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Sustainable lifestyles to be focus of India’s stand in climate talks

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Sustainable lifestyles to be focus of India’s stand in climate talks

NEW DELHI: The Union environment ministry has begun consultations with climate and energy experts on developing the concept of sustainable lifestyles based on Prime Minister Narendra Modi’s comments at the UN Climate Change Conference (COP26) in Glasgow in November.

Modi said the world is recognising that lifestyles have a big role in climate change and proposed a “One-Word Movement”. “This One-Word in the context of climate can become the basic foundation of One World. This is a word LIFE…L, I, F, E, ie, Lifestyle For Environment… This can become a mass movement of an environmentally conscious lifestyle. What is needed today is mindful and deliberate utilisation instead of mindless and destructive consumption.”

An environment ministry official, who did not want to be named, said they met over 40 experts last week. “…some of [them] joined us virtually from other parts of the country on how the concept of sustainable lifestyles can be a major pillar of the climate debate. There were two internal meetings of the environment ministry on this. All of their inputs have been taken and a concept note will soon be prepared. More meetings may be necessary to ideate how this can be the cornerstone of our stands at climate negotiations.”

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He added they had experts from Vijanana Bharati (previously Swadeshi Science Movement), National Institute of Advanced Studies, Centre for Science and Environment, MS Swaminathan Research Foundation, Council on Energy, Environment and Water, etc. “Once the concept is developed, we will share it with Niti Aayog also for further implementation. It is premature to say how the concept will be used in climate negotiations. We have had preliminary discussions for now.”

Manjeev Singh Puri, distinguished fellow, The Energy and Resources Institute, said lifestyle adaptation has to now be at the heart of sustainable development so that sustainable patterns of both production and consumption, particularity among the most profligate, evolve. “India, with its strong links to nature and a lifestyle that values conserving and not profligacy, can lead in this global movement and give expression to Prime Minister Modi’s call…,” said Puri, who attended the environment ministry consultation chaired by Union environment minister Bhupender Yadav.

Modi reiterated the idea in his address to the World Economic Forum in January. He again referred to it at the World Sustainable Development Summit on February 16.

India has urged developed countries to moderate their consumption patterns. The target of reducing emissions to net-zero by mid-century, proposed by some countries, will not be adequate in view of the fast-depleting global carbon space, India said in its statement at the G20 energy and climate joint ministerial meeting in July. India urged the group of 20 developed nations with per capita greenhouse gas emissions above the world average to reduce the levels by 2030.

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According to the World Resources Institute, India emits 7.1% of global emissions and has per capita emissions of about 2.47 Tco2e (tonnes of carbon dioxide equivalent), compared to the global average of 6.45 tco2/per capita. In comparison to top emitters, India’s per capita emissions are seven times lower than that of the US, 3.4 times lower than China’s, and three times lower compared to the EU.

Complete News Source : Hindustan Times

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Stock market in red amid India’s diplomatic action against Pakistan

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Stock market in red amid India’s diplomatic action against Pakistan

The stock market opened in red on Thursday, with the Sensex trading below 187.91 points and the Nifty below 46.45 points. The 30-share Sensex rose by 520.90 points or 0.65% to settle at 80,116.49, the highest closing level since December 18. Eight of the 13 major sectors declined at the open, while the broader, more domestically focused small-caps and mid-caps traded flat.

Ajay Bagga, market expert, said that the overhang remains for the next 10 to 15 days, the time it took in the previous two instances from the terrorist strike to the retaliatory Uri and Balakot strikes. On Wednesday, stock markets extended their surge to the seventh day, with Sensex share jumping 520 points to close above 80,000 level for the first time in four months.

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The stock market closed in green for the 7th day on Wednesday, with the 30-share Sensex rising by 520.90 points or 0.65% to settle at 80,116.49, the highest closing level since December 18. During the day, it surged by 658.96 points or 0.82 per cent to 80,254.55. The NSE Nifty rallied 161.70 points or 0.67 per cent to 24,328.95. HCL Tech surged the most by 7.72 per.

Cent after posting an 8.1% increase in consolidated net profit at ₹4,307 crore for March quarter 2024-25, mainly on account of large deals with a total contract value of about ₹25,500 crore. Kotak Mahindra Bank, State Bank of India, Axis Bank, ITC, and UltraTech Cement were also among the laggards, according to PTI Both the Sensex and Nifty reversed their seven-day.

Uptrend and settled lower on Thursday, amid profit-taking and disappointing Q4 earnings of Hindustan Unilever. Selling in blue-chips ICICI Bank, Bharti Airtel, and a largely muted trend in Asian and European equities also dragged the markets down, PTI reported. In the past seven trading days, the BSE benchmark gauge zoomed 6,269.34 points or 8.48 per cent, and the Nifty.

jumped 1,929.8 points or 8.61 per cent ​Indian stock markets experienced significant declines on April 25, 2025, amid escalating geopolitical tensions with Pakistan following a deadly militant attack in Pahalgam, Kashmir, which resulted in 26 civilian deaths. The BSE Sensex fell by 1,195 points during intraday trading, closing 570.8 points lower at 79,227, while the NSE.

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The market downturn was driven by widespread losses across sectors, with 12 out of 13 major indices ending in the red. Broader markets were also affected, as mid-cap and small-cap Nifty50 dropped 207.3 points to settle at 24,039 indices declined over 2%. Investor sentiment was further dampened by India’s strong diplomatic response to the attack, which included.

suspending the Indus Waters Treaty, closing the Attari border crossing, and revoking visa privileges for Pakistani nationals The Indian rupee weakened, closing 0.2% lower at 85.45 against the U.S. dollar, influenced by month-end dollar demand and increased geopolitical uncertainty. Bond yields also rose, reflecting heightened risk aversion among investors

Analysts caution that the ongoing tensions between India and Pakistan could continue to impact market stability. While a full-scale conflict is considered unlikely, the situation remains fluid, and investors are advised to monitor developments closely In Pakistan, the Karachi Stock Exchange’s KSE-100 index fell by 2.12%, or 2,485.85 points, as investors reacted to India’s.

The United Nations has urged both nations to exercise restraint and resolve their differences through peaceful dialogue diplomatic measures and the suspension of the Indus Waters Treaty Indian stock markets slipped into the red on April 25, 2025, following India’s strong diplomatic actions against Pakistan after a deadly terrorist attack in Kashmir. The BSE Sensex.

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