pollutant must invariably pay for the pollution caused and every should financially support the efforts of climate change management
Climate Change (CC) is universal concern. One of the causes for CC is degradation of forest. World over every minute 22 hectares forest is degraded. Reckonings suggests that US$ 11880, funds must be invested every minute to restore the forest.
In India Atmospheric pollution has severed in 90’s because of increased automobiles and electronic goods. Green car congress reported level of NO2 concentration in Delhi ranged 70 - 102 microgram per cm, in 2005. It is argued that the consumers are capable of meeting part of cost of CC mitigation. Recent survey in India shows that 40% of sample preferred to compensate through tax on petroleum products, 22 % in investing in forestry bonds, 57% favored compulsory investment in bonds. Awareness rate about climate change was 92%, and 88% favored both technology transitions and economic sanctions for mitigating CC. Evolving innovative financing instruments and mechanisms to finance forest restoration and mitigating CC is important.
Timber was considered important contribution of forests, as 2% GDP comes to exchequer. NTFPs now considered equally important for forest restoration as 25 – 55% of forest living people survival comes from NTFPs. Forests have innovative financial instruments like Eco-tourism, to finance forest restoration. Self reliance apart from the government funding and the private funding. Mobilisation of savings, bank finance, creating/strengthening global carbon fund effectively and financing the substitute sectors are important for restoration of ecological integration and productivity and economic value of deforested or degraded land. Objectives of paper are: a) to assess level and impact of forest degradation and forest restoration in India, b) to translate carbon pollution level into mitigating CC, b) awareness level of CC in NCR c) measure willingness of consumers to compensate for CC, and d) evolve innovative financial instruments and mechanisms to finance sustainable forest restoration in India.
Is this proposal for a practice or a project?
What actions do you propose?
charge commesurately the pollutants
reward ecofriendly activities
encourage investment in afforestation and tree plantation
green taxes must be levieved
provide incentive to the tree saver and protector
Who will take these actions?
Government through impositions / policies
regulators through sanctions
rope NGOs in to action
Where will these actions be taken?
all over world especially in India
In addition, specify the country or countries where these actions will be taken.
What impact will these actions have on greenhouse gas emissions and/or adapting to climate change?
financial resources for climate change projects and activities, mitigation of climate change
What are other key benefits?
What are the proposal’s projected costs?
in next five years
About the author(s)
He has Ph.D. in Marketing of Financial services from the University of Pune, Pune., M.B.A. in Marketing from North Maharashtra University, Jalgaon and M.com., with Advanced Accounting and Costing, from the University of Pune, Pune. . He has total 22 years teaching, research, training, administrative and consultancy experience.
He taught various Management and Accounting subjects to MBA and other post graduate and Ph.D level, programmes for last 22 years,
He has published more than 40 papers/articles in national and international journals and international conference proceedings publications.
International Exposure: He extensively travelled all over world and visited 30 countries including Europe, Australia, North America, South America, Africa and Asia for delivering various sponsored academic assignments like paper presentations, training and consultancy.
Conducted many training programs for various Government Departments officers including IFS, IAS, IDAS, IA&AS, ICAS, IRAS, IRS, IES, IPoS, IP&TAS, officers and various state civil services Group A officers, and also Executives of NGOs, & SHGs office bearers.
He completed many research projects focused on Microfinance, Financial Inclusion, NTFPs, Forestry, and Poverty, funded by various agencies including UNESCO. 2 projects works is in progress
has completed nine consultancy assignments worth Rs. one crore, including a couple of consultancy assignments for World Bank Assisted Forestry Projects in India, Reputed Central Public Sector Undertakings WAPCOS Ltd, Gurgaon, NSTFDC, New Delhi, Custodian of Enemy Properties, under Ministry of Home affairs, GoI,
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