+
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
Infrastructure Urban

NABARD Holds Seminar on Vigilance, Integrity and Good Governance

National Bank for Agriculture and Rural Development (NABARD) organised a seminar on “Vigilance: Strengthening Integrity and Good Governance” on 25 August 2026 at its Head Office in Mumbai as part of the ongoing Vigilance Awareness Campaign 2026 being observed from 17 August to 16 November 2026, with the theme “Probity for Prosperity."" The seminar was graced by Suresh N Patel, Former Central Vigilance Commissioner, Government of India, as the chief guest and keynote speaker.  The programme was attended by G S Rawat, Deputy Managing Director, Dr Ajay K Sood, Deputy Managing Dire..

Next Story
Equipment

XCMG Unveils World's First 14,000-Ton Ring Crane for Heavy Lifting

XCMG has announced that the first main unit of the world's first 14,000-ton ring crane has rolled off the production line, marking a historic breakthrough in ultra-heavy lifting technology. Jointly developed by XCMG and Sinopec Heavy Lifting & Transportation Co., Ltd., the crane will be the largest-capacity ring crane ever built, setting a new benchmark for major construction projects worldwide.The crane features a modular configuration comprising two main units that work in tandem. The first main unit has completed final assembly and can independently perform lifting operations. Once both..

Next Story
Infrastructure Urban

Thriveni Logistics orders 200 tip trailers from Jagdamba trailers

Jagdamba Trailers (JTPL), one of India’s growing trailer manufacturers, has secured a significant order for 200 Tip Trailers from Thriveni Transport and Logistics Pvt. Ltd., a leading mining and logistics company serving operations across India and overseas.The order, placed for iron ore transportation, is a major milestone for JTPL, particularly as the company secured the business after competing with more than 10 established trailer manufacturers. It also strengthens an already successful relationship between the two companies. Approximately one and a half years ago, Thriveni Transport and..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code