ADOPTING GREEN ECONOMY- A MUST FOR WORLD ECONOMIC RECOVERY

IMAGE SOURCE:- <intelligentliving.co>

Now that the countries have started relaxing lockdown rules amid corona virus scare that put almost entire earth in lockdown mode and confine people to their homes for more than two months, the countries have started opening up their economy gradually which is at the verge of underperforming or even critical. According to various economists and financial experts, almost all the countries will likely to see shrink in their GDP and economic performance on global level. So what is the solution for better job boosting economy?

The simple answer is ‘GREEN ECONOMY’, one which is being continuously put forward by various economists and world environmentalists as the only solution to conserve non- renewable resources present on earth while also ensuring that economy achieves its maximum objectives. Especially now in times of world crisis, countries have a chance to introduce green economy policies including green economic infrastructure. There is no general definition except one which is provided by United Nations Environment Programme. It defines “Green Economy” as an economy that results in improved human well-being and social equity, while significantly reducing environmental risks and ecological scarcities. There are numerous benefits of implementing green economy like:-

  1. Upon implementation of green economic recovery policies, there will be drastic reduction in pollution which has been primary cause of more than 7 million deaths around the world annually.
  2. It will certainly bring climate threat under control which many countries have started facing with abnormal weather conditions, large scale bushfires, global snow melting, rise of sea level on earth, shrinking of water resources, deforestation etc.
  3. Investing hugely on renewable resources like wind energy, solar energy etc. will put less risk on earth limited non-renewable resources hence conservation of it for future generation will be beneficial and this pandemic situation in our only chance before things go out of our hands for worst.
  4. It will result in creating jobs especially in energy sector and nature based sectors. Recently, Adani Green group won prestigious $6 Billion solar power plants project in India which will likely to create 4 lakh jobs over the span of five years.

This is the first time when not only environmentalist are urging governments to introduce green economy recovery path, but also similar sentiments is being echoed by world investors, financial institutions, business leaders, job creators . On World Environment Day, global institutions working on developing labour and environment have united around key actions for spurring a green, just and transformative recovery.[1] They have identified ten policy options that will guide towards green recovery:-

  1. The green economy principles of well- being, justice, sufficiency, efficiency,
  2. Advance green deals, economy plans, industrial strategies to built long  term prosperity
  3. Financial stimulus package must be structured in a way that it will accelerate towards green economy
  4. Recognize the role of nature in reducing systematic risk
  5. Invest in sustainable infrastructure and stronger environmental protection.
  6. Strengthen and broaden inclusive social protection mechanisms
  7. Accelerate energy transition and tackle fossil fuel subsidy
  8. Apply gender responsive approach
  9. Give priority to small and informal enterprise to accelerate the power sector
  10. Improve global cooperation and coordination to effectively respond to pandemic crisis.

However, in immediate run, the governments are not reluctant to formulate and execute green policies because their focus is on creating better facilities and resources in health sector, attract investments to ease the burden of debt, job creation.

The ball is now in governments hands as to how fast and effectively they introduce green policies which are the need of the hour. The sooner they introduce policies be it of corporate, industrial or investment nature that also promotes and protects nature, the sooner the state will be on the path of  eco-sustainability and hence will be in a position to avoid any future pandemic. UK, The European Union and Australia are the ones that are racing ahead in executing green economic policies while countries like USA, India and China have yet to act prudently. This is our only chance to act in sync with nature before another pandemic like situation hits us.


[1] <https://www.undp.org/content/undp/en/home/news-centre/news/2020/global-institutions-unite-around-key-actions-for-green-and-fair-.html>

My obsession with clouds…part-1

It’s good to observe what nature has to offer you. These past few days, weather was pleasant as evening approached and these are some of the pics I clicked on my …well on old phone but still pretty good… I love to find image in cloudy sky. Few of them I am sharing with you. Images are subject to copyright.

In the midst of…
Two lovers kissing…
#Random
To infinity and beyond…
Side face…
King Kong…

POST COVID19, MAKE WAY FOR GREEN AND CLEAN POLICY

IMAGE SOURCE- <pixcove.com>

‘Nature is sending us a message with the coronavirus pandemic and the ongoing climate crisis’ were the words of United Nation’s Environment Chief  Inger Andersen in an exclusive interview to guardian.com [1] Its not just this honorable Danish environmentalist that has echoed the sentiment of nature protection but recently many medical and environmental scientist are of the same view. For more than a century, human being for his own selfish interest is exploiting natural resources without thinking of conserving it and now nature has played with us. There is limit to every human act and this was it. It all began in December, 2019 and till now this pandemic situation is still a nightmare for us.

Prior to COVIS-19, history of humankind has witnessed many pandemic situations like Spanish Flu in 1918, SARS in 2003, EBOLA outbreak in  West Africa in 2014, Avian Influenza in 1997 etc. Time and again, Nature warned us about implication of environment exploitation and the current situation is also a severe warning from the nature to adhere to balancing nature with human needs.

No one is sure as to how long the current situation lasts and the governments around the world must wake up and frame a way forward towards green and clean rules and regulations. In Indian context, there is no law which makes felling of trees punishable in urban areas and even if there is a ‘Forest Conservation Act, 1980’ in existence, it does not have any strict punishment for those responsible for cutting down trees. According to section 3B , those responsible for deforestation shall be guilty of punishment of imprisonment up to 15 days which in practicality is not sufficient. This act also only covers conservation of forest area as declared by Central Government. What about other areas?There is also ‘Environment Protection Act, 1986’ but it only deals with environment protection against pollutants and is silent on water bodies conservation and cutting of trees.

 It is really essential that government start framing and implementing of what is called as ‘Green Rules’ in policy making  which must include protecting habitat of all natural organisms and guarding biodiversity areas. Every individual must be encouraged to plant trees near their surrounding and also proper watering it. Corporations must be strictly instruct to cover the fronts of their corporate offices with trees. Individuals and corporations are also continuously abrasing wild space, thus affecting natural life of wild animals. Laws strictly must be framed for protecting wild life and wildlife area and no construction activities must be done within 5 miles of every wildlife area throughout India.

We should follow example of European Union who in 2019 signed an agreement on ‘Sustainable Finance Rulebook’ which aims to avoid green washing and to allocate resources to finance an economy that will be in tune with the Paris Agreement and which enables to increase the transparency of financial market.

Nature has given a new opportunity to make right of all wrong we are doing with it and India has potential to be a ‘Global Green Leader’ and be a good example before the world of how to balance nature with economy.


[1] https://www.theweek.in/news/health/2020/03/26/Coronavirus-is-natures-message-to-humankind-says-environment-chief-of-UN.html

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