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)

Next Story
Resources

RentenPe and Mygate Partner to Transform Rent Payments in India

Through a strategic partnership, RentenPe and Mygate aim to streamline rent payments and promote financial inclusion by enabling rent-based credit scores for Indian renters. RentenPe, India’s first Rent Credit Score™ platform and a pioneer in rental fintech innovation, has entered a significant alliance with Mygate, the leading community management app in the country. This partnership will transform rent transactions for millions of Indian households by embedding RentenPe’s payment and rent credit scoring technology directly within the Mygate app. With this integration, all ren..

Next Story
Real Estate

Supreme Unveils New Brand Identity to Elevate Lifestyle

Supreme, a respected name in Indian real estate with a four-decade legacy, has announced a complete rebranding. The move includes the launch of a new logo and a revamped website, both reflecting the group’s refreshed vision to ‘Elevate Lifestyle’. This brand transformation represents more than a visual refresh—it marks a strategic shift in the company’s mission, visual identity and market positioning. The update will be visible across all of Supreme’s digital, social and offline communication platforms. At the core of the initiative is a renewed focus on purposeful design..

Next Story
Infrastructure Urban

Capri Loans Launches #TarrakiKeHaath Campaign Honouring India’s Everyday Heroes

Capri Global Capital Ltd (Capri Loans), a leading non-banking financial company, has unveiled its latest brand campaign, #TarrakiKeHaath, a powerful tribute to the everyday hands that build India — from kirana store owners and taxi drivers to dhaba workers, tailors, and carpenters. Narrated by Capri Loans’ long-standing brand ambassador and acclaimed actor Pankaj Tripathi, the campaign celebrates the dignity, resilience, and aspirations of self-employed individuals and small business owners who form the backbone of Bharat’s economy. Conceptualized by Rediffusion Brand Solutions, the..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?