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India no longer needs global support to decarbonise itself: UNEP expert

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Representational Image of Ecosystem, Pixabay

New Delhi, May 14, 2017: India no longer needs international cooperation to decarbonise itself and needs to pressure countries to remain ambitious, including wealthier countries that need to act domestically and support developing countries in the transition to a green economy.

Similarly, China today is the world’s largest issuer of green bonds, a new way to fund “green” projects.

So says Simon Zadek, co-Director with the UN Environment Programme’s (UNEP) Inquiry into the Design of a Sustainable Financial System.

The Inquiry is an international platform for advancing national and international efforts to shift the trillions of dollars required for delivering an inclusive, green economy through the transformation of the global financial system.

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With solar procurement bids in India now below the cost of coal, action in this and other areas no longer needs international cooperation to decarbonise, Zadek told IANS in an email interview.

Similarly, within a few years, there will be the massive deployment of battery technology and electric vehicles.

India must be concerned, however, that climate change is addressed for its own secure development and needs to pressure all countries to remain ambitious, including wealthier countries that need to act domestically and support developing countries in the transition, he said.

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Zadek was replying to a question: With President Trump mulling a possible pull out of the 2015 Paris Agreement, do you think this will impede or demotivate developing countries like India and China to continue on its path to decarbonise?

Speaking at a UN energy forum in Vienna on May 11, Power Minister Piyush Goyal said: “The road from Paris to India today has been somewhat bumpy. We will have to sort that out. But I’d like to reassure each one of you here today that stands committed to its commitments made at Paris irrespective of what happens in the rest of the world.”

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According to Zadek, China has adopted literally hundreds of policy steps in encouraging the transition to a low-carbon and sustainable economy, many of which are reflected at a high-level in its 13th Five Year Plan.

“Of notable importance is massive policy and fiscal support for sustainable infrastructure (especially in the mobility and energy spaces but also water, sanitation, land use, etc.), the State Council adopted recommendations to green China’s financial system and the countrywide carbon market.”

The UNEP expert, who has advised companies worldwide on sustainability issues, and until recently lived in China, believes there will be no successful “brown” economies in the 21st century.

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“So the transition is an imperative, and an early transition offers so many first mover advantages to China that catalysing it with fiscal and other policy support makes sense.”

Zadek said funds from international frameworks like the Green Climate Fund (GCF) would not help transition in countries like India and China.

The GCF and other international public funds are far too small to play any significant role for India or China, except in catalytic and experimental roles such as encouraging the use of blockchain and other digital technologies to ease and lower the cost of international capital.

The GCF is a unique global initiative by the United Nations Framework Convention on Climate Change (UNFCCC) to respond to climate change by investing into low-emission and climate resilient development.

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On China’s investments in its green programmes, he said the People’s Bank of China estimates that $600 billion a year is needed to green the country’s economy.

“Today the numbers are far from that but progress is being made with China’s levels of green credit having hit almost 10 percent of total banking sector portfolios and China today being the world’s largest issuer of green bonds.”

On steps India could take to accelerate decarbonization of its economy, he said: “Much more of what you are already doing, ramping up clean energy, including distributed solar for isolated, unconnected communities, shutting down your coal build pipeline for simple economic reasons and preparing India’s innovative entrepreneurs to move heavily into clean mobility.”

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He favoured transforming India’s domestic financial system to make it fit for the purpose and so enabling the country to reduce dependency on expensive international capital.

India’s draft “Ten Year Electricity Plan” calls for a staggering 275 GW of renewable energy by 2027, in addition to 72 GW of hydro and 15 GW of nuclear energy. IANS

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Dalai Lama says that India and China have great potential

The spiritual leader feels that both the countries are doing compassionate works

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Dalai Lama talks about India and China
Tibetan spiritual leader Dalai says that India and China can work together. VOA

New Delhi, Nov 19

Tibetan spiritual leader the Dalai Lama on Sunday said India and China have “great potential” and they could work together at a “practical level”.

“I think, a great potential… India and China combined are doing more compassionate work… At a practical level also. Imagine two billion people working together,” he told reporters here after inaugurating Smile Foundation’s initiative, The World of Children.

The spiritual leader, who has lived in India in self-imposed exile since 1959, said neither country had the “ability to destroy the other”.

“Whether you like it or not, you have to live side by side,” he said.

Underlining the ancient spiritual connection between the two countries, he said Chinese Buddhist Hsuan Tsang visited Nalanda (now in Bihar) and brought Nalanda Buddhist traditions to China.

“All thinkers of Nalanda are Indian. So Nalanda’s tradition is India’s tradition,” he said.

The Nalanda traditions had turned Tibetans, who were warriors, into more compassionate, peaceful and non-violent nation, he said.

“So sometimes in Delhi, teasing my Indian friend, (I say) if Tibet still remained in the previous way of life, like Mongols, Chinese invasion may not have taken place,” the Dalai Lama said in a lighter vein.

He said nobody in the world wanted violence but it was happening “because our minds are dominated by destructive emotions due to short-sightedness”.

“Nobody wants problems. Yet, many problems are our own creation.”

The Dalai Lama said the existing modern education was oriented to material values. India can take lead in improving the education system by combining modern education with ancient knowledge, he said. (IANS)

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Manushi Chhillar from India Wins the Miss World 2017 Title

India's Manushi Chillar won the coveted Miss World 2017 pageant here, 16 years after Priyanka Chopra won the title in 2000.

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Miss World
Manushi Chhillar has been crowned as Miss World 2017. Instagram #ManushiChhillar

China, November 19: India’s Manushi Chhillar won the coveted Miss World 2017 pageant, 16 years after Priyanka Chopra won the title in 2000.

Chhillar competed against 108 contestants from various countries at a glittering event held at Sanya City Arena here.

Miss World 2016 winner Puerto Rico’s Stephanie Del Valle gave away the coveted crown to the winner.

Chhillar, who is from Haryana, had earlier this year won the Femina Miss India 2017.

Miss world
Anti Ageing was the official skin care expert for Manushi Chhillar at the Miss World 2017 pageant. Instagram #ManushiChhillar

India, England, France, Kenya and Mexico grabbed the top five spots at the peagant.

Manushi, born to doctor parents, studied in St. Thomas School in New Delhi and Bhagat Phool Singh Government Medical College for Women in Sonepat.

Her entire family including brother and sister were present and they looked excited watching Manushi grabbing top five spot.

As many as 108 beauty queens from different parts of the world participated in the prestigious pageant. (IANS)

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The major Challenge is to make the Youth of the Country Entrepreneurial and not Job Seekers : Venkaiah Naidu

"The challenge for us is to make the youth entrepreneurial, and not become job seekers," Venkaiah Naidu said pointing to the NDA government's various initiatives.

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Venkaiah Naidu
Venkaiah Naidu. Wikimedia Commons
  • At a time of tepid job growth and continuing income disparities, the major challenge is to make the youth of the country entrepreneurial and not job seekers, Vice President  Venkaiah Naidu said on Thursday.

“Disparities continue to remain in India and so there is a need for inclusive growth… there is the need to take care of the suppressed, oppressed and depressed,” Venkaiah Naidu said at the Bharatiya Yuva Shakti Trust’s (BYST) silver jubilee celebrations here with Britain’s Prince Charles as the chief guest.

“The challenge for us is to make the youth entrepreneurial, and not become job seekers,” Venkaiah Naidu said pointing to the NDA government’s various initiatives to encourage youth enterprises like Startup India, Standup India and the Mudra financing scheme for underprivileged sections.

Modelled on Prince Charles’ Trust for business startups, BYST, founded by Lakshmi Venkatesan, daughter of former President R. Venkatraman, is engaged in building rural entrepreneurship — “grampreneurs” — as also enterprise among under-privileged sections, which includes business mentoring. The current BYST chairman is Bajaj Group chief, Rahul Bajaj.

“Without mentoring, it would be very difficult to set up startups, with all the business, marketing and other vital issues involved in the first two-three years,” Prince Charles said in his address at the International Mentoring Summit organized by BYST to mark its 25 years.

“What amazes me are the sheer number of jobs these young entrepreneurs had created. The aim of such a project should be to create a virtual cycle of creating entrepreneurs who can then invest in the future of business,” Charles said referring to his trust.

BYST was officially launched in 1992 by Prince Charles and expanded its operations to six major regions of India.

Out of these six regions, four — Delhi, Chennai, Pune and Hyderabad — run the urban programme while two regions — Haryana and Maharashtra — run the rural programme.(IANS)