background

Blog

Latest News Thumbnail

Three to Jive

Renjini Liza Varghese


In this post, I want to discuss three distinct topics today.

The first, which I would describe as a significant step that might have been lost in other developments and escaped your notice, was the modification of the Eco Mark regulations. Second, the government of Maharashtra has taken action to stop plastics from entering the ocean, and third is the rise in temperature. You may wonder what these have in common: fighting climate change and stepping up sustainability initiatives.

The Eco Mark Rules, 2024, which specify requirements for labeling environmentally friendly products and replace the Eco Mark scheme of 1991, were announced on October 1 by the Ministry of Environment, Forests, and Climate Change (MoEFCC).

This is definitely consistent with the nation’s dedication to environmental preservation and protection. This will fall under the Lifestyle for Environment (LiFE) program that was unveiled in the most recent budget. LiFE aims to prevent inaccurate information about a product’s environmental friendliness and to promote energy savings, resource efficiency and conservation, and a circular economy.

Highlights:

A product will receive an Eco Mark if it meets certain criteria regarding:
a) the manufacturing process
b) the raw material source
c) the use of natural resources
d) the environmental impact; etc.

It also factored in the critical issue of waste — by including the criteria of minimizing or eliminating the generation of waste and environmental emissions. Encourages reducing the use of non-renewable resources. Advocates the use of renewable energy sources for production. Avoid/reduce the use of materials that have adverse impacts on the environment and encourage the use of recyclable or is made from recycled material or both.

The goal of the new scheme is to increase consumer awareness of environmentally friendly products, which was lacking in the past.

How to apply?

Through the Central Pollution Control Board, any company can voluntarily apply for Eco Mark (CPCB). The product may be granted Eco Mark by CPCB once it has verified and confirmed that it complies with the requirements.

If the provided information is later determined to be untrue, CPCB has the authority to revoke or suspend the certification.

For the effective implementation of the same, as per the notification, there will be a Steering Committee with members of multiple ministries.

Benefits:

This could be seen as a move to:

a) Encourage manufacturers to adopt sustainable production practices

b) Implement a circular economy

c) Resource efficiency

d) Respond to greenwashing with accurate Labelling

e) Consistent with India’s SDG commitments

In a separate development, environmental organizations and Maharashtra Pollution Control Board have reached an agreement to find a solution to stop plastic waste from entering the sea along Mumbai’s coast. The concerned organizations will figure out ways to stop plastic pollution before it reaches the ocean.

The third update is about IMD observations about Mumbai The city is experiencing oscillating temperatures. The increase in temperature signals the arrival of October heat. The mention of an increase in the average temperature during the day and at night is what drew my attention. On the one hand, the IMD data indicates a rise in daytime temperatures of 3.3 degrees Celsius and night-time temperatures of 4.1 degrees. On the other hand, the island city and the surrounding districts are under a yellow alert due to thunderstorms.

I want to conclude by stating that that you and I will be greatly impacted by the unavoidable effects of climate change, but we can join the fight by embracing Eco Mark products and promoting sustainable living.


Tags: , , , , , , , , , , , , , , ,

background

Blog

Latest News Thumbnail

Will India’s Budget Fuel Eco-Leap or Smog City Boom? 

Renjini Liza Varghese


Tomorrow, all of us will be glued to the TV to watch the budget announcements. No doubt it will be a populist budget as we are heading to General Elections in a few months. However, the net-zero target by 2070 may force the Union Finance Minister Nirmala Sitharaman to allocate funds for India’s transition to a sustainable future in this interim budget.

India is pushing its energy transition (renewable energy) narrative. However, with the buoyant growth in the economy, the country is scaling its capacity addition in power generation which is raising its carbon footprint. The country’s reliance on  RE is set to jump multi-fold with the target of 500 GW by 2030. Additionally, the production of nuclear power is increasing. In this regard, we anticipate a few policy adjustments to put India on a decarbonization path. Other emerging energy sources like hydrogen, offshore wind, and energy storage will attract attention. Modernization of grids, smart meters, green bonds, blue bonds and carbon markets are also in focus.

I have a gut feeling that we will see some green shoots. This is essential because this is India’s first budget after the G20 Presidency, during which we focused on “Lifestyle for Environment” (LiFE). I expect a reflection of LiFE in the budget with more measures for integration. This could be in the form of measures to attract investments in sustainable lifestyles, green education, and awareness campaigns that could empower citizens to adopt environmentally conscious practices.

Challenges:

Expectations are high. However, fiscal constraints present a challenge. The government needs to strike a balance between green ambitions and fiscal prudence. The finance ministry must ensure effective allocation and utilization of funds, address land acquisition hurdles for renewables projects, and create a conducive policy environment for private sector participation.

It is crucial to have a dynamic green finance framework. The development of dedicated green finance instruments like green bonds or climate-focused investment funds can attract private investments toward green initiatives. Leveraging innovative financing mechanisms, public-private partnerships, and carbon credits can bridge the gap.

Carbon market:

The much-talked-about national carbon market may get operational. This is the right step towards achieving India’s climate goals. This will no doubt encourage emission reduction efforts across industries as it gives financial incentives.

Continued actions:

We may see more focus on Green Technology Development with increased R&D funding. Green hydrogen, battery storage, and carbon capture and storage (CCS) can propel India’s technological leadership in climate action.

Green skilling:

There will undoubtedly be a mention of matching the industry demand for a skilled workforce in the upcoming budget. Investing in skilling and reskilling programs for green jobs would prepare the workforce which in turn will help the country transition to a green economy. In other words, it would guarantee a smooth and inclusive shift towards sustainable practices.

Greening the agri segment:

Agriculture, a major emitter, needs a green makeover. I expect budget allocation to support organic farming, natural farming, and precision agriculture technologies. In addition, water conservation technologies, irrigation efficiency improvements, and sustainable water management practices are also crucial for greening the agri sector. Focus on agri/rural waste management could further green the agricultural sector.

The RE push:

Scaling up renewable energy:  I anticipate that capital allocations for renewable energy (RE) projects will increase significantly. They are likely to surpass the Rs. 35,000 crores announced in the Budget 2023.  This could fuel solar, wind, and other renewable energy infrastructure development. This boost could be directed towards infrastructure development – green transmission corridors, smart meters, and R&D in emerging technologies like offshore wind and green hydrogen.

Expanding the Production-Linked Incentive (PLI) scheme for electrolyzer manufacturing would boost green hydrogen production, a vital element in India’s clean energy puzzle. This would incentivize domestic production of crucial components for green hydrogen generation.

Green mobility: More budgetary support is expected for the production of electric vehicles (EVs), the development of charging infrastructure, and battery storage solutions. This can involve the extension and expansion of existing EV purchase and production subsidies and tax breaks.

Sustainable public transportation may also get more focus. Transport projects like metro rail expansion and electric buses are the need of the hour.

Tomorrow’s budget has the potential to be a defining moment for India’s green journey. The government can put India on a fast track towards building a sustainable future. All eyes will be on the Finance Minister’s speech as we wait for her to set the path towards a greener tomorrow.


Tags: , , , , , , , , , , , , , , , , , , ,


Fatal error: Uncaught Error: Call to undefined function twenty_twenty_one_the_posts_navigation() in /home2/writecxc/public_html/wp-content/themes/twentytwentyone-child/archive.php:31 Stack trace: #0 /home2/writecxc/public_html/wp-includes/template-loader.php(106): include() #1 /home2/writecxc/public_html/wp-blog-header.php(19): require_once('/home2/writecxc...') #2 /home2/writecxc/public_html/index.php(17): require('/home2/writecxc...') #3 {main} thrown in /home2/writecxc/public_html/wp-content/themes/twentytwentyone-child/archive.php on line 31