|| SHANIWAR SAMWAD || 26-11-2022

 Recently, the COP27 meet was held without much fanfare on climate change. As usual, the developed world which is adamant about its stand wants to punish the developing world for carbon emissions.

The least developed world is not in the count and they are paying the price of climate change without any of their faults, the present meeting has some headway for them, as the cost of carbon emissions reduction technology and cost of replacement is so huge for them as they are not able to make arrangement for same.

The developed world has also a problem with India and China regarding carbon reduction goals as they want both to pay for all climate change prices. The developed world had done maximum damage to the climate and also avoided discussion on it as they know their action with data on it. The 27th COP meeting was the same for us.

The fund is formed for financing technology for climate change. The exact nature of the fund and how it will be used is yet to be known.

The Least developed and developing countries will get these funds to tackle the climate change effect along with the use of energy mix so the damage will be contained. The developed countries are insisting on funds from China and India to contain climate change. Right now, the use of coal and crude are major energy generators used in our country, but also the adoption of electric vehicles and other sources of energy is getting adopted.

The PLI, which is used for self-reliance with new technologies and local manufacturing is going to address this issue in the future. 

The adoption of solar energy in our country with clear policies and a road map for implementation. The strategy for climate change in our country is a work in progress as our need for energy and a huge market to feed. Our consumption is huge so the cost of new technologies should be cost-effective and getting  this is a very tedious process as major innovations are with developed country

Getting all stakeholders on the same page is difficult and fixing responsibility is a need of the hour. The cost which we are paying is not of our making but it is western countries who are the main culprits for this

The innovation should be local as it will be cost-effective and as per our needs But funding for this is very difficult to source and prove the utility of our technology to them as it will be useful for our own country not to theirs.


Location: India

Comments

Post a Comment

Popular posts from this blog

FINANCIAL PLANNING REVISITED

Nowadays we are going through a lot of news negative & positive in the market on various aspects with different views. But surely for any individual, it is not that much easier. Life has changed for everyone on the planet, not just a few. It's a new beginning for each & every one. Whether he is just a college pass-out or a retired person. As no one was prepared for it. Everyone has done his or her financial planning priors to this tragedy which is good in that scenario. But a situation like this has forced everyone to revisit his or her financial planning. We Indians have a mindset to follow the same path which we saw others following. Now one or two income source is not going to work. As to get old days required will be at least 2 to 3 years. This means we have to prepare for not only pay cuts for a long time but also job or business loss. Till now we planned for following - Child Education - Child Marriage - Retirement - Home & Car - Vacation -
Read more

|| SHANIWAR SAMWAD || 22-10-2022

 Best wishes for "DIWALI". It is the first Diwali post-pandemic that is free from all issues. The annual sales which are based on the present sales figures festival season and projections for next year are dependent on it. The season has other reasons to make things exciting the report in various forums during the same period is also in the public domain. The one of most controversial is the hunger index on which lots of things have been said either in support or opposed to it. Another one is about the pensioner index which is an important one. We are going to see what the hunger index says in the context of our country. The report is based on the gallop report which is known for its business-related research papers. The comprehensive analysis is done by Dr. Vivek Debroy, the chairman of PM EAC, which gives details of the report rejection. One thing, which was raised by analysis is that we have our statics department which works in old fashioned and our reports on different s
Read more

|| SHANIWAR SAMWAD || 11-12-2021

 One small piece of news was printed on daily that the gender ratio of our country has changed from more male to more female per thousand. Means 1000:1020, i.e. for every one thousand males there is one thousand and twenty female. It is a very important development in independent India. The latest census which is underway showed the benefit of the campaign which was run by the government and the society together to save the girl child. But the malnutrition and other health issues are still a major cause of concern. Recently we were part of one discussion, namely the financial literacy amongst the female in our country. Generally, it is seen that women are not part of decisions or rather discussions of financial matters. The average financial literacy of women is less than that of means they do not take part in the discussion or they are not interested in the altogether. Our own experience shows the above-said statement is true. As the campaign which the government ran with the help of
Read more