🚜🌾 PolicyGovernance & ClimateResilience: Can India Protect Its Farmers from an Uncertain Future? 🌦️🔥💰
A farmer’s success depends on the sky, but survival now depends on policy.
India’s agriculture sector, contributing 18% of GDP & employing 43% of the workforce, is facing climate volatility & policy gaps that threaten both farm incomes & national food security.
🌡️ Climate Impact: Why Farmers Are at Risk?
✔️ Heatwaves & Crop Failures: India saw 273 heatwave days in 2023, reducing wheat yields by 15% in major agricultural belts. (IMD, 2024)
✔️ Monsoon Irregularities: 12 states recorded deficient rainfall in 2023, leading to 20% lower kharif crop production. (MoAFW, 2024)
✔️ Debt Crisis & Migration: Farm loan defaults may rise by 30% by 2030, forcing 7M+ rural workers to migrate annually. (RBI, 2024; World Bank, 2024)
✔️ Insurance Gaps: Only 34% of farmers are insured under PMFBY, leaving millions exposed to climate-related crop losses. (NITI Aayog, 2024)
📌 RealityCheck: Can policy reforms keep pace with climate shocks?
💰 Economic Fallout: Food Prices, Farmer Distress & Rural Unrest
✔️ Food Inflation: Wheat prices surged 24% & onion prices by 60% in 2023 due to supply chain disruptions. (MoAFW, 2024)
✔️ Declining Farm Incomes: The average farmer earns ₹10,218 ($123) per month, while input costs keep rising. (NSO, 2024)
✔️ Rural Finance Gaps: India’s agri-credit disbursement was ₹18 lakh crore ($216B) in 2023, but small farmers struggle to access formal finance. (RBI, 2024)
✔️ Climate-Induced Farmer Suicides: Over 10,800 farmer suicides were reported in 2023, linked to crop failures & mounting debt. (NCRB, 2024)
📌 RealityCheck: Without stronger governance, rural distress will fuel inflation, unemployment & food shortages.
📜 Governance Gaps: Where Policy Needs Urgent Reform
🔹 Ineffective Crop Insurance: Expanding PMFBY coverage to 70% can protect farmers from weather shocks. (NABARD, 2024)
🔹 Delayed Compensation & Relief Funds: Farmers wait 6-12 months for compensation payouts, leading to financial ruin. (CAG Report, 2024)
🔹 Lack of Climate-Adaptive Infrastructure: Only 45% of farms have irrigation coverage, making them overdependent on erratic monsoons. (MoWR, 2024)
🔹 No Long-Term Climate Resilience Strategy: India lacks a national roadmap for climate-proofing agriculture, unlike the EU & US. (WEF, 2024)
📌 RealityCheck: Strong governance must replace temporary relief measures to secure India’s food future.
🏆 KeyTakeaway: India’s Food Security Hinges on Policy & Climate Action
📌 ClimateResilientFarming could be India’s best bet for sustainable agriculture.
📌 PolicyReforms should be designed for long-term farmer protection, not just crisis management.
📌 StrongGovernance would be the game-changer in bridging the gap between food security & farmer welfare.
Originally published on LinkedIn on 2025-02-24 06:32:13: https://www.linkedin.com/feed/update/urn%3Ali%3AgroupPost%3A81198-7299677483526688768
Carbon Credits: Making a ‘Change’ in the Climate of World Finance! But still is not enough to manage the Climate Crisis with sever temperature rising across the world.
NamasteIndia The SummerOF2024 is coming with an increase in heatwave days, with temperatures reaching up to 38°C in several cities and expected to cross 40°C. The IndiaMeteorologicalDepartment (IMD) predicted most states would witness above-normal temperatures from June!
Despite it still being the start of summer Delhi is getting scorching hot at times touching 45oC. Hundreds of millions of people across India are already facing scorching hot temperatures. Severe heatwaves at the beginning of May was blamed for deaths across the vast region. Schools were forced to close weeks ahead of summer vacations, and new crops withered in parched farmland.
Countries with CarbonPricing mechanismsgenerated a record $104 billion in revenues last year.
Over 50% of the funds were directed towards climate and nature-related programs.
CarbonPricing implemented through CarbonTaxes or EYS ie emissions trading systems , is critical for reducing emissions and fostering low-emission growth.
Despite this achievement, current carbon taxes and ETS are insufficient to meet the ParisAgreement’s climate goals.
24% of global emissions are covered by some form of carbon pricing, but less than 1% are subject to prices high enough to limit temperature increases to below 2°C.
The High-Level Commission on Carbon Prices recommended carbon prices be in the $50-100 per ton range by 2030. Adjusted for inflation, this range is now $63-127 per ton.
The WorldBank emphasizes the need for increased coverage and higher pricing to drive significant climate action.
Source / shared link: https://carboncredits.com/carbon-pricing-revenues-hit-record-104b-in-2023-world-bank/
Originally published on LinkedIn on 2024-05-24 12:24:07: https://www.linkedin.com/feed/update/urn%3Ali%3AgroupPost%3A3300043-7199746989511614464
Carbon Credits: Making a ‘Change’ in the Climate of World Finance! But still is not enough to manage the Climate Crisis with sever temperature rising across the world.
NamasteIndia The SummerOF2024 is coming with an increase in heatwave days, with temperatures reaching up to 38°C in several cities and expected to cross 40°C. The IndiaMeteorologicalDepartment (IMD) predicted most states would witness above-normal temperatures from May to June!
Despite it still being the start of summer Delhi is getting scorching hot at times touching 45oC. Hundreds of millions of people across India are already facing scorching hot temperatures. Severe heatwaves at the beginning of May were blamed for deaths across the vast region. Schools were forced to close weeks ahead of summer vacations, and new crops withered in parched farmland.
Countries with CarbonPricing mechanismsgenerated a record $104 billion in revenues last year.
Over 50% of the funds were directed towards climate and nature-related programs.
CarbonPricing implemented through CarbonTaxes or EYS ie emissions trading systems , is critical for reducing emissions and fostering low-emission growth.
Despite this achievement, current carbon taxes and ETS are insufficient to meet the ParisAgreement’s climate goals.
24% of global emissions are covered by some form of carbon pricing, but less than 1% are subject to prices high enough to limit temperature increases to below 2°C.
The High-Level Commission on Carbon Prices recommended carbon prices be in the $50-100 per ton range by 2030. Adjusted for inflation, this range is now $63-127 per ton.
The WorldBank emphasizes the need for increased coverage and higher pricing to drive significant climate action.
Source / shared link: https://carboncredits.com/carbon-pricing-revenues-hit-record-104b-in-2023-world-bank/
Originally published on LinkedIn on 2024-05-24 12:23:50: https://www.linkedin.com/feed/update/urn%3Ali%3Ashare%3A7199746919676456963
