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Sustainable Development and
Climate Change
CA. Divakar Vijayasarathy
DVS Advisors LLP
India-Singapore-London-Dubai-Malaysia-Africa
www.dvsca.com
Credits and Acknowledgments
Viswanath D
Presentation Schema
Introduction
ACHIEVING THE
SDGs
GANGA THE
LIFELINE OF INDIA
MAJOR
COMPONENTS OF
NAMAMI GANGE
MISSION
RESOURCE
EFFICIENCY
CURRENT AND
FUTURE
PROJECTIONS FOR
INDIA
AIR POLLUTION
MAJOR
GOVERNMENT
INITIATIVES
DEVELOPMENT IN
SUSTAINABLE
FINANCE ARENA
INTERNATIONAL
SOLAR ALLIANCE
(ISA)
WAY FORWARD
Introduction
The Sustainable Development Goals (SDGs) adopted by World
leaders in 2015 presents a roadmap for future development
trajectory to all nations.
The achievement of these goals is an imperative for, not just,
any particular country but the global community as a whole.
In India increasing growth rate and rapid urbanization have
spurred the demand for natural resources, exerting pressures
on the environment and raising sustainability concerns.
Hence there is tremendous need for using the resources
without depleting it for the fore coming generations.
Achieving the SDGs
Sustainable development requires every nation to
prioritize their targets and carefully implement various
schemes/programmes.
Current flagship policies and programmes of
Government of India such as Swachh Bharat Mission
(SBM), Beti Bachao Beti Padhao (BBBP), Pradhan
Mantri Awas Yojana (PMAY), etc have substantially
contributed to India’s progress in this regard.
This SDG index provides an aggregate assessment of
India’s progress.
This index helps in informed policy formulations as it
captures status of both national and state-level social,
economic, and environmental parameters across a set
of 62 select indicators.
Contd
Kerala and Himachal Pradesh are the front runners
amongst all the states with a score of 69.
Tamil Nadu is also progressing very fast.
Among the UTs, Chandigarh and Puducherry are the
front runners with a score of 68 and 65 respectively
Kerala’s good performance is attributable to the
provision of good health, reducing hunger, achieving
gender equality and providing quality education.
Himachal Pradesh has performed well on providing
clean water and sanitation along with reducing
inequalities and preserving mountain ecosystem.
Chandigarh, among other UTs, has performed well in
providing clean water and sanitation along with
affordable clean energy and quality education.
Ganga – The Lifeline of India
A key policy priority of the Government
towards achieving the SDG 6 (Ensure
availability and sustainable management
of water and sanitation for all) has been
the cleanliness of mighty River Ganga
through Namami Gange Mission.
The mission was launched as a priority
programme with a budget outlay of
Rs.20,000 crore for the period 2015-
2020. During the period 2014-15 to
2018-19, a total amount of Rs. 6,106.25
crore has been spent on the programme
indicating a substantial jump over earlier
similar programmes
Major Components of Namami Gange Mission
Rural Sanitation
Sewerage
Project
Management
River as
Public Space
Water Quality
Industrial
Pollution
Sewerage
Infrastructure
Urban
Sanitation
Ecosystem
Conservation
Water Use
Efficiency
Clean Ganga
Fund
Urban River
Management
Resource Efficiency
Iceland and United Kingdom have focused on reducing the use of primary raw materials and impact of material extraction
respectively in the stage of ‘Extraction of Raw Materials’.
Around the world, several countries have introduced various policies specific to the different stages of material life cycle.
This would further diminish greenhouse gas (GHG) emissions by an additional 15 to 20 per cent and deliver annual economic
benefits of US$2 trillion globally by 2050 relative to existing trends.
The International Resource Panel estimated that efficient resource policies in G7 countries could reduce the global use of
natural resource by 28 per cent
A resource efficient development approach essentially means a transition of the management of natural resources with a
progressive minimization of waste in both consumption and production processes through various policies and measures.
Resource Efficiency (RE) has emerged as one of the key strategies towards the 2030 Agenda of achieving the SDGs.
Current and Future Projections for India
The consumption of key natural resources by the major countries in
the year 2010 has been showcased aside.
India consumed 5 billion tonnes of biomass, fossil fuels, minerals and
metals in 2010 and was the third largest consumer after China (21.5
billion tonnes) and USA (6.1 billion tonnes).
It is projected that India’s demand for total material will more than
double by 2030 under the assumption of continued economic growth
of 8 per cent till 2030 and possible slowing down to 5 per cent
thereafter till 2050 and medium growth in population.
India would be requiring around 6.5 billion tonnes of minerals in
order to sustain the demand of growing population
Air Pollution
• Air pollution is one of the biggest global
environmental challenges of today.
• Government is executing National Air Quality
Monitoring Programme (NAMP) covering 312
cities/towns in 29 states and 6 Union Territories
of the country.
• Under NAMP, four major air pollutants viz.
Sulphur Dioxide (SO2), Oxides of Nitrogen as
NO2, Suspended Particulate Matter (PM10) and
Fine Particulate Matter (PM2.5) have been
identified for regular monitoring at all the
locations.
Major Government Initiatives
To tackle the increasing air pollution problem across the country in a comprehensive manner, a number of initiatives have
been launched.
National Ambient Air Quality Standards (NAAQS) are the standards for ambient air quality with reference to various
identified pollutant notified by the CPCB under the Air (Prevention and Control of Pollution) Act, 1981
Objective of NAAQS
1.To indicate necessary air quality levels and appropriate margins required to ensure the protection of vegetation, health
and property
2.To provide a uniform yardstick for assessment of air quality at the national level
Air Quality Index (AQI) is a tool for effective communication of air quality status to people in terms, which are easy to
understand. It transforms complex air quality data of various pollutants into a single number (index value), nomenclature
and colour.
Contd…
CPCB has issued a comprehensive set of directions under section 18 (1) (b) of Air (Prevention and Control of
Pollution) Act, 1986 for implementation of forty-two measures to mitigate air pollution in major cities
including Delhi and National Capital Region (NCR)
This is to counter air pollution which include control and mitigation measures related to vehicular emissions,
re-suspension of road dust and other fugitive emissions, bio-mass/municipal solid waste burning, industrial
pollution, construction and demolition activities and other general steps.
The Government has notified a Graded Response Action Plan for Delhi and NCR, which comprises of the
graded measures for each source framed according to the AQI categories.
In order to address the increasing air pollution across the country in a comprehensive manner, Ministry of
Environment, Forest & Climate Change has launched New car assessment Program in 2019 as a pan India time
bound national level strategy.
Development in the Sustainable Finance Arena
Real Estate Investment Trusts (REITs) and Infrastructure Investment Trusts (InvITs) can be
leveraged for transfer of green and sustainable assets such as energy efficient buildings,
renewable power projects, mass transportation systems, etc. to the institutional investors.
Banks and financial institutions may securitize the future cash flows emanating from their
existing set of assets, thereby selling such securitized debt instruments to the investors
including institutional investors.
SEBI has provided a regulatory environment for issuance of green bonds in May 2017, the
fruits of which are reflected in the cumulative issuance of green bonds in India.
International Solar Alliance (ISA)
ISA is the first treaty-based International Intergovernmental Organization
launched by India and France on 30 November, 2015 in Paris and entered into
force on 6 December, 2017.
As on June 2019, 75 countries have signed and out of which, 52 countries
have ratified the ISA Framework Agreement.
The first Assembly of the ISA was convened on October 3, 2018. ISA’s motto
is, “let us together make the sun brighter”.
ISA has been working with various financial institutions for scaling up
financing, lowering the cost of capital, and designing innovative financial
instruments to accelerate the massive deployment of solar energy.
A task force was constituted to design a common Risk Mitigation Mechanism
to reduce risks and financial cost of solar projects.
The ISA is also working with the European Investment Bank and the EU
Commission to launch an off-grid fund, initially for four Asian member
countries of the ISA, to rapidly scale up to Africa and Latin America.
Way Forward
India has been progressing rapidly towards achieving the SDGs. India’s progress in achieving SDG 10 (Reduced
Inequality) and SDG 15 (Life on Land) has been impressive.
However, there has been a wide variation in the way different states have performed. It is important that in the race
towards SDGs no State is left behind.
At the global level, given the myriad developmental challenges faced by the developing economies, lack of adequate
resources is a major challenge in achieving the SDGs and international cooperation is essential in achieving these
goals.
The developing countries like India will endeavor to do the best possible within their own domestic resources,
keeping in mind the sustainable development imperatives.
It is time for the global community to exhibit the requisite momentum to act upon their responsibilities on
establishing the enabling environment for climate action.
Thank You
DVS Advisors LLP
India-Singapore-London-Dubai-Malaysia-Africa
www.dvsca.com
Copyrights © 2019 DVS Advisors LLP

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Sustainable Development and Climate Change

  • 1. Sustainable Development and Climate Change CA. Divakar Vijayasarathy DVS Advisors LLP India-Singapore-London-Dubai-Malaysia-Africa www.dvsca.com
  • 3. Presentation Schema Introduction ACHIEVING THE SDGs GANGA THE LIFELINE OF INDIA MAJOR COMPONENTS OF NAMAMI GANGE MISSION RESOURCE EFFICIENCY CURRENT AND FUTURE PROJECTIONS FOR INDIA AIR POLLUTION MAJOR GOVERNMENT INITIATIVES DEVELOPMENT IN SUSTAINABLE FINANCE ARENA INTERNATIONAL SOLAR ALLIANCE (ISA) WAY FORWARD
  • 4. Introduction The Sustainable Development Goals (SDGs) adopted by World leaders in 2015 presents a roadmap for future development trajectory to all nations. The achievement of these goals is an imperative for, not just, any particular country but the global community as a whole. In India increasing growth rate and rapid urbanization have spurred the demand for natural resources, exerting pressures on the environment and raising sustainability concerns. Hence there is tremendous need for using the resources without depleting it for the fore coming generations.
  • 5. Achieving the SDGs Sustainable development requires every nation to prioritize their targets and carefully implement various schemes/programmes. Current flagship policies and programmes of Government of India such as Swachh Bharat Mission (SBM), Beti Bachao Beti Padhao (BBBP), Pradhan Mantri Awas Yojana (PMAY), etc have substantially contributed to India’s progress in this regard. This SDG index provides an aggregate assessment of India’s progress. This index helps in informed policy formulations as it captures status of both national and state-level social, economic, and environmental parameters across a set of 62 select indicators.
  • 6. Contd Kerala and Himachal Pradesh are the front runners amongst all the states with a score of 69. Tamil Nadu is also progressing very fast. Among the UTs, Chandigarh and Puducherry are the front runners with a score of 68 and 65 respectively Kerala’s good performance is attributable to the provision of good health, reducing hunger, achieving gender equality and providing quality education. Himachal Pradesh has performed well on providing clean water and sanitation along with reducing inequalities and preserving mountain ecosystem. Chandigarh, among other UTs, has performed well in providing clean water and sanitation along with affordable clean energy and quality education.
  • 7. Ganga – The Lifeline of India A key policy priority of the Government towards achieving the SDG 6 (Ensure availability and sustainable management of water and sanitation for all) has been the cleanliness of mighty River Ganga through Namami Gange Mission. The mission was launched as a priority programme with a budget outlay of Rs.20,000 crore for the period 2015- 2020. During the period 2014-15 to 2018-19, a total amount of Rs. 6,106.25 crore has been spent on the programme indicating a substantial jump over earlier similar programmes
  • 8. Major Components of Namami Gange Mission Rural Sanitation Sewerage Project Management River as Public Space Water Quality Industrial Pollution Sewerage Infrastructure Urban Sanitation Ecosystem Conservation Water Use Efficiency Clean Ganga Fund Urban River Management
  • 9. Resource Efficiency Iceland and United Kingdom have focused on reducing the use of primary raw materials and impact of material extraction respectively in the stage of ‘Extraction of Raw Materials’. Around the world, several countries have introduced various policies specific to the different stages of material life cycle. This would further diminish greenhouse gas (GHG) emissions by an additional 15 to 20 per cent and deliver annual economic benefits of US$2 trillion globally by 2050 relative to existing trends. The International Resource Panel estimated that efficient resource policies in G7 countries could reduce the global use of natural resource by 28 per cent A resource efficient development approach essentially means a transition of the management of natural resources with a progressive minimization of waste in both consumption and production processes through various policies and measures. Resource Efficiency (RE) has emerged as one of the key strategies towards the 2030 Agenda of achieving the SDGs.
  • 10. Current and Future Projections for India The consumption of key natural resources by the major countries in the year 2010 has been showcased aside. India consumed 5 billion tonnes of biomass, fossil fuels, minerals and metals in 2010 and was the third largest consumer after China (21.5 billion tonnes) and USA (6.1 billion tonnes). It is projected that India’s demand for total material will more than double by 2030 under the assumption of continued economic growth of 8 per cent till 2030 and possible slowing down to 5 per cent thereafter till 2050 and medium growth in population. India would be requiring around 6.5 billion tonnes of minerals in order to sustain the demand of growing population
  • 11. Air Pollution • Air pollution is one of the biggest global environmental challenges of today. • Government is executing National Air Quality Monitoring Programme (NAMP) covering 312 cities/towns in 29 states and 6 Union Territories of the country. • Under NAMP, four major air pollutants viz. Sulphur Dioxide (SO2), Oxides of Nitrogen as NO2, Suspended Particulate Matter (PM10) and Fine Particulate Matter (PM2.5) have been identified for regular monitoring at all the locations.
  • 12. Major Government Initiatives To tackle the increasing air pollution problem across the country in a comprehensive manner, a number of initiatives have been launched. National Ambient Air Quality Standards (NAAQS) are the standards for ambient air quality with reference to various identified pollutant notified by the CPCB under the Air (Prevention and Control of Pollution) Act, 1981 Objective of NAAQS 1.To indicate necessary air quality levels and appropriate margins required to ensure the protection of vegetation, health and property 2.To provide a uniform yardstick for assessment of air quality at the national level Air Quality Index (AQI) is a tool for effective communication of air quality status to people in terms, which are easy to understand. It transforms complex air quality data of various pollutants into a single number (index value), nomenclature and colour.
  • 13. Contd… CPCB has issued a comprehensive set of directions under section 18 (1) (b) of Air (Prevention and Control of Pollution) Act, 1986 for implementation of forty-two measures to mitigate air pollution in major cities including Delhi and National Capital Region (NCR) This is to counter air pollution which include control and mitigation measures related to vehicular emissions, re-suspension of road dust and other fugitive emissions, bio-mass/municipal solid waste burning, industrial pollution, construction and demolition activities and other general steps. The Government has notified a Graded Response Action Plan for Delhi and NCR, which comprises of the graded measures for each source framed according to the AQI categories. In order to address the increasing air pollution across the country in a comprehensive manner, Ministry of Environment, Forest & Climate Change has launched New car assessment Program in 2019 as a pan India time bound national level strategy.
  • 14. Development in the Sustainable Finance Arena Real Estate Investment Trusts (REITs) and Infrastructure Investment Trusts (InvITs) can be leveraged for transfer of green and sustainable assets such as energy efficient buildings, renewable power projects, mass transportation systems, etc. to the institutional investors. Banks and financial institutions may securitize the future cash flows emanating from their existing set of assets, thereby selling such securitized debt instruments to the investors including institutional investors. SEBI has provided a regulatory environment for issuance of green bonds in May 2017, the fruits of which are reflected in the cumulative issuance of green bonds in India.
  • 15. International Solar Alliance (ISA) ISA is the first treaty-based International Intergovernmental Organization launched by India and France on 30 November, 2015 in Paris and entered into force on 6 December, 2017. As on June 2019, 75 countries have signed and out of which, 52 countries have ratified the ISA Framework Agreement. The first Assembly of the ISA was convened on October 3, 2018. ISA’s motto is, “let us together make the sun brighter”. ISA has been working with various financial institutions for scaling up financing, lowering the cost of capital, and designing innovative financial instruments to accelerate the massive deployment of solar energy. A task force was constituted to design a common Risk Mitigation Mechanism to reduce risks and financial cost of solar projects. The ISA is also working with the European Investment Bank and the EU Commission to launch an off-grid fund, initially for four Asian member countries of the ISA, to rapidly scale up to Africa and Latin America.
  • 16. Way Forward India has been progressing rapidly towards achieving the SDGs. India’s progress in achieving SDG 10 (Reduced Inequality) and SDG 15 (Life on Land) has been impressive. However, there has been a wide variation in the way different states have performed. It is important that in the race towards SDGs no State is left behind. At the global level, given the myriad developmental challenges faced by the developing economies, lack of adequate resources is a major challenge in achieving the SDGs and international cooperation is essential in achieving these goals. The developing countries like India will endeavor to do the best possible within their own domestic resources, keeping in mind the sustainable development imperatives. It is time for the global community to exhibit the requisite momentum to act upon their responsibilities on establishing the enabling environment for climate action.
  • 17. Thank You DVS Advisors LLP India-Singapore-London-Dubai-Malaysia-Africa www.dvsca.com Copyrights © 2019 DVS Advisors LLP