Humans turning Earth into 'plastic planet': study

Agencies
July 22, 2017

Los Angeles, Jul 22: Humans have created 8.3 billion metric tonnes of plastics since early 1950s, and most of it now resides in landfills or the natural environment, a study has found.plasticplanet

Researchers, including those from the University of Georgia (UGA) in the US, found that by 2015, humans had generated 8.3 billion metric tonnes of plastics, 6.3 billion tonnes of which had already become waste.

Of that total waste, only 9 per cent was recycled, 12 per cent was incinerated and 79 per cent accumulated in landfills or the natural environment, researchers said.

If current trends continue, roughly 12 billion metric tonnes of plastic waste will be in landfills or the natural environment by 2050, they said.

"Most plastics do not biodegrade in any meaningful sense, so the plastic waste humans have generated could be with us for hundreds or even thousands of years," said Jenna Jambeck, associate professor of engineering at UGA.

"Our estimates underscore the need to think critically about the materials we use and our waste management practices," said Jambeck.

The scientists compiled production statistics for resins, fibres and additives from a variety of industry sources and synthesised them according to type and consuming sector.

Global production of plastics increased from 2 million metric tonnes in 1950 to over 400 million metric tonnes in 2015, according to the study published in the journal Science Advances, outgrowing most other human-made materials.

Notable exceptions are materials that are used extensively in the construction sector, such as steel and cement.

However, while steel and cement are used primarily for construction, plastics' largest market is packaging, and most of those products are used once and discarded.

"Roughly half of all the steel we make goes into construction, so it will have decades of use - plastic is the opposite," said Roland Geyer, associate professor at University of California, Santa Barbara (UCSB).

"Half of all plastics become waste after four or fewer years of use," said Geyer.

The pace of plastic production shows no signs of slowing. Of the total amount of plastics produced from 1950 to 2015, roughly half was produced in just the last 13 years.

"What we are trying to do is to create the foundation for sustainable materials management," Geyer said.

"Put simply, you can not manage what you do not measure, and so we think policy discussions will be more informed and fact based now that we have these numbers," said Geyer.

The same team of researchers led a 2015 study published in the journal Science that calculated the magnitude of plastic waste going into the ocean. They estimated that 8 million metric tonnes of plastic entered the oceans in 2010.

"There are people alive today who remember a world without plastics," Jambeck said.

"But they have become so ubiquitous that you can't go anywhere without finding plastic waste in our environment, including our oceans," said Jambeck.

The researchers cautioned that they do not seek the total removal of plastic from the marketplace, but rather a more critical examination of plastic use and its end-of-life value.

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Agencies
March 10,2020

New Delhi, Mar 10: Crisis-hit Yes Bank on Tuesday said that it has enabled inward IMPS and NEFT services.

The move allows people to send money from other bank accounts to their Yes Bank account through IMPS (Immediate Payment Service) and NEFT (National Electronic Funds Transfer) mode.

In a tweet, the bank also said that Yes Bank customers can pay their credit card dues and loan obligations from other bank accounts.

"Inward IMPS/NEFT services have now been enabled. You can make payments towards YES BANK Credit Card dues and loan obligations from other bank accounts. Thank you for your co-operation. @RBIA @FinMinIndia," said tweet.

Last week Yes Bank was placed under moratorium and a withdrawal cap of Rs 50,000 was imposed till April 3.

The administrator of Yes Bank, Prashant Kumar and Rajnish Kumar, the Chairman of the State Bank of India are hopeful that moratorium would be lifted within a week.

As per the Reserve Bank of India (RBI) draft reconstruction scheme for the crisis-hit private lender, the SBI will take up 49 per cent in the bank by investing Rs 2,450 crore.

The new board of directors will stand constituted from the appointed date. It will comprise a CEO and MD, non-executive chairman and non-executive directors. The SBI will have nominee directors appointed on the board of the reconstructed bank.

The RBI may appoint additional directors to the board, who shall continue in office for one year, or until an alternate board is constituted by Yes Bank.

The SBI will not reduce its holding below 26 per cent before completion of three years from the date of infusion of the capital.

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Agencies
June 18,2020

New Delhi, Jun 18: Vodafone Idea on Thursday told the Supreme Court that it has incurred Rs 1 lakh crore losses as it insisted it is not in a position to furnish bank guarantees.

A bench comprising Justices Arun Mishra, S. Abdul Nazeer, and M.R. Shah, taking up the adjusted gross revenue (AGR) matter through video conferencing, directed the telecom companies to submit their financial documents and books for the last 10 years.

Asking Vodafone if it was a foreign company, the bench said that how can the company say it would not furnish any bank guarantee.

"What if you fly away overnight in future without paying anything?" it asked.

Senior advocate Mukul Rohatgi, representing Vodafone Idea, denied his client is a completely foreign firm and cited before the bench its tie-ups and investments.

Vodafone owes over Rs 58,000 crore as AGR dues and so far, has paid close to Rs 7,000 crore.

Rohatgi contended before the court that the telecom company is in a tough situation, and cannot furnish any fresh bank guarantee, as profits have eluded the company in past many quarters. He submitted before the bench that Rs 15,000 crore bank guarantees are lying with the government, and his client's losses are over Rs 1 lakh crore.

"I cannot offer any more surety," he informed the bench.

Justice Mishra noted that this is public money and these dues should be recovered. "Do not tell us that you will pay if you were to make profits... the money must come," he noted.

Justice Shah observed that the telecom industry is the only industry which earned during the Covid-19 pandemic. "After all, this money will be used for public welfare", he said.

Rohatgi argued that his client would have to fold up if orders were issued to clear dues tomorrow. "11,000 employees will have to go without notice, as we cannot pay them," he added.

Senior advocate Abhishek Manu Singhvi, appearing for Bharti Airtel, contended before the court that out of Rs 21,000 crore AGR dues, the company has already deposited a sum of Rs 18,000 crore.

He argued that his client has given a bank guarantee, in excess of demand, to DoT, and supported the proposal for phased repayment of remaining AGR dues. He insisted that the company needs to sit down with the government and calculate the dues. Airtel owes Rs 25,976 crore after paying Rs 18,000 crore, as per the government.

Senior advocate Arvind Datar, representing Tata Telecom, informed the bench that his client has paid Rs 6,504 crore in AGR dues so far, and furnishing a bank guarantee may adversely impact investments in the sector.

The total AGR dues are close to Rs 1.5 lakh crore.

The top court will now take up the matter in the third week of July.

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News Network
May 6,2020

Hyderabad, May 6: Away from city lights, two hours before Sunrise, people in India and across the world can witness Annual Meteor Shower called Eta Aquarids till May 28.

Observed since time immemorial, Meteor shower are commonly known as shooting stars which are nothing but dust flakes of comet/asteroid entering earth atmosphere.

This Annual Eta Aquarids Meteor Shower peaked on Wednesday at 02.30 am on Wednesday whereas presence of Full Moon was an obstacle outshining bright streaks of lights of this meteor shower zipping across the South Eastern sky.

As this meteor shower is active till May 28, people can still watch this celestial spectacle in early morning every day, Planetary Society of India (PSI) Director N Sri Raghunandan Kumar interacting with UNI said.

As per International Meteor Organization (IMO), 50 meteors per hour are expected to be seen on day of peak today. And this number would vary as days pass on till May 28 while earth passes through dust cloud of comet debris in its orbit.

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