IGSD and NCAER partner to assess effects of Arctic ice melt on India
ECONOMY & POLICY

IGSD and NCAER partner to assess effects of Arctic ice melt on India

The Institute for Governance & Sustainable Development (IGSD) and the National Council of Applied Economic Research (NCAER) have launched a joint initiative to assess the economic repercussions of Arctic ice melt on India. This collaboration aims to understand how the loss of sea ice in the Arctic could affect India's monsoon patterns and agricultural productivity.

The project will also explore the broader implications of the Northern Sea Route on global trade and the Indian economy. Research from IGSD suggests that reducing methane emissions by 45% by 2030 could significantly lessen both global and Arctic warming by the 2040s.

The partnership will use a detailed Computable General Equilibrium (CGE) model to estimate potential disruptions to agriculture, food security, and infrastructure caused by changes in monsoon patterns. Additionally, a global trade model (GTAP) will analyse the economic impact of the Northern Sea Route, considering the effects of Arctic sea ice loss and its contribution to global warming.

Durwood Zaelke, President, IGSD, highlighted the strategic significance of this research. "Our goal is to provide policymakers with essential data to make informed decisions that safeguard both the environment and the economy," he said.

Zerin Osho, Director-India Program, IGSD, emphasised the importance of these findings for India's foreign policy and strategic interests in the Arctic. "This research will support India's strategic positioning and contribute to its leadership in the Global South," Osho added.

Sanjib Pohit, Professor, NCAER, noted the link between India's economic stability and climate patterns. "This collaboration will help develop robust models to anticipate and address the adverse effects of climate change, particularly those resulting from Arctic ice melt, on our agriculture and economy," Pohit said.

(ET)

The Institute for Governance & Sustainable Development (IGSD) and the National Council of Applied Economic Research (NCAER) have launched a joint initiative to assess the economic repercussions of Arctic ice melt on India. This collaboration aims to understand how the loss of sea ice in the Arctic could affect India's monsoon patterns and agricultural productivity. The project will also explore the broader implications of the Northern Sea Route on global trade and the Indian economy. Research from IGSD suggests that reducing methane emissions by 45% by 2030 could significantly lessen both global and Arctic warming by the 2040s. The partnership will use a detailed Computable General Equilibrium (CGE) model to estimate potential disruptions to agriculture, food security, and infrastructure caused by changes in monsoon patterns. Additionally, a global trade model (GTAP) will analyse the economic impact of the Northern Sea Route, considering the effects of Arctic sea ice loss and its contribution to global warming. Durwood Zaelke, President, IGSD, highlighted the strategic significance of this research. Our goal is to provide policymakers with essential data to make informed decisions that safeguard both the environment and the economy, he said. Zerin Osho, Director-India Program, IGSD, emphasised the importance of these findings for India's foreign policy and strategic interests in the Arctic. This research will support India's strategic positioning and contribute to its leadership in the Global South, Osho added. Sanjib Pohit, Professor, NCAER, noted the link between India's economic stability and climate patterns. This collaboration will help develop robust models to anticipate and address the adverse effects of climate change, particularly those resulting from Arctic ice melt, on our agriculture and economy, Pohit said. (ET)

Related Stories

Gold Stories

Next Story
Products

Koemmerling opens Navi Mumbai experience centre

Koemmerling, a brand of the profine Group, has expanded its presence in the Mumbai metropolitan region with the opening of a new experience centre in Navi Mumbai and launched its Allure S46 minimal sliding door system for the Indian market.Located in CBD Belapur, the facility was inaugurated by Peter Mrosik, Owner and CEO, profine Group, along with Farid Khan, Chairman and Managing Director, profine India, and Kamal Bajaj, CEO, profine India.The company said the new centre will showcase its portfolio of uPVC and aluminium window and door systems to architects, developers and homeowners.The ina..

Next Story
Products

India's waterproofing market nears Rs 150 bn milestone

India's waterproofing industry is approaching a market size of Rs 150 billion and is expected to surpass the $2 billion milestone, according to speakers at the 2nd India International Waterproofers Conference & Expo 2026 organised by the Waterproofers Association of India (WAI) in New Delhi.The two-day event brought together more than 20 speakers, 55 international delegates and 53 exhibition booths, with discussions focusing on climate-resilient construction, advanced waterproofing technologies and international collaboration.Inaugurating the event, Durga Shanker Mishra, former Secretary, ..

Next Story
Real Estate

Dilip Buildcon Q1 FY27 Revenue at Rs 23.78 billion

Dilip Buildcon Limited reported consolidated revenue from operations of Rs 2,378 crore in Q1 FY27, along with EBITDA of Rs 429 crore and profit after tax of Rs 128 crore.Consolidated EBITDA margin stood at 18.1%, improving from 17.1% in Q4 FY26. On a standalone basis, revenue from operations was Rs 1,930 crore, EBITDA stood at Rs 199 crore and PAT was Rs 39 crore, with an EBITDA margin of 10.3%.The company’s order book stood at Rs 27,691 crore as of 30 June 2026, compared with Rs 28,830 crore as of 31 March 2026. Roads and highways accounted for 17.1% of the order book, irrigation and water ..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement