Unconditional rumination

Well, to make the job easy for those who are in a state of unconditional rumination against the fact that there’s money to be earned in the whole greening process, the world is already making billions out of it. First of all, a look at the most ancient tool of investment in global warming – carbon credits (see National Finance story ‘If you have it, flaunt it’ for description) – shows that the value of the carbon credit market reached a jaw-dropping $21.5 billion for the first three quarters of 2006 (till October), dwarfing $11.5 billion for the whole of the previous year. Funds fl owing into carbon funds have also shown a considerable appreciation. According to New Carbon Finance, the amount of money fl owing into carbon funds has reached a towering $11.8 billion (cumulative) by the end of the first quarter of 2007. Secondly, even the growth of investments over the past decade or so done in the name of ‘social responsibility’ is quite promising.

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Source : IIPM Editorial, 2007

An IIPM and Professor Arindam Chaudhuri (Renowned Management Guru and Economist) Initiative

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Gore's award-winning documentary

Gore’s award-winning documentary, An Inconvenient Truth, ensured that not only were the ill-effects of global warming documented intellectually for the common man to see across nations, but also that reams after reams of utterly confusing statistics got converted to simple, concise, and very much understandable presentations. When we questioned him on the way forward to tackle this global conundrum, Al Gore’s belief in democracy came out definitely resolute. Commenting exclusively to B&E, Gore mentions with a definite edge, “We are facing so many long-term challenges; from the climate crisis & the war in Iraq to healthcare & social welfare. To solve these problems and move forward, we need to reverse the damage done to our democracy. We have little time to waste.” Truly, there’s little time to waste! And that’s from the man whom Americans voted to be their Vice-President! Twice!

For Complete IIPM Article, Click on IIPM Article

Source : IIPM Editorial, 2007

An IIPM and Professor Arindam Chaudhuri (Renowned Management Guru and Economist) Initiative

Read More Article:-
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Mercury
Slow and steady...
High potential real estate sector
Business Park
An avant-garde Architect’s Alcazar
Successfully supplemented

California calling . . .

One would wonder what is a link between muscles & environment, well there is. Ask the governor of California, Arnold Schwarzenegger. Without a doubt, California is leading the way in tackling the problems of energy conservation, environmental science & global warming. California has developed innovative & substantial programs for environmental preservation. For starters, California is the only state in the entire US with a flattening per capita electricity usage. They passed AB32 with a commitment to roll back greenhouse gases to 1990 levels by 2020 and a whopping 80% below by 2050. For this the state has initiated new carbon emissions standards, green building initiative, ocean action plan, hydrogen highway et al. They have more coming on board such as Arizona, New Mexico, Oregon & Washington. A few more schemes’ include “Green Building Initiative,” and the accompanying Green Building Action Plan, wherein the governor calls for public buildings to be 20% more energy efficient by 2015 and encourages the private sector to do the same. Welcome to the new age California!

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Source : IIPM Editorial, 2007

An IIPM and Professor Arindam Chaudhuri (Renowned Management Guru and Economist) Initiative

Distress call!

Contain marine pollution
A recently published report of the UN Environment Program (UNEP) states that a stupendous 2/3rd of the sediments flow into the oceans is attributable to South & East Asia. A similar report by the Department of Global Ecology of Carnegie Institution at the Stanford University states that around 25% of the annual consumption of fertilizers (present consumption estimated over 30 million tonnes), pesticides (more than 90,000 metric tones annually) and synthetic detergents (more than 1 lakh tonnes) finds recourse to sea water, having serious ramification for the future. That report further states that the total volume of annual discharge, only from Bombay & Calcutta, are to the tune of 365 MT and 350 MT, respectively. Add to this the much ambitious Sethusamudram Project – linking Palk Bay with the Gulf of Mannar – is expected to create major disturbance in the region’s marine life (flora and fauna in the region is constituted of 3,500 species).

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Source : IIPM Editorial, 2007

An IIPM and Professor Arindam Chaudhuri (Renowned Management Guru and Economist) Initiative

Platinum & Gold

Still we are only collecting a 5% to 7% of total eWaste generation,” says Subash Warrier, Manager, Environment, Health & Safety of Chennai-based Trishyiraya Recycling India Private Limited, adding, “We have been off erring eWaste collection since 1999 even from houses, but till today we have not been able to collect even a single pack!” Many local scrap dealers use the waste to extract precious metals like aluminium, platinum & gold that are present in various electronic goods.

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Source : IIPM Editorial, 2007

An IIPM and Professor Arindam Chaudhuri (Renowned Management Guru and Economist) Initiative

Apple's so called take back

Hold on before you believe the report. The fact is that Apple’s so called take back recycling programme is only available in the US. This automatically makes all the other countries (where Apple sells its products) a dumping ground for Apple’s other products (which will become tomorrow’s e-waste). Whatever might be Steve Jobs’s proclamation, the industry and the consumers are waiting for the first ‘green product’ from Apple. Only then can it score like an average student!

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Source : IIPM Editorial, 2007

An IIPM and Professor Arindam Chaudhuri (Renowned Management Guru and Economist) Initiative

Cultivable lands

So protecting cultivable lands and educating farmers with latest technologies is strengthening ITC’s agri-base and by exporting such products, the company has earned Rs.7 billion in 2005-06. And to proliferate more such production, it’s even resorting to new fields. “Without disturbing the ecological harmony, this will increase economical condition of these villages and at the same time the villagers will know that ITC is doing good for them,” feels B.K. Sharma, Team Leader of Foundation for Ecological Security, one of the NGO that’s working with ITC in these districts.

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Source : IIPM Editorial, 2007

An IIPM and Professor Arindam Chaudhuri (Renowned Management Guru and Economist) Initiative

Market share figures

Well, if you look at market share figures released by IDC India, ‘mayhem’ is not exactly the word. Lenovo, in fact only did retain its third position with a market share of 9% for the client PC segment (desktops & notebooks in terms of shipments) in calendar year 2007, as was the case in 2006. Market leader HP, on the other hand, managed the growth ‘faster than the market’ benchmark well, as its market share grew from 18% to 21% for calendar year 2007. And in the all important notebook PC market as well (which is doubling year on year in India), Lenovo (market share of 17% at number 2 position) remains a far cry from the leader HP, which gobbled up a massive 38% share in 2006. And this is besides HP’s unrivalled dominance over the printer segment. With such a powerful adversary to contend with, does Lenovo even stand a chance to topple the number one? What makes the company so confident of its chances?

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Source : IIPM Editorial, 2007

An IIPM and Professor Arindam Chaudhuri (Renowned Management Guru and Economist) Initiative

Own Boss

True, you will become your own boss. But for months and even years, that choice will mean less freedom and fl exibility for you, not more. You won’t control your own life; your new business will do that for you. After all, when you only have two customers, you don’t tell them you can’t meet Monday at 5 pm. You smile when they show up three hours later. In your heart, you may be flying free, but in the trenches, you’ll still be taking orders – just from a new set of bosses. Another bit of wishful thinking is something you don’t mention, but is common too – it purports that entrepreneurship bestows financial independence. If only! Unless you’ve built up a pile of savings, no one is more “owned” than the founder of a start up. We recently met an entrepreneur whose venture was stalled because she was loath to give more equity to private investors or venture capitalists.

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Source : IIPM Editorial, 2007

An IIPM and Professor Arindam Chaudhuri (Renowned Management Guru and Economist) Initiative

Turbine company

Yet, the bulls and bears on the street talk as much about Tanti as his neighbours in Pune do. And why not? On May 24, 2007, when Suzlon announced the acquisition of REpower, the German wind turbine company in a $1.33 billion deal, the scrip was hovering around Rs.1150 on the floor. Within a week, the share price had zoomed to hover around Rs.1300. Clearly, Tanti is the latest darling of the bulls in Dalal Street. Tanti explains why the REpower acquisition has lit up so many fires in the market, “Integration with REpower will push Suzlon to the fourth-third spot globally by 2008. It will push our revenues from Europe to over 50%. We have been acquiring fast to expand and will continue to look for opportunities.” Europe is the largest market for wind energy and Suzlon now becomes the fourth ranked wind energy and turbine company in the world.

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Source : IIPM Editorial, 2007

An IIPM and Professor Arindam Chaudhuri (Renowned Management Guru and Economist) Initiative