Economic growth devastating nature: India can't ignore Dasgupta review

Prof Patha Dasgupta

Power & Climate Policy Analyst Shankar Sharma’s letter to Dr. Rajiv Kumar, Vice Chairman, NITI Aayog, New Delhi, with copies to Prime Minister Narendra Modi and Union environment, forests and climate change minister Prakash Javadekar, among others, on why India cannot afford to ignore the true relevance of the findings of Dasgupta Review on the Economics of Biodiversity:

***

The Dasgupta Review, as referred to in the news links (click here and here), is an independent global review on the Economics of Biodiversity led by Professor Sir Partha Dasgupta (Frank Ramsey Professor Emeritus, University of Cambridge). The Review was commissioned in 2019 by HM Treasury and has been supported by an Advisory Panel drawn from public policy, science, economics, finance and business. This report has findings of enormous importance on how we are treating biodiversity as compared to how we should be treating it. There is a critical need for NITI Aayog to lead other associated Ministries/agencies of the govt. in a nationwide effort to diligently study the relevance of this report to Indian scenario, and apply the much needed course corrections urgently.
For far too long the successive governments have been ignoring many such credible reports from around the world in our blind pursuit of high GDP growth rate paradigm with disastrous consequences to our people, which were apparent to any rational observer, but which were conveniently ignored by our authorities. However, in the context of this latest report and the earlier one “The Economics of Climate Change” by Sir Nicholas Stern, it will be suicidal for our country to ignore the associated recommendations, and such continued indifference can be construed as failing in our people’s expectations.
The 600-page rundown of scientific material commissioned by the British government (The Dasgupta Review — a two-year global collaboration of hundreds of academics overseen by Partha Dasgupta, professor emeritus of economics at the University of Cambridge) said that all livelihoods depended on the health of the planet. It showed that while global capital produced per person had doubled in the three decades since 1992, the stock of natural capital — that is, the quantifiable benefit an individual derives from services bestowed by nature — had plunged 40 percent.
“Never before has it been so important to consider the economics of nature and the role biodiversity plays in supporting a healthy economy,” said Guy Poppy, professor of Ecology at the University of Southampton, who was not involved in the review…
“Two of the major challenges currently facing humankind — climate change and Covid — both illustrate the need to link economics with the environment and to rethink how we will become more prosperous and healthy in the future...
“The economic benefits of biodiversity had historically been missed from growth models, distorting the value of capital accumulation and leaving crucial conservation programmes chronically underfunded, said the review. With an estimated $4-6 trillion in funding each year going to unsustainable economic activities such as fossil fuel use and damaging farming techniques, governments “exacerbate the problem by paying people more to exploit nature than to protect it”.
Two relevant discussion papers (click here and here), which have focused on the Indian scenario, as attached below, may provide any additional impetus, if needed, for our authorities to take the associated issues with all the seriousness they deserve.

Comments

Eight years of empowering tribal communities through water initiatives in Chhattisgarh

By Gazala Paul* In the heart of Chhattisgarh, amidst the echoes of tribal life, a transformative journey has unfolded over the past eight years. The Samerth organization has diligently worked to elevate the lives of indigenous communities in the Kawardha district through the project, "Enabling Baiga Community to access safe drinking water."

Martin Crowe played instrumental role in making New Zealand a force in world cricket

By Harsh Thakor* Late Martin Crowe was the perfect manifestation of how mere figures could not convey or do justice to the true merit of a batsman. Crowe was arguably the most complete or majestic batsmen of his era or the ultimate embodiment of batting perfection, or the classical batsmen. He perished 7 years ago, due to a rare and aggressive form of cancer, follicular lymphoma, which originated in 2012. In September, we celebrated his 60th birthday but sadly he left for his heavenly abode.

Regretful: Kapil Dev retired not leaving Indian cricket with integrity he upheld

By Harsh Thakor Kapil Dev scaled heights as an entertainer and a player upholding the spirit of the game almost unparalleled in his era. In his time he was cricket’s ultimate mascot of sportsmanship On his day Kapil could dazzle in all departments to turn the tempo of game in the manner of a Tsunami breaking in. He radiated r energy, at a level rarely scaled in his era on a cricket field. Few ever blended aggression with artistry so comprehenisively. Although fast medium, he could be as daunting with the ball as the very best, with his crafty outswinger, offcutter, slower ball and ball that kicked from a good length. Inspite of bowling on docile tracks on the subcontinent, Kapil had 434 scalps, with virtually no assistance. I can never forget how he obtained pace and movement on flat pancakes, trapping the great Vivian Richards in Front or getting Geoff Boycott or Zaheer Abbas caught behind. No paceman carried the workload of his team’s bowling attack on his shoulders in his eras muc

How the slogan Jai Bhim gained momentum as movement of popularity and revolution

By Dr Kapilendra Das* India is an incomprehensible plural country loaded with diversities of religions, castes, cultures, languages, dialects, tribes, societies, costumes, etc. The Indians have good manners/etiquette (decent social conduct, gesture, courtesy, politeness) that build healthy relationships and take them ahead to life. In many parts of India, in many situations, and on formal occasions, it is common for people of India to express and exchange respect, greetings, and salutation for which we people usually use words and phrases like- Namaskar, Namaste, Pranam, Ram Ram, Jai Ram ji, Jai Sriram, Good morning, shubha sakal, Radhe Radhe, Jai Bajarangabali, Jai Gopal, Jai Jai, Supravat, Good night, Shuvaratri, Jai Bhole, Salaam walekam, Walekam salaam, Radhaswami, Namo Buddhaya, Jai Bhim, Hello, and so on.

Towards 2024: Time for ‘We the People of India’ to wake up before it is too late

By Fr Cedric Prakash SJ* It is Constitution Day once again! We, the people of India, gratefully remember 26 November 1949 when the Constitution of India was passed and adopted by the Constituent Assembly. The Constituent Assembly comprised women and men of distinction, who were able to represent the heart and soul of the people of India without fear or favour. They gave of their best, so that we may a visionary Constitution, which would be the mainstay for and of democracy in India!

1982-83 Bombay textile strike played major role in shaping working class movement

By Harsh Thakor On January 18th, 1982 the working class movement commemorated the 40th anniversary of the Textile Workers Strike that lasted for 18 months, till July 1983. It was landmark event that played a major role in shaping the working class movement. With more than 2.5 lakh workers from 65 textile mills joining in this strike for almost two years, this strike became one of the most significant strikes in terms of scale and duration All democrats should applaud the mill workers’ united battle, and their unflinching resilience an death defying courage continues to serve as a model for contemporary working-class movements. Many middle class persons harboured opinions that the Textile workers were pampered or were a labour aristocracy, ignorant of how they were denied wages to provide for basic necessities. The Great Bombay Textile Strike is notably one of the most defining movements in the working class struggles in Post-independent India. Bombay’s textile industry flourished in

Ceasefire a tactical victory for Palestinian resistance, protests intensify across globe

By Harsh Thakor* The Zionist leadership and Netanyahu’s government were compelled to concede the defeat of their first attempt after almost 50 days of daily fighting in the Gaza Strip. Netanyahu was forced to concede that he was unsuccessful in suppressing the Palestinian Resistance; and that the release of the prisoners was only plausible because they accepted Hamas’ terms.

Odisha leadership crisis deepens: CM engages retired babus to oversee depts' work

By Sudhansu R Das Over decades, Odisha has lost much of its crop diversity, fertile agriculture land, water bodies, employment potential, handicraft and handloom skills etc. The state has failed to strike a balance between the urban and rural sector growth; this leads to the migration of villagers to the urban areas leading to collapse of the urban infrastructures and an acute labor shortage in rural areas. A large number of educated, skilled and unskilled Odia people have migrated to other states for higher education, quality jobs and for earning livelihood which plummet the efficiency level of government departments. Utmost transparency in the recruitment and promotion in the state government departments will improve governance mechanisms in the state. "No near and dear one approach" in governance mechanisms can only achieve inclusive growth for the state on payment basis. This is a moral hazard. When so many educated young people seek employment outside the

Massive tropical deforestation: Big finance's $307 billion go to forest-risk commodities

A note on report by Forests & Finance coalition -- Rainforest Action Network, TuK Indonesia, Profundo, Amazon Watch, Repórter Brasil, BankTrack, Sahabat Alam Malaysia and Friends of the Earth US: *** A new report released on ‘Finance Day’ at COP28 by the Forests & Finance Coalition , provides a comprehensive look into the role big finance plays in driving deforestation, biodiversity loss, climate change and human rights abuses in tropical forest regions. The report reveals that since the Paris Agreement, banks have pumped over $307 billion into high risk forestry and agriculture companies linked to tropical deforestation, proving that the policies of major global banks and investors are failing to prevent continued widespread forest and biodiversity loss.

20% of Indian businesses have no emission plan in place despite climate emergency: Report

By Jag Jivan New research underlines urgent need for strategies and transition plans to combat climate change, remain successful and meet stakeholder expectations.

Search This Blog