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Category Archives: Green Finance

Why Climate Talks are mostly just that….


  • The combined average temperature over global land and ocean surfaces for October 2014 was the highest on record for October, at 0.74°C (1.33°F) above the 20th century average of 14.0°C (57.1°F).
  • The global land surface temperature was 1.05°C (1.89°F) above the 20th century average of 9.3°C (48.7°F)—the fifth highest for October on record.
  • For the ocean, the October global sea surface temperature was 0.62°C (1.12°F) above the 20th century average of 15.9°C (60.6°F) and the highest for October on record.
  • The combined global land and ocean average surface temperature for the January–October period (year-to-date) was 0.68°C (1.22°F) above the 20th century average of 14.1°C (57.4°F). The first ten months of 2014 were the warmest such period on record.

International talks to deal with a particularly potent greenhouse gas took a cautious step forward on Wednesday, as India and a host of other countries agreed to “informal discussions.”…Under contention are hydrofluorocarbons (HFCs) — gases that, pound for pound, can trap up to a thousand times more heat than carbon dioxide when released into the atmosphere..

Indian Environment Minister

Prakash Javadekar, the environmental minister for India — the country that lead the previous opposition — laid out the issues that would have to be addressed to reach a final agreement. These include the way patents, intellectual property law, and other confidentiality agreements prevent India and other developed countries from making full use of new technology, as well as the fact that developed countries like the United States are historically responsible for the vast majority of HFC emissions. The talks, according to Javadekar, would need to be based “on the principle of grace period — that is differentiated responsibility, financial assistance, including that for research and development, technology transfer without the clause of confidentiality.(THINKPROGRESS Posted on November 21, 2014 at 11:08 am).

The above paragraph underscores the classical problem Modern Civilization, based on a flawed capitalistic idea faces. It is impossible for any Nation, to remove from the mindset of the populace  whence from, the elected representative are ultimately chosen to govern; not put profit before people. Our present day Economist along with Social Scientists have a lot of work to do. Undo the mind-set which is attuned to reward and recognize  “Crony Capitalism” as achievements.

No Nation is bereft from it…it’s the hangover from the British Empire. While every Empire be it Roman, Chinese, Mayan or Magadha Empire while expanding and consolidating must have wreaked havoc. The Modern European Empires had the Industrial revolution to help it wound the Earth very dangerously, in the process of acquiring riches. Thus the plunder of Earth resources reached its zenith.The resulting fallout is now known as Climate Change.

While the present Civilization no more address a modern day Business Conglomerate C.E.O as “Emperor”; that Presidents and Prime Ministers of Nations are made and unmade by them are no state secret. And unless the Emperors of today are made aware that they would lose all they have conquered..and also have the possibility of dying a horrible death caused by Ebola, little will change at the negotiating tables of the 21st Conference of the Parties on Climate Change 2015 in Paris.

In 2009 at Denmark the UNFCCC’s COP-15 rode on similar hopes. There was a new President of the USA. An African American and the World Environmentalist hoped spectacular achievements. But…..

On Friday 18 December, the final day of the conference, international media reported that the climate talks were “in disarray” Media also reported that in lieu of a summit collapse, only a “weak political statement” was anticipated at the conclusion of the conference. The Copenhagen Accord was drafted by the United States, China, India, Brazil and South Africa on 18 December, and judged a “meaningful agreement” by the United States government. It was “taken note of”, but not “adopted”, in a debate of all the participating countries the next day, and it was not passed unanimously. The document recognised that climate change is one of the greatest challenges of the present day and that actions should be taken to keep any temperature increases to below 2 °C. The document is not legally binding and does not contain any legally binding commitments for reducing CO2 emissions.

In January 2014, documents leaked by Edward Snowden and published by Dagbladet Information revealed that the US government negotiators were in receipt of information during the conference that was being obtained by spying against other conference delegations. The US National Security Agency provided US delegates with advance details other delegations’ positions, including the Danish plan to “rescue” the talks should they flounder. Members of the Danish negotiating team said that both the US and Chinese delegations were “peculiarly well-informed” about closed-door discussions: “They simply sat back, just as we had feared they would if they knew about our document.” (Wikipedia2009 United Nations Climate Change Conference )

The Paris UNFCCC’s COP-21 meeting will mark a decisive stage in negotiations on the future international agreement on a post-2020 regime, and will, as agreed in Durban, adopt the major outlines of that regime. By the end of the meeting, for the first time in over 20 years of UN negotiations, all the nations of the world, including the biggest emitters of greenhouse gases, will be bound by a universal agreement on climate. In order for the agreement to come into effect in 2020, at the end of the second commitment period of the Kyoto Protocol, subsequent COP meetings will work on finalizing its details.

On 26 May 2014, Narendra Modi was sworn in as 15th Prime Minister of India.In 2009 the World was enamored by the superb oration of President Barack Obama of the USA. The World today fetes PM Narendra Modi as the Messiah of the economic woe’s that faces India and in the process of transforming India perhaps he would be able to help the World in general.

As an Indian it would make one proud. But, as an ENVIRONMENTALIST one is not so sure. Because much like President Obama, the pressure to perform and uplift the economy quickly, makes Prime Minister Modi to walk the same beaten track. A track trail blazed by Crony Capitalism ! with scant regard other than lip service to Climate Change abatement. And hiding behind cleverly worded text that pass legal scrutiny. Not because of it being legally sound but more so because the legal itself was crafted to suit the escapists.

 A President and a Prime Minister understands Realpolitik !

The term Realpolitik is sometimes used pejoratively to imply politics that are coercive, amoral, or Machiavellian. Something that has become norm is the past century

BUT…

it is politics or diplomacy based primarily on power and on practical and material factors and considerations, rather than explicit ideological notions or moral or ethical premises. In this respect, it shares aspects of its philosophical approach with those of realism and pragmatism.

We already know the way, what is needed is the political will. And to give strength to the political will It is also the duty of the citizens of the Nations which are today poised to impact what text would be written at the end of CoP21 to help their Head of State –

One is to show the way,

Yes! Trillions.For insects and plankton however tiny have life.
Summer flower blooms in hot, sultry November
Nov 30 2014 : The Times of India (Mumbai) Richa Pinto Mumbai:
Greens Worried As Unusual Weather Seems To Have Confused Nature.A Nerul (Navi Mumbai) resident was recently surprised to see a flower that generally blooms in the month of March in his backyard a few days ago. With the October heat phenomenon stretching till the last few days of November this year, it looks like even nature seems to have got confused.

But, to make people notice the change we have to make it into a Financial Change issue. Lets see how it has impacted the finance or if we use the politically sensitive word “budget” of the common man.To understand this we must understand the average Indian mind.

While Mumbai has been witness to a peculiar warm October, which meteorologist consider as “normal”; November sees temperature with in the 20’s. A high of 29°C to a low of 24°C can be experienced. This is more or less the temperature which allows the budget concious middle class to shut down & cover up their Air-Conditioners as the ambient temperature required for a good-night sleep is naturally available. However this November the hum of AC’s can be heard around the city at night.

This has an immediate impact on their monthly budget, which leaves them confused and angry while trying to make ends meet. At the same time the power companies have to cope with prolonged power shortages due to peaking of demand, thus their is more planned “load-shedding” in the rural areas to compensate for the same. Which leaves the already short-changed rural folks more disenchanted from the system and government of the day.

Should such climate anomalies continue…elected governments may fall. And the opposition would also not want to put their head into the chopping block.

This last piece of information hopefully would help change the mindset and manner of those who choose to “dedicate their lives in the service of the people.”…be that India or the USA !

 

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Sustainable Business – The Genesis lies in understanding the basics of livelihood.


Modern society is disconnecting from Nature. Where the processed has become more important than the produce, chances of building a Smart society, which is essential step towards building a Smart City, is difficult.

And by not building towards a Smart City the Modern Business Houses are heading more and more towards extinction, due to acute resource depletion which is already manifest in certain sectors.While the top of the ladder corporate, either by omission or commission are realizing the benefits of Sustainable Business practice. The mindset of the modern manager is too stuffed in old style economics to understand the changes in the ground rules for making a perfect profit making business.

We need Business to evolve or it would perish as is the Darwinian law.

The reason for this is our mindset; we love to remain within familiar comfort zones. Essentially we are still an Agrarian Society, although we have wrapped ourselves in the modern avatar of an industrialized state.

FOOD – CLOTH – SHELTER are the three main things around which all the modern societies revolve. Everything modern human does is essentially to satisfy the three fundamental needs highlighted. The birth of Industrial revolution or modern business as we know today was essentially to speed up and increase in production of the three basic needs of human. And the final goal of Business even now is to attain just these three things. Therefore the word “business-man can be replaced by “human”.

We invented the modern mills which could churn more flour from the wheat, to provide for the ever growing population of human. To produce more wheat which is primarily the ingredient for flour, one needed to have better harvesting and tilling method; thus grew an industry which starting producing the basic tools. To have more tools in the hands of farmers, one needed more Metal Ore to be mined and to mine more efficiently an industry spawned to cater to that need.

As the demand and supply graph multiplied so did the specialization in the fields, which slowly drifted so far apart that the basic….the farmlands became far and distant from the precincts of modern Industry.

For Representation Purpose only.

The fruits now grow on a super-market shelf. That is the notion many a modern child, never having seen a mango tree, carry. Haute couture usually showcases the most non-wearable clothing. But is a billion dollar industry!

Building no more reflects the spirit of human triumph over nature’s vagaries, to provide comfort & safety and most importantly a home to live in. But as a reflection of the human ego. So, we built tall buildings, shrouded in Glass & Steel, with no thought to the vernacular design & climatic conditions.

When there is so much disconnect from the original needs of a vibrant and organic society. How could we have not ruptured the skin of sustainability? Global Warming and Climate Change are nothing but by-products of unsustainable living. But, the World today can see the dangers, which manifests itself with increasing intensity & periodicity of storms and unpredictable drought & flood cycle.

And how does it affect Business?

“What we’re finding all over the world is that when people are having trouble with the weather, it affects food and income,” said Koko Warner, an expert on environmental migration based at the United Nations University. Climate change doesn’t just mean stronger typhoons. It also means sea-level rise, desertification, unpredictability of rain for crops, drought and other problems that tend to result in fewer news reports than a crushing storm like Haiyan. Many of the resulting losses are difficult to categorize and count in terms of money. It’s the emotional burden of leaving a family grave behind, of moving from ancestral lands, of kids giving up the ability to go to school. But global financial losses, even just those tabulated from major disasters, have also been rising through the last few decades. Annual estimates are now at just under $200 billion (€146 billion), according to a report released by the World Bank . That’s up from about $50 billion each year through the 1980s. (Excerpts from – Warsaw Mechanism: A Move Forward in Climate Change Debate; Der Spiegel. November 27, 2013) The above paragraphs sum up beautifully the moot reason as to why Business must adopt the sustainable approach. The Building & Construction Sector is perhaps the single largest sector which is the consumer of almost all the Industrial sector known to modern business. Be it Agri-product, Minerals, Forest or Animal Husbandry, Iron & Steel, Cement or Textile, Chemical & Fertilizers some or other form of the product is utilized in the building industry. And many buildings built within the same geographical area is called – A City.

Which also houses the Business Barons.

Thus, if we take care of a city and make them Climate Resilient. We would be able to change the mind-set of the people, which in turn would make the world believe in Sustainable Business a bit more.

So how does one approach this? As per The World Business Council for Sustainable Development, below are some interesting thoughts –

THE BUILDING SECTOR

The building sector can be viewed as being comprised of two broad elements: Residential buildings — housing the population; and Commercial buildings — housing a range of activities including retail trade, accommodation, business services, government and government agencies, recreation and cultural services and industry, which represents around two thirds of national employment. The estimate of greenhouse gas emissions due to energy consumption in the building sector takes account of:

1. The amount of energy consumed; [inclusive of embodied energy in materials] 2. The mix of fuels used; 3. The average greenhouse gas emissions from the different fuels (electricity is treated as a fuel); and 4. Upstream emissions from transmission and other activities.

The electricity consumed within a building is only a part of the energy used to support that demand. A large amount of electricity and greenhouse gas emissions is also involved in distribution, transmission and generation. When reducing demand for electricity it is practical to eliminate the need for this upstream energy use and GHG emissions. The building sector could reduce its GHG emissions by 30–35 per cent by 2050 on an economic basis. Economic in this context means that the initial costs would be offset — and in many cases be more than offset — by subsequent energy savings over time.

In the residential sector changes can be achieved through: 1. Substitution for more energy efficient light fittings; 2. Greater use of natural light; 3. Substitution for more efficient refrigeration; 4. Adoption of more efficient hot water appliances with solar where possible; 5. Adoption of appliances with a low standby energy use; 6. The introduction of more efficient heating and cooling mechanical systems; and better insulation. 7. Where possible use of Renewable Energy solutions as feasible.

In commercial buildings substantial savings to both costs and greenhouse gas emissions could be generated by: 1. Improving air conditioning systems efficiency and including ‘economy’ cycles; 2. Use of natural ventilation where possible; 3. The use of more efficient office appliances; 4. Better insulation; 5. Improved heating and ventilation; 6. The use of efficient light fixtures; 7. Upgrading to more efficient water heating systems;

There are already many consultancy firms which are advising on energy efficiency. The one which are on the top of the ladder are doing the following three elements: 1. Use less energy – cut buildings’ energy demand by improved design, using insulation and equipment that is more energy efficient.

2. Make more energy locally – produce energy locally from renewable and otherwise wasted energy resources.

3. Share energy – create buildings that can generate surplus energy and feed it into an intelligent grid infrastructure to balance the energy needs of other buildings.

And those which excel in the above are also taking up the challenge of creating a low water use facility. As without water there is no food and thus no life.

The IPCC – the United Nations Body which is headed by Dr. Pachauri and is under the UNFCCC has warned that unless we are able to completely abolish use of fossil fuel for generation of electricity the world would be facing much more severe storms, the likes of Hurricane Katrina and Cyclone Hudhud, devastating Nations economy and putting enormous strain in its recovery.

Innovations for smart cities are already happening all around the World. From creating Solar Roads, as indicated in the image to having tiles which produce their own power when one steps on it are already ready for commercial applications. It is opening up new job opportunities and at the same time instilling the practice of clean living.

Real Project

The world is waking up to the fact that we have to create Sustainable Business.

And in order to achieve that India too must join with its resource pool of young and brilliant minds. Lest the opportunity, to become an advanced and progressive Business Nation is lost. While innovative products are good and it would be some time for them to become main-stream. India has the unique distinction of already possessing the vernacular knowledge of building with an extremely low carbon-foot print. A visit to any turn of the century residence would prove that.

Add to that the restless energy of the young entrepreneurs, who are willing to take the risk of bucking the conventional business model, while at the same time ushering in the high-technology Renewable Energy at the door steps of common persons.

The idea is to provide Roof-top solar at zero capital cost to the end-user while the recovery of the investments comes via the novel way of collecting the electrical tariff, over a period of time. As all are used to pay their electricity bills every month, the idea to have solar power which in time would become free of cost to the user is finding traction. Especially in areas where the traditional grid power is inconsistent leading to the use of diesel generators, which spikes the electrical tariff to an astronomical ₹ -15 to 20 /KW unit.

As in every solution there are challenges. Captive Renewable Energy, especially Solar & Wind require certain amount of conducive space and geography to perform optimally. Many commercial business such as Hospitals, Hotels & Resorts, Malls & Multiplex, while willing to utilize the RE in BOOT model; find that the generation compared to demand is wanting. Because of lack of roof-top space.

Here too the pioneers have met the challenge head-on, by providing Energy Efficient Measures to the existing or upcoming building within the matrix of a Green Building ie; by working with Architects and Interior designers who not only concentrate on the aesthetic appeal of a building but have the knowledge of how to utilize daylight controls and energy modeling measures to synchronize with the colour of the paint, or the colour of the light or even the reflective and absorption capacity of materials. Which ultimately adds up in a complex dance of synergy to either heat up or cool a room. By understanding this along with having deep knowledge of HVAC, building electrical & heat loads are optimized.

This in turn reduces the overall draw of electricity required, without any compromise to the functions of a modern living/working space. Today, coming up in a suburb of Bangalore; there are more than 500 residence comprising of 300o ft2 to 5000 ft2 bungalows which could aim to be completely off-grid both in terms of water and electricity. A perfect 4.5KW connected load with innovative roof-top and “Solar Tree” which also act as street lights would be powering the township. While 5 layer water harvesting system would eliminate any need for municipal water to the colony. A good spell of normal monsoon season would suffice. Smart Cities are the final frontiers for new business. We must all strive to achieve this. A perfect blend of the Millennium Development Goals of the United Nations –

Profit – People – Planet.

 

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Green Business Idea – River Transport within Mumbai & Smart City ideas !


The UN Secretary General, call for a meeting on the 23rd September, to understand what each Country would be doing, in his attempt to lift sagging morale of the environmentalists and continued disinterest of the World leaders for providing time bound doable agenda which would actually translate to abatement of Climate Change, needs all the support one can give.
To blame World Leaders would be wrong, simply because there are very few in the World arena today who have leadership quality. Had it not been so, Syria would not have had a blood bath from which spawned the ISIS. But, selling weapons of Mass Destruction is also good for the Economy. At least in the short-term. For some.

Almost all the industrial sectors are in some way related to and prosper from War! From Gold to Games all profit. Yes, games..almost everyone can take part on the near real episode of glory and gore, without actually dying!

Perhaps it would make a lot of sense if Countries could have a CGI war ! The losing side could have all its real money, converted to bit-con transferred to the winners. As the say, a failed economy is as good as a dead economy! At least the planet & people would remain untouched in the bargain.

But this sadly is not the case across the Middle East or South Europe! Add to that the deadly mix of Ebola and flood and drought!

As many climate change report have more or less predicted what anthropogenic Global Warming would bring about. Armageddon  is perhaps imminent in the near distant future !

So what if the UN Secretary General, provides the World Leaders with another option to boost economy other than oiling the war machine?

What about asking each world leader to adopt a developing or underdeveloped Nation’s city and help transform it into a Climate Resilient City. For the Building Industry too uses almost all the industrial goods and services as does the war machines. So here is another opportunity to boost the Economy and lift the sagging morale of the Environment brigade.

At least in India, they can immediately start on 100 of them !

Then look at the impacts of joining rivers! And cleaning the Ganga ! For in some parts the Ganga still lives. Are we sure we will not uproot an ecosystem, which may be a possibility if it needs to be navigable all the way?

Rivers of Mumbai

And while we are at it perhaps practice cleaning up the smaller rivers first which go from within the megalopolis, to gain first hand experience of which company will do the best?

Mumbai, therefore offers one of the best opportunity to showcase a Eco-friendly transport solution thus making it a  smart city from a sublime mess it is today!

At one stroke of a genius a politician can not only win the hearts and minds of the people for a longer time, but also ensure that the commercial city thanks it with continually filling it’s party coffers! (No politician worth his/her salt would touch anything which does not give for self-aggrandizement. Thus for the greater good so be it).

Let us look at the advantages and possibilities of cleaning up the rivers of Mumbai.

For starters lets count some of the rivers in Mumbai 1. Dahisar River a river in the northern suburbs of Mumbai near the suburb of Dahisar. It originates in the Tulsi Lake in the Sanjay Gandhi National Park in the northern reaches of the city.

2. River Mithi (also Mahim River) is a river in Salsette Island, on which the city of Mumbai is located. It is a confluence of tail water discharges of Powai and Vihar lakes.

3. Oshiwara River begins in the Aarey Milk Colony, cuts through the Goregaon hills, across the Aarey Milk Colony before emptying into the Malad Creek. On the way it is joined by another creek near S.V. Road.

4.Poisar River begins in the Sanjay Gandhi National Park and empties into the Marve Creek and finally into the Arabian Sea.

The Polluted & Choked Rivers of Mumbai

The Dahisar River was once so picturesque that Hindi films were shot here. During 1956-57, crocodiles were witnessed to be residing the river, thus proving that it could harbor life and had a perfectly balanced ecosystem.

The rivers are nothing more than a mere stream when it begins and is contaminated with industrial effluents and sewage.

What we see in Mumbai is more or less happening all over the country and even the world. Rivers are dying. And we all know that great cities around the world are mostly near river banks.

But when I look at the Mega Urbanized Mumbai, which perhaps has all the failures of modern human habitation; I can also find rivers & lakes and a  forest reserve, which overlooks the sea! An extremely rare and perhaps unique combination of diverse ecosystem within a small geographical area.

This is indeed a city worth saving and transforming into a model from were others can learn and follow. How to coexist !

And to transform this city we need a Green Business Idea. After all it is the business hub of India with a sizable Gurjati population, who too can lay claim that business is in their blood just as our P.M Mr. Narendra Modi !

The blue print for it is already there. What we must is implementation in the shortest possible time. And add to it the concept of river navigation. From a quarter away from the point of origin, to keep it safe and more pristine, let water transport begin. With boats which are designed with roof-top Solar to power it.

There would be an immediate appreciation of real estate around the banks of the river, and as stringent laws would apply for better discharge of residential waste water (with complete ban on industrial discharge; or with super efficient affluent treatment); redevelopment, of projects would take place.

The economy would naturally take a boost. By utilizing its rivers for transport. Just as the suburban railways or the Metro which is its new addition. One look at the origin and exit of Mumbai Rivers in the map given, completely proves the feasibility of such a venture.

While the river cleaning action and the operating of ferry would also boost many business, at the same time stringent actions can be taken for CRZ ( Costal Regulation Zone ) violations. One of the moot reasons for CRZ violations is rooted in the concept of having a home facing the water-front! Be it anywhere in the World, a sea or river facing property always fetches a premium. So would all the future properties along the banks of the rivers of Mumbai.

I say future, because the current batch of buildings which are being designed need a serious overhaul and we must build Energy Efficient Buildings which would be Climate Responsive and at the same-time vernacular in design, thus blend form and functionality.

Malabar Hill, Mumbai in 1900’s

Imagine a stretch of real estate, about half a mile deep on both the banks of all the Mumbai rivers, which gives the citizens a feel of living in Goa. Yes! the climate and the feel of Mumbai of the Koli’s must have been pretty much like the holiday paradise.

The average productivity of each Mumbaikar would increase many-fold. Life-style related disease would reduce and pollution would be brought down. With efficient river transport coupled with the already existing suburban rail and metro network, the need for passenger cars would reduce thus leading to de-congested roads.

The areas around the length of the river would have several parks and open spaces which would once again become the natural catchment areas and soak up the rain to create higher underground water table, thus keeping the sea away. And also reduce the potable water crunch Mumbai faces every summer. And if the dredging improves the flow of water current; electricity too can be generated through micro-hydle mechanism. Thus a river alive today would have multiple use to business. While remaining sustainable.

And this idea would resonates so well with the World Bank thinking. As in World Water Week (August 31-September 5), the World Bank has warned that the world’s present ways of producing energy and providing clean water are currently on a collision course.

World Water Week 2014

The Bank says that 15% of water withdrawn from the environment presently goes to energy production, and that  amount will rise to 20% unless there is a rapid shift to sustainable forms of energy. This comes at a time when clean water is becoming an increasingly scarce commodity.

It also warns that climate change will put further pressure on water and energy manage­ment by causing more outages to the water supply and intensifying severe weather events, such as floods and droughts. (read more)

It would also make a lot of business sense to have the City of Mumbai transformed into a Smart City, as it could act as a model for the new cities which we are thinking of building. What would work and what could fail can be easily mapped in this city is a microcosm of the country at large. The fight between nature and man,between conservation and commercialization is so well seen in everyday life of this once beautiful city.

The new capital near the city of Vijaywada which the Chief Minister of Andhra Pradesh Chandrababu Naidu is considering to develop. And considering that he is part of the NDA which is headed by our forwarded thinking Prime Minister, who would want to balance Economy and Ecology (although he is suspect of leaning more towards the Economy, presently) the idea that the researchers at Imperial College London have calculated must be brought to fore. The findings suggest many companies investing in projects to reduce greenhouse gas emissions, such as tree-planting programmes or funding green energy in developing countries, may be having a bigger impact than they realise. Each tonne of CO2 offset by businesses brings $664 in additional benefits to host communities….But the paper outlines that purchasing carbon credits from well-managed offset projects not only reduces emissions, but also “creates economic development opportunities, aids environmental conservation and helps improve people’s lives by delivering household savings, health benefits and improving water resources, among other social benefits”.(read more)

So if business is in our Prime Minister Narendra Modi’s blood, I hope he would be able to transfuse some into the cabinet, albeit changing its colour to Green ! And it would not be a moment too soon, as Andhra is a stricken Naxalite state. And farmers too are a distressed lot.

A recent study of the World Bank says that there has been a dramatic decline in honeybee populations. It has received wide media coverage, and not just because it imperils honey production. Agricultural production is also at risk, due to the important role bees play as pollinators. In fact, the value of the services they and other insects provide for the main global food crops has been estimated to amount to $209 billion a year, or 9.5 percent of the value of total global agricultural food production.

In light of the challenges posed by the decline of honeybees – and while the jury is still out on what exactly is causing the decline – the resources farmers have at their disposal to maintain or boost their productivity levels bear thinking about. In fact, even absent this decline, an economic analysis of farming techniques seems appropriate given the profit-maximizing nature of most farm operations. However, very little work has actually been done to look at natural ecosystems and the boosts they can provide to agriculture. (read more)

And there is this last thing which our Prime Minister whom we believe has a sense of National pride would want to showcase at least one of the 100 cities in the C-40 cities campaign. Yes, both New Delhi and Mumbai were signatories which was was mentioned in –Urban Development Rules: How C40 -City rules can make a difference for India.

However, in the City Climate Leadership Awards to be held on 22nd September in New York, India sadly does not figure.While each of the efforts are business opportunities. Or rather Green Business Ideas –

C-40 Cities Award Finalist

C40 Cities Finalists.

 

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Green Business Ideas: Certified Green Building projects should automaticaly qualify for Financial Cerdit Rating.


Got ideas on how to make green buildings go mainstream ?the World Green Building Congress is asking on Twitter and is ready to offer a $10K prize. It is being run by the ClimateCoLab as a contest.

This definitely inspires to come up with another Green Business Idea.

A credit rating is an evaluation of the credit worthiness of a debtor, especially a business (company) or a government, but not individual consumers. The evaluation is made by a credit rating agency of the debtor’s ability to pay back the debt and the likelihood of default. Evaluations of individuals’ credit worthiness are known as credit reporting and done by credit bureaus, or consumer credit reporting agencies, which issue credit scores. Credit ratings are determined by credit ratings agencies. The credit rating represents the credit rating agency’s evaluation of qualitative and quantitative information for a company or government; including non-public information obtained by the credit rating agencies’ analysts. (Wikipedia)

An Energy Efficient Building or Green Building as it’s popularly known, can save upto 30% in electrical consumption and saves around the same percent, water with judicious and clever use. The two most critical commodity in the World today.

Now, if a company is able to save on its Operational Expenses, it would naturally reflect on the profit graph. And if the company is profitable its ability to meet financial commitments becomes strong. Lets analyse this further.

The Confederation of Indian Industry also known as CII and its other bodies such as the CII-CESD and IGBC have for the past many years doing a superb task to bring about a paradigm shift in the thinking of the populace to adopt sustainable methods to conduct business. There has been a varying degree of success. But it is not enough to make the desired dent to limit and reverse the trend of Climate Change.

One of the enormous barrier is resistance to change. And to consider every change which requires some degree of extra expenditure as very risky. Because the result of the change on making a building energy efficient,  is a process spread over a long time period.

This resistance to certain degree also occurs. because the traditional business class in India do not train themselves in any Business School.(60% of top CEOs in India do not have an MBA degree: INSEAD and HBR study😉 Another report says – The typical CEO in India is male, around 56 years old, and with a degree from a local university — mainly IIT or IIM. Only 24% have an MBA. The most popular university subjects studied by CEOs are business, mechanical engineering, and finance.(read more).

It is more of dynastic wisdom handed down over generations. And thus each business creates their own ideas for success and deviations from that set of wise counsel is at times socially as well as circumstantially difficult.

Thus the old adage – to cut iron we need iron, can be looked at to find the formula of success. Thus we must provide incentive which the average CEO can relate to and would also like to flaunt.

THE CREDIT RATING.

The more powerful the credit rating more would be the incentive for people to follow the diktats to go Green.

Recently the Government of India has initiated a movement

India to implement code for energy saving, green buildings construction by 2017

The Economic Times NEW DELHI: It will be mandatory for all state governments to  implement by 2017 the minimum requirements for energy efficient design and construction set by the central government to meet the challenges of depleting resources, increased urbanisation and rapid construction, according to a top official. Shifting its focus to building energy-saving structures, the Bureau of Energy Efficiency (BEE) of the power ministry has made mandatory the Energy Conservation Building Code (ECBC) which acts like a “cross-check for building designs and specifications” to reduce the energy consumption through design and choice of material and equipment.Under its ambit are components like building envelopes (wall, roofs, windows), lighting, heat ventilation and air conditioning and electrical systems.Introduced in 2007, on a voluntary basis, the code sets the minimum energy standards for new commercial buildings with a connected load of 100 KW. Besides new buildings, it also covers old buildings which are getting renovated and/or extended.

Although a little disappointed that we have given ourselves beyond UNFCCC Paris COP. Where the wishful thinking of all climate change advocates would be to see the strict implementation of the Durban Declaration…

DURBAN Declaration. (pdf)

The United Nations Climate Change Conference, Durban 2011, delivered a breakthrough on the international community’s response to climate change. In the second largest meeting of its kind, the negotiations advanced, in a balanced fashion, the implementation of the Convention and the Kyoto Protocol, the Bali Action Plan, and the Cancun Agreements. The outcomes included a decision by Parties to adopt a universal legal agreement on climate change as soon as possible, and no later than 2015. The President of COP17/CMP7 Maite Nkoana-Mashabane said: “What we have achieved in Durban will play a central role in saving tomorrow, today.”

…. but the news coming close to the heels of President Obama’s Climate Change Action Plan, it was indeed a good news.

While on June 2, the EPA released a proposal that will set the first-ever national carbon pollution standards limits for America’s existing power plants. Danger already lurks in the shape of Tony Abbott !

Tony Abbott seeks alliance to thwart President Obama on climate change policy – Tony Abbott is seeking a conservative alliance among “like-minded” countries, aiming to dismantle global moves to introduce carbon pricing, and undermine a push by US President Barack Obama to push the case for action through forums such as the G20. ……The combined front would attempt to counter recent moves by the Obama administration to lift the pace of climate change abatement via policies such as a carbon tax or state-based emissions trading. It is a calculated attempt to push back against what both leaders see as a left-liberal agenda in favour of higher taxes, unwise interventions to address global warming, and an unhealthy attitude of state intervention.

It would be perhaps one of the most defining moment for India to take up the leadership position and support what President Obama seeks to do, and in our Prime Minister Shri Narandra Modi we have a person who has an equally strong vision and a majority mandate. Who can do this.

Opposition to Obamas’ Climate Change Action Plan

The biggest bogey which any opposition raises is loss in job and money. And history has proven time and again this theory wrong.

And when you compare this to the report the World Economic Forum –

A growing consensus is emerging among the scientific and business communities that weather and climate extremes are on the increase, and that climate change contributed to a number of recent natural disasters. These include the European heat wave of 2003, and drought in East Africa in 2011 and in 2012. Losses resulting from climate-related disasters remain unacceptably high – in economic, social and human terms – making it imperative to build resilience, particularly in vulnerable areas.

The World Economic Forum’s Global Agenda Council on Climate Change’s report, Climate Adaptation: Seizing the Challenge, captures some of the latest thinking in the field of climate adaptation and financing, with the goal of assisting decision-makers in the public and private sectors gain a better understanding of the issue.

Its Key findings completely deflates any debate to go against the logic of not working towards abatement of Climate Change.

1.Reductions in emissions of greenhouse gases are not happening fast enough. Preparing societies for the impacts of climate change, i.e. adaptation, must therefore happen in tandem with mitigation efforts.

2.Indices can inform decision makers on where climate adaptation is most necessary, and how best to allocate adaptation investments, including for prioritizing pre-disaster efforts. African nations, particularly Sub-Saharan, consistently emerge as the most vulnerable to climate change and the least ready to adapt, while a clear difference appears between developed and developing nations. More and better national data, particularly in developing countries, is required, while obtaining local data for comparison, for example across cities, may be a challenge. Metrics that are used to assess adaptation need can have conflicting aims and conclusions but competing methodologies can shed new light on seemingly intractable problems.

3.Up to 65% of the increase in the projected losses due to climate change could be averted cost effectively through adaptation investment. Decision makers need to look at “total climate risk” when considering adaptation investment and finance – this takes into account existing risk, future risk due to development and additional risk due to climate change.

4.Private sector funding will be needed to finance investments – the cash-strapped public sector will not be able to provide it all. Public sector funding can be leveraged effectively however and the public sector can also provide a framework that makes this investment attractive.

5.Water, food and energy systems are inextricably linked and so the use and management and particularly shortages of one can affect another, e.g. water shortages can affect crop yields, power generation and industrial processes. It is therefore crucial to consider each part of the water-food-energy nexus when making an investment or policy decision so that another part of the nexus is not compromised. Meanwhile climate change is stressing the nexus. Addressing this is beyond the scope of individual governments, companies or NGOs acting alone. Since awareness of the nexus is low, the current behaviour of companies or governments may not take it into account and therefore stress it further. A new approach is therefore required that involves multiple stakeholders with the aim of addressing these issues in a co-ordinated and holistic manner.

One does not have to be a scientist and least of all a myopic politician – corporate combine, engaged in short-term gain to understand that without FOOD & WATER even a Midas touch has no value.

But we usually read Fables and Moral stories as children. As our PM said, it’s time we bring our Culture to fore and start teaching them in the MBA schools!

For disconnect from ones culture is the root cause of Climate Change! (click to read more)

 

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The Development Agenda – and the unreported fall-out.


In India we have a saying… ” Har ek pal ek ullu banta hai“- every minute someone is made to be a fool. And the best and the longest trick for which everyone falls for is – “Development”.

How often does one hear the phrase like – “the Next”.. “the sunrise country”…”the leading nation”… Our poor northern neighbour fell for it…now it could be India’s turn, if care is not taken.

Grown in China: ‘arsenic rice’

Didi Kirsten Tatlow, NYT NEWS SERVICE;Soil in China’s leading rice-producing region shows high levels of heavy metal contamination, in a study that suggests that the proximity of mining and industry to agricultural areas is posing serious threats. Researchers for Greenpeace sampled farmland and uncultivated soil, water and rice grown near a smelter of nonferrous metals in Hunan Province. In some locations of the study, they found soil containing cadmium levels more than 200 times the national health standard, adding to a growing body of evidence that parts of the country’s soil are heavily degraded after decades of fast industrialization and high economic growth. All but one of the rice samples exceeded the maximum level of cadmium in rice for human consumption in China. The study extended the concept by listing “arsenic rice,” “mercury rice” and “lead rice.” Of those four toxic substances, only mercury levels appeared relatively safe. With a fast pace of urbanization, China is struggling to save enough land for farming and keep a high rate of grain selfsufficiency. But apart from quantity, whether it can maintain soil health remains a question.

Dead pigs floating in Chinese river

Most recently, Chinese state media reported last Thursday that at least 170 dead pigs were found bobbing in a tributary of China’s second-longest waterway, the Yellow River, in northwestern Qinghai province. This is just the latest in a string of similar incidents that have raised fears over food safety, since the river is the major source of irrigation water for nearby regions…..It was a similar story last year, when 6,000 dead pigs were pulled from Shanghai’s waterways in three days. As Care2′s Kristina Chew reported, local authorities were quick to assert that the presence of thousands of dead pig carcasses in the river had no effect on the water supply, although the blogospere begged to differ…And in fact, the number of pig corpses found in the Huangpu River, which provides 22 percent of the water supply for Shanghai, grew to around 16,000. Officials questioned farmers in the neighboring province of Zhejiang about dumping the pigs but got nowhere.

The above report sums up my angst.

No sensible person would be against development.

But development can’t be a tool which is used by a few to rule the World as their own fiefdom.

The growth of the China model is a superlative example of what transpires when one wears lens tinted by the czars of crony capitalism. Never would they document the dead pigs which floated down river in thousands..nor would they document destruction of habitat or extinction of species. “This is the minimum price one has to pay” they argue ” else we would be living in caves”.

Yes! even those who are concious of the environment,today use the very tools which perhaps has led to unsustainable practice. But there is a difference between those who speak of Development and those who wish to spread awareness on Sustainable Development.

Whether one likes it or not, compliment must be given to the masters who with their glib talk supported with superb power-point presentations made the Chinese believe that they would be rulers of Earth, should they open up their doors to become the centre of manufacturing. From the humble pin to planes, everything the modern world needs gets manufactured in China.

Vehicles move slowly on a fog-shrouded road in Huai’an City, east China’s Jiangsu Procinve, Jan. 30.

Yes! They have grown rich & powerful. But at a terrible cost to their environment. Their cites are polluted, their  rivers are dying and even the air they breath has itself turned into a killer !

I’m sure the Chinese government did not factor these things when they set out to become a “economically powerful nation”.

It really feels sad when a Nation which has perhaps given humans a taste of civilization a few thousand years ago, can fall into a trap to think it is not a great and powerful nation which it used to be!

The first light of Chinese civilization revealed itself 7,000 to 8,000 years ago, as indicated by the ruins of the Daxi Culture in Sichuan and Hubei provinces (more).

The word crony capitalism was not coined back then..

India shares much of the similarities with its northern neighbour, she too is an ancient civilization. And here to there’s a clamour for “Development”. More foreign direct investment the better some say.

While it must have some merit, what is not being said is would those who come to make investment which directly translates to the word PROFIT; really be bothered about how it achieves its target? History, whether recent or ancient has proven that the indigenous tribe, culture and habitat has always faced destruction and at times extinction in the guise of development.

There has been development of too few at the cost of too many. Just count the list of Developed versus Underdeveloped Nations and you would get an idea.

While we like to call ourselves as a Developing Country in term of Economic power, we fail to highlight that India ranks much higher in the list of Inclusive Wealth Report.

Inclusive Wealth Report.

The indicators used in the past to measure human societies’ success have proven to be insufficient. Economic production indicators such as gross domestic product (GDP) and the Human Development Index (HDI) fail to reflect the state of natural resources or ecological conditions and both focus exclusively on the short term, without indicating whether national policies are sustainable over longer periods of time.

The Inclusive Wealth Report 2012 presents an index that measures the wealth of nations by carrying out a comprehensive analysis of a country’s capital assets, including manufactured, human and natural capital, and its corresponding values: the Inclusive Wealth Index (IWI)

The Country is in its final throes of electing once more its new set of “rulers”. While hoping that at least this instance the “democratically” elected political party would provide us with “good governance”. And within that good governance we hope to see the ideas of the Durban Declaration come to fore.

For it is important to know whether national policies are sustainable over longer periods of time. A short comparison of two manifesto of the political parties in fray are below –

The political party which many consider would emerge as the winner, has started well. At least its manifesto, speaks in simple and crisp language what it intends to do, should it be voted to power.

We will it says:

  •  Encourage Cleaner production.
  •  Cleaner fuels will be promoted so as to bring down the pollution levels particularly in the cities.
  •  The concept of pro-active ‘Carbon Credit’ will be promoted.
  •  Ecological Audit of projects and pollution indexing of cities and townships will be done on scientific basis.
  •  Pollution control mechanisms will be set up on priority basis.
  •  In addition to protecting the existing forests and wildlife reserves, the wastelands of the country  will be used for social forestry.
  •  Guidelines for Green buildings and energy efficient work places will be brought out.
  •  R&D and Human Resource Development in Environment Technology will be promoted.
  •  Set up fool proof mechanisms for protection and preservation of wild life.
  •  Encourage citizen’s participation in reforestation, agro-forestry and social forestry, through targeted programmes.
  •  Encourage and incentivize innovative garbage disposal and waste management practices, especially recycling techniques.

While the present ruling dispensation, speaks in a language which reflects the state the of play as is presently facing India, confusion; although the will to do good is there  –

  • Rigorous Environmental Appraisals Bill to set up a National Environmental Appraisal and Monitoring Authority – a professional agency to conduct rigorous and time-bound environmental appraisals and recommend clearances.
  • Revealing the Cost of Environmental Degradation Will launch “Green National Accounts” to ensure that the costs of environmental degradation are clearly reflected in India’s national accounts.
  • Conserving Water Water conservation is at the heart of our programme for agriculture and rural and urban development.
  • Harnessing Wind Power Launch a new National Mission on Wind Energy to harness the wind power.
  • Making Water Sustainable and Affordable Pricing of water must ensure that users internalise ethics of conservation. It is also imperative that it be sustainable and affordable.
  • Clean Rivers and Clean Fuel Cleaning of rivers on a large scale and providing clean cooking fuel across the country will be a priority.
  • Increasing our Solar Power Production Timely completion of Jawaharlal Nehru National Solar Mission which will provide 20,000 MW of grid connected solar power by 2022.

While in the watch of the present dispensation, India has had to hang its head in shame on farmer suicide due to lack of water. And in several villages and town, it is a cause of celebration if electricity is received for 24 hours uninterrupted. It can not be denied that this very government in its previous avatar, had given India its proud moment in the shape of NAPCC.

It’s architect, a finance wizard so respected and loved by this Country. It had made possible a chance to boost the economy by ₹64000 Crore. A dream which spawned many Renewable & sustainable building enterprise, which are in throes of pain due to paralysis of action today.

The very failure of sustainable capitalism gave rise to crony capitalism and the Coal scandal et al. Once more the environment suffered because of the myopic vision of those who were supposed to take hard decisions to save the Planet, India lost yet another leadership opportunity to change the tide of climate change.

Therefore it is very important for the Citizens of India and that of the World to remind which ever political party win this election, its promise made in the manifesto. The largest political party must not be allowed to confuse us with glibly coined words like “coalition dharma” and bury all that is sustainable through rapid stride in “Development” which benefits but only a few.

Its time India finds its Economic strength through saving its Ecology. That would lead towards Sustainable Development and sustained growth thus making India the Developed Nation.

 

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Green Bussiness Idea: Sustainable Trade Practice is possible.


Driving the circular economyIn the recently concluded Accenture Sustainability 24 Webinar, closed loop recycling was given its due weight-age. The beautiful explanation  in info-graphics must be shared for one and all in this planet to understand the importance of sustainability. As one reads through this article while the graphics scrolls side by side (click to enlarge graphics) one would be amazed as to how easy it is to understand that we are at the very edge of entering a resource depleted world.

A BBC Special report on Thursday, 25 October 2007 gave State of the planet, in graphics with these comments – Globally human populations are growing, trade is increasing, and living standards are rising for many. But, according to the UN’s latest Global Environment Outlook report, long-term problems including climate change, pollution, access to clean water, and the threat of mass extinctions are being met with “a remarkable lack of urgency”. Global Environment Outlook [21.9MB]

The implications of this is evident from the various events which are unfolding is bits and pieces between then and 2013 AD. If seen from a perspective, one can easily see that as resources become scarce and traditional monopolies erode, regional and international tensions are bound to grow. And the tragedy is that sustainable practices would become the first casualty. Simply because it is perhaps the only sunshine industry in this despondent atmosphere.

China solar panel imports investigated by European Union &  China files EU solar subsidy complaint with WTO are just a few headlines on anti-dumping and protection news in the BBC webpage.

As long as the paradigm of Business and Trade remains entrapped in the archaic mode, our lifestyle will not let us stop from consuming 5 times of what is available to live sustainably. Even while we clearly understand that we are living in a shrinking world Graphicof resources.

While in Germany the primer company Solar World is anxious at the way the state of China is helping its domestic industry to produce cheaper Solar panels thus foreboding doom for stellar Solar PV company; somewhere in Britain nascent industries which make the balance of systems for the SPV’s are happy at the rise of the Dragon and would in no way want anti-dumping laws to be initiated against China.

Thus there are no easy solution out of this.That is if we still continue to follow the same patterns of Trade & Politics since Marco Polo.

However, we don’t need to and can’t afford to do any more.

While I can’t even think of suggesting Economics or Socio-Politics to the masters of the game, I do believe that at times simple ideas become the stepping stone of success. What is needed is to pick up the best created by the masters themselves and apply some innovation.

If we look at the idea of the Public Distribution System (PDS); better understood in India as ration shops and the concept of MNREGA we perhaps could create an idea which can at least be a fair attempt to slow down the depletion of resources until better model of adaptation and mitigation is developed in this rapidly warming Globe to give us the chance to live Sustainably.

The Circular economy advocates in the graph alongside show how from Minerals,Metals to Fossil fuel we are looking at an increase of consumption of 118% in just a span of 20 years (AD 2010-2030 ).

GraphHow this exponential increase would effect the planet is well documented in the 3 graphs above. The human ecological footprint is way above the straight line of the Biocapacity of this planet.And that straight line was created by Nature in a complex chain of event which we are still “researching” on.

With this piece of evidence I would reinforce my humble thought that, its time we think of a global rationing system. From Minerals to Metals to Fossil Fuel. It is time to put a stop to this mindless Business As Usual model.

Let us explore and expand the idea further.

The word Execution has very ominous meaning.

And some gentlemen have played their part in the destruction of this Planet very well in their Avatars as CEO’s. It is time when, we yank those CEO’s who should actually be the “Chief Environment Officer” as was mentioned during the Sustainability 24 – 2013 Webinar; than Chief Executive Officers. And make them responsible for the preservation and judicious use of  resources which are finite.

And let the Academicians and Scientist, instead of Trade & Political pundits of all Nations sit and decide the quantum of Quota which should be applied to de-pressurise the planets resource utilization.

Once they have achieved this, let the Corporates and MSME’s come in a common platform to innovate and scale up the process of  R’s. Reuse -Recycle-Refuse-Regenerate and thus like a Phoenix rise from a linear economic model to that of a Circular economy.

Additionally we must through the help of UN make this a true ONE WORLD than just a lyric in a song. To do that we can start by stopping to  count human population and poverty Country wise.

It is time we talk of Human population and poverty in global perspective rather than roll out the demography of a Country. Why should there be a rule of one child per couple in one country while there are no such limitations in another? Do we count insects, birds, fishes and other animal species in such a fashion?

Does it not occur to the most intelligent of animal species that the impact of Human is no more localized? If we have 9 Billion people with only, say as few as 500,000 in some Arctic country and a Billion in another, does it really mean that the one with higher demography is consuming it’s own resources more and the country with less population has limited impact on the consumption of produce within its own geographical limits and beyond? It is the Human species which has created a Political boundary into a Geographical one.

The planet and its forces do not conform to it. Read up on any Earthquake or Tsunami.

It encompasses all and everything from Minerals, Metals to Fossil Fuel and Life itself. No one Nations owns one over the other. No one Nations has aplenty while it is scarce for the other.

And  the Geographical boundary begins and finishes with the Sphere itself.

And to retain that life which till date is understood to be found only in this Sphere called Earth, we must ration its resources.

Production of each and every goods must be based on a quantum per year. Recycling and consumption of recycled products by each country in equal measure should be mandatory. No hand -outs to so called Third World Country, while the rich retain the right to plunder.

The issue of trade and economy can be addressed by the WTO quite well. Never was there a time when one country has not felt aggrieved and the other supposedly advantaged, in the polarized World we live in. And never will it be possible to think rationally until we actually become United as a Nation. Understand the power as well as the limitation of being ONE.

Sustainability can be practised and the concept of Circular Economy can truly succeed only if each Nation agrees to follow a rotary format of what it can produce and consume every five to ten years cycle. Shorter or longer cycle can be put in place depending on the type of industry and its gestation period.

And the most important aspect perhaps for success of such ideas is that of Human resources. Why should there be competition say for example, amongst IT professionals of one Nation with that of the other? Why can’t the Countries on whose share development of IT and its related products fall, pool all the best Human Resources across Nations? And here too individual professionals can be rotated based on the numbers, thus giving each a guaranteed employment such as in MNREGA, which I mentioned above at the start.

This model would insure equity in participation from all Nationals in making this World a better place to live in while in the process Wealth instead of Riches can be created.

If there would be even an iota of rational thinking in this process, I would request all those who can think and act better to reach out and make it happen.

 

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Green Business Idea : Using Manpower & Ox-power to generate rural electricity


Green Business Ideas needn’t be about multimillion dollars of earnings. Although that kind of money does impact lives and can bring in sea-change in thoughts and actions much faster; simple things which look towards the rural landscape should also matter where the earning may be more if the latent advantages are explored. It is also important to indigenise them to the local needs. We would discuss  ideas which belong to different countries but each can work in various Nations. Perhaps it would be the best BASIC country collaboration ever towards sustainable living.

Beginning by mentioning the superlative program hosted by CNN on sustainable living especially the Eco-Solutions  program where it was shown that, water hyacinth a bane for Africa ( & Asia) could be exploited to created products one would usually associate with bamboo or jute. Although weaving with water hyacinth would be natural in the South American countries, attempting to find its commercial use in Africa is indeed wonderful. While the botanists and environmentalist may not agree, citing the commercialization as a bane to their effort to eliminate the evasive weed; one while agreeing to their line of thought could differ in the approach.

English: Water hyacinth

Water hyacinth (Photo credit: Wikipedia)

The reason water hyacinth does not grow uncontrolled in the South American continent is because it has natural enemies which keeps it in check. Without such natural control available in the Asian & African continent the water hyacinth has wrecked havoc to the water-bodies. But now the biggest “natural” enemy to everything natural in this planet the honourable homo sapien; once they taste the commercial possibilities of any living or non-living material on Earth, one can bet their last dime that ‘extinction’ is not far away. Therefore one should not worry too much in supporting the poor African women in their attempt to commercialize the water hyacinth. Given the right incentive within a span of 10 years it would become less of a menace; not requiring grants from the UN to keep it under control and more of an opportunity to uplift the poor. If we attempt to think out of the box, sustainable solutions would be easier to come by. And the much needed grants could then go into attempt to rectify wrongs for which easier answer are yet to be found. It is therefore encouraging to see the USA come up with a process to produce Ethanol form water hyacinth at Lake Victoria in East Africa ( vindicating my article –The USA has given some of the top inventions to abate Climate Change.)

It is known to very few that Water Hyacinth can be used to produce Bio-fuel, which can then run a generator to produce electricity. Research on this has been happening across Nations including India, yet not enough media focus and awareness is created to bring it to the grass root level, where it would start to make a difference.

Recently, Oxfam has claimed that the lifestyle of the Maasai tribe in Africa should be embraced as a response to climate change because of their ability to farm in deserts and scrublands.Many Maasai tribes throughout Tanzania and Kenya welcome visits to their village to experience their culture, traditions, and lifestyle. In these tribe cattle plays a very important role too.

There is a great debate in the west about GHG emission form cattle, which is mostly reared for production of beef. With many becoming vegetarians and vegans the debate on consumption and rearing of cattle is still on with respect to their contribution to Global Warming. Those who may not know, in India  practising Hindus consider cattle as sacred. The word “Panjerpol” means an old home for cattle. While the word “Gaushala” denotes a dairy farm. Panjerpol is where devout Hindu’s like to see the cows to go, when their useful life as a milch cow or an Oxen ends, so that they can spend the remainder years in comfort. The charitable trust which I visited is run by some of the most successful businessmen in Pune, Maharashtra,India whose vision is exemplary. Considering every cow as Kamdhenu and all bulls as Nandi the teachings of sustainable living is practised even now.

In the day and age of increased awareness of the benefits of natural fertilizers,using  Cow Manure Fertilizer For
Growing Vegetables, – supply the best bulk form of organic matter to the garden. The fantastic soil conditioning ability of cow manure due to the amount of quality organic matter, that no processed fertilizer can match, is reason enough to use cow manure fertilizer whenever possible to the garden. The soil amending properties of this really great natural fertilizer has to be used to be properly appreciated. In another article Cow Urine Can Cure Many Diseases, the author an Ayurvedic Physician, from Gujrat goes on to say – …The analysis of cow urine has shown that it contains nitrogen, sulphur, phosphate, sodium, manganese, carbolic acid, iron, silicon, chlorine, magnesium, melci, citric, titric, succenic, calcium salts, vitamin a, b, c, d, e, minerals, lactose, enzymes, creatinine, hormones and gold acids.Cow urine treatment and research centre, in Indore (Madhyapradesh, India) has conducted a lot of research in the past few years and reached at the conclusion that it is capable of curing diabetes, blood pressure, asthma, psoriasis, eczema, heart attack, blockage in arteries, fits, cancer, aids, piles, prostrate, arthritis, migraine, thyroid, ulcer, acidity, constipation, gynecological problems, ear and nose problems, abortion and several other diseases. Cow is a mobile dispensary. It is the treasure of medicines. The cow urine therapy is capable of curing several curable and incurable diseases. The holy texts, like atharva veda, charak samhita, rajni ghuntu, vridhabhagabhatt, amritasagar, bhavprakash, sushrut samhita contain beautiful description about these things. It must be noted the late Prime Minister of India Shri Morarji Desai advocated Ayurvedic treatment similar to the one mentioned.

The above sets the stage across two continents on the importance of cattle and hyacinth as two factors which can play an important role in sustainable living in rural areas and thus advocates one of the agendas of the UNFCCC charter.

OX-Driven Electric Generator

The same amount of difference it would make, should the poor and marginalised farmer in India use his oxen to produce electricity. This is yet another aspect I understood on my visit to the Panjerpol near Pune. The article Ox-driven generators set to solve power crisis- BIT Mesra’s non-conventional energy gadget promises to steal show at Udyog Mela reads – An oxen-driven generator set, developed by BIT Mesra’s mechanical engineering department, is set to draw crowds to the forthcoming Jharkhand Udyog Mela 2008 at Morabadi grounds.BIT Mesra has booked a stall in the 11-day fair slated to start from November 15. The fair promises to be a good platform to inform the rural masses, NGOs and, most importantly, agencies working in the field of non-conventional energy about the importance of pollution-free power generating machines. A single unit of such a machine would be able to provide power to at least eight households.

This actually complements an article in another blog Engineering for Change which has devised the same idea by using bicycles –This innovation is one of our Promising Prototypes of IEEE’s Global Humanitarian Technology Conference in Seattle. Bike-powered electricity generators are a practical solution for Indian households. Surveying the country’s energy landscape, with its tight living spaces, expensive land, and far too many people for the power the country produces, bike generators make sense. Venkat Natarajan and his team at Intel Technology India in Bangalore came to that conclusion and they are testing their own low-cost designs.

ISCKON ideas

Developing Green Business Ideas which actually impact the lives of the Undeveloped or the Least Developed Nations must be given priority and WRI, CAN-International, Greenpeace and the likes  should try to make this as an agenda to be showcased at the next UNFCCC meet in Europe. As I have advocated always, it is not important whether we are aware of the possibilities, it is important that the poor and the needy are given the opportunity to exploit so. Water hyacinth covers the serene Vembanad Lake,is as recent a news as October 2012 whereas Biotech Students to Produce Alternate Source of Energy in Surat, published in June 1, 2011 pre-dates the problem taken up by the Times of India news. While BIT Mesra’s Ox-power electricity was showcased in 2008. Actually if one researches further this concept was already in place way back in 1985 and finds mention in Prabhupada News. Had it been encouraged and popularised by the Union and State governments in India, THE GREAT INDIAN BLACKOUT OF 2012 might have been averted. But sensible thinking and foresight is not an Indian thing. We are conditioned for lethargic and knee-jerk administrative reactions.

It is important for the UN to seriously consider taking up a dedicated media space to beam down relevant news and information, as mentioned above on a  24x7x365 basis around the world much like the popular Discovery or National Geographic TV programs. This would at least enable a ground-swell which may see some change for the better in the Developing and Under-developed countries where administrative apathy is rife.

How difficult is it for the media moguls to partner with the UN to launch such ground breaking idea? Something that would benefit the world and encourage people to people contact, thus bringing unto fore new ideas which could perhaps have commercial value? In many of the You Tube links attached to this article one can see so many home-grown ideas which can not get much traction due to want of audience. Some die out simply because the immediate society has no need of it, while it could have been a game changer a continent across; it may perhaps save lives. It can happen even now, in fact it must.

Most of India’s 20 nuclear reactors are on the list of the most unreliable 50 in the world, and villagers near the Tarapur plant have been bearing the brunt of after-effects of radiation. In spite of their complaints, all they’ve got from the govt is assurance of reduced exposure, which is no less risky, finds Dilnaz Boga. Poonam Hambire, a resident of Ghivali village, 12km from Boisar in Thane district, is at the forefront of the anti-nuclear agitation against the Tarapur Atomic Power Station (TAPS). “Women have to come forward as false cases are slapped against the male protesters in Tarapur,” she alleges. Her village lies within the 1.6km radius around one the country’s oldest nuclear reactors built by General Electric in the 1960s. It’s the same model as Japan’s Fukushima reactor. The effects of radiation are obvious in every home not only in Ghivali but also in the neighbouring villages.At Hambire’s home, her eight-year-old nephew’s garlanded photo adorns the wall. “He died of lung cancer, but we couldn’t get his medical reports from the government heath centre. It’s hard to talk about it as his father who is employed at the plant will lose his job. None of the sick villagers get their medical papers,” she claims.

The very argument that India needs to develop and maintain costly Nuclear plants, pales in comparison to the fact that using simple tools, the country under its NEREGA mission can utilize only a fraction of the allocated Nuclear development money and yet bring about enormous social benefit. The most telling; India has unemployed youth in villages who could if given a chance, pedal for 24 hours a day in shifts to continuously produce electricity. Which not only could then be stored and then evacuated into the grid for transmission and distribution but the labour could be paid for by the power companies.

As per the survey conducted by Labour Bureau of the Government of India, 40 Million are unemployed with an Unemployment Rate of 9.4%. The survey was conducted in 28 States/UTs spread across the country in which about 99 per cent of the country’s population reside. It estimates that the population of the country is 1182 million with 63.5% in the working age of 15 – 59 years, however, not everyone who is in the working age is interested in joining the work force, so the worker population ratio is much lower. There are an estimated 238 million households, of which 172 million are rural and 66 million are urban. Out of the total population of the States/UTs covered, 872 million persons (73.8 per cent) live in rural areas and 310 million persons (26.2 per cent) live in urban areas.As per The-Pedal-A-Watt-Bicycle-Generator an average rider will produce between 125 and 300 watts. So even if we consider one-third of 872 million people, the mathematics works out to be a decent amount of power generation + employment scheme wrapped into one. Will the Governments listen ?

 

 

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Save Petroleum from Extinction – Save your Business with a Green Idea


The New Year began with three Headlines grabbing my attention. And all of them were good news depending on which side one was looking at. In my favoured news paper DNA Money section were these lines –

The USA postpones Armageddon; The US Senate, controlled by Democrats, finally agreed on a deal to neutralise a double whammy of tax hikes across the board and spending cuts, which kicked in as the New Year rang in, hours past a self-imposed deadline for action. Negotiations to avoid going off the cliff have been on for months, the tension building as D-day drew closer. The final details came together hours after President Barack Obama said Congress was making progress on a short-term deal to avert the fiscal cliff..

Boost for oil cos as diesel off-take growth dips; Oil marketing companies, burdened with under-recoveries on the fuel sold by them, have got a much-needed breather as growth in diesel consumption moderated for the third month on the trot in November. Consumption for the month came in at 5.8 million metric tonne (mmt) as against 5.7 mmt in November 2011, a growth of a mere 1.7%, according to data from the Petroleum Planning and Analysis Cell, a statistical body under the petroleum ministry.That’s the slowest pace of growth this fiscal and brings down the cumulative growth rate in consumption to below 10%. Diesel accounts for the bulk of the sales of oil companies. The fuel finds widespread usage, ranging from transportation, mobile towers and power generators. Hence, any change in its consumption pattern has a direct bearing on the financials of these companies…
“This is good for the country as this will not only help in bringing down the under-recovery of companies, but also reduce the subsidy bill of the government and also have a positive impact on inflation,” said a senior oil & gas expert from an international consultancy firm, requesting anonymity.

Car sales fall despite sopsDecember stayed slow for the auto manufacturers as most of the companies reported decline in sales despite heavy discounts on offer. Sales are traditionally lean in December as customers prefer to postpone purchases to the new year. After a subdued 2012, the industry is hoping for some corrective measures by the government for boosting sales in 2013.Hyundai Motor India, the second-largest car manufacturer, reported a 9.6% year-on-year decline in sales in the domestic market as it sold 26,697 units in December. Sales of Toyota Kirloskar Motor dropped 24% in December. The company sold 12,071 units in December 2012 as compared to 15,948 units a year ago. Sales of General Motors (GM) dropped 21% to 7,067 vehicles in December as against 9,039 units sold last year.

While to many these are unrelated events happening in the USA and India, to me they seem connected. The reason is whatever happens in the United States of America, it has a direct bearing in the markets of the World. And slow growth in the other markets finally reaches the shores of the USA to compound the gloom further. And this is precisely where I would advocate that the USA, which lost yet again the chance at the UNFCCC Doha, to regain leadership position with a re-think on their global approach towards Climate Change. And in the process drive the Economy in an all new Avatar. An Economy driven by the KP-2 agenda and the other declarations which if infused with practical approach can cause a sea-change in the economic scenario with minimal disruptions to Climate. And more importantly the practical approach would be more welcome by the vulnerable Nations than the last 20 years of legal text which perhaps killed more trees for the paper than saving them.

As one notices that while the Car-makers mourn, the Oil Co’s party in India. Thus a complex chain of advantage and disadvantage from seemingly unrelated events start to unravel. But what we need are solutions which all benefit from.

A Green Business Idea can take off from these seemingly unrelated information posted above and adding a few more to this as we progress.

In my earlier post Save Petroleum form Extinction – Save Earth ! the ways to take advantage of petroleum while containing the GHG has been explained in greater detail. We could perhaps call the suggestions therein as a “Carbon Capture” program and look for an CDM advantage in KP2. Most importantly, as long as we are not burning up the fossil-fuel but converting its properties into products, we still have a chance to contain the 3°C rise in Global temperature. This suggestion must merit some attention to the Indian Oil Co’s who can thus finally see some profits form what it does. Because in India, this would directly translate in the Union Government saving some vital petro-dollars its gives away in form of fuel subsidy. Having saved on that, it could go into a public – private partnership and fund the auto-makers to create Hybrid or perhaps more efficient Electric & Bio-fuel Cars.

One of the primary reason for low Auto sales are the runaway cost of fuel. With the Urban centres nearly saturated, it was the rural markets which was feeding them. But, an average Indian is extremely cost conscious and is not driven by glib advertisements. The high operation & maintenance costs with every rise in fossil fuel cost would only drive down the sale of Auto-mobiles in India. An alternative fuel car could change that. And when we speak of leading technology, the USA holds sway over many. Thus the full circle across Nations gets completed.

 

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The BASIC need to build Resource Efficient & Climate Responsive Cities to avail GCF


When I wrote the article Bangkok floods – Next, New Delhi ? and followed it many moons later with Hurricane Sandy & Cyclone Nilam – “Our cousins would be visiting soon” we had skirted from UNFCCC – Cancun and were preparing to wipe out Doha with the same intensity as Typhoon Bopha,which tore through Philippines leaving 902 dead and 80,000 homeless.

Should the BASIC, LDC & Small Island Nations believe that things would be built on the outcomes of the Kyoto Protocol and the Bali Action Plan; post Doha they need to do some serious review and approach the issue with innovation.  The idea of enhancing the collective ability to discuss climate change under the principles of equity and common but differentiated responsibilities in facing the adverse effects of climate change should be re-written.

If one understands the internal compulsions of EU & USA, it would be clear that “Enhancing the ability of developing countries to undertake nationally appropriate mitigation actions that are supported and enabled by financial resources and technology transfer from developed countries pursuant to the Convention”; – would remain a very clever draft on paper till another clever draft takes its place. After all which superpower wants to create another superpower, that too at its own expense ?

The only way for removal of barriers to technology support and transfer to be provided to developing countries pursuant to the Convention would come when at least in the BASIC countries, which have the most wherewithal and therefore the least chance of being clubbed with the LDC’s and Island Nations; swiftly put in place a loss and damage measurement mechanism along with enhancing operational action on capacity building  with smarter trade treaties with the Developed World. The concept of which I will expand in the later paragraphs.

While China along with India too is unhappy with the lack of commitment and silence from developed nations especially on the question of finances, intellectually property rights and technology transfer and equity. Together they are the next rising stars of the world economy. And everyone including the BASIC members themselves know that. This very reason would limit any serious commitment from the financially troubled EU and the USA.

Add to that the recent comment by President Vladimir Putin on Wednesday – “For Russia to be sovereign and strong, there should be more of us,..I am sure that a family with three children should be the norm for Russia. But much needs to be done to make this happen.” Putin said in his annual speech to the Federal Assembly of both houses of parliament.

By the time the UNFCCC meets for CoP 19 in Eastern Europe, the USA and others would have calculated how much GHG the expected population rise would produce and factor that with the India + China population and throw up their hands in despair. But, if one must be fair, there is truth in this. One of the biggest challenges to Climate change mitigation would be the huge population we India + China possess.

And while we await an innovative idea about how we make a few million Russians out of Indians & Chinese and thus solve the Russian population problem and ours too; we need to seriously prove that our burgeoning population does not harm or come in harms way due to the vagaries of Climate Change.

Almost all Asian and South East Asian Countries have high density population in very small land-mass. So much so that Historical cities, which were built near the confluence of rivers and sea and the deltas have encroached the flood-planes. In the Island city of Mumbai, one would find shanties perched precariously just above the high-tide. Therefore in an unfortunate event of Tsunami or Cyclone loss of life and property is colossal.

How then it be possible to make a difference to the Climate Abatement and solve the crisis of the Cities ?

For that let us look as an example the city of Mumbai. To de-congest it we need to create business centres away form the main city. And to make the business centre successful we need to create residential townships. This is already been set into motion at Ulwe village area of Navi Mumbai, where the  Dhirubhai Ambani Knowledge City complex in Navi Mumbai spread across 135 acre is also earmarked. In an unusual diversification, the Anil Dhirubai Ambani Group will build integrated townships, residences, hotels and commercial spaces through a joint venture with Chinese giant Dalian Wanda Group.

This is a classic example of Sino-India business relationship which would have great bargaining power across the oceans to have technology transfer happen. Should it be developed in the lines of a climate resilient city, which it must, the EU and the USA would be looking to do business with it and would thereby transfer the technology they posses to make it a 100% Green township.

With more such projects encouraged, albeit in less Eco-sensitive zones and with proper diligence to Bio-diversity, none of the issues of technology transfer and related matter especially – …nationally appropriate mitigation actions that are supported and enabled by financial resources and technology transfer from developed countries pursuant to the Convention would matter. Because with each import of the technology transfer done to the developing world, the technology provider would need to discount the price of the plant & machinery or consultancy sought,  to avert climate change. This could be one of the smart trade treaty. Let the BASIC block allow entry of those goods which factor the “rebate” of climate related loss the developing nations have faced and is in line with the – loss and damage measurement doing the rounds at Climate meets.

There is a difference between begging for alms and negotiating the price of a technology which the west anyway need to sell to boost its sagging economy. The position across the table completely changes. There is a lesson which the LDC’s and Island Nations can learn. If they come as a group and provide business opportunities to the BASIC block; by virtue of it’s negotiating power the BASIC would make the west pay their way out of the mess they have created, even in those countries who are to weak too do anything today.

 

 

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Kyoto to Doha: Why Climate abatement talks always fail !


Through this article, we would try to find why we are failing again and again at Climate Change Negotiation for the past 20 years, my comment on the EU and the USA, no way includes the stellar work done by peers and compatriots; of those who are the true crusaders of Climate change abatement. But perhaps this could be used as an introspection on what we as a Human Civilization have become World over. We shall also try to explore how we can find a way forward form a fresh perspective.

Last November news on the Telegraph readAmerica will produce more oil than Saudi Arabia by 2020 and become a net exporter a decade later, according to the International Energy Agency.

As a child, I used to hear my father say. “USA would one day be the largest producer of Oil”. He foretold. His argument was that the USA is conserving its oil while depleting the stock of the Middle East. By becoming the largest consumer of almost everything it would by the laws of market forces rule over the World. ‘There is no need for conquest by force, when one can have agents of greed agree to rape and plunder there National wealth to fill their coffers with Dollars and in a way be an extension of the US way of life‘;he had added.

So while the World filled their Banks with “Bonds” and “Dollars” made of Paper, the US kept the Gold and Silver at Fort Knox and the rich petroleum below.

Thus the USA became a consumerist society and was taught to waste. A well designed social system was put in place, where the people from Cinema and other entertainment were made into “diva” and “Greek god”. Their life-style became fashion statement. With limited intellect and skills beyond looking bodily beautiful, earning huge sums of money for contributing nothing of substance to the well-being of the planet, a whole industry thriving on Narcissism started to become norm for the western World and slowly percolated to the Orient too.

The World society as a whole moved from seeking essential goods and commodities to “must have”. It became an obsession to have a Second – Home, Car, Watch or Pen. So much so that today we have a jingle to a software launch which says – I want to be everything at once. Consistency and common-sense be dammed !

So much so that there are more fruits in a rich man’s shampoo than in the plate of the malnourished. Something the UN on their regular sojourn around the World to eradicate hunger and depletion of forest must ponder upon.

Today the life-style of the West is so pervasive that young impressionable minds believed around the World, with great help from a frenzied media that

  • eating just one bite from a plate-full of food and throwing away the rest was fashionable. It showed that you are not greedy ( anybody who thought that it was a sensible thing to finish the plate was ridiculed to death ).
  • wearing a haute couture dress twice became morally wrong and punishable. Now a woman of substance can’t even wear shoe, hat or a simple glove twice. And if two girls wear the same it is considered a disaster.
  • from food, clothes,bag, boxes, jewellery it percolated down to use and throw pens, watches, camera and what not.
  • Skin and hair must stay as young and supple as that of a new-born. Although I can show the world people with better hair, skin and physical shape working in the paddy fields across India. And yes, 10 times more beautiful than the faces on fashion magazine, without using a single product the big business houses launch.

Waste is bliss. For the corporate whose business Empire grow make sure that someone who can represent their ideas rule the roost in popular media and politics. It is amazing to see how almost every Nation believes that to be hip and happening, one needs to eject ingenious habits and ape that of popular west.

How then can the West suddenly convince their populace to adapt and adopt life-style which requires a low GHG consumption ?

Are the very negotiators not conditioned in life-style diagrammatically opposing to what they need to ratify ? Civilization has always been built on the Ego of Man. Empire and Emperors shaped the destiny of people based on what they perceived as true.

Therefore the interlocutors we need on behalf of the West should be chosen from the likes of CAN International. World Resources, Climate Co Lab of MIT, OXFAM  IUCN, Greenpeace and similar. Else the World as the LDC’s, ALBA’s and Small Island Nations know would not be there soon for them to live upon.

I would like all to pause as the above statement and reflect – Who are the greatest losers of Climate Change? Those which are either too poor to abate or adapt to the severe changes Global warming may bring about. As for the larger Nations, they are comforted by the fact that they can take the proverbial  hit on the chin and still stand its ground.

The psychology is attuned since the Cold War era to believe that, their disaster response system in case of an all out Nuclear War is already there. Surely Climate change would not be that sudden and thus with ample response time they would always be able to save the important plants and animals.

The Super powers by default of who they are; are conditioned to rationalize the words like – Collateral damages; Expendables; Minimizing the percentage of loss; etcetera. Thus, not much ice has been cut in the last 20 years of talks.

And so much so that, on the flip side the Super Storm Sandy has actually help reinforce the “invincibility” factor in the minds of some. ‘Look, our advanced technology and warning system could predict the storm much before it hit us’. Some would argue. ‘And with the superlative discipline and wherewithal in place damage to life and limb was minimum’. Will be the following consolation.

And somewhere, the fat corporate giant would send in their lobbyist to block plans to rationalize the climate talks. After-all there is so much to build back after a disaster. What an opportunity.

And hell no. Not one such business house would want a loss of life (Human only). Each human is always a potential buyer of goods after all. It’s bad for business. But, such things happen. Too bad, life must go on. And that is what the departed would have wanted, they would argue and with much empathy slip the latest house design in the hands of the living, while the insurance guy stands in the queue with the most friendly smile.

One’s emotional response to a situation is conditioned according to the life s/he has lived. Nations are built by people.

It is really funny, if one pauses to think that a religious argument is being forwarded to straighten a business wrong. So to change the mindset of those Nations or groups who do not consider that it is their moral responsibility to shoulder the burden of Climate change. The LDC, BASIC and the ALBA along with the Small Island Nations, speak in the language the EU and the USA government understand. The language of Business.

So while it is difficult to get commitment into the GEF, surely it would not be difficult for the Parliaments of the Nations most vulnerable to Climate change, pass laws of taxing those who would want to conduct business with them. A Cess perhaps ? For that, corruption has to end. But faced with the potential of having their feet wet  or throat parched by and for water; Peoples behaviour can change.

And change in the thinking and mindset of people must happen soon. We can not afford to keep on extending the deadline until the grand-child of Suzuki repeats the speech spoken 21 years ago in yet another UNFCCC meet.

 

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Green Business Idea: Finding CDM opportunity in the Dumps.


Sustainable Development Goals. Sitting in front of my computer I was thinking about how would I be able to express my inner most feeling. As to why we must live sustainably.

Why is it that the UNEP – SBCI trying so hard to popularise the concept of sustainable growth and climate responsive cities. And why is it that we as the inhabitants of this Planet not able to tune into the cause and effect our “way of life” creates for this planet. What more can we do to create the mass hysteria required before the end of UNFCCCDoha to achieve all that every environment conscious person, whether standing alone or in group want. The 4°Centigrade warning by the World Bank has not really affected many.

Looking at the screen saver, my conscious mind wavering and disturbed slowly became tranquil. Just like the tranquillity of the waterfall, which although in continuous motion is unperturbed and in peace with itself and the surrounding it nourishes with life-giving water. And I thought of – Garbage !

Tons and tons of rubbish. So much garbage that the mind becomes numb, as opposed to tranquil. But why is it so ? After all it is we, who create the garbage not nature. Then why are we not at peace with it. Why is it that we cringe at the site of this man-made collection ?

The answer if we seek is simple. It is not natural. And what is not natural, Humans who after all are part of Nature can not co-relate to it. Garbage creation is unique to Human, no other animal species in its quest for daily existence creates garbage. There is a lesson to re-learn from this piece of information. A lesson Human, as it became more “advanced” forgot. We continue to destroy vast tracts of green scape. Whatever we touch ultimately turns into an ugly unholy mess. While we claim to be made as an image of the most holy, God himself.

Why do Humans generate waste ? And other animal species don’t? To understand this we must in simple terms understand the basics of Human nature. An intelligent social  ANIMAL. Somewhere deep in our genetic code, there could be an unconscious response mechanism which gravitates us towards the Lush Green Forests. The most primeval thought would be surely be that we co-relate forest with plentiful food and shelter ( as in our earlier avatar as Chimpanzee) within the tall shady trees.

And then our “intelligence” takes over and we build Concrete shelters and Plastic bowls to aid us in living and eating in comfort. And in the process we end up surrounding us with Garbage. Especially non Bio-degradable waste. If I be the judge of it, I would hand it over to the “Developed Nations” jointly in teaching all Nations around the World how to live a waste-full life .”Presentation” is everything. From decorating a food-plate to decorating oneself, the capacity to create waste is mind-boggling. And the “ambassadors” of wasteful living the “Fashionistas” & their followers need some lesson in frugality. And perhaps if they can be converted to consider frugality as a “trend”. The World would surely survive.

Go to any Fashion Event or Product Launch and see what I mean by waste. It is pure GHG. While the likes of us can never rub shoulders with the Who- is -Who (idiot) list; we are made part of the wasteful living too –

Garbage Island

Garbage Island

Just unpack your latest Mobile phone or Laptop. When was the last time we returned the packaging of our Super costly Pen or Watch back to the Company ? Did one really need the packet of the Pen which we would ultimately put in our shirt pocket or would stay in the pen stand on the writing desk. Rarely used in the era of Tablets ? And please see if you can find the package your tablet came in for that matter. There is a difference between “functional packing” for shipment and “decorative” packing. I point at the later. Our capacity to generate waste has become so huge that not only are we successfully able to deface pristine landscape we have even managed to pollute the mighty ocean. In fact I proudly add to it while unpacking my new Cell phone. First the cellophane, then the cardboard carton, which has highly toxic printed image of the phone within. And No ! I would not want the store to give me an unpacked one and neither would the store ask for the package to be shipped back; to be sent to the manufacturer for reuse. That dirty word. How can a rich upwardly mobile south Mumbai living personality like me do anything with “reuse”. It’s so offensive. In fact we laugh at people who refuse to send us enormous boutique of flowers, wrapped in cellophane and other decorative tit-bits, on any of our celebrations. That we promptly trash it post party and don’t have any clue what happens to it is another matter. After all I am a responsible Citizen minding my business!

https://i2.wp.com/envacapstone.wiki.usfca.edu/file/view/gpgpbackground.gif/66763595/gpgpbackground.gifWe have actually created an Island of waste The Great Pacific Ocean Garbage. And if things continue as usual probably the United Nation would have to declare a new Island state with the usual suspects laying sovereignty claims on it ! If one wants to enjoy the horror of it just tap the You Tube link in this blog’s video section – Grabage Island. And another link here. We also have added more Garbage into the ocean when the Tsunami struck Japan. And with the likes of Hurricane Sandy  & Nilam visiting America and Asia alike, we will only be adding to this garbage. That it is leading to toxicity of the sea to a dangerous level and affecting marine life is obvious. But what is not so evident is that what would be the long-term effect of this to the Climate Change ? Water currents and waves, wind and rain all form a complex chain of events initiated by the Sun. What is the change in reflective or absorption pattern of the Sun over the Ocean, polluted to such a vast area by filth? Will it be changing patterns in the weather ? Will the filth be sucked up in some giant Hurricane and carried within the vortex of the mega storm and dumped over some fine city ? The chances I would say are very likely. Just as likely is the breaking down of this enormous filth through chemical reaction into harmless and some very harmful toxics which would be and perhaps is causing some air & water-borne problem, which the powers that be are already aware of but not willing to discuss. Because, it’s the job of academicians to find the truth and hand it over to the politicians who by the default of who they are, add the spin & gloss to serve their narrow interest ( all politicians have ever wanted from the days of Pharaohs is to have a memorial in public land with public money when they die, civilization be dammed). It has always been true and will perhaps be till we as a civilization find the way to make Logic a religion and Politicians extinct.

But as my wishful thinking may not happen in my life-time, I would do what is available with me, suggest another simple Green Business Idea. My request to the academicians, climate scientists, NGO’s and the Peoples who love to live in this beautiful and Only Living Planet is to shake their respective governments and municipal agencies to adopt PYROLYSIS and this must happen in the UNFCCC Doha COP18. Although a very common process in the Chemical Industry and many large fully continuous pyrolysis plant are functioning, mostly recycling tyre, the potential which catches my eye are –

1. Biochar is also being considered for carbon sequestration, with the aim of mitigation of global warming.The solid, carbon-containing char produced can be sequestered in the ground, where it will remain for several hundred to a few thousand years.

2. Anhydrous pyrolysis can also be used to produce liquid fuel similar to diesel from plastic waste.

The ongoing Climate change negotiations at COP18 Doha, has the opportunity to change the tide towards sustainable living should the stake holders want. Of the many wonderful suggestions which get presented by many, my appeal to those who CAN make the difference on how we use our WORLD RESOURCES is to convince governments all over to encourage Pyrolysis plants as Micro,Small & Medium scale Industry. With especial emphasis on the Micro of the MSME basket.

The beauty of a Micro industry is that it would hire the rag-pickers, the scavengers. The most vulnerable and the economically weaker section of the Indian society. People with the most flexible back, as opposed to my stiff one which does not allow me to bend while walking the filthy streets of Mumbai and pick-up the rubbish strewn around my posh home and imported shiny car. Perhaps the recent comment – “While it may look inappropriate for me to be saying this, Mumbai should do something about the filth and squalour around,” said mayor of London Boris Johnson. Would shake up the Municipal corporations in doing something about the filth in earnest. While bio-degradable waste, is a menace too, barring the chance of causing Bubonic plague. Perhaps a good thing, as the city of Surat in Gujarat which suffered this last, is cleaner today. However, the root of the plague is recorded to have come form Wadwani tahsil, Beed district, Maharastra .

But the real change will come when we would add “value” to the filth especially plastic waste. There is evidence of this in Navsari near the city of Surat itself. A young girl had been able to create a small system spending hardly a few thousand rupee, which could convert 3kg of plastic waste to around 2 litre of liquid fuel. As per the girls claims, she had done this as a school project. If considered true, then it is one of the most fitting example of Women Empowerment and Climate Change abatement wrapped into one. And if supported by the GEF, a true CDM which actually benefits the Planet and the People as opposed to the what has happened in the 1st crediting period of the Kyoto Protocol.

PryolisisConsider, the vast possibilities, shop-keepers of Mumbai & rest of India, who think nothing of allowing their employees or clients from throwing the plastic wrapping and packaging right into the streets; Pan masala or “gutka” (tobacco) chewer ; would no more carelessly throw away the packets & sachet leading to clogged drain but hoard them to be sold to the pyrolysis industry. And the best part, with the tonnes of already stashed plastic the municipal corporations already own, they are almost sitting on an Oil Bank. And that is not the only thing that is produced via PYROLYSIS as is shown in the table above.

The Mumbai Municipal corporations can lead by example and clean-up the stench emanating local railway lines and city streets and in the process solve the humongous problem of fast depleting garbage dumping areas.

On 12th Nov DNA Newspaper an article by Eknath Makne readsEven as the city struggles to dispose 6,500 metric tonnes of waste generated daily, the civic body seems to be in no hurry to upgrade the dumping yards. Violation of municipal solid waste rules, 2000, has added to the stink. It’s high time the BMC pulled up its socks and citizens played an active role in ensuring a litter-free city….The MSW rules (management and handling), 2000, make it mandatory to segregate waste at source. The rules stress dumping of waste in stages like collection, transportation, processing and disposal. The rules were framed based on recommendations made by a panel appointed after a Supreme Court order in connection with 1994 plague epidemic in Surat…..In its 2012-13 budget tabled in March, the corporation had proposed to install 20,000 litter bins of 6.5 litre capacity each across 10,000 locations in city. But the plan will take a few more months to materialise…The municipal corporation’s apathy is seen in the piling garbage in parts of the city. The civic body is supposed to pick up waste from collection points thrice a day. The lack of adequate number of vehicles and compactors has posed hurdles, allowing garbage to accumulate. “Garbage is being picked up after every two days in our area only because we pursue it regularly,” said Nikhil Desai, a resident of King’s Circle. “If we don’t, it rots on the street for 15 days.”….The Brihanmumbai Municipal Corporation (BMC) has 650 vehicles to collect garbage and requires 300 more compactors. It has invited tenders for dumpers/vehicles to collect garbage from administrative wards. It expects to get the vehicles by June next year. Kanjurmarg yard is not the only example of mismanagement of solid waste in a city, which is growing by leaps and bounds. Lack of processing units waste has added to the poor management of the city’s solid waste. The promised bio-methanisation unit at Mulund dumping ground and composting plant at Deonar site was put it place. But without they being operational, it has added to the city’s garbage woes…..Activist Harischandra Pandey, a resident of Borivli, asserted that participation of the citizens was needed to attain the clean-city tag. “You can’t blame the BMC if you yourself are not adhering to norms,” he said.  Rajkumar Sharma, president of a Chembur-based Advanced Locality Management (ALM), too feels social audits are necessary for a proper execution of the clean-up plan.

While it is evident that Activists and the Municipal corporation are aware of the problem, the solution can not come unless it is converted into a tangible economic benefit for the Citizens. Once we add value to the garbage, it would be rare indeed, to see it going “waste”. In fact some enterprising Indian would find a way to collect all the rubbish out there in the The Great Pacific Ocean Garbage, by building a floating rig and starting producing “off-shore” PYROLYSIS oil ! And as for the bio-degradable waste ? Well we surely can be producing enough methane gas to pipe it for good use somewhere.

It is not enough for us to think in terms of Business as Usual and scale things up. What is important is to find proven technology and scale them down so that the 6 Billion become direct users. Now to me that is large-scale.

 

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Sustainable Mining should be The BASICs agenda at UNFCCC-Doha.


One of the most vexing questions which need to be tackled in the run-up to UNFCCC -Doha is the agenda of discussion here. The issue of Economically Sustainable Development vs Ecologically Sustainable Development, and how to really boost the RET’s. And how the people must manoeuvre the thought of the leaders towards concrete results.

BRASILIA, BrazilBrazil, South Africa, India and China are urging developed countries to adopt more ambitious goals to reduce global warming.The four countries form the bloc known as BASIC and representatives on Friday ended a two-day meeting to define a common position ahead of November’s United Nations’ climate change conference in Doha. BASIC acts jointly in international climate change meetings.They say developed nations must assume stronger emission reduction commitments under the 1997 Kyoto Protocol that is aimed at stemming pollution and global warming. It has been opposed by the United States. (The Associated Press Published: Friday, Sep. 21, 2012)

Was this ambition to do more about Global Warming anything to do with the report below ? For Politicians too can be affected by death and disease ? Will the world leaders finally wake up to doing something concrete at the grass root level or still devise methods of corporate enrichment, using the bogey of Climate change abatement?

Global warming may be spurring the spread of Cyanobacteria, one of the most primitive of bugs, while causing them to produce greater amounts of toxins, which may affect liver, nervous system and eyes, according to a study. “These toxins may affect the liver and other organs (hepatotoxins), the nervous system (neurotoxins), different cells (cytotoxins), the eyes and mucous membranes, as well as causing dermatitis and allergies,” explains Francisca F. del Campo, study co-author and researcher at the Autonomous University of Madrid. (IANS : Jul 4, 2012,)

MUMBAI: Global warming is expected to intensify extreme precipitation, but the rate at which it does so in the tropics has remained unclear. Now an MIT study has given an estimate based on model simulations and observations: With every 1 degree Celsius rise in temperature, the study finds, tropical regions will see 10 percent heavier rainfall extremes, with possible impacts for flooding in populous regions.”The study includes some populous countries that are vulnerable to climate change,” says Paul O’Gorman, the Victor P. Starr Career Development Assistant Professor of Atmospheric Science at MIT, “and impacts of changes in rainfall could be important there.” ( read rest if of article in Global warming to affect rainfall)

But, when one reads it again, one tends to wonder as to why India which is an equal partner in the fight for Climate change hardly takes centre stage in innovating any movement. That Dr. R.K.Pachauri sits at the top in the UNFCCC, seems to be the only achievement way back in the past when India mattered. Even when the TOI report states below that Mumbai would surely see another flood, sooner than later not a ripple is created in the Media or social circle. Should one read the C40 program, one would understand why such a thing is important. Although India was not the innovator of this program, both Mumbai and New Delhi are signatories. Yet I can bet my last inflation effected Rupee that not many a Citizen in both the Megalopolis know about it. Forget C40 program, I would not know how many in the administration know that you don’t cross the Zebra line, when you stop at a traffic signal. Or for that matter drive in lane.

As alien a concept to the leaders as to the public, the simple fact of driving in lane, can cut a better percentage of fuel consumption in a vehicle, simply because if one can cruise at a standard speed, instead of snaking between vehicles and pedestrians; the clutch and gears are less used. Which saves fuel.  It saves – Money! It also allows for less wear & tear of the roads and the citizens, who having more energy to work and not negotiate roads give that much more to Nation building. And as we well know by nowmoney does not grow on trees“. the dialogue made famous by our head of Government. It was only during the first Iraq conflict – The Desert Storm; that the PCRA had come up with sustained campaign to save fuel. But now our leaders are happy by simply increasing the fossil fuel cost, without an attempt to innovation. Forget innovation, our leaders do not even have the gumption to in-force the laws as simple as road discipline which can save so much of the exchequer. It is a telling commentary on their “ability to govern”.

The reason is simple. While the World is moving towards creating The CEO as statesman; some are more focussed in creating Politicians as CEO’s,  which in the process would be harmful to the Ecosystem as personal profit would become more supreme than National good. In the Essay by Ethical Corporation; The CEO as statesman  – The reach and impacts of today’s global corporations mean that, like it or loathe it, business leaders cannot ignore international relations, and global issues such as sustainable development.

Frankly, I would prefer a Politician to be a CEO, should s/he be able to rise above partisan thinking and innovate methods & laws to develop both business and the ecosystem in a balanced way. I do concede it’s a utopian thought, but wishful thinking is not yet a crime.

Therefore the CEO it would seem, is moving towards actual sensible approach to the problems vexing the planet. Or rather, to do plane speak; that would be the ideal solution. Because, all said and done; barring a very few, most are still applying the same hackneyed idea of business and hoping to succeed in fooling the people all over again. Any business is being sold by using the adage, green without actually understanding the core meaning in it.  By just using the adage, Green to everything that they are doing both the Politician and the CEO is playing with fire.

Reading another report in the DNA newspaper on the recent coal scam; a cold sweat broke when I thought how even this could be turned into a Green agenda! How long would it take for the spin-doctors to say, that the inquiry which has led to de-allocation of coal blocks, has saved huge tracts of virgin forest, while at the same time make a windfall profit by importing Coal ? From whichever Nation it be imported; most presumably another of the BASIC Nation or perhaps Australia. But how does this abate GHG ? It is just transfer of one’s dirt to another country. The faulty basis on which the Koyto Protocol began in the first place; even though the intent behind is was, and still is greater good. So, why not change the datum on the approach to CDM ?

For example,a report suggest; the energy derived from coal in India is about twice that of energy derived from oil, as against the world, where energy derived from coal is about 30% lower than energy derived from oil.

Thus Coal would always stay in the near future as India’s most important energy source. Therefore what must be done to balance the requirement of legitimate human developmental needs, against the odds stacked heavily against use of high GHG producing energy source ? The Green idea I propose here is simple. Declare Coal as the most lucrative CDM revenue earner and open the purse strings of the GCF on this regard. But only one rider must stay. Limit the destructions of life-forms. And have a MRV in place. Be it a rodent, a bird or a tree, document the destruction and make it public.

It is time that the BASIC countries, especially India while raising the issue at UNFCCC- Doha its right to develop; also propose the idea to ban open-cast mining! So, what is the option as opposed to open-cast mining ? The traditional methods off-course! BUT with a difference. Let most of the mining done be robotic. Not only it would save life & limb of humans it would also limit the other collateral destruction related to mining.

The technology is already there to go deep underground,without disturbing what is above. Be it creating the tunnel for the Higgs-Boson experiment in the Large Hadron Collider;  creating underground experiment to find Dark matter or the English Channel Tunnel which not only vindicates my argument but also shows how Public-Private partnership works; extraction of Coal with limited destruction to the ecosystem above must become mandatory. Until we do find the solution to endless clean energy. The balanced approach which India did take  while constructing India-based Neutrino Observatory, which looked into the various aspect of Environment; must also become norm for mining of minerals including coal via underground shafts only. Therefore, I repeat that we know the technology, we have the funds to conduct experiment which are extremely costly; the same approach must be adopted with creating innovative clauses in the existing CDM mandate; and let the balance between Economy Vs Ecology for future growth be the focus agenda at UNFCCC – Doha.

And what could be the real icing on the cake is, the energy which would be required to power these machines can come from CSP installed in close vicinity. Thus large amount of diesel which is required to fire the generators to turn the conveyors would be limited. And the site-offices can easily work with day-time solar power. This would not only encourage responsible eco-system management, but also boots various business opportunities in the nascent RET industry. Adding some more comments I had mentioned in my previous article Green Business Ideas – Abandoned coalfields can boost RE and save forest in India. We the environmentally concious can really make a case to the business viability of the suggestions.

For, without business interest, none would be interested. Even the die-hard activist needs money to buy bread, and for that there has to be a source of income. Let’s not become rebels without a cause, but rebel for the cause of Nature and change the datum of development.

In-fact, it is my direct appeal to WRI, Greenpeace -International; CAN – International and UNEP / UNDP that they support such an initiative. It is time humans start respecting life especially at the UNFCC level. In my article Killing is not a crime,only Murder is; The difficulty of preaching Sustainable Living.; I’ve tried to show how we narrow our focus, while talking of right to live. Unless this changes, real progress towards sustainable economy will  take longer time than we presently have. To save this planet from climate change due to human intervention.

 

 

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CDM -the Scam & the Redemption


In the absence of any monitoring system under the UN’s Clean Development Mechanism or CDM (see box), DNA has found that several large projects in India that have been declared green and sustainable under the scheme are not only polluting the local environment but were also established by violating various environment laws. However, because of their status, these firms are permitted to sell carbon credits in the market, earning huge revenue in the process. These are the paragraphs from a superb investigative Journalism by DNA corespondent -Gangadhar S Patil.

In his article, Carbon Credit Fraud: How big firms faked green to mint gold he goes on to say – High cost and uncertainty ensure that many genuinely clean and sustainable projects fail to attain CDM status. These projects, handled by small-time developers, fail to attain CDM status because of the high cost involved in the application and verification process. Even if they manage to pass these hurdles, they don’t earn enough carbon credits to attract real traders in the market.

What Mr. Patil, infers is more horrifying than just the manipulation of the scheme to amass wealth, it is down-right criminal, if true.

Absorptions bands in the Earth's atmosphere cr...

Absorptions bands in the Earth’s atmosphere created by greenhouse gases and the resulting effects on transmitted radiation. (Photo credit: Wikipedia)

Are firms deliberately overproducing greenhouse gases (GHG) for the sole purpose of destroying them in order to earn revenue through the sale of carbon credits under the clean development mechanism or CDM scheme? The first indication is the fact that an analysis of the total carbon credits issued to projects across the globe, including India, shows that over 50 per cent of the total carbon credits issued until July 2012 were for the destruction of a deadly greenhouse gas called HFC-23 (Hydro Fluoro Carbons-23). It is 11,700 times more potent a greenhouse gas than carbon dioxide and is created during the manufacture of HCFC-22, a gas used in refrigerators and air conditioners.

In comparison, renewable energy projects like wind, solar and biomass, together, account for less than 30 per cent of the total carbon credits issued in India; the figure is 20 per cent for the world. The CDM scheme allows firms manufacturing HCFC-22 to earn huge carbon credits by destroying its by-product, HFC-23. Since the cost of producing HCFC-22 is lower than the revenue generated by the sale of carbon credits issued for destroying HFC-23, it is possible that HCFC-22 is being manufactured solely for the purpose of destroying its by-product and earning carbon credits instead.

English: Greenhouse Gases

English: Greenhouse Gases (Photo credit: Wikipedia)

The second red flag is the fact that despite a sharp fall in the price of HCFC-22 due to supply exceeding demand and steep global economic recession, the production of this GHG has continued to remain at the same level…….Experts are not clear about what is happening to the excess HCFC-22 produced. Some believe that companies could be stocking it; others believe it is being clandestinely released into the atmosphere. As a result, there is no actual reduction of greenhouse gases though the total number of carbon credits issued is huge.

The last sentence would and should give shivers to any right thinking person. However, with the Country governance is doldrums due to the impact of one scam to another, the latest being coal; the knee-jerk reaction the government took this week in boosting the economy would not only impact the rudimentary Sustainable practices, it can erode it completely, with some  corporates muscling in their agenda of “growth” at the cost to the ecosystem.

carbon-Credit-Card

carbon-Credit-Card (Photo credit: charlesfettinger)

Today the greatest unrest is because of Energy requirement, which comes from fossil fuel and with Coal hitting the scam list, it would be difficult for the government to allow mining ( unless strong-arm tactic are used) and feed the critical requirement of the industries. Thus importing coal would gather steam. Which in no way helps in abating GHG, just reduces pollution at ones own door. The second being LPG, now it is well documented that Oil corporations are bleeding due to subsidy, but to stem the flow what is required is imagination not short-term solution.

Further, the increase in LPG price and the cap in its domestic use, would spawn another scam /corruption which now is a default setting among us.

And to stay in governance the Government would be very tempted to turn a blind eye on the misdeeds. So what must be done to balance “growth” and come out of the log-jam which is called “policy paralysis”?

As always, each problem has sustainable solutions; we only need to find them and in this article through the use of CDM.

In a recent debate, to the current situation at TIMES NOW TV, one of the guest in the Panel quoted – ” Darkness is not opposite of Light but the absence of light”.  Resonating the sentiment I would say that the failure of the CDM policy is not the failure of the idea, for the idea in itself is the original “Green Business Idea”  under which heading I have written many a blog and today I rest my arguments with the link to a series of those which directly point to a solution. What is required is to make the system a little more fool-proof. And to this extent the media, with its depth of reach should partner those who walk the path towards sustainability.

It is well documented, that traditionally in India the debt of the Father is paid by the Son. Horrific tales of the Bonded Labour are known to many. But if it’s a sad tale, it also has an opposite side. The side which investors in CDM and the Banks need to see; the honesty of the grass-root citizens of India. Unlike corporate frauds, they pay their debts. At times with their lives.

The Indian as opposed to the pseudo (westernised) Indian, always has paid respect to Nature and if one takes any religious festival of India, Nature is given due importance. In my earlier article Disconnect from ones culture is the root cause of Global Warming & Disconnect from ones culture is the root cause of Global Warming;Part-II Killing Trees; I have tried to document this aspect within the limited knowledge I could gather.

Further, I believe that the concepts which I have attempted to project through many of the articles termed Green Business Ideas, and especially – Renewable Energy – Empowering Women & Saving Forests; Green Building Ideas:Using Solar panels as roofing sheet instead of asbestos. All have the potential to earn CDM benefits. We can call them CER or REC; the money can be international or national but it must be available at the grass-root level. And at the level where innovations make a difference.

Greenhouse gas intensity in 2000 including lan...

Greenhouse gas intensity in 2000 including land-use change. (Photo credit: Wikipedia)

While we still need to rip the bowels of our Mother Earth, to feed our insatiable needs, we can actually limit them by creative thought; Green Business Ideas: Solar Panels can save water in the fields for farmers.This very act alone would save thousands of petro-dollars and improve the fiscal  deficit. While at the same time creating millions of jobs in the service and allied industries of the Solar market. While the above thoughts look at the Indian grass-roots, the middle class too can benefit and its mental outlook can be changed with Green Business Innovation : Offices can now print on a E-paper and save forest.;Green Business Ideas: Carbon Credits opportunities in Green Townships.But these too, need the support form the UNFCCC and the Banks which traditionally look at large caps and easy return; which lead to the fraud in the first place.

While the present Mumbai city many not have enough roof-space to generate its own electricity, by making laws for future re-developments and up-coming townships (Green Business Ideas: the missing LEED/GRIHA credits can help boost economy worldwide.) a great amount of job creation and by that default wealth can be generated. The crisis of energy can be tackled and that should be the goal.

Within a span of 10 years, should Sustainable building methods become norm, the government can further cut its fiscal deficit by increasing the energy tariff to what it should be, while encouraging CDM benefits for the common person. The concept is addressed somewhat in Green Business Ideas – Applying Solar OPEX model on Green Buildings will make Grid parity easy.

 The government in its first avatar of UPA-I started well in the path towards sustainability; but partisan politics and myopic views of both the political and corporate masters have not helped in boosting the concept which it came out with (Green Business Ideas : India should promote NSM & NMSH to make NMEEE a success)What it must do is lend its ear to the citizens, who always care for good governance and will stand as a solid wall of support if the benefits from CDM flows directly towards them, instead of becoming another profit-making tool for the unscrupulous corporate entities.

 

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Green Business Ideas: India gives a PAT to Inclusive Wealth Report 2012


Whatever said and done; the Prime Minister of India Dr. Manmohan Singh has the best sense of timing when it  comes to providing impetus to the Economy, launching PAT under NMEEE this week, is one such achievement. Let us look at how such green initiatives are going to be one of the best bet in boosting the Green Economy not only in India but world-wide.

A direct link can easily be established between India’s NAPCC agenda (of which PAT is a part) and IWR’s core thought. I had dealt in greater detail on what is NAPCC in – Green Business Ideas : India should promote NSM & NMSH to make NMEEE a success. So I will only bring out the thought which resonates with the IWR in this article. Below are some of the very recent remarks found on the News, post the culmination of UNFCCC‘s summit at Rio and excerpts from the UNU-IHDP’s & UNEP’s  report IWR 2012 .

guardian.co.ukThe bizarre weather of early summer in the US – from heatwave, wildfires, drought to freak storms – is just a sampling of what is to come for 2012 and a window to the future under climate change…..

green-buzz.net – Global warming will mess up with attempts to save the Amazon rainforest, based on a negative new research that predicts that a third of its trees will be wiped out by even small temperature rises. …

guardian.co.uk – Whenever an episode of extreme weather – heat wave, flood, drought, etc – hits the headlines, someone somewhere is sure to point the finger of blame at human-induced climate change….

bbc.co.uk – Leaves are getting narrower on some plant species as a result of changes to the climate, a study has suggested.

In the last decade, almost one million people have been killed by disasters and more than one trillion dollars have been lost. Yet only 1% of international aid is spent to minimise the impact of these disasters : UNDP

The remark of UNDP simply reinforces the scope and depth of opportunity global business has in extracting itself out of the morass of economic slowdown and begin towards a newer and dynamic economic model based on the lines of a B-Corp, a recent and fast catching phenomenon around the western hemisphere.  And presently the slow down of  world economy is partly due to the slowdown in ideas and direction in the EU and lets not forget the Lehman Brothers very soon, lest the USA makes similar mistake again, in its present climb-up the ladder of economic well-being.

“IWI is among a range of potential replacements which world leaders can consider as a way of bringing great precision to assessing wealth generation in order to realize sustainable development and eradicate poverty,”said UN Under-Secretary General and UNEP Executive Director Achim Steiner, during the launch of the Inclusive Wealth Report 2012 (IWR), a joint initiative launched at Rio+20 by the “International Human Dimensions Programme on Global Environmental Change (UNU-IHDP) hosted by the United Nations University and the United Nations Environment Programme (UNEP).

Wealth accounting, the concept behind the IWI, draws up a balance sheet for nations and shows countries where their wealth lies. By taking into account a wide array of capital assets a nation has at its disposal to secure society’s well-being, it presents a more comprehensive picture and informs policy makers on the importance of maintaining their nation’s capital base for future generations. The importance of keeping an eye on the full range of a country’s capital assets becomes particularly evident when population growth is factored in.

Key findings from the report are:

  • While 19 out of the 20 countries experienced a decline in natural capital, six also saw a decline in their inclusive wealth, putting them on an unsustainable track, Russia, Venezuela, Saudi Arabia, Colombia, South Africa and Nigeria were the nations that failed to grow. The remaining 70 per cent of countries show IWI per-capita growth, indicating sustainability.
  • High population growth with respect to IWI growth created unsustainable conditions in five of the six countries mentioned above. Russia’s lack of growth was due largely to a drop in manufactured capital
  • 25 per cent of countries which showed a positive trend when measured by GDP per capita and HDI were found to have a negative IWI per capita. The primary driver of the difference in performance was the decline in natural capital
  • With the exception of France, Germany, Japan, Norway, the United Kingdom and the United States, all countries surveyed have a higher share of natural capital than manufactured capital, highlighting its importance
  • Human capital has increased in every country and is the prime capital form that offsets the decline in natural capital in most economies
  • There are clear signs of trade-off effects between the different forms of capital
  • Technological innovation and/or oil capital gains (due to rising prices) outweigh decline in natural capital and damages from climate change, moving a number of countries – Russia, Nigeria, Saudi Arabia and Venezuela – from an unsustainable to a sustainable trajectory
  • Estimates of inclusive wealth can be improved significantly with better data on the stocks of natural, human and social capital and their values for human well-being.

Recommendations

While inclusive wealth has increased for most countries, the report shows that an examination of natural capital is crucial for policy makers.

Even though a reduction in natural capital can be offset by the accumulation of manufactured and human capital, which are reproducible, many natural resources such as oil and minerals cannot be replaced. As a result, a more inclusive definition of wealth that will secure a legacy for future generations is urgently needed in the discussion of sustainable economic and social development.

The report, which will be produced every two years, makes the following specific recommendations:

  • Countries witnessing diminishing returns in natural capital should invest in renewable natural capital to improve their IWI and the well-being of their citizens. Example investments include reforestation and agricultural biodiversity
  • Nations should incorporate the IWI within planning and development ministries to encourage the creation of sustainable policies
  • Countries should speed up the process of moving from an income-based accounting framework to a wealth accounting framework
  • Macroeconomic policies should be evaluated on the basis of IWI rather than GDP per capita
  • Governments and international organizations should establish research programmes to value key components of natural capital, in particular ecosystems.

UN Under-Secretary General and Rector of the United Nations University, Prof. Konrad Osterwalder, concluded that using the IWI would safeguard the interests of many developing nations.

If one reads the document of NAPCC  and compares it with the MDG’s which reads- “The Millennium Development Goals (MDGs) have functioned as an important tool to focus international attention and action around key pressing global issues,” he said. “As 2015 fast approaches, the deadline for meeting the MDGs, it is clear that the opportunities for many developing countries to achieve their goals may be compromised if the present rates of decline of various crucial ecosystem services continue.”  – one would find a lot of commonalities.

And in the recently launched PAT document India is moving another step in the right direction towards inclusive wealth generation. – Designated Consumers (DCs) account for 25% of the national gross domestic product (GDP) and about 45% of commercial energy use in India. In order to further accelerate as well as incentivize energy efficiency, the Government of India is designing a Perform Achieve and Trade (PAT) Scheme. PAT is a market based mechanism to enhance cost effectiveness of improvements in energy efficiency in energy intensive large industries and facilities, through certification of energy savings that could be traded. The genesis of the PAT mechanism flows out of the provision of the Energy Conservation Act, 2001.

By this one very act, if implemented properly business all-over the world would get a boost. An an Emerging Economy India needs to develop and for that it has to create capacity in the core fields of – 9 industrial sectors namely Thermal
Power Plants, Fertilizer, Cement, Pulp and Paper, Textiles, Chlor-Alkali, Iron & Steel, Aluminium and Railways.

To bring in energy efficiency in these core sectors Indian Industry would be looking at the West which whatever be the current economic scenario, still lead in R&D in many areas and has off-the shelf solutions for most industrial machinery. They have the state of art product design and solution and a need a wider market which can absorb the supply. The BRIC Nations are the ones which can rise up to the occasion and with PAT, India can attain leadership position by 2015, in this space. NMEEE can be divided into   PAT; MTEE; EEFP & FEED  and together they would not only be able to have a positive impact on the GDP but their implementation shall have a direct positive effect on various service sectors  and  create the much needed jobs all around.

Let us take the most important and controversial sector of Thermal Power Plants – it is one of the greatest concern for Environmentalist all over the planet and if this sector itself has to reduce its SEC, serious thought would be applied to overcome the challenges.  And through PAT it shall be addressed because conventional thermal power fuel is coal, which although a natural capital is also a potential GHG hazard and to extract it we need to deplete the most important wealth of any Nation – the forest cover.

The Indian Industry through the CII is already geared up for this challenge and ground work has already started. The CII – Sohrabji Godrej Green Business Centre [CII Godrej GBC] is promoting the concept of ‘Make Indian thermal power plants world class’. The main aim is to bring the industry together to exchange views and meet new technologies, facilitate continuous performance improvement in thermal power plants and thereby achieve world  class standards. I am confident that given the stakes, a green economy with long term wealth generation vs  “gone” ecology, the present Thermal Power plants which are coal fired and GHG intensive would take on the new avatar of  CSP driven thermal power plants.

To the common person who associate Thermal power plants to polluting coal and do not want to see them existing any-more, the coal is just a fuel that is used to boil the water to steam, which runs the turbines and generates electricity. In technical terms all that is required is to switch the fuel from the GHG intensive Coal to Concentrated Solar Power or CSP.  The era of Solar Aided Power Generation from Conventional Fossil Fuelled Power Stations has already arrived.

In the Middle East and North Africa (MENA) region a great concept towards renewable energy is taking shape The DESERTEC concept which will be an astronomical step towards sustainable supply of green energy at a global dimension. It is estimated that CSP plants in MENA can generate up to 470, 000 MW by 2050. Similarly in the USA, Bright Source Energy’s tower solar collector in the Mojave Desert would supply up to 900 megawatts of clean energy to California in the next decade. The new technology will use several “power towers” at each commercial plant. An array of hundreds of mirrors known as heliostats will reflect sunlight onto a boiler atop each tower, and the resulting steam will power a turbine.

The above illustrates the great changes that are occurring in  the Industry and Economy of the world. And we have in the India context only  touched the first of the 9-DC’s considered under PAT. Rest assured, the green economy model would soon encompass all sectors of industry mentioned. And it would be the best thing than can happen to this planet.

 

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Renewable Energy – Formula for Cheaper Hospital bills and Cleaner Air


Hospitals require enormous amount of energy to run. No hospital which take care of critical illness can have even for a moment not have power supply .  So  the light bulbs, fans and small exhaust and most importantly those plug points holding the mobile chargers. Yes! the Mobile charger, though individually does not amount too much power load, when multiplied a few 1000 times it matters! And trust me no ward waiting upon a patient  in the hospital wants his Mobile battery to be out of charge! These along with Computers care clubbed into the LDP, while the Air-conditioners, Di-humidifiers and filtration plants along with hot-water boilers is connected to the HDP. In engineering terms used in my country we say LDP & HDP ( light and heavy-duty power  ). And above all the breathing apparatus, operation theater machinery are  critical activities that can’t be stopped even for a Milli second. Therefore hospitals are designed with huge diesel generators for back up power.

Diesel generators ( even the “greenest” one ) belch fumes and make noise. What could be more ironical than Health Care which is supposedly to remove pollution ( as all disease can be termed ) form the Human body is perhaps inadvertently becoming party to Climate Change. This I’m sure no self-respecting and thinking Health care professional anywhere  around the World would want.

Renewable Energy can be the Messiah  for this, yet it is too costly today for all well-meaning Health Care institute to afford. And Government subsidy is not the answer. Because subsidy is not sustainable unless it has a practical back-up plan. So what can be done ? The answer in my humble opinion is simple. Take it to the people.

Everyday there are thousands of patients who visit hospitals and are cured of their malaise; thankful for a new lease of renewed life many donate to charity, some donate to the hospital. If this simple idea is taken forward and ( with a clear and transparent with proper accountability – especially for India ) each patient were to be asked to donate say between 1% to 10% of the total Hospital fee as Renewable Energy Cess, within a span of say 5 years almost all Health Care Units would perhaps become near self-sufficient in their daily requirement of Energy.

And why would the public pay up ? Simple again, convert each persons donation  into some kind of equity, so every time s/he visits and pays the RE cess, s/he becomes a partner to the energy plant. Now as the energy plant would reduce the overall energy bill the hospital pays over time, an expense it passes on to its consumer ( read patient ) the patient should benefit through a rebate on his/her bills! It’s a win-win situation for all. And it could be  modeled on other service industries too !

The State/Country benefits; the consumer & hospital benefits and most important  the Earth Breaths a little better !

True the problem of space for installing Renewable Energy Plant near the Hospitals may not be possible to solve at most time, this is where the Government subsidy should focus. To wheel in the power created by the RE power plants afar, through its established Grid and not charge the hospitals for it.

It would be also freeing up the traditional Grid power supply and thus create a ‘surplus’ for the Government to supply power to other areas and help Emerging Nations to develop further and for Developed Nations the idea could help in reducing their GHG emissions.

 

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Green Purchasing – The New Mantra


 

Green Purchasing, also known as Environmentally Preferable Purchasing (EPP) has gained more importance with the publishing of interim report by IPCC on Climate Change and its negative effects; which has more or less ratified the already known scientific findings that Climate Change is for real and it presents a Clear & Present Danger.

To abate the incoming disaster, every sector must act now ! Because the dateline for getting trapped unto high carbon economy forever, leading to untold misery is – 2017. That is just 6 years.

To put it simply, it would not be possible for business to shift into newer low carbon technology and getting used to it unless we start now. Just as a baby needs to be at least 5-6 years old to be able to walk & talk fluent, so does any nascent business. Mindset needs to be firmed & directions gets clearer over passage of time.

If say in 2012 we put up a Cement / Steel Plant with low -efficiency technology, it would still be spewing noxious GHG for the next 40 years before one can look at it as old and think of renovation. Now magnify that into 100’s of industries of all shape and size and a trap leading to disaster is not to difficult to imagine.

Of the many urgent Do’s we have – lets deal with “Green Purchasing”. Although it ideally defines purchases by the Governments & Corporates, I like to see the “Governments ” & ” Corporates” as men and women working as a collective. This  collective when broken down into individuals become “citizen” of a Nation or putting it simply part of another collective – “the common man”.

Therefore when the Government & Corporates buy green, the common man too starts buying green.

So what is green purchasing? Simply put it’s one of the three cornerstones of sustainable purchasing, where the other two cornerstones are sound social policy and economic soundness. However, whereas economic soundness insures that the overall decision is sound from a life-cycle cost and corporate sustainability perspective, and whereas social policy addresses your need to be a responsible corporate citizen when it comes to human rights and welfare, green purchasing addresses the environmental impact of our buying decision.

One might think that buying green is the easiest criterion but it is, in fact, the most challenging criterion! An organic local food product or an energy-efficient appliance may get the label of green, but only when its supply chain, storage and other criteria of actual usage are taken into account. A cold-stored food which is made available in the off-season, however locally produced has already consumed ton of energy to stay fresh! Similarly an energy-efficient appliance if left on continuously even when not required, does consume energy. Which in effect is getting wasted.

Environment Preferable Purchasing – green purchasing – is quite simple if the three R’s- Renew, Recycle & Reuse; are applied to each and every purchase. Its difficult at first, just as a baby trying to walk for the first time…but eventually every human gets a hang of it.

 

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Recession is the best time to go Green


Michael Bloomberg, Mayor of New York City and Chair of the C40 Cities
Climate Leadership Group (C40) says- “For the first time in history, half of the world’s people live in cities and together are responsible for more than 70 percent of the world’s greenhouse gas production. Collectively, the C40 cities account for approximately 21 percent of the global Gross Domestic Product. Roughly 12 percent of the world’s carbon emissions are produced in our metropolitan areas. And nearly one of every 12 people on Earth lives in or near our cities’ limits.Granted there is no single solution for confronting global climate change. Still, the best scientific data tells us that it is long past time to address this challenge, and that cities must lead the way. This report represents a critical first step in our leadership – as individual Mayors and as a collective – towards a common, sustainable future.” C40 cities report city-wide GHG emissions totaling 609.5 million* metric tons CO2-e. This figure is equivalent to the total emissions from a country like Canada.

World over there is a slump in the Realty market. With many a nations almost folding over in Europe and the US yet to recover form the disaster of 2008, there are many who would want to toss the wisdom of Environmental concern for short-term (disastrous) gains, in almost all sectors of business.The conventional “wisdom” prevails over more slower yet saner approach. In this context when the exponents of Green Building try to move their agenda forward, all they get is a patient hearing. And it more often than not, ends there.

As per Nielsen Report on Sustainable Efforts & Environmental Concerns Around the World -“There are many possible reasons for declines in concern about climate change/global warming. Focus on immediate worries such as job security, local school quality, crime and economic well-being have all diminished media attention for climate stories in the past two years. In the face of other pressing concerns, a public “caring capacity” for climate change has been tested,” said Dr. Maxwell T. Boykoff, Senior Visiting Research Associate, Environmental Change Institute, University of Oxford. “Without continued attention paid to global warming/climate change in the media, such concerns may have faded from the collective public conscience.”

So when consultants who wants to promote as President Barak Obama says – “Better Building Initiative” not many takers are available.This is happening because while Governments all around are good at providing  lip service to Global Warming & Climate change, strong policy decisions are not being taken. Now it is also a well understood fact that should one choose to do an Energy Efficient Building -‘Green’ Building as it is popularly known, up to 20% CAPEX; 20% OPEX & 20% GHG can be reduced. This is something which even the Indian Green Building Council (IGBC), the Green arm of the Confederation of Indian Industries (CII) and compatriot of LEED – United States Green Building Council;  too agrees.

It is also a well known fact that 40% of GHG emissions and 60% of waste which is detrimental to our Ecosystem comes from Buildings or building related works.So there is clear & present danger. This danger must be addressed by all who understand the Environment Impact in our daily lives.

Now having these above numbers it makes enormous sense that during recession one must adopt the practice of making more Energy Efficient Buildings. Whether they follow the matrix set out in LEED rating system or India’s National rating GRIHA is more a matter of choice. A cheaper building a better living standard would almost always reduce expenditure in areas of   Safety,Health & Environment.

India which strives to be a Global player is as usual set to miss the bus, while Brazil & South Africa have taken the lead in taking the initiative for the C40 Cities for CDP, India has not and is in the same boat as China. For India it would be better to pursue the Environmental policy vigorously because of some fundamental reasons, the most important being that while the world was in turmoil in 2008 India was not greatly affected. This gives it the chance to become a leader in the Renewable Energy space by creating policy both at the power plant level but most importantly at the tail end level of roof-top RE. With the Indian people still woefully short of basic needs like Electricity & Water, having a strong Environmental policy and effective implementation of Green Building measure would keep India in good stead in every sense of security and prosperity a Country requires.

 

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Climate change – the most significant emerging risks facing the world today


Climate change

Climate change—often referred to as “global warming”—is one of the most significant emerging risks facing the world today, presenting tremendous challenges to the environment, to the world economy, and to individual businesses. It is also one of the most difficult risks to mitigate. This is a complex global issue at the intersection of science, risk, and public policy.

Ceres which directs the Investor Network on Climate Risk, a group of 78 institutional investors from the U.S., Europe, and Canada who collectively manage over $7 trillion in assets. In an annual report has noted that, despite the financial crisis, a growing number of political, financial and business leaders are calling for immediate action to drastically reduce global warming pollution. Climate change related catastrophic losses in 2008 to the economy were the third highest ever , exceeding $200 billion globally in 2008, including $40 billion in losses from Hurricanes Ike and Gustav in the U.S. alone, according to global insurer Munich Re. Climate trends are creating risks on both sides of the insurance house—underwriting and investment. But these trends also create vast opportunities, from product innovation to investment alpha, for insurers to be part of the global warming solution. For the first time, fighting climate change is seen not just as a long-term imperative but also as a short-term stimulus for a struggling economy. Property insurance companies are driving the majority of the activity (home owner, commercial, and auto)For the first time, two insurers, Zurich and Liberty Mutual, have introduced directors and officers’ coverage specifically tailored to address liability risks associated with climate change.

◆ Almost all of the climate-related innovations in liability insurance for directors and officers, political risk, professional liability, and environmental liability have appeared in the past year. Both Zurich and Liberty Mutual launched products specifically designed to cover boards of directors in the event of climate change litigation, a significant development given pending lawsuits that could allocate significant costs to major emitters of greenhouse gases.

The business risks from climate change include:
• the strong threat of increasingly volatile weather conditions,
• rising sea levels, and new health impacts;
• resulting impacts on insurance markets, business resources,
• personnel, and corporate preparedness;
• increasing legal and regulatory pressures; and
• mounting public and shareholder activism.

Therefore Climate change—and how to respond to it—is not “yet another” issue for insurers. It is, rather, bound up in the very fabric of the industry and its business environment, namely:
◆ Loss-model accuracy
Regulation
◆ Balance sheet strength, risk-based capital, and solvency
◆ Competitiveness
Emerging markets
◆ Reputation & trust
◆ Customer retention
◆Corporate governance, investor relations, and disclosure

Litigation Risks from climate change include:
With a growing perception among the public, government officials, and businesses that climate change causes damage, the likelihood increases that lawsuits may be filed against those believed to contribute to the buildup of GHGs. Companies could find themselves embroiled in courtroom battles on a number of fronts.

Reputation Risks:
Health risks: Climate change also poses a threat through potential impacts on the spread of diseases. A recent study by Harvard Medical School, for example, concluded that rising temperatures and extreme weather affect the breeding and spread of disease vectors such as mosquitoes that carry malaria and ticks that carry Lyme disease. Rising temperatures may also increase the growth of ragweed pollen and cause a rise in the incidence of asthma, according to the 2005 study. Air pollution could also worsen in some areas, with a related rise in respiratory illnesses. The economic consequences in terms of cost to company and government health plans could be significant.
Although most consumers do not currently consider climate change to be a front-burner issue, it is likely to become a mainstream consumer concern by 2010, according to Brand Value at Risk From Climate Change, a study conducted by the Carbon Trust with Lippincott Mercer, a Marsh sister company. In part, climate change will gain visibility among consumers in the coming years through the impacts of media reports on severe weather, increased regulations, political debate, and an increase in products marketed as climate-friendly. A number of companies from a range of industries are already promoting themselves as environmentally friendly and, specifically, climate change-friendly.

Regulatory Risk from Climate change:
As government agencies and world bodies put regulations in place limiting emissions, enforcement action can be expected against companies found not to be in compliance.
Such companies may then face significant costs from fines or from fighting against the regulations—or against allegations of having violated them—in court.

Risk from Shareholders:
Lawsuits from shareholders could centre on whether a company suffered financially due to a lack of planning for climate risks by directors. For example, it’s conceivable that a power company may choose to do nothing to limit emissions, and then the federal government could pass legislation requiring CO2 limits. Companies that had not prepared for the possibility could find themselves at a disadvantage to competitors that did prepare.

Competitiveness Risks:
A company that manages the above risks—physical, regulatory, shareholder, litigation, and reputation—more effectively than others in its industry may gain a competitive advantage. For example, if a manufacturing firm undertakes a comprehensive effort to reduce its energy consumption, it may significantly reduce energy costs, discover ways to streamline its processes, exceed shareholder expectations, and project a positive environmental image. Many companies are now aggressively developing new products as part of environmentally friendly strategies.

Corporate need to;
• understand and assess their exposures to natural hazards;
• analyze infrastructure damage;
• identify the need for upgrades to buildings and business practices; and
• obtain advice on risk-reduction measures.

Note: The article has been condensed from various prestigious publications & condensed for easy reading.

 

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Climate Change and Finance in India: Banking on the low carbon Indian economy


In January 2009, a roundtable discussion for CEOs of financial institutions, convened by The Climate Group, concluded that there was an imminent need for engagement with the Indian Banks’ Association (IBA) and a larger cross section of banks to raise awareness on climate change. This report emerged from a meeting in late 2009, when The Climate Group initiated dialogue with the banks operating in India to discuss the most effective ways to tackle climate change.

The Climate Group and the IBA agreed to produce a report outlining best practice in the finance industry in India and recommend action that banks can take to accelerate a low carbon economy. Working with PricewaterhouseCoopers, a survey was carried out to gather this information.

Amongst the report’s most important conclusions are:

  • A small number of banks are initiating change
    There is a small group of banks in India that are leading the sector in tackling climate change and that recognize the commercial advantage this will provide. Energy efficiency is one key focus, with an estimated market worth more than US$15 billion by 2015.
  • Taking advantage of policy
    The action being taken by banks is no longer limited to reducing operational emissions – it is focused on taking advantage of domestic and international climate change policy and frameworks, such as the Clean Development Mechanism (CDM) and India’s National Action Plan on climate change, to open new markets.
  • Success means tackling climate change
    Four banks rated climate change as ‘very important’ and in the ‘Top Ten Priorities Critical to Success’. However, public sector banks are less involved in voluntary initiatives and appear to be postponing action until regulation is in place.
  • Leadership role
    Seven of the eight banks believe that commercial lending banks in India can play a leadership role in the business community in addressing the challenges of climate change. Banks indicate that integrating sustainable development into the organization’s policies and management approach improves morale of employees and provides a strong and confident long-term relationship with stakeholders.
  • Financial incentives
    Banks are increasingly aware of the opportunities that are available to stimulate investment – such as through low carbon funds. However, the correct financial incentives are essential to make this a reality and the banks need to proactively engage with the Government in India to ensure that the right incentives are in place.

This report is intended as a resource for illustrating the existing scope of climate change activities by banks.

Courtesy: theclimategroup

 

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