India Gets USD 43 Million To Boost Climate Resilience
A USD 43 Million project started in India, to boost its climate resilience in the coastal state in partnership with the United Nations Development Programme.
The project is funded by the Green Climate Fund, the establishment within the framework of UNFCCC to assist developing countries. The project will create job opportunities for 1.7 million people in the Indian state of Maharashtra, Andhra Pradesh, and Odisha. The project is expected to take 6 years to complete and the carbon offset will be up to 3.5 million tonnes. This plan will also promote the preservation of vulnerable ecosystems. The government will fund an additional USD 86.8 million towards the project. The project will work with communities in reviving the ecosystems and encouraging sustainable farming. Over 1.7 million people will be directly benefitted and 10 million indirectly. The project will sequester 3.5 million tonnes of carbon dioxide in the next 30 years. Project activities will restore 15000 hectares of mangroves, coral reefs, seagrasses, and salt marshes.
Billions At Risk As Asia’s Great Rivers Suffer
The glacier of the Hindu Kush-Himalayan region (HKH)- which is the world’s Third Pole, are disappearing as the planet warms, the ice which once fed the great rivers of Asia are diminishing, and with it much of the water needed to nurture and grow a continent.
Crisis of such water bodies put in threat the lives of hundreds of millions of people. The 2015 Paris agreement saw nations agreeing to limit global warming to 2 degrees Celsius above pre-industrial levels as a way to curb the worst impact of global warming. The HKH assessment reports say unless it is met, two-thrid of the region’s glaciers will be gone by the end of this century. From Afghanistan to Myanmar, the HKH region takes in the Tibetian plateau, the Himalaya, Hindu Kash, and Karakoram Mountain range. Some of the world's most important rivers, Brahmaputra, Yangtex, Mekong, and Indus, depend on these glaciers.
PM Modi Inaugurates Solar Project at Rewa
Shree Narendra Modi on 10th July inaugurated the solar power project at Rewa, Madhya Pradesh via video conferencing. This will boost the Atmanirbhar Bharat (self-reliant India) motto of the PM.
PM Modi also emphasized that there is a need for development in solar panels, batteries, and storage to make the most out of the project. PM Modi also pointed out that the price of solar power was ₹7-8 per unit back in 2014, which is ₹2.15-2.30 per unit today.
Image Courtesy: TOI, Africa Business Community Green Climate Fund
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