +28.30
nifty IT ₹2,206.80 +30.85
nifty bank ₹1,318.95 -14.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95

Currency

Company Price Chng %Chng
Dollar-Rupee 73.3500 0.0000 0.00
Euro-Rupee 89.0980 0.0100 0.01
Pound-Rupee 103.6360 -0.0750 -0.07
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Zoomed Out | Critical Minerals — why India’s current strategy to become self-reliant is so vital

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

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Summary

Internationally, there are genuine security concerns related to the criticality in building more diverse and dependable value chains for critical minerals, about their environmental and social sustainability, and technological challenges. While, India has taken the right steps for creating an ecosystem for accelerated exploration and production of critical and new age minerals, observes FICCI Mining Committee Co-Chair Pankaj Satija.

This June, India came out with its first comprehensive report on critical minerals, where it identified a list of 30 minerals in a focussed strategy to push the country towards “self-reliance” and create an ‘Atmanirbhar Bharat.’ These minerals include Antimony, Beryllium, Bismuth, Cobalt, Copper, Gallium, Germanium, Graphite, Hafnium, Indium, Lithium, Molybdenum, Niobium, Nickel, PGE, Phosphorous, Potash, REE, Rhenium, Silicon, Strontium, Tantalum, Tellurium, Tin, Titanium, Tungsten, Vanadium, Zirconium, Selenium and Cadmium.

The Ministry of Mines of India defines critical minerals as those minerals that are essential for economic development and national security. They are essential to all industrialised nations as well as developing countries.

Energy, communications, space and nuclear sectors and a few others are dependent on various critical minerals and rare earth elements. These minerals are predominently used in products ranging from mobile phones, computers, batteries, electric vehicles to green technologies like solar panels and wind turbines.

Based on their individual needs and strategic considerations, different countries create their own lists of critical minerals — the US has a list of 50 minerals, the EU has 34, the UK has 18 minerals, Japan has a set of 31 minerals and Australia has identified 26 minerals. The Indian Economic Survey 2022-23 termed the availability of rare earth elements and critical minerals as the next possible “geopolitical battleground” just as crude oil has been over the last 50 years.

According to the latest IEA World Energy Outlook Special Report, the rapid deployment of clean energy technologies as part of energy transitions implies a significant increase in demand for these minerals. An electric car requires six times the mineral inputs of a traditional car and an onshore wind plant requires nine times more mineral resources than a gas-fired plant. Thus, shift to a clean energy system is set to drive a huge increase in the requirement for these minerals.

As energy transitions accelerate, clean energy technologies are also becoming the fastest growing segment of demand. As per the Indian Economic Survey 2022-23, domestic electric vehicle (EV) market is expected to grow at a CAGR of 49% between 2022 and 2030 and is expected to hit 1 crore annual sales by 2030. Consequently, demand for ACC (advanced chemistry cell) batteries is expected to grow at a CAGR of 50%.

Global Scenario for Sourcing Critical Minerals

While critical minerals are found in large extents across the globe, extracting and refining them is costly, technically difficult and energy intensive. In the current scenario, China dominates the entire value chain accounting for more than half of the world’s production of battery metals including lithium, cobalt, and manganese, and as much as 100% of rare earths.

China controls 72 per cent of the world’s solar modules, 69% of lithium-ion batteries and 45% of wind turbines and  produces 63% of the world’s rare earth elements, including 45 per cent of molybdenum. It has also taken a majority stake in the cobalt mines of Democratic Republic of Congo, which in turn produces 70% of the world’s output.

Currently, Australia is the world’s largest producer of lithium. However, more than 99% of value in the lithium battery production is added during chemical processing, cell manufacturing and assembly, which is currently dominated by China.

Internationally, there are genuine security concerns related to the criticality in building more diverse and dependable value chains for critical minerals, about their environmental and social sustainability, and technological challenges.

The complexity of the value chains, high investment overheads for processing and small markets imply that only a handful of businesses or countries participate in the critical minerals market. Recent geopolitical events such as Covid-19 pandemic, Russia-Ukraine war, US-China trade disputes and others  have further complicated global supply chains. 

India’s Momentous Drive for Sourcing Critical Minerals

India through the “Panchamrit” vision has committed to five broad climate change mitigation strategies in UNFCCC Conference of Parties COP26 in Glasgow, including growing its non-fossil fuel energy capacity to 500 GW by 2030, reducing the carbon intensity of the economy by 45 percent (compared to 2005 level) by 2030, and achieving the target of Net Zero emissions by 2070. Decarbonisation will require critical minerals for India’s transition towards renewable power generation and electric vehicles. 

Also Read: India launches first round of auction of critical minerals…

India started its journey for sourcing critical minerals many years back, when an early initiative in this direction came from the Planning Commission of India (now NITI Aayog) in 2011 which highlighted the need for the strategic mineral resources for our industrial growth. It analysed 11 groups of minerals under metallic, non-metallic, precious stones and metals, and strategic minerals.

In 2016, the Department of Science and Technology (DST), in collaboration with the Council on Energy, Environment and Water (CEEW), came out with the Critical Minerals Strategy for India in 2016, which identified 13 minerals that would become most critical by 2030.

Then, in 2019, India set up an expert committee on exploration and sourcing of critical minerals for tie-ups with other countries, specifically for cobalt and lithium sourcing from Australia, Argentina and Bolivia. India also created KABIL (Khanij Bidesh India Limited), a joint venture of three public sector companies, to ensure sourcing of critical and strategic minerals for supply to the domestic market. Finally, in June this year, India released a comprehensive list of 30 critical minerals.

The Geological Survey (GSI) of India has shifted its focus to finding out new resources of critical and deep-seated minerals through advanced exploration techniques. Further, the amendment in the MMDR Act in 2021 allowed accreditation of private exploration agencies and using national Mineral Exploration Trust (NMET) funds for exploration of new deposits through these agencies. India’s first and the only lithium deposit with 5.9 million tonnes of reserve has been discovered in Jammu & Kashmir by the GSI.

The MMDR Amendment Act, 2023 came out in August with focus on critical minerals, where it emphasised on exploration of critical minerals where a private exploration agency can explore the block for grant of mining lease through auction. It is expected to attract junior mining companies having expertise in exploration of specific deep-seated and critical minerals such as REE, gold, lithium, platinum etc.

The Amendment Act also removed six critical minerals from the list of atomic minerals (lithium, beryllium, titanium, niobium, tantalum and zirconium) and placed them with other minerals which shall be auctioned by the Central Government. Thus, it has allowed private sector participation in such critical minerals, which would bring advanced technology, finance and expertise, thereby accelerating exploration and production of critical minerals in the country. 

Global Collaboration for Sourcing Critical Minerals

India,  due to limited availability of resources and processing facilities of critical minerals within the country, is now collaborating with different countries for smooth operation of the entire critical material value chain from mining, processing to manufacturing activities.

The Resilient Supply Chains Initiative (SCRI) between India, Australia and Japan agreed in September 2020, and more recently, the agreement among the Quad countries to set up a working group on critical materials and technologies is a step in the right direction.

India and Australia have also signed the Critical Minerals Investment Partnership for working towards investment in critical minerals projects to develop supply chains between the two countries. In 2020, India, through KABIL, also signed an agreement with an Argentinian firm to jointly explore lithium.

Australia’s Critical Minerals Facilitation Office (CMFO) and KABIL had recently signed an MoU for reliable supply of critical minerals to India. In June, India joined the Minerals Security Partnership (MSP), a US-led alliance of 14 developed countries. Further, India is exploring its mode of association over critical minerals through KABIL with countries like Brazil, DR Congo, Chile, Argentina, Mongolia etc. An MoU has also been signed on the possibility of exploration of lithium in Argentina. 

Thus, India has taken the right steps for creating an ecosystem for accelerated exploration and production of critical and new age minerals. It will definitely support India’s vision to become a self-reliant and a developed nation, while leading global efforts on climate change and sustainability.

 

The author, Pankaj Satija, is Co-Chair, FICCI Mining Committee. The views expressed are personal. 

 

Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout

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Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

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index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95
index Price Change
nifty 50 ₹16,986.00 -72.15
sensex ₹1,882.60 +28.30
nifty IT ₹2,206.80 +30.85
nifty bank ₹1,318.95 -14.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95

Currency

Company Price Chng %Chng
Dollar-Rupee 73.3500 0.0000 0.00
Euro-Rupee 89.0980 0.0100 0.01
Pound-Rupee 103.6360 -0.0750 -0.07
Rupee-100 Yen 0.6734 -0.0003 -0.05
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Climate Clock Podcast Ep 2: Saher Bhamla explains how to master zero waste living

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

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Summary

In the second episode of The Climate Clock Podcast, CNBCTV18’s Sonal Bhutra speaks to environmentalist Saher Bhamla and Director at Bhamla Foundation, to understand the world of sustainable living and provide a practical guide on how individuals can lead a zero-waste life.

In a world increasingly aware of environmental issues, living a zero-waste life has emerged as a powerful way to reduce our ecological footprint and contribute to a healthier planet. In the second episode of The Climate Clock Podcast, CNBCTV18’s Sonal Bhutra speaks to environmentalist Saher Bhamla, Director at Bhamla Foundation, to understand the world of sustainable living and provide a practical guide on how individuals can lead a zero-waste life.

Unedited excerpts from the podcast:

Sonal Bhutra: This is the second edition of Climate Clock podcast and we have a very special guest with us, Saher Bhamla. Saher Bhamla has been towards working towards environment since the age of 15. She started with a beach cleanup followed by many other events for the environment.

She started engaging in more activities with the Bhamla Foundation, which is founded by her father Asif Bhamla. She’s also associated with the UNEP and has started the youth wing of the Bhamla Foundation, which is called One Earth Network. Here they are building a community of youth that participates and comes up with solutions towards a sustainable future and have 15,000 young eco champs and volunteers spread across India.

But what caught my eye is that you started working towards climate change when you were 15. That’s really young, what led to this, was it something that you saw around? Was it taught to you in the school, tell us more?

Bhamla: I have been born and brought up in Mumbai. Mumbaikar’s are extremely close to the ocean, we love the waves, it gives us a special kind of joy and peace. I was in Bandra and Carter Road was just like one minute away from my house, I’ve spent my entire childhood going to the park and then later on we started working out and walking and all of that. When I was 15, that was when I selected environmental science as a subject in my school. So I started realising that these are the issues that the planet is facing. It was a conversation that happened every day in my class, because we had one class every day of environment science. Then I would go to Carter Road and I would see this unsettling thing – our mangroves were entangled in plastic, it was the worst thing I would see. And I hated it. I can’t express how much of heart ache I got seeing that because our ecosystem is being treated like a junkyard and it is us humans who did it. So the anger was there. I would come back home and I would think what should I do? Then again, the next day I would go for a walk I would get angry and I would come back home and think what should I do?

Then I was like, someone has to start it and if I don’t do it, who’s going to do it. So it started off with a beach and mangrove cleanup because mangroves are the root of the ocean. If that is not protected, then our city would have so many floods. So that’s how the journey started.

Let me tell you one thing, that decision at the age of 15 I made to do a beach cleanup is the most empowering thing I’ve ever done. It’s the strongest thing I’ve ever done. If you ever tell me that tell me one thing that gives you happiness, tell me one thing that makes you feel empowered, it is that one decision, because I also had school, I had to meet my academic responsibilities as well. So there were two things – the focus was not only education, the focus was also to bring the change, and both took their time.

Sonal Bhutra: With One Earth Network and Bhamla Foundation, what are some of the climate projects that you’re working on? And did you get a push back when you said I want to go ahead and clean mangroves, what was your initial experience like when you just decided one day that I have to do this? Did people come to you and support you in that cause?

Bhamla: There were a lot of people while I was doing this and even now they think why am I doing this? Do I not have anything else to do? They don’t realize that I love my country and I want to do this.

I didn’t really have a lot of push back. No one would stop you from doing something.

Sonal Bhutra: Did they support you? Did they come and join you?

Bhamla: Yes, I did get a lot of support. Like you mentioned today there are 13,000 volunteers that are there in the foundation. That is itself a lot of support for me. When you’re doing a beach cleanup – and that was when I was 15 – I thought I will do four to five cleanups and it’s going to be sorted. It was just very immature at that time. I didn’t even know how to clean the beach. Now if you clean the beach there are so many technicalities, when you’re removing your trash, you’re supposed to remove the sand, you have to be very careful with the plants and the mangroves, you can’t just break them. It is our ecosystem.

We have 8.7 million species on our planet, we have to coexist with them. What we humans think is that this is only our planet, we have all the rights to it, but that is not the case. It is a planet for a lot more plants and animals that we don’t realize.

I feel I want to bring behavioural change amongst people. Doing a beach cleanup is there, I can get schools now, there are so many people who want to volunteer. It used to be an issue when initially it started, but now people have started becoming aware.

If I just put a post on Instagram, just one poster on Instagram with a form, there itself I have 200 registrations for my general cleanups. But behavioural change is something that is extremely important because if we do not change our lifestyle, if we do not change our habits, then there’s no point.

Also read: How CEO of Recircle Rahul Nainani makes a living of waste management

Sonal Bhutra: So you speak about that change and before I also talk to you about all the other things other than beach cleanups that you’ve been involved in, you work with the various people, different strata of the societies as well be it the underprivileged side, be it people of the higher levels, do you see a change in that behavior as well in different segments of the society, that one segment is more aware about it, the other doesn’t care, or vice versa, for that matter?

Bhamla: The low income groups have their own challenges. They themselves are struggling to meet ends in a city like Bombay, but 80 percent of Bombay, I think, is slum. So that is our focus. So when it comes to the low income group of society, there is just a little bit more counseling that is needed. We have to understand them. One thing I’ve realized is that they do not have any waste management. And if you don’t have waste management, all of it is going to end up in the ocean or in the landfill. And this issue needs to be addressed, because we need to be zero waste as a city. And as a country overall, it’s a huge country, and Mumbai, itself is like four European countries. So it’s not easy for even the authorized people to do a lot of things. But we as humans can do it for the betterment of the society and what we do is to put our message out there to make the masses understand the issue for them to realize the problem. We come up with these musical anthems. Because when you talk about environment, the first thing that comes to your mind is it’s a lecture. It’s a class, it’s a conference where there are people sitting writing down a few things, have various files and we don’t know what’s happening after that – they have so many plants that is there. And we all know what has to be done. The question is, who’s going to come and do it?

So we started curating these musical anthems on various themes. The United Nations Environment Program comes up with a theme around the World Environment Day every year, and we work on it throughout the year. So like, this year, it was beat plastic pollution, last year, it was only one earth, before that it was ecosystem restoration. And before that, it was air pollution. And again, before that, five years back, it was plastic pollution when India was a global host. So you see plastic is a huge issue. That’s why even the UN came up with the theme again in five years, because that one piece of straw that we use for 10 minutes remains in the environment for 500 years. It turns into microplastic, it is in the ocean, fishes and sea animals think it’s food, they end up eating it and then we eat those fishes and the plastic ends up in our blood.

Sonal Bhutra: So that’s a problem. That’s like it’s coming back to you. Basically, what you’re throwing in the ocean is coming to you.

Bhamla: It’s karma.

Sonal Bhutra: As you said, behavioral change is the first step. Waste Management is the first step.

Bhamla: And then I started to do realize that everyone is not going to listen to me. If my target audience was the masses, it was not only the classes and I’m not an influencer, I’m just doing my bit. And tier one, tier two, tier three, they really enjoy songs and dance and they really enjoy watching our actors. They idolize them, a lot of them. Because if Sachin Tendulkar says something, they tend to follow it. Kapil Sharma went plastic-free on his show, and he had just tweeted about it, we had propagated that because we are known to so many of them. He went plastic free, and he just put out a tweet that I’m going plastic free, I urge all my fans also to start making conscious changes, and they would start talking about it. Then we would get emails, on Twitter – social media is so empowering at times, it really does connect us to the world. So people would send us messages and emails that if Kapil Sharma is doing this, even I’ve removed plastic from a house. I sweat it has happened. So I don’t know the impact these actors have, the influence they have over people is massive, their influence is influencing in a positive way now. So that’s how Alia Bhatt, Bhumi Pednekar all of them are part of the campaigns.

Sonal Bhutra: That’s amazing. And hopefully, the positive message is going across. And that’s what really matters at the end of the day. So you said you work with the Bhmala Foundation since the age you were 15. And you’ve stepped up there and also started a separate baby company or a separate outfit of that that’s called One Earth Network.

Bhamla: It is a youth wing.

Sonal Bhutra: What empowered you to do that separately? What are some of the learnings that you had from your father? Because he’s been doing that for a long time?

Bhamla: Yes. So I’ve always wanted to build something for myself. I never wanted to be answerable to anyone about the things I want to do in life. And it’s not that I’m still working in the foundation as well. But we have 13,000 young people working not only in Bombay, it is across India, it is a pan-India Foundation, we have a base in Rajasthan, we have a chapter in Kashmir, where I led the Dal Lake cleanup for one week, then we have a section in Delhi. So there are so many places. Kerala is something that we are really keen on working on. So why not just give them – I wanted to give them an identity. One Earth Network is something that you’re a part of, and I wanted these young people – they wanted to do it, I didn’t want to do it, it was just a lot of conversations that we had and then we came up that let’s do like a One Earth Network where young people go out there, see the problem that is happening, find the solutions, and then we implement it together. Because the foundation does have the resources to fix a few issues that are there.

Also read: Climate change, veganism, wardrobe detox and much more with Aakash Ranison

Sonal Bhutra: So One Earth Network is a separate organization, which is focusing on environment cleanups or beach cleanups or maybe generally fight against climate change. As you said, if the youth wing of Bhamla Foundation. People usually don’t listen to youngsters, so there would have been some challenges for sure that you yourself faced as a young activist against climate change. Tell us something about that. And also, I wanted to understand what is the message that you would like to give to your peers, to the young generation when it comes to this fight against climate change?

Bhamla: I keep on talking about a sustainable lifestyle, a zero-waste lifestyle because it is very important, otherwise, we all will be drowning in garbage if we don’t shift our lifestyle into better options. But a lot of people, I have realized, when I’m talking to are volunteers, sometimes we end up meeting their parents and we make conversation because even I’m trying to understand what people think about climate change. So I can work in that direction that would help everyone. So what they think is climate change and doing things being environmentally friendly is extreme. It’s either left or right. So the ones who are very conscious are extremely conscious, which is amazing. It’s something I want to do, but the ones who are not conscious think that it is not possible. They think it’s very tough. They think that changing your attitude might not – I don’t know there is something going on in their head. Climate change is nothing. They think how we would do it because plastic and disposables are available to us in such an easy manner that they just end up buying it and now people have started living a life of convenience. Earlier if you see 50 years back, that was not the scenario, not only not 50 years even if you talk about 20 years, our homes had matkas, we never had a plastic bottle ever. Did you ever have a plastic bottle?

Sonal Bhutra: I still don’t use one.

Bhamla: We used to shop local. Everything that comes in a packaging does have an impact on the environment. And when we have the option to shop local still I don’t know why people – it’s like I mentioned behavioral change, starting to realize, starting to co-exist in with a planet is something that people should come to terms with.

Sonal Bhutra: And that is a message that everyone – because I think as you said, it’s convenience at the end of the day, which everyone’s looking at. You can quickly get a water bottle, let’s not carry one. You can quickly just get packaged food, let’s not get something from the local vendours.

Bhamla: I have gone to houses where they have disposable plates. They’re using it on daily basis. They don’t have reusable plates. They have these disposable plates. They eat once and then they throw it. I just went to see the garbage in their dustbins, it was massive. And food wastage is also the second biggest reason for global warming. And sometimes even I tend to waste food, which is not right. Our fridges are filled with so much of food. We stack things for one month. And earlier, it used to be only for two-three days, it was never four months, half of it gets expired and thrown away.

Sonal Bhutra: That’s true. After one month, and you’re like, oh, we can’t use it anymore. That happens very often.

Bhamla: I know. It’s in my own house. My uncle, my dad’s brother buys four-four bottles of ketchup. I don’t know why he’s doing that. I go to his house and I’m seeing what’s this. He stacks rice for three months in one go. That’s not right.

Sonal Bhutra: So when you said there are extreme opinions as well, do you believe in the activist side where people are going ahead throwing oil on paintings to prove a point?

Bhamla: Absolutely not. I understand it is anger. But if you’re angry, you must go and do something for the environment. They uses shock as a way of getting the message out there. But this is not right and I do not support it. And how does it make a difference? You tell me. Spilling oil on a painting, did it actually do anything for climate change? The person just came in news for the next two weeks. Also, I do not understand if you really love this earth, you must do something for it. By spilling oil on a painting, you’re doing absolutely nothing. And it is very wrong. Negative activism will not take you anywhere. You asked me that do you face any challenges. Coming to this, the most powerful tool that anyone can use is love. And when you want people to listen to you, you have to give them love. I can’t give them anything else. But the least I can give is love. And this is only hate what they’re doing.

Sonal Bhutra: Be in the system to go ahead with the system and change the behavioral aspect that you are talking about.

Bhamla: Yes, absolutely.

Sonal Bhutra: I do take that point and that makes things easier for the society to come together.

Bhamla: It divides the population. This is extreme, I don’t understand. I was very upset when I keep on seeing all this. It happens very often now. Because it gets covered on social media and it just gets popular. But in terms of change, there is no change that has happened.

Sonal Bhutra: We are glad the change that you are bringing about so when I was asking you apart from beach cleanups, you have gone from Mumbai to Kashmir as well – the Dal Lake cleanup.

Bhamla: I love Kashmir, so I had to do something.

Sonal Bhutra: So, what is next on your to do list now. Is there something different that you are planning and what are the other aspects that you want to cover or have covered?

Bhamla: We do have a lot of plans normally we make a plan in December only for the next year that is happening. So, building green spaces in the city. Starting from the city is something I am very keen on because we have so much of pollution, air pollution, plastic pollution, we are breathing the worst air possible. It is so toxic, and it is not even an option to breathe better. So green space is something that I am extremely keen on. We have already started working with a lot of schools and colleges on this because they have their parks and they have their grounds, and that is where we can build like an urban forest. And the good thing is the students start getting involved because once I build it then we obviously keep a check on it, but we request the students, the ones who study biology and sciences, basically to understand it, and to do the needful for the forests, and then we also have a campaign called Ecobiz that is involving the entire business community because like you mentioned, we work with a lot of people who have an influence, the pioneers and for example from construction, the amount of waste that construction is doing all of it is thrown in a mangroves, the amount of debris that is there, it is horrible and right now our city is literally under construction. So, the pioneers from the field of construction, education, even medical all of them come together, there is a plan of action that they themselves give it to us. It’s not that the business does not want to work for the environment, with whatever my experiences, they all have been very pro-change and if you see now there is a 360-degree turn. It used to be companies that used to pollute the earlier, but now it is us individuals who are doing it more than them. I mean, they still do it. It’s not that they are not doing it. But we individuals have crossed everything.

Sonal Bhutra: That is not a good statistic to talk about. But of course, we can work on it. So, as you pointed out that you are planning things across the city in terms of green spaces. Space is a problem in Mumbai. We all know that. So, in that case, apart from Mumbai, whatever plans you have in place, have you had conversations with the government something that you would want to tell them because come December what we saw last year, the problem with that crazy smog that should not be happening, any word with the Brihanmumbai Municipal Corporation (BMC- governing civic body of Mumbai), or the government, generally, policymakers?

Bhamla: All our campaigns, most of them is with the Municipal Corporation of Greater Mumbai (MCGM) or BMC (as popularly known in the city); a lot of them is with the Ministry of Environment, forest and climate change, and they always do support good work. And it is not only mine, if you see any other person who is bringing a change. There are so many youngsters who are doing beach cleanups, there are so many people who are doing their bit. And it’s never that the BMC or local authorities have not supported. It might be a little slow. It might. I have not felt it, but on behalf of others, but it is never ignored. For example, I used to always have this question that I am cleaning the beach. The waste is going in the landfill after it’s been cleaned. So, I wanted to change that. Landfill is better than the ocean because the waste in the ocean is killer. Sea animals eat it, and they end up dying on the spot. It is killer, it is toxic, it is the worst thing possible you have to get the waste out of the ocean because the sea animals end up eating like I mentioned, and plastic is there in our blood, in the air we breathe, every single place. So, for a very long time the waste was collected from the beach, and it used to go on the landfill. The BMC would collect it, there is a segregation that they have in the outskirts, but not everything is segregated and even when it comes to plastic segregation, only the recycled plastic can be recycled. There are different types of plastics. I recently saw somewhere that your chocolate wrappers are not recycled, those toffies we eat – that is not recycled, but food choices are not something I can’t comment on, but what we can do is buy those bigger slabs of chocolates. Coming back to BMC, it is there in the landfill. It is not harmful to any living thing but there has to be an end to it. So, I wanted to start a recycling plant, and we have started it luckily. So, it required a lot of help from these policymakers, from the government, it is not an easy thing. So, when we started it, everyone really did support us. It became a lot easier because we had them on board with us. You have to work hand in hand with everyone. A lot of people like you asked me that, what is the challenge in your activism that you face? The thing is that individual citizens think that it is not our job, we are paying taxes, it is the government’s job to clean it. But climate does not work like that, environment does not work like that. Even if the government alone does it, it needs the involvement of citizens, it needs the involvement of corporates, if we all come together, it is a collaborative effort that has to be made. You can’t be like I am paying taxes and it is done. Where all sorts of waste is being recycled from your dry waste, wet waste, e-waste. And it is my focus for, I don’t know the next how many years, but I do wish to segregate all the waste. Waste segregation is the most important part of recycling. If your waste is not segregated, you cannot recycle it. And it is the most tedious part because it requires a lot of manpower as well, and there as well I also like to generate employment. There are so many ragpickers who are into wrong things because they also have their own struggles in life. So, giving them employment was something that made me also feel very happy about that I am helping someone in a way he has a job. So, segregation takes hours and hours. We have so much of waste coming from various buildings of Bandra then from the cleanups that we do regularly.

Sonal Bhutra: You basically recycle or collect at least 15 tonne of waste is what I read.

Bhamla: Yes. I am guessing it is a little bit more now. That was not updated.

Sonal Bhutra: But that would be over how many years? Just an approximate timeframe.

Bhamla: It’s been about 8-10 years.

Sonal Bhutra: And that is just a particular locality that you are talking about. So maybe over the city, it would be crazy.

Bhamla: Bandra itself is so challenging. Like it told you, the city is so big, that Bandra only is so challenging, but we do work a lot in the rural areas of Maharashtra as well, in the outskirts and there is a lot that is happening. The other thing that is my focus is, this was an initiative not campaign done by my father, but I take great inspiration from him in this thing because he saw the vision of converting waste into energy a few years back, and if you see at Pali Hill, we have a biogas plant. So, all the waste of Pali Hill, whichever is collected goes to that plant and waste is converted into energy and the streetlights, which earlier the bill used to come for Rs 10-12 lakh a year at Pali Hill only, now it is free of cost because the streetlights are generated from that. The second plant is still in the plan at Navi Mumbai.

Sonal Bhutra: However, I have to ask you before I let you go, because this has been such an interesting conversation. You have been working you said on this project or in this field for the last many years since you were 15. Any one incident that maybe shocked you or maybe surprised you, any conversation with someone when you were on your cleanup drives, something that you learn something from or you would like people to know that okay, this is not something that should be done. Either way, it’s something that is in your mind.

Bhamla: There are many-many incidents. If you ask of one, it just gets a little tough. But what I like to see is there is a very old lady, I think she is 70. She does not come regularly. But she makes it a point that at least once in two months she is coming for a cleanup and when I see her having a blast during the cleanup, it is just something inspirational. I like seeing her every now and then. And there are young students who come up with their own ideas and they come, and they speak to us and that is when I enjoy because I feel they are being involved in it. So, the main reason for beach cleanups now; earlier when I was 15, it was for my own cheer angle that I am going to clean it. But now, the reason why we involve these students is because we want them to see the problem. When you see the issue, you start to realize that – look what have we done. If I wouldn’t have had seen, if I didn’t go for my walks at Carter Road, I wouldn’t have seen it and maybe I would have had never started doing it. So, when you see it, you automatically get heartache, any normal person who has a heart will feel bad because it is very bad, the site is very bad, it’s still bad because the ocean keeps on going on the waist.

Sonal Bhutra: And we get that when it rains, we get it back.

Bhamla: It is very bad. Our Prime Minister himself cleans the beach with his own hands. It is a subtle message that he wanted to put across that if I am cleaning it, if me being the Prime Minister I am going for a beach cleanup — he could have gotten so many people to clean it and he would be standing there — that could have been done, and that is how other countries have been doing, like if the Prime Minister want to show a message on climate change. But he chose to do it with his own hands and even he speaks about environment from the Red Fort. It is not a topic that the Prime Minister normally used to talk about if you have seen in the past, or even if you see other Prime Ministers, not from the Red Fort. They don’t talk about environment; they don’t talk about toilets. But we can see that even he loves it.

Sonal Bhutra: It is a mainstream conversation now and that is what the idea is that we want to make this conversation a daily conversation, a dinner table conversation so that we relate with it and we try and understand how our daily habits are impacting the environment, just that you said, so many ketchup bottles, using disposables at your home.

Bhamla: When you go to McDonald’s — this is not in America I recently went, I saw there was some machine where you remove the ketchup from. But if you go here, even at a McDonald’s, they are giving you sachets; there are salt sachets, there are sugar sachets, there is just so much of packaging that is in and around your daily life. If you go to a hotel now, and people never carry their shampoos; people who I know, people from my own family at times do this, like not from my immediate family. So, when you go to a hotel, we end up using toothbrushes, shampoos, look at the amount of packaging, the comb comes in packaging and in one day we must be using two-three of them. So, imagine the waste we are generating as humans and it is not difficult to carry your own stuff to wherever you are traveling, but it is the laziness and convenience.

Sonal Bhutra: So, we ae doing a lot of things at the back of convenience and also because a lot of them are unaware of the impact I would say of their daily habits or daily consumption patterns. So, with this conversation, I hope we have been able to at least start a debate on what is right and what is not right when we do our daily activities in terms of consumption as well.

Bhamla: I just request, like you mentioned make a checklist. Remove three things from your daily life. The top three things is your coffee mug. I am sure in Bombay a lot of people go to cafes carry your own mug. So that is where you avoid that disposable mug and it is something a lot of people consume. So, carry your own coffee mug, carry a water bottle. I really liked it that you gave me water in a glass. There are times when I feel scared to ask for water because what if they get it for me in a plastic bottle and here you got it in a glass and I was like, Thank God. And at home make a checklist that these things are not important, and I can do without it and go ahead without doing that.

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nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95
index Price Change
nifty 50 ₹16,986.00 -72.15
sensex ₹1,882.60 +28.30
nifty IT ₹2,206.80 +30.85
nifty bank ₹1,318.95 -14.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95

Currency

Company Price Chng %Chng
Dollar-Rupee 73.3500 0.0000 0.00
Euro-Rupee 89.0980 0.0100 0.01
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Watch | Haryana CM Manohar Lal Khattar rides a motorcycle to promote Car-free Day in Karnal

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

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Summary

Earlier this month, the Chief Minister had announced that every Tuesday will be observed as Car-free Day in Karnal.

Haryana Chief Minister Manohar Lal Khattar on Tuesday took to the streets of Karnal on a Royal Enfield motorcycle to endorse the ‘Car-free Day’ initiative in the district. According to reports, CM Khattar was seen riding a bike to Karnal Airport.

CM Khattar had previously announced that every Tuesday in Karnal would be designated as a Car-free Day. All government officials and the public have been advised to commute by bicycles and public transport on Tuesdays, as part of a broader effort to combat pollution and promote sustainable living.

CM Khattar shared a video of his motorcycle ride in Karnal on the social media platform X.

“Be it ‘Car-free Day’ or the resolve to make ‘Drug-free Haryana’, it cannot be accomplished without public cooperation. I also made a small effort to reduce car traffic today by travelling to Karnal Airport by bike on ‘Car-free Day’. I hope that the people of the state will take this message forward and inspire others to give up their cars ‘just for one day’,” CM Khattar tweeted in Hindi.

 


The Chief Minister introduced the Car-free Day initiative while addressing a gathering of youth on September 25 during the flagging-off ceremony of the Drug-free Haryana Cyclothon rally in Karnal, according to reports. Before inaugurating the rally, Khattar administered an oath to the young participants, encouraging them to distance themselves from the menace of drug abuse. Subsequently, after flagging off the Cyclothon, he actively joined the rally by cycling with the youth, motivating them amid the chants of “Bharat Mata Ki Jai” and “Drug-Free Haryana,” according to a Times of India report.

The Cyclothon for a Drug-Free Haryana was started with the inaugural Cyclothon on September 1 and it culminated on September 25, reported ANI. Visuals from the Yamunanagar Cyclothon showcased a number of participants cycling to raise awareness about the devastating impact of drug abuse. The message of a drug-free Haryana has resonated across all 22 districts of the state, as the cyclothon traversed these regions over the course of the last 25 days, the ANI report added.

Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout

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Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

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index Price Change
nifty 50 ₹16,986.00 -72.15
sensex ₹1,882.60 +28.30
nifty IT ₹2,206.80 +30.85
nifty bank ₹1,318.95 -14.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95
index Price Change
nifty 50 ₹16,986.00 -72.15
sensex ₹1,882.60 +28.30
nifty IT ₹2,206.80 +30.85
nifty bank ₹1,318.95 -14.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95

Currency

Company Price Chng %Chng
Dollar-Rupee 73.3500 0.0000 0.00
Euro-Rupee 89.0980 0.0100 0.01
Pound-Rupee 103.6360 -0.0750 -0.07
Rupee-100 Yen 0.6734 -0.0003 -0.05
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World Environmental Health Day 2023: History, significance and impact of environmental risks on human lives

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

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Summary

World Environment Health Day was founded by the International Federation of Environmental Health (IFEH) in 2011 to focus on the importance of caring for the health of our environment.

World Environment Health Day is observed on September 26 every year to mark a day dedicated to creating awareness about the impact of environmental health on human lives. The day is an occasion to recognise the impact of environmental factors on human beings and how a healthy environment is important for healthy living.

Many environmental factors like water pollution, air pollution and soil contamination, among others could significantly impact the public health in a region or any country. These factors could be an outcome of human behaviour and exploitation of nature. So, it’s important to recognise the importance of a healthy environment.

History and Significance

World Environment Health Day was founded by the International Federation of Environmental Health (IFEH) in 2011 to focus on the importance of caring for the health of our environment.

The naturally built environment impacts our physical and mental health. According to the World Health Organisation (WHO), healthier environments can be one of the most significant reasons behind preventing almost one-quarter of the global burden of diseases. Clean air, climate cycle, adequate drinking water, sanitation and hygiene, safe use of chemicals, sound agricultural practices, health-supportive cities and a preserved nature are all the best practices for a healthy environment, which can lead to sound public health.

As we often interact with the environment of our surroundings daily, the impact of the same is very significant. It is very much essential to keep the environment healthy to protect our lives from various environmental hazards. These factors include physical, chemical, and biological hazards. Such hazards result in cancers, respiratory system disorders, asthma, allergies, and other illnesses.

The primary reason for this day to be observed and celebrated is to spread awareness regarding environmental health and the various events associated with it. Various conferences and workshops are conducted in several universities and colleges that raise awareness amongst the younger generation to understand the need and requirement of tackling environmental issues and prevent them as well. Many events are organised to focus on engaging the audiences in acts like environment protection drives and health camps. This helps them learn about the importance of environmental concerns that play a vital role in public health.

Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout

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Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

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index Price Change
nifty 50 ₹16,986.00 -72.15
sensex ₹1,882.60 +28.30
nifty IT ₹2,206.80 +30.85
nifty bank ₹1,318.95 -14.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95
index Price Change
nifty 50 ₹16,986.00 -72.15
sensex ₹1,882.60 +28.30
nifty IT ₹2,206.80 +30.85
nifty bank ₹1,318.95 -14.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95

Currency

Company Price Chng %Chng
Dollar-Rupee 73.3500 0.0000 0.00
Euro-Rupee 89.0980 0.0100 0.01
Pound-Rupee 103.6360 -0.0750 -0.07
Rupee-100 Yen 0.6734 -0.0003 -0.05
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World Bamboo Day – Explore the history and many uses of bamboo

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

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Summary

Bamboo is highly valuable in Southeast Asia, East Asia and South Asia, both culturally and economically. The World Bamboo Organization has been on a mission to make people more aware of bamboo’s potential.

World Bamboo Day is observed on September 18 every year to raise awareness about bamboo worldwide. Bamboo has been a part of daily life for decades, but it hasn’t always been used in an eco-friendly way. The World Bamboo Organisation has been on a mission to make people more aware of bamboo’s potential. They aim to encourage the growth of bamboo for new industries globally and support traditional uses in local communities for economic development.

History of World Bamboo Day

In 2009, during the eighth World Bamboo Congress held in Bangkok, the World Bamboo Organisation (WBO) officially designated September 18 as World Bamboo Day. This decision was made with the unanimous agreement of representatives from nearly 100 countries.

The purpose of World Bamboo Day is to increase awareness among the public about the economic advantages of bamboo and the significance of its cultivation in emerging industries.

Significance of World Bamboo Day

Bamboo is highly valuable in Southeast Asia, East Asia and South Asia, both culturally and economically. World Bamboo Day is important because it highlights the importance of using and preserving bamboo.

On this day, awareness is raised about the plant’s versatility in personal and business applications. Here are some key points:

Bamboo’s incredible strength makes it useful for creating building materials, art and musical instruments.

Bamboo is also a significant source of food in countries like India and China.

Through World Bamboo Day, the World Bamboo Organisation (WBO) aims to help people recognise the cultural, economic and environmental significance of this versatile plant.

Uses of Bamboo

Bamboo has a rich history of versatile uses dating back centuries. It has served as a valuable resource for a wide range of applications, from sustenance to construction. Here are some notable uses of bamboo:

1) Building Material: Bamboo is utilised in constructing houses, schools and various buildings worldwide. In fact, over a billion people currently inhabit bamboo homes. UNESCO notes that 70 hectares of bamboo yield enough material to build 1,000 houses. This sustainable alternative reduces the need to cut down dwindling forests for timber.

2) Infrastructure: Bamboo is employed in reinforcing roads in India and has been used in bridge construction in China.

3) Medicinal Purposes: In China, certain compounds extracted from black bamboo shoots are used to treat kidney diseases. Bamboo roots and leaves have historical applications in treating certain diseases. In Indonesia, the water from bamboo culms is used to address bone-related ailments.

4) Culinary Uses: Bamboo shoots are a staple in Asian cuisine, featuring prominently in Japanese dishes. The skin of bamboo possesses natural antioxidant properties that deter bacterial growth, making it a valuable food preservative.

5) Energy Source: Charcoal made from bamboo has been used for centuries as a cooking fuel in China and Japan. During the charcoal production process, bamboo vinegar or pyroligneous acid is extracted, containing around 400 different chemical compounds. This versatile liquid finds applications in cosmetics, insecticides, deodorants, food processing, and agriculture.

6) Furniture: Artisans craft exquisite beds, chairs and tables from bamboo.

Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout

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Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

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KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow

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index Price Change
nifty 50 ₹16,986.00 -72.15
sensex ₹1,882.60 +28.30
nifty IT ₹2,206.80 +30.85
nifty bank ₹1,318.95 -14.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95
index Price Change
nifty 50 ₹16,986.00 -72.15
sensex ₹1,882.60 +28.30
nifty IT ₹2,206.80 +30.85
nifty bank ₹1,318.95 -14.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95

Currency

Company Price Chng %Chng
Dollar-Rupee 73.3500 0.0000 0.00
Euro-Rupee 89.0980 0.0100 0.01
Pound-Rupee 103.6360 -0.0750 -0.07
Rupee-100 Yen 0.6734 -0.0003 -0.05
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India’s Green Credit Programme and carbon credit initiative | What the draft says and who’ll benefit

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

 Listen to the Article (6 Minutes)

Summary

Under the Green Credit Programme, incentives will be given to individuals, private sectors, small scale industries, cooperatives, forestry enterprises and farmer-produce organisations for environmental actions.

The Ministry of Environment and Forests has put forward a pioneering initiative called the Green Credit Programme, aimed at incentivising environmentally conscious practices and promoting a sustainable lifestyle known as ‘LiFE’ (Lifestyle for Environment). In a recent notification, the government introduced the “draft Green Credit Programme Implementation Rules 2023” to lay the foundation for this innovative scheme.

The notification highlights the central government’s decision to establish a domestic voluntary market mechanism known as the Green Credit Programme. This program was initially announced in the Union Budget 2023-24, with the objective of encouraging individuals and companies to adopt responsive actions that prioritize environmental well-being. The Green Credit Programme will be implemented under the purview of the Environment Protection Act, serving as a framework to motivate and reward eco-friendly behavior.

What is the Green Credit Programme?

In a notification on Monday, the government said that a Green Credit Programme is proposed to be launched at national level to “leverage a competitive market-based approach for Green Credits, thereby incentivising voluntary environmental actions of various stakeholders”.

Under this programme, incentives will be given to individuals, private sectors, small scale industries, cooperatives, forestry enterprises and farmer-produce organisations for environmental actions.

The objective of the programme is to “create a market based mechanism for providing incentives in the form of Green Credits to individuals, Farmer Producer Organisations, cooperatives, forestry enterprises, sustainable agriculture enterprises, Urban and Rural Local Bodies, private sectors, industries and organisations for environment positive actions”, the government said.

Apart from incentivising individual or community behavior, the Green Credit Programme is also expected “to encourage private sector industries and companies as well as other entities to meet their existing obligations, stemming from other legal frameworks, by taking actions which are able to converge with activities relevant for generating or buying Green Credits”, the government said in the notification.

These Green credits will be tradable outcomes and will act as incentives. They will incentivise voluntary environmental actions of various stakeholders.

Key point about ‘Green Credit Programme Implementation Rules’

A “phased and iterative approach” for implementation of the programme will be adopted. “In the initial phase, two to three activities from the sectors…will be considered for designing and piloting the programme. More activities will be added from the selected sectors in subsequent phases. More sectors can also be added with the approval of the central government”, the government said.

Sectors identified for the programme with respective objectives are as follows:

> Tree Plantation-based Green Credit: To promote activities for increasing the green cover across the country through tree plantation and related activities.

> Water-based Green Credit: To promote water conservation, water harvesting and water use efficiency/savings, including treatment and reuse of wastewater.

> Sustainable Agriculture based Green Credit: To promote natural and regenerative agricultural practices and land restoration to improve productivity, soil health and nutritional value of food produced.

> Waste Management based Green Credit: To promote sustainable and improved practices for waste management,
including collection, segregation and treatment.

> Air Pollution Reduction based Green Credit: To promote measures for reducing air pollution and other pollution
abatement activities.

> Mangrove Conservation and Restoration based Green Credit: To promote measures for conservation and restoration of mangroves.

> Ecomark based Green Credit: To encourage manufacturers to obtain Ecomark label for their goods and services.

> Sustainable building and infrastructure based Green Credit: To encourage the construction of buildings and other infrastructure using sustainable technologies and materials.

Who will get green credits and how?

The government informed that in the beginning, Green Credits will be made available to individual and entities, engaged in selected activities and who undertake environmental interventions. These Green Credits will be made available for trading on a domestic market platform.

It added that benchmarks will be developed for each Green Credit activity for generating and issuance of Green Credits. Also, digital processes will be developed and established for the programme. These will include self-assessments of eligible Green Credit activities, registration of activities, issuance of Green Credits, monitoring of performance and other relevant processes.

One can get ‘Carbon credit’ too!

An environmental activity generating Green Credits may have climate co-benefits such as reduction or removal of carbon emissions too. Therefore, an activity generating Green Credits under Green Credit Programme may also get Carbon Credits from the same activity under carbon market, the government said.

A carbon market is a platform through which the emission reductions and removals are converted into tradable assets. An industrial unit that surpasses the emission criteria is eligible to receive credits – meaning, a carbon market will create incentives to reduce emissions or improve energy efficiency. Additionally, it would allow struggling units to purchase credits and demonstrate compliance.

At the 2021 United Nations Climate Change Conference (COP26) summit in November 2021, India had promised to achieve zero carbon emissions by 2070 and reduce its emissions by one million tonnes in the next 10 years. Now, establishing a carbon credit market is seen as the first step toward this goal.

Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout

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index Price Change
nifty 50 ₹16,986.00 -72.15
sensex ₹1,882.60 +28.30
nifty IT ₹2,206.80 +30.85
nifty bank ₹1,318.95 -14.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95
index Price Change
nifty 50 ₹16,986.00 -72.15
sensex ₹1,882.60 +28.30
nifty IT ₹2,206.80 +30.85
nifty bank ₹1,318.95 -14.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95

Currency

Company Price Chng %Chng
Dollar-Rupee 73.3500 0.0000 0.00
Euro-Rupee 89.0980 0.0100 0.01
Pound-Rupee 103.6360 -0.0750 -0.07
Rupee-100 Yen 0.6734 -0.0003 -0.05
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Need to mobilise domestic and international investment flows to meet green finance needs: SBI Chairman

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

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Summary

SBI Chairman Dinesh Khara was speaking at a ‘climate finance and risk’ event in New Delhi. He also stressed on how important climate-focused frameworks that were backed by central regulations was.

SBI Chairman Dinesh Khara on Saturday, Tuesday, said there is a need to mobilise domestic as well as international flows from retail and institutional investors in order to meet the green finance needs.

Khara was speaking at a ‘climate finance and risk’ event in New Delhi. He also stressed on how important climate-focused frameworks that were backed by central regulations was.

“There is a need to mobilise domestic and international flows from retail as well as institutional investors to meet the green finance needs; and robust climate focused frameworks backed by central regulations,” he said.

The Reserve Bank of India’s latest Aoril 2023 data for sectoral deployment shows that bank credit to renewable energy projects, which is part of th elarger green finance segment, increased 28 percent to Rs 4,614 crore in March this year from Rs 3,607 crore in the same month a year-ago, Moneycontrol reported.

This is after credit to the sector increased by 94 percent between March 2021 and the same month in 2022, with the bank credit rising to Rs 3,607 crore from the previous Rs 1853 crore.

On another note, issuers in India have raised labelled and unlabelled green bonds worth $42.9 billion in the power sector from January 2014 to March 2023, the latest BloombergNEF report stated.

The Finance Minister, in this year’s Union Budget, announced Rs 35,000 crore for priority capital investment towards energy transition and net zero objectives and energy security by the ministry of petroleum and natural gas. Later, she clarified that the money allotted to energy security and transition is not a subsidy, which is being given indirectly. “There are two objectives of allocating this money: To make a transition from fossil fuel to renewable energy and to make sure that our strategic reserves are all filled up adequately,” she had said.

Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout

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Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

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index Price Change
nifty 50 ₹16,986.00 -72.15
sensex ₹1,882.60 +28.30
nifty IT ₹2,206.80 +30.85
nifty bank ₹1,318.95 -14.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95
index Price Change
nifty 50 ₹16,986.00 -72.15
sensex ₹1,882.60 +28.30
nifty IT ₹2,206.80 +30.85
nifty bank ₹1,318.95 -14.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95

Currency

Company Price Chng %Chng
Dollar-Rupee 73.3500 0.0000 0.00
Euro-Rupee 89.0980 0.0100 0.01
Pound-Rupee 103.6360 -0.0750 -0.07
Rupee-100 Yen 0.6734 -0.0003 -0.05
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World Environment Day: Simple and effective tips to save our planet

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

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Summary

World Environment Day has emerged as an important occasion for environment protection as all the stakeholders from green activists to social organisations, governments and corporate entities take numerous initiatives to protect our environment.

Climate change is a reality and it calls for action at all levels to protect our environment. The World Environment Day is an important occasion to raise awareness about the devastating impacts of global warming and take action to save our planet. World Environment Day is observed across the world on June 5 every year.

The World Environment Day 2023 celebrations will be hosted by Côte d’Ivoire (Ivory Coast) in partnership with the Netherlands. This year’s theme is ‘Beat Plastic Pollution’.

With over 400 million tonnes of plastic being produced annually, and less than 10 percent being recycled, the need to act is more urgent than ever. Plastic pollution poses a severe threat to our ecosystems, with millions of tonnes ending up in our water bodies, jeopardising marine life and human health.

World Environment Day has emerged as an important occasion for environment protection as all the stakeholders from green activists to social organisations, governments and corporate entities take numerous initiatives to protect our environment.

ALSO READ | World Environment Day 2023: History, significance and theme

Here are a few simple and effective tips that will not only help save the environment but also ignite a sense of purpose within you.

At individual levels, we can do our bit to save our planet from the negative impact of climate change:

  1. Embrace Reusability: Take a stand against the widespread usage of single-use plastics and embrace the power of recyclable alternatives. We may reduce the environmental effect of disposable convenience by using durable water bottles, eco-friendly shopping bags and long-lasting products, among others.
  2. Redefine Recycling: Become a proactive advocate for responsible waste management. Educate yourself on local recycling guidelines, sort your waste diligently and contribute to the cycle of renewal.
  3. Water Conservation: By adopting mindful habits such as fixing leaks, shortening shower times and investing in water-saving technologies, we can protect this invaluable resource for future generations.
  4. Guardians of the Forest: Step into the role of a steward for our forests. Support reforestation initiatives, participate in plantation drives and embrace the vital role that trees play in mitigating climate change.
  5. Embrace Sustainable Mobility: Embody the spirit of eco-friendly transportation. Embrace walking, cycling, or using public transportation as alternatives to fossil-fuelled vehicles. Through collective action, we can reduce emissions and forge a path toward cleaner and more sustainable mobility.
  6. Energy Efficiency: Unlock the potential of energy conservation. Embrace energy-efficient lighting, optimise appliance usage and harness renewable energy sources whenever possible. By curbing our energy consumption, we can pave the way for a greener future.
  7. Amplify Environmental Awareness: Be the catalyst for change in your community. Utilize your voice to educate and inspire others, both online and offline. Together, we can ignite a global movement for environmental consciousness.

ALSO READ | Scientists warn of crossing critical thresholds for earth’s life support

Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout

3 Mins Read

Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

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KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow

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today's market

index Price Change
nifty 50 ₹16,986.00 -72.15
sensex ₹1,882.60 +28.30
nifty IT ₹2,206.80 +30.85
nifty bank ₹1,318.95 -14.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95
index Price Change
nifty 50 ₹16,986.00 -72.15
sensex ₹1,882.60 +28.30
nifty IT ₹2,206.80 +30.85
nifty bank ₹1,318.95 -14.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95

Currency

Company Price Chng %Chng
Dollar-Rupee 73.3500 0.0000 0.00
Euro-Rupee 89.0980 0.0100 0.01
Pound-Rupee 103.6360 -0.0750 -0.07
Rupee-100 Yen 0.6734 -0.0003 -0.05
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Rice and maize crops adapting to temperature changes but not wheat: Study

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

 Listen to the Article (6 Minutes)

Summary

To determine if the farmers were adapting to the long-term climate changes, researchers used the quantile regression models — 60 years of data sets on precipitation, temperature, length of the growing season as well as crop yield — to create separate models for short and long-term crop responses.

Indian farmers have been able to adapt to temperature changes for their rice and maize crops but not for wheat, a study that has been published in the Agricultural Economics journal states. The study by researchers from the University of Illinois, US, examines data over 60 years to assess the adaptation of Indian crops to climate change. It states that there is a large disparity when it comes to agricultural vulnerability between developed as well as developing countries.

“Increased precipitation enhanced rice yield, but adversely affected wheat and maize yields,” said Madhu Khanna,  an agriculture and consumer economics professor, who is also an author of the study.

Researchers also found that farmers have been customising strategies across various regions and crops. “For example, heat-prone districts fared better to higher temperatures compared to districts in colder regions,” Khanna said.

The researchers conducted a similar study in the US as well. “It’s interesting that the results of this study are telling us that in both countries, although there is a negative impact of climate, crops are adapting,” Khanna said, adding that the effects differ across crops and the types of effects they adapt to.

Khanna added that, usually, studies look at year-on-year changes to measure the effects of climate change. However, these represent variations in weather and not climate, the researcher said.

Also Read: Earth Day: This 17-year-old boy is helping reverse the damage done to the marine ecosystem

The researchers from the University of Illinois examined India’s major food grains to understand the climate change effects — long and short-term — on crop yields.

Weather changes are short-term, such as a warm or cold day or a sudden thunderstorm. However, when it comes to climate change, these variations can be long-term. “We were looking to see if the effect of short-term deviations in extreme temperature and precipitation are significant when compared to their long-term averages and if their effects are absent in the long term as farmers adapt to climate change,” Khanna said.

To determine if the farmers were adapting to the long-term climate changes, researchers used the quantile regression models — 60 years of data sets on precipitation, temperature, length of the growing season as well as crop yield — to create separate models for short and long-term crop responses.

According to the analysis, if temperature differences did not affect either model, that meant there were no adaptations made by the crops. While, if the impact on the short-term model was worse, then it meant the farmers had been able to smooth out and adapt to the effects.

Also Read: India may be understating the impact of heatwave

“The impacts are higher at the lower tail of the distribution, but are lower at the upper tail of the distribution,” Surender Kumar, a professor of economics at Delhi University, said.

The study found that farmers who worked in less productive areas (lower tail of the distribution) had a different response from those who worked in higher yield areas. The former took more measures for adaptation because of higher impacts.

“Higher productive regions have better irrigation facilities and are less dependent on the monsoon, and so the difference between long-term and short-term impacts is negligible,” Kumar said.

According to the study, there are two ways the farmers can adapt — the farmers can change their management practices or the varieties are hardier. The study suggests action could be taken to improve the seed varieties as well as educate farmers on how to adapt to climate change.

“We need to take a holistic view of all the various ways in which changing climate effects yield, which is obviously a very challenging and complex problem, and understand that focusing on particular dimensions of climate change and adapting crops may not be sufficient,” Khanna said.

Also Read: 2022 among top six warmest year on record, observes WMO 

Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout

3 Mins Read

Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

 Daily Newsletter

KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow

Previous Article

Oil Fluctuates as Traders Assess China’s Vow, Unrest in Libya

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today's market

index Price Change
nifty 50 ₹16,986.00 -72.15
sensex ₹1,882.60 +28.30
nifty IT ₹2,206.80 +30.85
nifty bank ₹1,318.95 -14.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95
index Price Change
nifty 50 ₹16,986.00 -72.15
sensex ₹1,882.60 +28.30
nifty IT ₹2,206.80 +30.85
nifty bank ₹1,318.95 -14.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95

Currency

Company Price Chng %Chng
Dollar-Rupee 73.3500 0.0000 0.00
Euro-Rupee 89.0980 0.0100 0.01
Pound-Rupee 103.6360 -0.0750 -0.07
Rupee-100 Yen 0.6734 -0.0003 -0.05
Quiz
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Should Elon Musk be able to buy Twitter?