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Let's work together to combat the climate change before it is too late.
India is now the world's most populous country, even it only makes up 0.644% of the surface of Mother Earth. This ecological imbalance can lead to high risks of environmental disasters. Last year summers arrived quite early in India and the average temperature was also recorded 33.10 degrees which is quite high. The adverse effects of climate change are visible this year too. We still have time; we should all work together, add new policies to support climatic pledges and cooperate for a sustainable future. The rate at which the climate is changing we should act now.
India has the second largest surface area for agriculture & this area is approximately 159.7 million hectares. We are also the second largest producer of food in the world and mainly produce dry fruits, textiles, and different varieties of fruits & vegetables. As per the data, the agriculture sector contributes a third of the total GHG (Green House Gas) emissions in the world. There have been some developments towards coping with the impact of climate change by agriculture and encouraging climate resilience agriculture. UN (United Nations) on proposal of India announced this year as year of Millet and many of you may know it is a climate resilient crop. There is also a visual shift towards natural farming in India and people are getting aware of drawbacks of using the harmful chemicals. Natural farming is becoming an essential part of sustainable agriculture in India. As per the data around 2.5 million farmers have already on the path of regenerative agriculture and in next 5 years this figure can reach 20 lakh hectares- in any form of organic farming, including natural farming, of which 12 lakh hectares are under Bharatiya Prakritik Krishi Paddhati Programme .
The other sector which covers the maximum surface is irrigation sector which also consumes maximum freshwater. To supply water to rural and urban sectors, ground water is the main source, but there are few measures to recharge and increase the groundwater's potential.To supply water to rural and urban sectors, ground water is the main source, but there are few measures to recharge and increase the groundwater's potential. In our recent blog on smart water management system, we discussed how we can decrease the water stress and how is SEBI (Security Board Exchange of India) is encouraging the organisations to invest in blue bonds to increase the scope of blue economy in India.
When we talk about environmental stress, we cannot elude the current heatwaves and the oppressive climatic conditions we are facing now. Even the overshoot day is getting shifted by days earlier year by year because of the climate change. India has set the net zero goal for the year 2070 and is planning to add more steps towards cutting the emissions across different sectors. These goals are ambitious but not impossible. The energy sector is the most contributing sector for GHG emissions followed by agriculture and industrial processes and others. We have also pledged to reduce the use of fossil fuels and increase the supply of installed electric power by 50% by 2030, one of the steps towards LiFE Movement.
To combat the climate change, India has launched other prudent policies some of them include protecting regional glaciers, reducing single-use plastic and producing clean cooking fuel. Most of these excessive steps for India’s climate adaptation and mitigation work are predominantly funded by green finance by domestic sources. Although these are very effective steps; we cannot afford now to delay in investing in climate change reforms now. The regulatory policies for ensuring the sustainable finance flows by introducing green bonds, blue bonds. And it is estimated that we may see issuance of green bonds worth billion dollars this year in India. It is now the need to work collectively and build an investment platform to effectively channelise this pool of international sources of climate finance.
India is the 3rd largest emitter for GHG and there are very few regulations on the environmental impact. Last year’s significant climate conditions including droughts, heat waves, water stress, floods; and this year heat waves have just started all these will probably continue to impact climate change. These inherent uncertainties, indicate several changes in India’s future climate projections and will surely affect our economy. We cannot live in denial and must act together to speed up the transition towards a green and sustainable future.
Driven by our purpose, to safeguard life, property, and the environment we at DNV help you to demonstrate your organization’s commitment to reducing the environmental impact with our climate change services, carbon footprint services, water management services and many more. Connect with our team to know more.