{"id":124049,"date":"2021-08-06T19:39:20","date_gmt":"2021-08-06T14:09:20","guid":{"rendered":"https:\/\/blog.forumias.com\/?p=124049"},"modified":"2021-08-11T16:18:24","modified_gmt":"2021-08-11T10:48:24","slug":"brown-vs-green-trap","status":"publish","type":"post","link":"https:\/\/forumias.com\/blog\/brown-vs-green-trap\/","title":{"rendered":"Brown vs Green Trap"},"content":{"rendered":"<p><strong>Source: <a href=\"https:\/\/timesofindia.indiatimes.com\/blogs\/toi-edit-page\/brown-vs-green-trap-shut-down-dirty-old-economy-too-fast-building-cleaner-one-could-be-prohibitively-expensive\/\" target=\"_blank\" rel=\"noopener\">Times of India<\/a><\/strong><\/p>\n<p><strong>Relevance: <\/strong>To study the path for a green economy.<\/p>\n<p><strong>Synopsis:<\/strong><\/p>\n<p>The more the world push towards a green economy, the more expensive the campaign will become and less will be the chance to achieve its aim &amp; limit the worst effects of global warming.<\/p>\n<h5><strong>Introduction:<\/strong><\/h5>\n<p>Governments around the world are focused on driving up the demands of materials required to build a clean economy. They are also curbing the supply of sources that are contributors to carbon. For instance, discouraging investment in mines, smelters etc.<\/p>\n<p>The world is facing a rise in oil prices and decreasing investments in hydrocarbon companies. But still, the hydrocarbon companies are reinventing themselves as provider\u2019s clean power.<\/p>\n<p>The actions of government and Hydrocarbon companies will lead to <strong>greenflation<\/strong> -rising prices for metals &amp; minerals like aluminium, iron which are required for building green technologies. For e.g. copper prices are up by more than 100%.<\/p>\n<p>Further, limiting the supply of oil threatens to raise what Bill Gates calls the \u201cgreenium\u201d \u2013 the <strong>premium the world must be prepared to pay for climate-friendly infrastructure<\/strong>.<\/p>\n<p><strong>ESG movement:<\/strong><\/p>\n<p>ESG stands for Environment, Social &amp; Governance.<\/p>\n<p>This is used by<strong>\u00a0asset managers and investors<\/strong>\u00a0to evaluate companies\u2019 potential financial performance and their performance in ESG.<\/p>\n<p>The asset managers aim to invest in companies that strive to make the world a better place. It evaluates companies and countries on various metrics like sustainability, clean energy, etc.<\/p>\n<h5><strong>Effect of ESG movement: <\/strong><\/h5>\n<ul>\n<li>Mining projects are now taking ten or more years time in countries like Chile and Peru, where earlier it took only five years<\/li>\n<li>Chile adopted new environmental rules &amp; royalty which makes the mining unprofitable there<\/li>\n<\/ul>\n<h5><b>Suggestions:<\/b><\/h5>\n<p>The World will not be able to meet the rising demand for Green construction materials. So they require using more technology in order to facilitate them. For instance,<\/p>\n<ul>\n<li>The US has joined China in its commitment to carbon neutrality.<\/li>\n<li>Governments have announced Green spending plans.<\/li>\n<\/ul>\n<h5><strong>Way Forward:<\/strong><\/h5>\n<p>We should not be in a hurry to shut the old economy into a new green economy. We have to strive for a balance between the old and the new.<\/p>\n<p><strong>Terms to know:\u00a0<\/strong><\/p>\n<ul>\n<li><a href=\"https:\/\/forumias.com\/blog\/esg-movement\/\" target=\"_blank\" rel=\"noopener\">ESG movement<\/a><\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Source: Times of India Relevance: To study the path for a green economy. Synopsis: The more the world push towards a green economy, the more expensive the campaign will become and less will be the chance to achieve its aim &amp; limit the worst effects of global warming. Introduction: Governments around the world are focused&hellip; <a class=\"more-link\" href=\"https:\/\/forumias.com\/blog\/brown-vs-green-trap\/\">Continue reading <span class=\"screen-reader-text\">Brown vs Green Trap<\/span><\/a><\/p>\n","protected":false},"author":5480,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[1230,9],"tags":[8934,768,8937,8935,8936,216],"class_list":["post-124049","post","type-post","status-publish","format-standard","hentry","category-9-pm-daily-articles","category-public","tag-climate-change-green-economy","tag-energy","tag-esg-movement","tag-greenflation","tag-greenium","tag-gs-paper-3","entry"],"jetpack_featured_media_url":"","views":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/124049","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/users\/5480"}],"replies":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/comments?post=124049"}],"version-history":[{"count":0,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/124049\/revisions"}],"wp:attachment":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/media?parent=124049"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/categories?post=124049"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/tags?post=124049"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}