03 September Economic Current Affairs 2024 | Economics Daily Current Affairs | Avinash Sir Ecoholics

"without which investment will not come into your country"

"the good investors big investors they will also be looking at Social and environmental returns so if you are a startup or if you are an organization then it is in your advantage going ahead to look at your social relevance to look at your environmental relevance and if you have that going for you then going ahead scaling up attract in investment getting an exit taking your firm to the market all of these things are going to be that much more easier if you are let's say aligned with ESG"

"otherwise that sector will not attract a lot of investment"

"Arun Sharma also believes that India can be a massive manufacturer and exporter of green ammonia"

"electrification is very important that will reduce Greenhouse emissions at least in our cities right so even if you are doing electrification with fossil fuel and then your entire set of automobiles are you know running on batteries Etc or electric vehicles kind of so your air pollution will significantly come down and as soon as your heavy duty trucks and heavy duty Vehicles they start moving to let's say green hydrogen then your Automotive pollution will further come down"

"if you are a bank in India or if you're an investor in India and you are giving money to establish a blast furnace for a steel operation so this Blast Furnace life that will be 60 years right but BL F it's going to be a waste of money why because blast F gram steel you will not be able to sell in Europe in 10 years because they are changing their laws and policies they are saying that no we need steel which is green steel we don't want black steel or dirty steel"

"if we if we can make regular financing Greener right then we can make sure that domestic institutional investors they are also understanding climate risks and the moment domestic institutional investors understand climate risks and the ecosystem is ready then imagine the kind of money that will flow into your country from Outsiders who will start respecting you much more"

"can these Pension funds and Sovereign wealth funds play a positive role in that I think that the answer is yes from obvious an academic side"

"earlier you may remember that we used to say that global warming .5 to 2° Centigrade above the pre-industrial average now we have started looking at 2.6 to 3° Centigrade so this 1.5 to 2° C is out of the window right and 2.6 to 3° C right now this is something which we need to be very very cautious about"