Indian companies and authorities are coming under pressure to step up efforts to fight climate change amid rapidly rising concerns about the implications of carbon emissions for the economy, following the revelation that India is one of the three worst offending countries when it comes to environmental performance.
“The issue is very critical to Indian economy,” says Dr Satish Modh, the director of the VES Institute of Management in Mumbai. “Farming cannot be just viewed as an agricultural activity, it provides inputs to many industries.”
In the country's latest economic survey, advisors made climate change a central part of the key document produced for the Indian government by its chief economic advisor Arvind Subramanian, warning incomes in the farming sector could plummet by up to a quarter because of the effects of climate change. It highlighted that farming revenues have already stagnated over the past four years because of poor monsoon rainfall and the sector has been “in crisis”.
The government has estimated extreme weather events in India cost the country $10 billion a year. Agriculture is critical to the country's economy. It accounts for 16 per cent of India's GDP and 49 per cent of the population are dependent on agriculture for their livelihoods, according to the economic survey.
“Poor agricultural performance can lead to inflation, farmer distress and unrest, and larger political and social disaffection - all of which can hold back the economy,” according to the document. It warns that climate change could reduce annual agricultural incomes by an average of 15 per cent to 18 per cent, and by up to 25 per cent in unirrigated areas.
The findings follow India dropping 46 notches from 2016 to rank 177 out of 180 countries in the environmental performance index released by the World Economic Forum in Davos last month. Indian Prime Minister Narendra Modi, speaking in Davos, stressed that climate change was one of “the biggest threats” globally.
The effects of carbon emissions have become increasingly visible in New Delhi, with air pollution levels reaching alarming levels, at a peak towards the end of last year, forcing residents to stay indoors or only venture out wearing masks. The capital's air quality in November exceed 450 on the air quality index, on which anything over 100 is considered unhealthy, according to the Central Pollution Control Board.
Under the Paris global climate agreement, India has committed to generate at least 40 per cent of the country’s electricity from non-fossil sources in an effort to tackle climate change. Thirteen of the world’s 20 most polluted cities are in India, according to the World Health Organization.
The Indian government is now focused on growing the renewables sector, setting targets to generate 175 gigawatts from renewable energy sources by 2022, with solar power accounting for the majority of the mix, a target of 100GW, followed by wind power as the next largest source.
An expanding economy, urbanisation, and a focus on growing manufacturing activities are all contributing to India's expanding energy needs. The growth of the country makes India the third-largest carbon emitter after the United States and China.
“There's a lot of policies that are being made to overcome the challenges climate change, but in terms of implementing those policies, I don't think enough is being done on a ground level,” says Mahesh Rathod, the managing director of Tailwind Trade and Investment, based in Mumbai. “Unless stakeholders start working on those, things are looking very difficult. It's very important that we address this issue of climate change because a large chunk of India's population is dependent on agriculture and climate change will have a direct impact. It's very important that India's addresses this challenge in front of the nation very seriously, with very clear and long-term milestones.”
A boost to growth levels is vital to create more jobs, and anything that is a threat to economic prosperity is a major concern. India's economic expansion is expected to have slowed to a four-year low of 6.5 per cent in the current financial year to the end of March, according to the Central Statistics Office.
Still what is promising is some of India's biggest companies are leading the way when it comes to making efforts to tackle climate change.
Indian IT giant, Infosys is aiming to get all of its energy from renewable sources and be carbon neutral by 2018. It is the first Indian company to join the global RE100 campaign because of its commitment to use 100 per cent renewable energy for all of its electricity.
“Becoming carbon neutral is a very important goal for the company,” says Bose Varghese, the head of green initiatives at Infosys. “We are convinced that global warming and climate change are the biggest threats of the century.”
The company says its energy efficiency drive has translated to millions of dollars of savings.
Mahindra, a major Indian conglomerate which manufactures vehicle, is also taking a raft of initiatives to reduce its production of greenhouse gases, including increasing its use of renewable energy.
Mahindra says that it is the first Indian company to launch its own carbon pricing programme, a measure that has been adopted by a number of multinationals globally, including Google and Unilever.
“The more India invests on climate change today, the more developed it will be tomorrow,” says Zuzer Lucknowala, the director of Party Cruisers, one of the biggest wedding and events companies based in Mumbai. “Understanding climatic change is complex” for businesses, as companies try to focus on generating profits and grapple with other more direct economic factors.
“The Indian government will have a critical role to play in these challenges and providing a greener environment.”
Mr Rathod says that small and medium sized companies in particular are in industries that generate a lot of pollution and “need support and education” from the government to make changes.
“A lot of companies in India can't afford it and they need support when it comes to getting out of these old processes,” he says. “You need to have a solution for them.”
There have been some concerns that perhaps not enough is being done at all levels to address the issue.
In India's Union Budget, presented by finance minister Arun Jaitley on Thursday, climate change was something that was largely neglected, despite the emphasis of the Budget in helping India's rural and farming communities, ahead of general elections in 2019.
However, with awareness of the potential economic impact and the discussion around climate change rapidly gathering pace in India, calls for steps to address the issue are only set to increase, leading to mounting pressure for swift action by businesses and the government.
Sole survivors
- Cecelia Crocker was on board Northwest Airlines Flight 255 in 1987 when it crashed in Detroit, killing 154 people, including her parents and brother. The plane had hit a light pole on take off
- George Lamson Jr, from Minnesota, was on a Galaxy Airlines flight that crashed in Reno in 1985, killing 68 people. His entire seat was launched out of the plane
- Bahia Bakari, then 12, survived when a Yemenia Airways flight crashed near the Comoros in 2009, killing 152. She was found clinging to wreckage after floating in the ocean for 13 hours.
- Jim Polehinke was the co-pilot and sole survivor of a 2006 Comair flight that crashed in Lexington, Kentucky, killing 49.
UAE currency: the story behind the money in your pockets
The biog:
From: Wimbledon, London, UK
Education: Medical doctor
Hobbies: Travelling, meeting new people and cultures
Favourite animals: All of them
LA LIGA FIXTURES
Saturday (All UAE kick-off times)
Valencia v Atletico Madrid (midnight)
Mallorca v Alaves (4pm)
Barcelona v Getafe (7pm)
Villarreal v Levante (9.30pm)
Sunday
Granada v Real Volladolid (midnight)
Sevilla v Espanyol (3pm)
Leganes v Real Betis (5pm)
Eibar v Real Sociedad (7pm)
Athletic Bilbao v Osasuna (9.30pm)
Monday
Real Madrid v Celta Vigo (midnight)
Our family matters legal consultant
Name: Hassan Mohsen Elhais
Position: legal consultant with Al Rowaad Advocates and Legal Consultants.
The specs
Engine: Dual 180kW and 300kW front and rear motors
Power: 480kW
Torque: 850Nm
Transmission: Single-speed automatic
Price: From Dh359,900 ($98,000)
On sale: Now
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The Prison Letters of Nelson Mandela
Edited by Sahm Venter
Published by Liveright
Stage result
1. Jasper Philipsen (Bel) Alpecin-Fenix 4:42:34
2. Sam Bennett (Irl) Bora-Hansgrohe
3. Elia Viviani (Ita) Ineos Grenadiers
4. Dylan Groenewegen (Ned) BikeExchange-Jayco
5. Emils Liepins (Lat) Trek-Segafredo
6. Arnaud Demare (Fra) Groupama-FDJ
7. Max Kanter (Ger) Movistar Team
8. Olav Kooij (Ned) Jumbo-Visma
9. Tom Devriendt (Bel) Intermarché-Wanty-Gobert Matériaux
10. Pascal Ackermann (Ger) UAE Team Emirate
Qosty Byogaani
Starring: Hani Razmzi, Maya Nasir and Hassan Hosny
Four stars
The biog
Name: Mariam Ketait
Emirate: Dubai
Hobbies: I enjoy travelling, experiencing new things, painting, reading, flying, and the French language
Favourite quote: "Be the change you wish to see" - unknown
Favourite activity: Connecting with different cultures
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COMPANY PROFILE
Name: Kumulus Water
Started: 2021
Founders: Iheb Triki and Mohamed Ali Abid
Based: Tunisia
Sector: Water technology
Number of staff: 22
Investment raised: $4 million
OIL PLEDGE
At the start of Russia's invasion, IEA member countries held 1.5 billion barrels in public reserves and about 575 million barrels under obligations with industry, according to the agency's website. The two collective actions of the IEA this year of 62.7 million barrels, which was agreed on March 1, and this week's 120 million barrels amount to 9 per cent of total emergency reserves, it added.
Results
6.30pm: Baniyas (PA) Group 2 Dh195,000 1,400m | Winner: ES Ajeeb, Sam Hitchcock (jockey), Ibrahim Aseel (trainer)
7.05pm: Maiden (TB) Dh165,000 1,400m | Winner: Al Shamkhah, Royston Ffrench, Sandeep Jadhav
7.40pm: Handicap (TB) Dh190,000 1,200m | Winner: Lavaspin, Richard Mullen, Satish Seemar
8.15pm: Maiden (TB) Dh165,000 1,200m | Winner: Kawasir, Dane O’Neill, Musabah Al Muhairi
8.50pm: Rated Conditions (TB) Dh240,000 1,600m | Winner: Cosmo Charlie, Pat Dobbs, Doug Watson
9.20pm: Handicap (TB) Dh165,000 1,400m | Winner: Bochart, Richard Mullen, Satish Seemar
10pm: Handicap (TB) Dh175,000 2,000m | Winner: Quartier Francais, Fernando Jara, Ali Rashid Al Raihe
BRAZIL SQUAD
Alisson (Liverpool), Daniel Fuzato (Roma), Ederson (Man City); Alex Sandro (Juventus), Danilo (Juventus), Eder Militao (Real Madrid), Emerson (Real Betis), Felipe (Atletico Madrid), Marquinhos (PSG), Renan Lodi (Atletico Madrid), Thiago Silva (PSG); Arthur (Barcelona), Casemiro (Real Madrid), Douglas Luiz (Aston Villa), Fabinho (Liverpool), Lucas Paqueta (AC Milan), Philippe Coutinho (Bayern Munich); David Neres (Ajax), Gabriel Jesus (Man City), Richarlison (Everton), Roberto Firmino (Liverpool), Rodrygo (Real Madrid), Willian (Chelsea).
Company%20Profile
%3Cp%3E%3Cstrong%3EName%3A%3C%2Fstrong%3E%20HyveGeo%3Cbr%3E%3Cstrong%3EStarted%3A%3C%2Fstrong%3E%202023%3Cbr%3E%3Cstrong%3EFounders%3A%3C%2Fstrong%3E%20Abdulaziz%20bin%20Redha%2C%20Dr%20Samsurin%20Welch%2C%20Eva%20Morales%20and%20Dr%20Harjit%20Singh%3Cbr%3E%3Cstrong%3EBased%3A%20%3C%2Fstrong%3ECambridge%20and%20Dubai%3Cbr%3E%3Cstrong%3ENumber%20of%20employees%3A%3C%2Fstrong%3E%208%3Cbr%3E%3Cstrong%3EIndustry%3A%20%3C%2Fstrong%3ESustainability%20%26amp%3B%20Environment%3Cbr%3E%3Cstrong%3EFunding%3A%20%3C%2Fstrong%3E%24200%2C000%20plus%20undisclosed%20grant%3Cbr%3E%3Cstrong%3EInvestors%3A%20%3C%2Fstrong%3EVenture%20capital%20and%20government%3C%2Fp%3E%0A
GAC GS8 Specs
Engine: 2.0-litre 4cyl turbo
Power: 248hp at 5,200rpm
Torque: 400Nm at 1,750-4,000rpm
Transmission: 8-speed auto
Fuel consumption: 9.1L/100km
On sale: Now
Price: From Dh149,900
World record transfers
1. Kylian Mbappe - to Real Madrid in 2017/18 - €180 million (Dh770.4m - if a deal goes through)
2. Paul Pogba - to Manchester United in 2016/17 - €105m
3. Gareth Bale - to Real Madrid in 2013/14 - €101m
4. Cristiano Ronaldo - to Real Madrid in 2009/10 - €94m
5. Gonzalo Higuain - to Juventus in 2016/17 - €90m
6. Neymar - to Barcelona in 2013/14 - €88.2m
7. Romelu Lukaku - to Manchester United in 2017/18 - €84.7m
8. Luis Suarez - to Barcelona in 2014/15 - €81.72m
9. Angel di Maria - to Manchester United in 2014/15 - €75m
10. James Rodriguez - to Real Madrid in 2014/15 - €75m
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Biog
Age: 50
Known as the UAE’s strongest man
Favourite dish: “Everything and sea food”
Hobbies: Drawing, basketball and poetry
Favourite car: Any classic car
Favourite superhero: The Hulk original
WOMAN AND CHILD
Director: Saeed Roustaee
Starring: Parinaz Izadyar, Payman Maadi
Rating: 4/5
Why seagrass matters
- Carbon sink: Seagrass sequesters carbon up to 35X faster than tropical rainforests
- Marine nursery: Crucial habitat for juvenile fish, crustations, and invertebrates
- Biodiversity: Support species like sea turtles, dugongs, and seabirds
- Coastal protection: Reduce erosion and improve water quality
Syria squad
Goalkeepers: Ibrahim Alma, Mahmoud Al Youssef, Ahmad Madania.
Defenders: Ahmad Al Salih, Moayad Ajan, Jehad Al Baour, Omar Midani, Amro Jenyat, Hussein Jwayed, Nadim Sabagh, Abdul Malek Anezan.
Midfielders: Mahmoud Al Mawas, Mohammed Osman, Osama Omari, Tamer Haj Mohamad, Ahmad Ashkar, Youssef Kalfa, Zaher Midani, Khaled Al Mobayed, Fahd Youssef.
Forwards: Omar Khribin, Omar Al Somah, Mardik Mardikian.
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TYPES%20OF%20ONLINE%20GIG%20WORK
%3Cp%3E%3Cstrong%3EDesign%2C%20multimedia%20and%20creative%20work%3A%20%3C%2Fstrong%3ELogo%20design%2C%20website%20design%2C%20visualisations%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EBusiness%20and%20professional%20management%3A%20%3C%2Fstrong%3ELegal%20or%20management%20consulting%2C%20architecture%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EBusiness%20and%20professional%20support%3A%20%3C%2Fstrong%3EResearch%20support%2C%20proofreading%2C%20bookkeeping%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3ESales%20and%20marketing%20support%3A%20%3C%2Fstrong%3ESearch%20engine%20optimisation%2C%20social%20media%20marketing%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EData%20entry%2C%20administrative%2C%20and%20clerical%3A%20%3C%2Fstrong%3EData%20entry%20tasks%2C%20virtual%20assistants%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EIT%2C%20software%20development%20and%20tech%3A%20%3C%2Fstrong%3EData%20analyst%2C%20back-end%20or%20front-end%20developers%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EWriting%20and%20translation%3A%20%3C%2Fstrong%3EContent%20writing%2C%20ghost%20writing%2C%20translation%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EOnline%20microtasks%3A%20%3C%2Fstrong%3EImage%20tagging%2C%20surveys%3C%2Fp%3E%0A%3Cp%3E%3Cem%3ESource%3A%20World%20Bank%3C%2Fem%3E%3C%2Fp%3E%0A
What are the main cyber security threats?
Cyber crime - This includes fraud, impersonation, scams and deepfake technology, tactics that are increasingly targeting infrastructure and exploiting human vulnerabilities.
Cyber terrorism - Social media platforms are used to spread radical ideologies, misinformation and disinformation, often with the aim of disrupting critical infrastructure such as power grids.
Cyber warfare - Shaped by geopolitical tension, hostile actors seek to infiltrate and compromise national infrastructure, using one country’s systems as a springboard to launch attacks on others.
The specs
Engine: 4.0-litre flat-six
Torque: 450Nm at 6,100rpm
Transmission: 7-speed PDK auto or 6-speed manual
Fuel economy, combined: 13.8L/100km
On sale: Available to order now