Environment ministry working towards a study to quantify forests, rivers and mineral wealth
Neha Sethi | November 30, 2010
The challenge of climate change is a godsent opportunity for Indian businesses to develop technology, environment minister Jairam Ramesh said at a conference on Tuesday. Speaking at the 5th Sustainability Summit organised by CII, Ramesh said that businesses in India can strategically base themselves on climate change. “Solutions can be found by Indian companies, also for the world markets,” he added.
Ramesh said that India should strive to become a technology supplier to the rest of the world. Talking about a green economy, the minister said that India is working towards defining GDP as ‘green domestic product’ by 2015. “We are working towards 2015 where we will not only consider GDP as conventionally measured today but will also be reporting the GDP defining estimate cost of environment, its preservation and natural resources,” he said.
The quantification of natural resources is the first element in defining sustainability, he said. Ramesh said that the ministry was working towards a national study to quantify the forests, rivers and mineral wealth of the country. The minister said that India should not follow the western model of growth and should strive to uniquely redefine the growth path.
Talking on incentives for sustainable growth, the minister said that the incentive structure was skewed in favour of fiscal returns as of now. “But we need to incentivise companies that promote sustainability, water conservation, energy conservation, etc,” he added.
On the issue of subsidised diesel for SUVs, Ramesh said that the users should pay the full market price of diesel as the subsidy on diesel was meant for farmers.
Climate change rising temperature and sea levels are posing new risks for coastal cities. With population growth rate of 1%- 2% in India every year, Mumbai too is growing and is population will double from 20 million to 40 million in the coming years. The city is also at the risk of rising sea level. It ne
Union Minister of State (Independent Charge) for Science and Technology, MoS PMO, Department of Atomic Energy and Department of Space and MoS Personnel, Public Grievances and Pensions, Dr Jitendra Singh on Tuesday interacted with and felicitated the first 20 All India Toppers of IAS/ Civil Services Exam 20
In a major decision, the Government has decided to grant waiver of ISTS charges to Off-Shore Wind Projects and extend the waiver to Green Hydrogen/Green Ammonia. This decision has been taken to facilitate wider execution of offshore wind energy initiatives, to promote the expansion of Green Hydrogen / Gree
Urging use of alternative and cost effective fuels to reduce pollution caused by vehicles, union road transport and highways minister Nitin Gadkari on Thursday said finding cost-effective fuels is the need of the hour and underlined that use of fuels like bio-CNG and green hydrogen help in protecting the e
The foodgrain production of 3305.34 lakh tonnes is estimated in the current agricultural year 2022-23 – higher by 149.18 LMT as compared to the previous year, according to the Third Advance Estimates of production of major crops released by the ministry of agriculture and farmers welfare.
The AI Supercomputer ‘AIRAWAT’, installed at C-DAC, Pune, has been ranked 75th in the world. It was declared so in the 61st edition of Top 500 Global Supercomputing List on Tuesday at the International Supercomputing Conference (ISC 2023) in Germany. It puts India on top of AI S