Raw materials behind half of global emissions: UN

Agencies
March 12, 2019

Nairobi, Mar 12: Extracting and processing materials, fuel and food contributes as much as half of the world's greenhouse gas emissions, the UN said Tuesday, as experts gathered in Kenya to find ways to rein in exploding global consumption.

Using dozens of data sources, the authors of a major new report presented lawmakers and businesses with a stark choice: drastically reform the global economy to get more from less, or risk the collapse of global infrastructure.

With countries already committed under the Paris climate deal to curb emissions to fend off the worst impacts of global warming, experts said there was little hope of meeting that goal without an "urgent and systemic transformation" in how we use Earth's resources.

The Global Resources Outlook 2019 said that worldwide consumption of basic commodities such as water, minerals and fossil fuels had tripled since 1970.

With high-population nations such as China and India rapidly expanding their economies, the team behind the report called for a drastic overhaul in how that growth is fed.

"Nobody is claiming that the countries which are on the lower level of development should not have the right to develop," said Janez Potocnik, co-chair of the International Resource Panel.

"The question is, is it possible to do it differently to how we have done it, with fewer consequences than we see today?"

The report paints a grim picture of relentless demand for resources as the global population ticks towards eight billion people.

The use of climate-warming fossil fuels has increased worldwide from 6 billion tonnes in 1970 to 15 billion tonnes in 2017 despite decades of efforts to steer nations towards greener energy.

Water use for agriculture and industry outstripped population growth in the second half of the 20th Century. In 2017, 3,900 km3 of water was withdrawn for commercial purposes -- 70 percent of which went to farming.

"The bad use of natural resources has a big impact on our quality of life and environment," said Bruno Orbele, Swiss former environment minister and one of the report's co-authors.

In line with most economic measurements, the study found that per capita consumption of raw materials in high-income nations was more than double the global average.

Richer nations use 27.1 tonnes of raw material per person per year, compared to just two tonnes a head in low-income countries.

The "Towards Sustainability" scenario boosts policy measures to slow the growth of resource use, leading to reduced pressure on food and water supplies and boosting global economic growth by 8 percent.

Conversely, the "Historical Trends" projection -- which assumes a business-as-usual approach to resource use -- would see greenhouse gas emissions shoot up 43 percent by 2060.

The corresponding agricultural pressure to feed a global population expected to tip 10 billion by mid-century would see land given over to agriculture increase by 20 percent, reducing forest cover by 10 percent and other habitats such as grasslands and savannah by a fifth.

Such a trajectory would shatter any remaining chance mankind has of limiting global temperature rises to 1.5 Celsius (2.7 Fahrenheit), as countries committed to achieving in the landmark 2015 Paris accord.

"The way we are currently organised, it isn't simply enough," said Potocnik.

In a message to lawmakers and heads of state due in Nairobi for Thursday's One Planet Summit, Potocnik said the time for vague political commitments on the environment had passed.

"If you are in public office, defend public interest. And it's clear what is public interest today: we have to survive."

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Agencies
June 12,2020

Mumbai, Jun 12: Following an overwhelming response for the mega rights issue of Mukesh Ambani-owned Reliance Industries, the partly paid-up rights shares are set to debut on stock exchanges on June 15.

The biggest ever Rs 53,124 crore rights issue was subscribed 1.59 times and received bids worth Rs 84,000 crore on June 3.

Reliance said the rights issue saw a huge investor interest, including from lakhs of small investors and thousands of institutional investors, both Indian and foreign.

In 2019, Ambani said in the Reliance's annual general meeting that the company will be net zero debt by March 2021. The company is on course to achieve its target ahead of the deadline.

"In spite of the COVID-19 crisis and the lockdowns, the due-diligence by Saudi Aramco for the planned investment in the O2C business is on track as both the parties are committed and actively engaged," he said recently.

"With a strong visibility to these equity infusions, Reliance is set to achieve net zero debt status ahead of its own aggressive timeline. We believe rights issue was a part of the company's strategy of deleveraging its balance sheet," said Ambani. 

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Agencies
May 14,2020

Social media platform WhatsApp assured the Supreme Court on Wednesday that it will not roll out its payment services without complying with all payment regulations and norms in the country.

A bench headed by Chief Justice S.A. Bobde and comprising Justices Indu Malhotra and Hrishikesh Roy took up the matter through video conferencing. Senior advocate Kapil Sibal, representing the social media platform, said "WhatsApp Inc makes a statement on behalf of his client that they will not go ahead with the payments' scheme without complying with all the regulations in force."

The statement was made during the hearing of a petition seeking a ban on payment through WhatsApp, as it does not conform to the data localization norms. The top court took the assurance made by WhatsApp on record.

WhatsApp made the statement during the hearing of a plea seeking a ban on its payment service, for not being in line with data localization norms.

In 2018, WhatsApp was granted a beta licence to launch its payment service, but a dedicated and separate app is yet to be launched. A petition was moved in the apex court that WhatsApp's existing model for its payments service should be declared inconsistent with the Unified Payment Interface (UPI) Scheme, as a separate dedicated app has not been offered by the company.

The petitioner NGO, Good Governance Chambers, argued that the National Payments Corporation of India (NPCI) and the Reserve Bank of India (RBI) must change its model on the lines of the UPI payment scheme, and its operations may be suspended until these conditions are met.

The apex court today asked the Centre, Facebook and WhatsApp to file their replies within three weeks and it will take up the matter thereafter. The court noted that the government may process the applications filed by WhatsApp in accordance with the law and there is no stay on the same. Facebook was represented by senior advocate Arvind Datar.

The petitioner argued that lapses have been found in relation to WhatsApp's claims of having a secure and safe technological interface for securing sensitive user data.

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Agencies
June 29,2020

New Delhi, Jun 29: Witnessing azure skies and breathable air for the last three months, Delhi on Monday recorded deterioration in its air quality, with particulate matter with diameter of 2.5 and 10 microns -- too small to be filtered out of the human body -- standing at 52 and 297 micrograms per cubic respectively.

Gufran Beig, Project Director of System of Air Quality Weather Forecasting and Research (SAFAR), said that the sudden spike in air pollution is due to a mild dust storm blowing from Rajasthan.

"Since the wind direction is changing and moist air is coming in, the air quality in Delhi will become better by tomorrow," Beig told IANS.

Central Pollution Control Board (CPCB) data showed that the overall air quality near Delhi Technical University (DTU) area stood at 326 micrograms per cubic, followed by 308 at Narela and 307 at Mundka.

Out of 36 stations, the AQI in as many as 30 stations was above 200 micrograms per cubic till 1 pm on Monday.

The System of Air Quality Weather Forecasting and Research categorises air quality in the 0-50 range as good, 51-100 as satisfactory, 101-200 as moderate, 201-300 as poor, 301-400 as very poor, and above 400 as severe.

According to SAFAR's website, "PM 10 (coarser dust particle) is the lead pollutant. AQI is likely to improve to moderate category by tomorrow, and further improvement is expected by July 1."

Researchers indicated that PM 10 and PM 2.5 will be 170 and 47 micrograms per cubic on Tuesday.

With no vehicles plying on the roads or industries shut due to the lockdown since March 25, Delhi's air quality had improved drastically.

According to a study conducted by the Indian Institute of Technology (IIT), Delhi, if the low levels of air pollution reached during the lockdown period are maintained, India's annual death toll could reduce by 6.5 lakh.

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