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AI Stocks: Tech Giants, Cloud Titans Face 'Show Me' Moment. Palantir Soars.The Indian economy has consistently showcased its robust growth over the past few decades. But higher economic growth is believed to have come with increasing environmental pressure, notably through higher greenhouse gas (GHG) emissions. However, India’s Economic Survey (2023-24) claims that India has decoupled its economic growth from GHG emissions, as between 2005 and 2019, India’s GDP grew at a compound annual growth rate (CAGR) of 7%, while emissions rose at a CAGR of just 4%. This raises a crucial question: has India really decoupled its economic growth from GHG emissions? And, what does this mean for sustainable development? What it means Decoupling refers to breaking the link between economic growth and environmental degradation. Historically, economic growth is found to be positively related with environmental degradation, as this growth is believed to be a driver of GHG emissions. However, with the growing climate crisis, the imperative to reduce emissions while ensuring continued economic growth has gained global traction. Decoupling has largely been classified into two types: absolute decoupling and relative decoupling. Absolute decoupling occurs when the economy grows, while emissions decrease. This is the ideal form of decoupling, where countries grow economically without increasing environmental harm. However, relative decoupling happens when both GDP and emissions grow, but the rate of GDP growth surpasses the rate of emissions growth. While this signifies progress, at the same time, it acknowledges that emissions continue to rise. Decoupling of economic growth and GHG emissions is important. On one hand, it offers a path to sustainable growth and development, a way for nations to grow and improve living standards without exacerbating climate change. On the other, it comes as a response to rising demand for degrowth and sparks the ongoing debate between green growth and degrowth. Proponents of green growth argue that it is possible to maintain or even increase economic growth while reducing environmental harm. In contrast, degrowth advocates suggest that economic growth itself is the primary driver of ecological degradation and should be curbed in favour of reducing resource consumption. But proponents of degrowth overlook the fact that countries, in addition to tackling rising GHG emissions and the climate change, are also required to tackle low standards of living, energy poverty and ensure a decent life, which could be taken care of through economic growth. The claim The claim of India’s decoupling made in the Economic Survey comes from comparing GDP and emissions growth rates between 2005 and 2019. The Survey does not specify whether this represents absolute or relative decoupling. Using various decoupling indicators discussed in OECD (2002), we examine the status of the economy-wide and sector-wise decoupling status for India. Since the 1990s, with significant trade liberalisation, India has been experiencing steady and stable economic growth. Hence, we are examining how GDP and emission generation are growing in India with respect to the levels of 1990. While there has been no absolute decoupling in India, since 1990, GDP in India has grown at a much higher pace than the GHG emissions in the country, indicating economy-wide relative decoupling. Since, the agriculture and manufacturing sectors are among the major contributors of emission generation in India, it is also important to understand whether these sectors have also achieved decoupling or not, which has been assessed by comparing rate of growth of GVA of the respective sector with the rate of growth of GHGs emitted by the sector. From 1990, India’s GDP has grown six-fold, while GHG emissions have only tripled. Efforts must continue From the data, it seems that India may have achieved relative decoupling, where emissions are still rising but at a slower pace than the economy. This achievement, while commendable, falls short of the ultimate goal of absolute decoupling, where economic growth can continue even as emissions fall. While most countries fall short of achieving absolute decoupling and still experience rising emissions as GDP increases, many countries have at least managed to achieve a declining rate of growth of emissions. Given that India is a developing country which has not even peaked its emissions yet, emissions are expected to increase with economic growth. Hence, achieving absolute decoupling is not going to happen anytime soon. While India’s relative decoupling is a step in the right direction, the path to absolute decoupling is still a long and complex journey. Efforts must still be taken and it will be a significant challenge. This remains a necessary target if India is to meet its long-term climate commitments. Policies and measures that support renewable energy, emission mitigation, and sustainable development will be crucial in ensuring that economic growth and environmental preservation can coexist, ensuring a prosperous and sustainable future for India. Badri Narayanan Gopalakrishnan is Visiting Senior Fellow, Centre for Social and Economic Progress (CSEP). Shifali Goyal is Research Associate, Centre for Social and Economic Progress (CSEP). The views expressed are personal Published - December 09, 2024 12:08 am IST Copy link Email Facebook Twitter Telegram LinkedIn WhatsApp Reddit Economic Survey / economy (general) / India / greenhouse gases / Sustainability / green technologies / climate change / agriculture / manufacturing and engineering / carbon emissions / Climate mitigation / environmental issues / development
After playoff chances slip away, Miami and Iowa State looking to regroup at Pop-Tarts Bowl
What does Big Tech hope to gain from warming up to Trump?Juan Soto gets free luxury suite and up to 4 premium tickets for home games in $765M Mets deal
NEW YORK (AP) — In a string of visits, dinners, calls, monetary pledges and social media overtures, big tech chiefs — including Apple’s Tim Cook, OpenAI’s Sam Altman, Meta’s Mark Zuckerberg and Amazon’s Jeff Bezos — have joined a parade of business and world leaders in trying to improve their standing with President-elect Donald Trump before he takes office in January. “The first term, everybody was fighting me,” Trump said in remarks at Mar-a-Lago . “In this term, everybody wants to be my friend.” Tech companies and leaders have now poured millions into his inauguration fund, a sharp increase — in most cases — from past pledges to incoming presidents. But what does the tech industry expect to gain out of their renewed relationships with Trump? Clearing the way for AI development A clue to what the industry is looking for came just days before the election when Microsoft executives — who’ve largely tried to show a neutral or bipartisan stance — joined with a close Trump ally, venture capitalist Marc Andreessen, to publish a blog post outlining their approach to artificial intelligence policy. “Regulation should be implemented only if its benefits outweigh its costs,” said the document signed by Andreessen, his business partner Ben Horowitz, Microsoft CEO Satya Nadella and the company’s president, Brad Smith. They also urged the government to back off on any attempt to strengthen copyright laws that would make it harder for companies to use publicly available data to train their AI systems. And they said, “the government should examine its procurement practices to enable more startups to sell technology to the government.” Trump has pledged to rescind President Joe Biden’s sweeping AI executive order, which sought to protect people’s rights and safety without stifling innovation. He hasn’t specified what he would do in its place, but his campaign said AI development should be “rooted in Free Speech and Human Flourishing.” Easier energy for data centers Trump’s choice to head the Interior Department, North Dakota Gov. Doug Burgum, has spoken openly about the need to boost electricity production to meet increased demand from data centers and artificial intelligence. “The AI battle affects everything from defense to healthcare to education to productivity as a country,′′ Burgum said on Nov. 15, referring to artificial intelligence. “And the AI that’s coming in the next 18 months is going to be revolutionary. So there’s just a sense of urgency and a sense of understanding in the Trump administration′′ to address it. Demand for data centers ballooned in recent years due to the rapid growth of cloud computing and artificial intelligence, and local governments are competing for lucrative deals with big tech companies. But as data centers begin to consume more resources, some residents are pushing back against the world’s most powerful corporations over concerns about the economic, social and environmental health of their communities. Changing the antitrust discussion “Maybe Big Tech should buy a copy of ‘The Art of The Deal’ to figure out how to best negotiate with this administration,” suggested Paul Swanson, an antitrust attorney for the law firm Holland & Hart. “I won’t be surprised if they find ways to reach some accommodations and we end up seeing more negotiated resolutions and consent decrees.” Although federal regulators began cracking down on Google and Facebook during Trump’s first term as president — and flourished under Biden — most experts expect his second administration to ease up on antitrust enforcement and be more receptive to business mergers. Google may benefit from Trump’s return after he made comments on the campaign trail suggesting a breakup of the company isn’t in the U.S. national interest, after a judge declared its search engine an illegal monopoly . But recent nominations put forward by his transition team have favored those who have been critical of Big Tech companies, suggesting Google won’t be entirely off the hook. Fending off the EU Cook’s notoriously rocky relationship with the EU can be traced back to a 2016 ruling from Brussels in a tax case targeting Apple. Cook slammed the bloc’s order for Apple to pay back up to $13.7 billion in Irish back taxes as “total political crap.” Trump, then in his first term as president, piled on, referring to the European Commissioner Margrethe Vestager, who was spearheading a campaign on special tax deals and a crackdown on Big Tech companies, as the “tax lady” who “really hates the U.S.” Brussels was eventually vindicated after the bloc’s top court rejected Apple’s appeal this year, though it didn’t stop Cook from calling Trump to complain, Trump recounted in a podcast in October. Trump hosted Cook for a Friday evening dinner at the president-elect’s Mar-a-Lago resort, according to a person familiar with the matter who was not authorized to comment publicly. Neither Apple nor the Trump transition team has commented on the nature of their discussions. Making amends? Altman , Amazon and Meta all pledged to donate $1 million each to Trump’s inaugural fund. During his first term, Trump criticized Amazon and railed against the political coverage at The Washington Post, which billionaire Bezos owns. Meanwhile, Bezos had criticized some of Trump’s past rhetoric. In 2019, Amazon also argued in a court case that Trump’s bias against the company harmed its chances of winning a $10 billion Pentagon contract. More recently, Bezos has struck a more conciliatory tone. He recently said at The New York Times’ DealBook Summit in New York that he was “optimistic” about Trump’s second term, while also endorsing president-elect’s plans to cut regulations. The donation from Meta came just weeks after Zuckerberg met with Trump privately at Mar-a-Lago. During the 2024 campaign, Zuckerberg did not endorse a candidate for president, but voiced a more positive stance toward Trump. Earlier this year, he praised Trump’s response to his first assassination attempt. Still, Trump in recent months had continued to attack Zuckerberg publicly. And Altman, who is in a legal dispute with AI rival Elon Musk, has said he is “not that worried” about the Tesla CEO’s influence in the incoming administration. Musk, an early OpenAI investor and board member, sued the artificial intelligence company earlier this year alleging that the maker of ChatGPT betrayed its founding aims of benefiting the public good rather than pursuing profits.Opposition fighters are closing in on Syria’s capital in a swiftly developing crisis that has taken much of the world by surprise. Syria's army has abandoned key cities in the west and south with little resistance. Nervous residents in Damascus describe security forces on the streets. The state news agency has been forced to deny rumors that President Bashar Assad has left the country. Who are these opposition fighters ? If they enter Damascus after taking two of Syria’s largest cities , what then? Here’s a look at the stunning reversal of fortune for Assad and his government in just the past 10 days, and what might lie ahead as Syria’s 13-year civil war reignites . Recommended Videos The aim? Overthrow the government This is the first time that opposition forces have reached the outskirts of the Syrian capital since 2018, when the country’s troops recaptured the area following a yearslong siege. The approaching fighters are led by the most powerful insurgent group in Syria, Hayat Tahrir al-Sham , or HTS, along with an umbrella group of Turkish-backed Syrian militias called the Syrian National Army. Both have been entrenched in the northwest. They launched the shock offensive on Nov. 27 with gunmen capturing Aleppo, Syria’s largest city, and the central city of Hama, the fourth largest. The HTS has its origins in al-Qaida and is considered a terrorist organization by the U.S. and the United Nations. But the group said in recent years it cut ties with al-Qaida, and experts say HTS has sought to remake itself in recent years by focusing on promoting civilian government in their territory as well as military action. HTS leader Abu Mohammed al-Golani told CNN in an exclusive interview Thursday from Syria that the aim of the offensive is to overthrow Assad’s government. Possible rifts ahead The HTS and Syrian National Army have been allies at times and rivals at times, and their aims might diverge. The Turkish-backed militias also have an interest in creating a buffer zone near the Turkish border to keep away Kurdish militants at odds with Ankara. Turkey has been a main backer of the fighters seeking to overthrow Assad but more recently has urged reconciliation, and Turkish officials have strongly rejected claims of any involvement in the current offensive. Whether the HTS and the Syrian National Army will work together if they succeed in overthrowing Assad or turn on each other again is a major question. Others take advantage While the flash offensive against Syria’s government began in the north, armed opposition groups have also mobilized elsewhere. The southern areas of Sweida and Daraa have both been taken locally. Sweida is the heartland of Syria’s Druze religious minority and had been the site of regular anti-government protests even after Assad seemingly consolidated his control over the area. Daraa is a Sunni Muslim area that was widely seen as the cradle of the uprising against Assad’s rule that erupted in 2011. Daraa was recaptured by Syrian government troops in 2018, but rebels remained in some areas. In recent years, Daraa was in a state of uneasy quiet under a Russian-mediated ceasefire deal. And much of Syria's east is controlled by the Syrian Democratic Forces, a Kurdish-led group backed by the United States that in the past has clashed with most other armed groups in the country. Syria’s government now controls just four of 14 provincial capitals. What’s next? Much depends on Assad’s next moves and his forces' will to fight. A commander with the insurgents, Hassan Abdul-Ghani, posted on the Telegram messaging app that opposition forces have started carrying out the “final stage” of their offensive by encircling Damascus. The Britain-based Syrian Observatory for Human Rights said Syrian troops have withdrawn from much of the two southern provinces and are sending reinforcements to Homs. If that city is captured, the link would be cut between Damascus, Assad’s seat of power, and the coastal region where he enjoys wide support. “Homs to the coastal cities will be a very huge red line politically and socially. Politically, if this line is crossed, then we are talking about the end of the entire Syria, the one that we knew in the past,” said a Damascus resident, Anas Joudeh. Assad appears to be largely on his own as allies Russia and Iran are distracted by other conflicts and the Lebanon-based Hezbollah has been weakened by its war with Israel, now under a fragile ceasefire. The U.N. special envoy for Syria, Geir Pedersen, is calling for urgent talks in Geneva to ensure an “orderly political transition,” saying the situation is changing by the minute. He met with foreign ministers and senior diplomats from eight key countries including Saudi Arabia, Russia, Egypt, Turkey and Iran on the sidelines of the Doha Summit. President-elect Donald Trump in his first extensive comments on the developments in Syria said the besieged Assad didn’t deserve U.S. support to stay in power. “THIS IS NOT OUR FIGHT,” Trump posted on social media.
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