climate change – Ardud Mon, 14 Mar 2022 07:30:36 +0000 en-US hourly 1 climate change – Ardud 32 32 Join The Dots: Taking a Methodical Approach to ESG for Your Startup Mon, 14 Mar 2022 07:00:34 +0000 Join the Dots is a series of podcastsevents and articles designed to equip your business with the knowledge to navigate and understand the complexities of ESG. Eleanor Winton is director of foresight, which helps companies plan for the short and long term and develop innovative action strategies. Speaking to Maddyness UK, Eleanor discusses the impact […]]]>

Join the Dots is a series of podcastsevents and articles designed to equip your business with the knowledge to navigate and understand the complexities of ESG.

Eleanor Winton is director of foresight, which helps companies plan for the short and long term and develop innovative action strategies. Speaking to Maddyness UK, Eleanor discusses the impact of the pandemic on how we think about risk, the challenges and opportunities of ESG reporting, and integrating sustainable practices at work and at home.

The agreement on the SDGs in 2015 gave us, for the first time, a global shared vision of a more sustainable and equitable future, and although it took time for this vision to translate into action and standards on how companies play their part, interventions along the way have helped us stay focused. From the work of the IPCC on climate change to letters from CEO Larry Fink and calls from the Financial Times for a reset of capitalism as we know it, ESG has been front and center for several years. But perhaps the pandemic has helped us see that the risks that ESG issues can generate have the ability to have more drastic impacts on the way we live and work than we previously thought.

Take the first steps in a conscious way with the ESG

When integrating positive ESG criteria into your business, it helps to go back almost to basics. Ask yourself, “How could we design this business if we wanted it to be the most sustainable and equitable business we could create? »

Applying this design mindset can give you a clearer view of what actions to take to have a bigger impact, rather than just focusing on better measuring what you’re already doing. It’s a much more creative and positive starting point for conversation, and can really help engage the team as a whole.

For many companies, it’s not necessarily about starting to do different things or better measuring what they’re doing, but it’s actually about stopping doing certain things. If you were now designing a product company that sold shampoo, for example, you wouldn’t put it in plastic packaging or make it from gradually changing the fact that it’s a live product is unlikely to unlock as much value as rethinking the long term.

Organizational awareness

ESG must be integrated into all aspects of your organization’s culture and structure. From vision and guiding values ​​to performance measurement and supplier relations. Failure to set the tone from the top and go all the way operationally can lead to vulnerabilities.

As the focus on ESG increases, employees and other stakeholders will inevitably put pressure on leaders. We must therefore instill a broad change in behavior and mentality in line with these new parameters for companies. There is an instructive example in the approach employed by some fossil fuel companies to support and encourage good health and safety practices that we can perhaps build on. In this context, operational safety and the minimization of accident risks are instilled in employees, both at work and at home, to reinforce a “safety first” state of mind. By applying this connected approach, we have the potential to create an opportunity for corporate ESG standards to influence the way employees and other stakeholders operate – not just at work but in their homes and communities.

This refers to the vision for stakeholder capitalism in which companies are embedded in the communities they serve. They are not separate entities where you behave sustainably at work and unsustainably at home – it has to be more of a philosophy that people live up to because otherwise we’re never going to get anywhere near where we need to go.

Listen to episode 1 of the Join the Dots podcast

Challenges vs opportunities aplenty

To make the most of the ESG opportunity, it is important not to view these standards and measures as just a compliance exercise. Standards offer us much more than that, especially as a framework for building a future-ready business.

The opportunities are huge because what we know is that right now there is a growing public interest in this area, but in a few years, and hopefully sooner, this will be central to how which we make every decision. about what we buy and who we buy it from, and for whom and with whom we work. The consequences are enormous and the consequences of non-compliance will be increasingly visible.

If we take a long-term view, it is clear that failure to consider and integrate ESG standards today will lead to more difficult and riskier activities tomorrow. We will also miss the many opportunities to innovate, collaborate and contribute to addressing key global challenges. We should see this as an opportunity not just to measure what we do, but to really do things differently and look for new ideas to deliver what we do in a more sustainable and fair way and then add more value as a business.

The impact of the pandemic

If you look at the risk report from the World Economic Forum, that tracks risk perceptions among risk experts and global leaders in business, government and civil societyinfectious diseases weren’t even in the top seven in terms of impact and likelihood for 2020. It just wasn’t really on our radar because everything we’d seen before was isolated and elsewhere – for those of us between us in the UK, certainly.

Seeing how quickly a marginal risk can become a the global crisis was a shock to the system. The scale of the impact of the pandemic and the magnitude of the risk has woken people up to the fact that all of these risks that we talk about in the ESG space have the potential to be just as big and just as impactful.

If so, we need to start thinking now about the impact we are having as a business and whether or not we are doing the right things. because bad decisions today will lead to uncertainty and risk in the future.

Risk assessment

If your business is To try to understand the impacts of particular risks, you can use a matrix with two axes – the impact on the probability, going from top to bottom on each axis. The risks you would want to focus on are those that you consider high impact and high probability. But the problem with that is that probability isn’t something we understand very well because we’re referring to our own experience to make this decision.

If you asked people in 2019 how likely a pandemic was to happen the following year, most people would say it’s very unlikely. because they had not experienced it before.

So, in an uncertain world, we need to explore new tools to understand what the future holds. There’s a really good scenario planning framework, which helps us stretch and think more connectedly. Instead of look impact on the probability, we consider the impact on uncertainty – so what you’re really measuring is that if that were to happen, what is the potential range of outcomes? If it’s a really huge range of potential outcomes, we need to try to understand it better, because it’s something that’s really unpredictable.

We used to see pandemics only as a health issue, but of course it is far more important than that: it’s a supply chain issue, a political issue and much more. A pandemic has all these unintended consequences that we didn’t anticipate as it happened. This perfectly demonstrates that we need to think more connected to all potential impacts of a high impact, high uncertainty event.

On the other hand, if the range of potential outcomes is small, we can plan and prepare for these outcomes, building business resilience. In the meantime, we are creating the ability to examine, explore and interrogate “high impact, high uncertainty” factors that might otherwise take us by surprise..

This is where ESG comes in and is really powerful, as it expands our thinking beyond just climate risk and makes us ask ourselves, what is the interplay between all these different types of issues? How do we anticipate the range of uncertainties that could potentially arise? We need a more connected approach to planning for climate change, future pandemics and beyond while doing our best to resolve the issues causing these risks.

Eleanor Winton is the founder of foresight.

Join the Dots is a collaboration between Curation and Maddyness. leftand involved or collaborate with us on your own series, email

Prince Albert I Centenary Chess Tournament inspires young people to play and other princely news Mon, 07 Mar 2022 11:14:03 +0000 An epic chess tournament, demonstrating that chess is truly making a comeback, was held in the Atrium of the Casino de Monte-Carlo as part of the events commemorating this year the centenary of the death of Prince Albert I. Echoing the prestigious chess tournaments organized in Monaco during the Belle Epoque, a “Simultaneous Prince Albert […]]]>

An epic chess tournament, demonstrating that chess is truly making a comeback, was held in the Atrium of the Casino de Monte-Carlo as part of the events commemorating this year the centenary of the death of Prince Albert I. Echoing the prestigious chess tournaments organized in Monaco during the Belle Epoque, a “Simultaneous Prince Albert I” game was played. International Grand Master Pia Cramling and International Mistress Almira Skripchenko faced 32 young players from all over the Alpes-Maritimes. Each champion played 16 matches simultaneously. Prince Albert II was invited to play the first move for each of the 32 games.

The Sovereign Prince giving the first symbolic gesture to each of the thirty-two young participants (Casino de Monte-Carlo, main hall, February 26, 2022). © Maurizio Abbati HelloMonaco
© Maurizio Abbati HelloMonaco

In 1903, Prince Albert I offered the Prince’s Cup to the brilliant young chess player Harry Nelson Pillsbury, particularly renowned for being able to play up to 22 simultaneous games blindfolded! A trophy was presented by Prince Albert II to Pia Cramling, the fifth woman to win the FIDE Grandmaster title in 1982 and a tireless spokesperson for women in chess. Both Pia Cramling and Almira Skripchenko have represented Monaco in the chess world and hold eight European Women’s Club Cups.

International Women’s Day: Collective painting created with Prince Albert II

The Monegasque Commission for Women’s Rights has created a major collective work around the themes of women’s rights and the protection of the sea, which will be unveiled on March 8. 100 personalities, including Prince Albert II and Princess Stéphanie, participated in the creation of the painting, imagined by the artist Anthony Alberti alias Mr One Teas.

The unveiling of the artwork will take place at 4:45 p.m. at the Oceanographic Museum on the occasion of International Women’s Day. It will be followed by a lecture by Nathalie Hilmi, research fellow in environmental economics at the Scientific Center of Monaco and by Virginie Tassin Campanella, vice-president of the Scientific Council of the Institute of Economic Law, on the risks that women and the ocean have in common. According to the UN, 80% of people displaced by climate change are women and girls.

The #8MarsMonaco operation will be visible throughout the city with various works of art, located on the roundabout, in the Fontvieille shopping mall, at the Ministry of State and on the fences of the Saint Martin gardens.

Prince Albert II, Jacques and Gabriella attend the AS Monaco match

On February 27, 2022, Prince Albert II, Princess Gabriella and Prince Jacques attended the French Ligue 1 football match played between AS Monaco and Stade de Reims at the Louis II stadium. Watching the team through binoculars, the twins sported red baseball caps with the AS Monaco shield. Unfortunately, the team lost the match 2-1.

Prince Albert II takes part in the Polar Symposium: “Cold becomes hot: from the Arctic to the Antarctic”

Prince Albert II of Monaco was present alongside experts and scientists from the polar region to personally convey their message to political decision-makers during a Polar Symposium held on 24 and 25 February at the Oceanographic Museum.

“Thanks to you, your research, your exchanges, your ideas, we will be able to advance the cause of the polar regions, and with it, the cause of our Planet”, declared the Prince at the official launch of the Polar Initiative. Scientists at the symposium confirmed that polar shifts are extreme and faster than expected. They highlighted how the Earth systems are all interconnected: the Arctic and Antarctica, the polar ice caps and our oceans.

The President of Serbia on an official visit to Monaco

February 22. Prince Albert II received Aleksandar Vucic, President of Serbia, for an official visit to the Principality. This visit follows the one made by the Prince on 7 and 8 October 2020 in Belgrade. The Principality of Monaco has established diplomatic relations with Serbia since 2007.

In the morning, on the Cour d’Honneur of the Prince’s Palace, the Serbian and Monegasque national anthems, interpreted by the Orchestra of the Prince’s Carabinieri, were performed before the ceremony of taking up arms, conducted by Colonel Tony Varo.

The two Heads of State had a bilateral meeting in the Family Room of the Prince’s Palace. Together, they were able to discuss international and economic topics. The two delegations then signed a framework cooperation agreement that will strengthen economic relations between the two countries. After their meeting, the Prince decorated the Serbian President with the insignia of the Grand Cross of the Order of Saint Charles.

In the evening, HSH the Prince and President Vucic attended the performance of Werther by composer Jules Massenet at the Monte-Carlo Opera.

Princess Stephanie attends the Alter fashion show

On March 1, during Paris Fashion Week, Pauline Ducruet launched the Women’s Fall/Winter 2022/2023 collection for her own unisex clothing brand Alter. Founded in 2018, Alter aims to create clothing that embraces and inspires the freedom of the individual with playful designs that are gender neutral and eco-friendly. Princess Stephanie showed her support for her daughter’s fashion brand by attending the show while wearing a burgundy Alter leather jacket.

Gender equality today for a sustainable future Fri, 04 Mar 2022 14:56:21 +0000 This year, for International Women’s Day March 8the The United Nations recognize the contribution of women and girls who are leading the way in building a sustainable future for all. International Women’s Day presents we with an opportunity to celebrate the political, social, economic and cultural achievements of women and girls around the world. This […]]]>
This year, for International Women’s Day March 8the The United Nations recognize the contribution of women and girls who are leading the way in building a sustainable future for all.
International Women’s Day presents we with an opportunity to celebrate the political, social, economic and cultural achievements of women and girls around the world. This year’s theme is “Gender Equality Today for a Sustainable Future”. The climate crisis and gender inequality are two central issues at the heart of the United Nations Sustainable Development Goals. The global effort to advance gender equality and tackling climate change at the same time is one of humanity’s greatest challenges in the 21st century. The figures indicate 80% of people displaced by climate change and climate-related disasters are women and girlswhile 70% of the 1.3 billion people living in conditions of poverty are women. It is crucial that ssustainability and gender equality efforts worldwide go hand in hand. Therefore, before International Women’s Day this year, we take a look at some of the from the United Kingdom pioneer women to contributeing to sustainable and climate-friendly initiatives this are translate into effective climate action.
Circular economy
May Al-Karooni. Photo:
May Al-Karooni is the award-winning founder and CEO of Globechain, an online marketplace that connects businesses with charities, small businesses and individuals to redistribute unnecessary items. She realized that no one had digitized the waste industry when the bank she worked for moved across the road. Rather than move their office furniture, most of which was in perfect condition, they got rid of everything and bought new furniture. Seeing this huge mess was a revelation; she knew there were charities and people who needed these items. This revelation gave birth to Globechain. Speaking about International Women’s Day and being a female entrepreneur, May Al-Karooni pointed out that “there is no overnight success or at least there is very little of it”. She underline this women Above all “can be very hard on ourselves; we have more to prove. Its dedication to a waste-free world has made Globechain the largest reuse marketplace in the world, with over 10,000 members operating in the UK, Spain, UAE and New York.
Mya Rose Craig
Mya Rose Craig. Photo:
Mya-Rose Craig Ian Anglo-Bangladeshi ornithologist, environmentalist and diversity activist. She was to make a campaign for enprotection and conservation of the environment for indigenous peoples, as well as biodiversity, since the age of 8. AT 11 years old, she started a popular bird blog called BirdGirl and at 17 became the youngest person to see half the world’s birds. In 2016, she founded Black2Nature, an organization leading the fight for equal access to the natural environment for visible ethnic minorities, organizing nature camps for teenagers and high-level conferences. Since Mya, now 20 years old, was listed in the Guardian’s 10 everyday heroes fighting to save the planet. She was nominated for Birdwatch Magazine’s Birder’s Choice Awards as Conservation Hero of the Year with Sir David Attenborough, Greta Thunberg and George Monbiot as runners-up. In February 2020, she became the youngest UK to receive an Honorary Doctorate of Science from the University of Bristol for his five years of campaigning and pioneering change through Black2Nature. She has been described as “a champion of diversity and equity in the environment and conservation sector.”
Sustainable fashion
safia minney
Safia Minney. Photo:
Safia Minney is anot award-winning social entrepreneur and pioneer of fair and sustainable fashion. In 1991, she co-founded people tree, an online fashion company dedicated to the principles of fair trade, fair wages, good working conditions, transparency, good environmental practices and gender equality. She is the author of 9 books and she received a MBE for services to Fthe fashion industry and the fair trade industry in 2009. She is recognized worldwide as a sustainable fashion influencer, developing a capacity building process for fair trade and social enterprises in Asia, Africa and Latin America. She is also a consultant on sustainable businesses, supply chains and marketing. His clients include fashion companies and brands pioneering sustainability from beauty to construction. Speaking of International Women’s Day, Safia recalls the progress made by women and the attention that the ‘me-à-oh‘ drew attention to the plight of women in the Global South. As Safia explains, “We need to become their voice and pressure corporations and governments to reform our outdated business and financial systems to reflect human rights and sustainability.”
Ocean Conservation
daisy kendrick
Daisy Kendrick. Photo:
Daisy Kendrick is an award-winning social entrepreneur, author and global speaker. She is the co-founder of Ocean Generation, an inclusive global movement that exists to restore a lasting relationship between humanity and our oceans. Frustrated by the lack of awareness and action by Millennials and Gen Z to protect our climate and oceans, she created ocean generation using media and technology to inform, educate and change behavior globally. The organization expanded into local action with initiatives to empower youth in communities vulnerable to climate change. She is also passionate about promoting science careers to girls. “Academically, girls are brilliant in science, but they don’t choose careers in science because society leads them to assume that they won’t be good at it or that they are dominated by men” , something Daisy she says want to change.
Become equal players
In many countries around the world, women and girls are effective and powerful leaders and agents of change for climate change adaptation and mitigation. It is important to celebrate and showcase their sustainability initiatives to empower Continued women and girls become equal actors in the decision-making related to climate change. Without gender equality today, a sustainable and equal future remains beyond our reach.
Additional links:
For more information on International Women’s Day to visit the UN Women website Where Twitter page.

The United Nations Cinema will be hosting a screening of ‘Picture A Scientist’ for International Women’s Day in Brussels on March 8, 2022, to get your free ticket, please visit the Ciné-ONU Facebook page.

How Beijing created the snow for the Winter Olympics Mon, 07 Feb 2022 10:45:16 +0000 BEIJING — China hasn’t moved mountains to host the 2022 Winter Olympics. But it has flooded a dry river bed, diverted water from a key reservoir that feeds Beijing and resettled hundreds of farmers and their families, all to power one of the largest snowmaking operations in the history of the Games. This is what […]]]>

On the mountains where alpine competitions are held, which have no recreational skiing, narrow white bands, visible from miles away, now bisect the brown mountains.

Beijing officials insist that producing snow for the Games will not put a strain on local water supplies, which are struggling to keep pace with the city’s demands. But China’s Herculean investments in snowmaking are part of larger efforts to turn the barren mountains near Beijing into a permanent ski and snowboarding hub, a project that could face challenges as the climate change disrupts rainfall and drought patterns.

Around the world, the eco-unfriendly secret of ski and snowboard competitions is that, as natural snow becomes less reliable, they are almost always held on the man-made kind. As the planet continues to warm, artificial snow will play an increasingly important role in ensuring a consistent, high-caliber playing field.

“You couldn’t have winter sports now without artificial snow,” said Michael Mayr, Asia director of TechnoAlpin, the Italian company in charge of snowmaking for the Beijing Games and six Olympic Games in Beijing. previous winters.

What sets Beijing apart from many of these past sites is its low water supply, whether for snowmaking or anything else. In recent decades, rapid development has undermined Beijing’s groundwater. July and August often bring heavy rain, but the city and nearby mountains only get raindrops in winter: less than 2.5 inches per season on average for the past few decades, according to data from a weather station. near the Olympic venues.

In 2017, the last year for which international personalities are available, Beijing had only about as many fresh water resources per capita – 36,000 gallons – as the West African nation of Niger, on the edge of the Sahara. Zhangjiakou, the city 100 miles northwest of the capital that will host skiing and snowboarding events, had 83,000 gallons per capita, comparable to Djibouti in the Horn of Africa.

The United States, on the other hand, had 2.3 million gallons per person. Countries with less than 260,000 gallons of freshwater resources per person are considered water-scarce.

Florian Hajzeri, who has been in China for four years overseeing TechnoAlpin’s snowmaking project, said he realized the magnitude of his task as soon as he saw the landscape of the Olympic competition areas.

“There are trees and vegetation, but it’s not like an alpine forest: it’s vegetation for a drier climate,” he said. “It’s snowing, but it’s not enough for competitions.”

Before TechnoAlpin could install pumps and build more than 40 miles of pipes, at a cost of almost $60 million, Chinese authorities first had to find a way to supply enough water to the mountains.

How much water? About one million cubic meters, according to TechnoAlpin, enough to fill 400 Olympic swimming pools. And that’s just to start the Games. More snow and more water will likely be needed as competitions take place.

To pull it all together, Chinese authorities have built pumping stations to transport water from reservoirs miles away.

According to a status logBeijing has diverted water from the city’s Baihebao Reservoir to the Guishui River, which flows near the Olympic area but has long been mostly dry in winter. Previously, Baihebao had mainly provided Miyun Reservoir, one of Beijing’s largest household drinking water reservoirs.

Officials in Zhangjiakou – which is pronounced a bit like “jong jah coe” – have stopped irrigation across tens of thousands of hectares to conserve groundwater and resettled farmers who lived in what is now the Olympic competition area into high-rise apartments.

Modern China is no stranger to monumental water projects. Its greatest effort to alleviate Beijing’s water problems began long before the Olympics: a colossal series of waterways that transfer trillions of gallons of water a year from the country’s wet south to its thirsty north. Hundreds of thousands of villagers were displaced to make way for the canals. Water from the project accounted for one-sixth of Beijing’s water supply in 2020.

While the Chinese government has made progress on water issues in recent years, scientists and environmentalists say the capital cannot afford to rest on its laurels.

“They still need to do more to conserve water, increase water use efficiency, and ensure social equity in water allocation,” said Ximing Cai, professor of water engineering. water resources at the University of Illinois at Urbana-Champaign. If the Olympics spur a burst of economic development in the hills near Beijing, he said, “the associated water use must be planned carefully.”

But climate change could both increase northern China’s water needs and affect southern China’s ability to supply it. Scientists have found that recent heat waves and floods in China were much more likely to occur due to human-induced climate change.

“In the context of global warming, the risks for major infrastructure projects in China are increasing,” said Zheng Guoguang, the country’s then-top meteorological official. told a Communist Party newspaper in 2015citing among others the South-North transfer project.

Chinese officials claim to limit the impact of snow cover, in particular because the snow produced will be recovered after it has melted to be reused.

But scientists studying how snow is made have found that some of the water evaporates after being thrown from a cannon but before it can crystallize into flakes. Some of the flakes are blown away. Some droplets do not freeze completely and end up flowing into the ground.

Two Swiss researchers, Thomas Grünewald and Fabian Wolfsperger, conducted experiments at a ski resort near Davos and found that up to 35% of the water used for snowmaking was lost in this way. (Water that seeps into the ground isn’t completely gone, of course. It helps replenish groundwater.)

Still, Wolfsperger said, “It’s definitely not environmentally friendly” to build a ski resort near a water-scarce place like Beijing. “But winter sports have never been that in general.”

Other research has shown that artificial ski slopes can erode soil and degrade vegetation, regardless of the type of snow they use.

For skiers and snowboarders, competing entirely on artificial snow changes everything about how they prepare for the Olympics, the biggest event of most of their lives, from the wax they use to increase the speed, in training for the increased risk of a smoother surface. . In hot weather, artificial snow surfaces tend to break down faster than natural snow, athletes said.

“It’s not the first time we’ve raced on artificial snow, and sadly it doesn’t look like it’ll be the last,” said Jessie Diggins, 2018 cross country gold medalist and turned activist. of climate change. during the last years.

“It’s harder and more icy and turns differently depending on the weather,” she said. “And because it’s faster, some descents ski much faster when you’re riding. That can make the course – I don’t mean dangerous – but more tricky in figuring out how you’re going to navigate the turns.”

In certain conditions, however, such as the very cold temperatures expected in China, downhill skiers sometimes prefer artificial snow, as technicians can produce wet flakes that freeze into the type of smooth, hard surface they prefer.

“It’s denser,” said Travis Ganong, an American sprinter. “It doesn’t really flake, and when it’s groomed, it gets more packed. It sits really well and becomes very even. It’s actually how we like it.

Keith Bradsher contributed report.

State interests collide with dwindling water supply Fri, 04 Feb 2022 23:20:44 +0000 Published on February 4, 2022 at 4:20 p.m. Water drives the economy of southeastern New Mexico. It sustains alfalfa fields in Clovis, keeps cows alive on dairy farms in Roswell, and enables hydraulic fracturing in Carlsbad and Hobbs. Here, where water is pumped or diverted is determined more by the exchange of money than by […]]]>

Water drives the economy of southeastern New Mexico. It sustains alfalfa fields in Clovis, keeps cows alive on dairy farms in Roswell, and enables hydraulic fracturing in Carlsbad and Hobbs. Here, where water is pumped or diverted is determined more by the exchange of money than by the flow of the rivers.

All of these transactions, many of which date back to the turn of the 20th century, are documented in a small room filled with crank-operated movable storage shelves at the District II Office of the State Engineer (OSE). Many large folders are torn around the edges or emit a cloud of dust when opened. Some contain hand-drawn maps from the 1940s or copies of typewritten letters from the 1970s, almost translucent with age. In some cases, these are the only records of major water transactions in New Mexico’s 110-year history as a state.

District II supervisor Juan Hernandez laughs when asked about the decrepit filing system.

“Are there things we could do better and improve if we had more resources? Absolutely,” he says. But it’s not just the District II office. The OSE as a whole has operated with a 25% reduction in its budget since 2017, and it has 67 fewer full-time staff than when Bill Richardson was governor from 2003 to 2011.

Funding issues reached a boiling point in November, when John D’Antonio, the state’s engineer, resigned from his position along with two of the agency’s top lawyers.

D’Antonio’s resignation, effective Jan. 1, left the office headless for several weeks, sending the already overburdened agency into a tailspin. Staff were stuck in a holding pattern, unsure if permits issued without an acting state engineer would be valid. But according to the resigning officials, the OSE was already pushed to its limits even before its exit.

“We have pushed the agency as far as we possibly can given the agency’s current staffing level and financial resources,” D’Antonio said in a statement after filing his resignation. He declined an interview request with Searchlight New Mexico.

It is undeniable that the OSE urgently needs additional funding and personnel. Yet a growing number of advocates, water managers and state officials say rotting paper records and persistent departmental dysfunction are not just a sign of tight budgets, but also a metaphor for an agency and a state water system that have fallen woefully behind schedule.

Faced with the specter of a parched New Mexico from climate change, some have begun to push back against a model of water that focuses primarily on using as much water as possible. Many reformers favor increased funding for water agencies like the OSE, but say the problems run much deeper. They believe it’s time to rethink a system that treats water as a commodity rather than a valuable resource.

“We relied on this weird notion that we have an ocean of fresh water in one aquifer or another, and that doesn’t match what we see,” Governor Michelle Lujan Grisham says. “We now need a whole new situation for a water policy effort. I think we need to rewrite what the state engineer’s office looks like.

Western history

In 1984, a real estate group placed an ad in Albuquerque Living Magazine with an illustration of a windsurfer gliding across a lake, with the Albuquerque skyline visible in the background. The white text on the image exclaimed: “Name a major US city on a large body of water.”

Rather than a mythical Albuquerque lake, the water in the image was meant to represent the city’s aquifer, which at the time was often described as unfathomable. This view was prevalent throughout Albuquerque, despite the fact that water managers were already observing something else: Wells in what had been some of the most productive parts of the aquifer are drying up.

“We knew the aquifer wasn’t behaving the way the mental picture was,” says Norm Gaume, who served as the city’s water resources manager in the 1990s and later headed the Interstate Stream Commission. . “Albuquerque is very well positioned to be resilient to climate change, but city development groups presented it as a city in the desert with an unlimited aquifer, and it wasn’t.”

Although repeated droughts and the creeping effects of climate change have tempered bold claims of water abundance in New Mexico, prevailing attitudes are still very much geared towards using as much water as possible.

“It’s really the story of the West,” says Gaume.

Since the late 1800s, western states have taken a largely first-come, first-served approach to water. The first water supply applicants have priority over other users. Often it doesn’t matter what the water is for as long as it is for something – an ill-defined policy known in water jargon as “beneficial use”. This system was designed to use every last drop of water at a time when the resource was relatively abundant. Today, faced with water scarcity due to droughts and climate change, water governance in New Mexico has not changed much.

“Whatever water is available, we want it to be used in a beneficial way and to contribute to economic development,” said John Romero, director of the water rights division and state engineer by interim. “We want to use it, not hoard it or waste it. It would be a terrible thing.

But the current system may not be equipped to deal with a drop in water supply. The OSE is authorized to issue new permits for water when it determines that the water exists and will not interfere with someone else’s supply. The agency is not required to analyze how climate change might affect this right to water in the future or to balance one type of use against another, such as drinking water against agricultural use.

Today, the retired Gaume — now president of Middle Rio Grande Water Advocates — is one of the most vocal proponents of water governance reform in New Mexico. He and other advocates say the current system is headed down a dangerous path, which may not leave enough water for river ecosystems, communities or traditional economic activities like agriculture.

Rethink water

The OSE funding is the first step toward getting the state’s water future on track, according to Gaume. With that in mind, his organization is seeking sponsors for bills that would increase the OSE staff budget by $10 million.

The group is seeking additional funding for infrastructure projects, launching new initiatives and helping New Mexico meet its water obligations to Texas. New Mexico is already facing litigation claiming years of deficient water deliveries, and as water supplies dwindle further, costly lawsuits are expected to multiply.

“If New Mexico is to survive its future in the face of climate change, it must adapt,” says Gaume. “Funding is the first step.”

But many government officials are reluctant to increase recurrent funds that much. The governor has proposed an increase of $2.3 million, while the Legislative Finance Committee suggests an even more modest increase of $979,000.

Other government officials say it’s hard to justify transferring money to an agency that seems more focused on preserving the current water system than preparing it for a future with less water.

Andrea Romero (D-Santa Fe) is spearheading several water reform initiatives during the 30-day legislative session this month. Although she supports the funding of water initiatives, she also expressed some skepticism about the idea of ​​pouring money into the OSE.

“We can give you money, but we have to know exactly what it’s going to do,” she says. “Are we talking about pushing more water permits or are we talking about conserving water?”

Romero focuses his actions on water towards reform. She introduced a bill that would change the requirements for the position of state engineer. Currently, only licensed engineers can fill this position. If passed, the bill will allow hydrologists, geologists, geohydrologists and lawyers to qualify. This change would be part of a trend across the West, shifting the priorities of water management away from focusing on engineering-based solutions. It’s a shift that represents a conservation mentality.

But water reform in New Mexico is an uphill battle. Conservation is still frequently seen as contrary to the interests of industry. Last year, Andrea Romero sponsored a bill to make OSE operations more transparent (the agency is often criticized as a “black box”), defining “beneficial use” and requiring the agency to consider climate change when making water decisions.

She says the bill met with opposition from farmers and ranchers and eventually went to a second committee, which ultimately killed it.

“I think there’s a huge concern that what the reform means is turning off the taps for the industry and for future growth,” she says. “It’s easier to say that the status quo works better for big industry.”

But while water reform often faces challenges in the legislature, there have already been some recent changes in the Governor’s Office. Although she has yet to appoint a new state engineer, Lujan Grisham created a new position in January – a state water adviser. She has hired Mike Hamman, a former water manager in the central Rio Grande, who will help shape water policy with a greater emphasis on resilience and flexibility.

“It remains to be seen whether or not we can cope with every year of severe drought, but we are going to have a very good run,” says Hamman. “The biggest concern as a water professional and long-time water manager is: ‘Do we have the capacity and the resources to adapt quickly to changing conditions?’ These are the things that keep us up at night.

What went wrong? What is the strategy change? Sat, 29 Jan 2022 06:35:23 +0000 The department has set ambitious goals for the completion of the FTA negotiations. May 2022 for an early harvest program or a limited trade deal with the UK to lower tariffs on certain goods and services and conclude the FTA by the end of 2022. A similar deadline has been set for the FTA with […]]]>

The department has set ambitious goals for the completion of the FTA negotiations. May 2022 for an early harvest program or a limited trade deal with the UK to lower tariffs on certain goods and services and conclude the FTA by the end of 2022. A similar deadline has been set for the FTA with Australia. The one with the EU, which has stalled for more than six years, according to Subrahmanyam, will likely reach its conclusion by mid-2023 given that it needs a consensus of 27 member states. The one with the UAE is close to the finish line.

To meet these deadlines, the ministry made both administrative and strategic changes, Subrahmanyam said.

The ministry has created two trade policy wings, one multilateral and the other bilateral. Most countries, he pointed out, have a huge trade promotion wing. We don’t. The DGFT is a kind of incentive distribution office. It was born out of the Foreign Trade (Development Regulation) Act 1992 – it quickly became a regulator and forgot the development part. So we are in the process of restructuring the department, explained Subrahmanyam.

The strategic shift, he pointed out, is twofold:

  • First, remove price disadvantages because when margins are tight, even a 10% advantage can make all the difference. India is the only major economy in the world that has not signed a major regional trade agreement or with a major economy. Therefore, India is left out.

Shah pointed out, thematically in the “early harvest” mechanism, India is now focusing more on allowing imports of raw materials or minerals or assemblies/components. This ensures that by force there is significant added value made in India after importation.

In addition, national industry vulnerability areas are actively identified – where we have a large manufacturing base such as textiles, or areas with high employment, where there is already significant investment, either by developers , or through institutional capital, Shah pointed out.

It is also expected that, unlike in the past, new FTAs ​​will not be limited to trade in goods, Shukla said. They will cover services, trade facilitation, trade barriers and remedies, IPRs, investment, innovation, environment and climate change, etc.

Bhala is optimistic about the low-hanging fruits approach, all or nothing does not work. Sensitive sectors can be avoided at first and there are precedents for this – agriculture being avoided by the US and Israel; services being excluded by Australia and New Zealand in their agreements. Both were added later; but the approach should be to start preparing your industry for it today, he said.

The other tool to be used is assistance with the adaptation of workers and businesses. If a company can prove that it went bankrupt because of an FTA, its workers receive wages, training benefits to move to another sector, etc., Bhala added.

In conclusion, Nathani underlined, only the renewed interest in trade negotiations is encouraging. Today, he added, multilateralism is dormant, the world’s largest economies seek a “China plus 1” supply chain and perhaps most importantly, geopolitical alignments have shifted – trade increasingly takes place between like-minded countries. “In this climate, India must actively engage with its friends.”

India in debt trap, its youth disillusioned, global survey finds Tue, 18 Jan 2022 06:52:57 +0000 “Global Risks Report 2022” is out and as with all countries it also listed the top risks for India. The country faces broken state-to-state relations, debt crises, widespread youth disillusionment, failed tech governance and digital inequality among top five risks, according to the survey. Leaders Opinion (EOS) of the World Economic Forum. The report draws […]]]>

“Global Risks Report 2022” is out and as with all countries it also listed the top risks for India. The country faces broken state-to-state relations, debt crises, widespread youth disillusionment, failed tech governance and digital inequality among top five risks, according to the survey. Leaders Opinion (EOS) of the World Economic Forum. The report draws on findings from the EOS and the Global Risk Perceptions Survey (GRPS) to compile its findings.

Climate change dominates the discourse

The report delves deeper into the risks facing the world today. As perceived by several respondents in the report, climate action failure, extreme weather events and biodiversity loss are among the top three global risks.

The report took into account the views of more than 12,000 national leaders who identified critical near-term risks for their 124 countries, brought together through EOS and 1,000 global experts, leaders and other participants through the GRPS.

According to the report, respondents highlighted the lack of implementation of effective measures by governments to contain climate change. He says that this “concern reveals a lack of confidence in the world’s ability to contain climate change, particularly due to worsening societal fractures and economic risks”.

In addition to these three main environmental concerns, there are two more serious climate-related risks. Environmental damage and natural resource crises feature in this list as the seventh and eighth most serious risks globally over the next 10 years.

Covid-19 delays efforts to tackle climate change

As noted in the report, the economic crisis created by the Covid-19 pandemic risks setting back efforts to combat climate change. Absolute climate inaction can lead to losses of between 4% and 18% of global GDP with varying levels of impact depending on the region.

In the survey carried out before the COP26 meeting in Glasgow, 77% of participants said that international efforts to mitigate climate change had “not started” or were in the “early development” stage.

Erosion of social cohesion, livelihood crises and infectious diseases are respectively identified as the fourth, fifth and sixth main risks. Debt crises and geo-economic clashes rank ninth and tenth respectively.

Growing disparities and geopolitical conflicts

The report indicates that the erosion of social cohesion is the risk that has worsened the most globally since the start of the Covid-19 crisis. The disparities will only widen, he warns. Citing research from the World Bank, the report mentions that the richest 20% of the world’s population will have recovered half of their losses by 2021, while the poorest 20% will have lost another 5% of their income. By 2030, 51 million more people are expected to live in extreme poverty compared to pre-Covid times.

Similarly, geopolitical fractures will also widen, and some of them will be visible in the economic area. The report mentions how India and Japan implemented protectionist policies during the pandemic.

Digital inequality and technological risks

Although not among the top 10 serious risks, technological risks, such as digital inequalities and cybersecurity failures, are nevertheless alarming. GRPS respondents identified them as critical short- and medium-term threats to the world.

The world saw a 435% increase in ransomware in 2020. He noted that 95% of cybersecurity issues could be attributed to human error. The UK has seen a significant increase in internet banking fraud. It grew 117% in volume and 43% in value compared to 2020 as more people made purchases online.

Among the most vulnerable in this category are those who only log in now or who will soon. Around 40% of the world’s population is not yet connected to the Internet.

Increase in migration

The report notes how climate change along with economic hardship and political unrest have forced millions of people to leave their homes in search of a better future abroad. ‘Involuntary migration’ is a top long-term concern for GRPS respondents, while 60% see ‘migration and refugees’ as an area where international mitigation efforts have ‘not started’ or are in “early development”. More frequent and extreme weather events, including fires, floods and droughts, could displace more than 200 million people by 2050

These migratory pressures are likely to create international tensions.

Growing competition in space

Rising competition for a slice of outer space could spark friction. About 11,000 satellites were launched from Sputnik 1 in 1957, but another 70,000 could enter orbit in the coming decades.

The report states: “Although the risk is still relatively low, an increase in the number of satellites also increases the risk of collision or, at the very least, the need to engage in emergency manoeuvres. For example, the International Space Station (ISS) was damaged in May 2021 when debris entered its robotic arm.

FOREX-Dollar weakens as Treasury yields fall; Omicron is worried Mon, 20 Dec 2021 21:22:33 +0000 [ad_1] By Saqib Iqbal Ahmed and Elizabeth Howcroft NEW YORK, December 20 (Reuters) – The dollar fell slightly on Monday as traders lowered US Treasury yields over the medium term following a blow to prospects for approving Democratic climate and social spending legislation in Washington and concerns about the continued spread of the Omicron coronavirus […]]]>


By Saqib Iqbal Ahmed and Elizabeth Howcroft

NEW YORK, December 20 (Reuters)The dollar fell slightly on Monday as traders lowered US Treasury yields over the medium term following a blow to prospects for approving Democratic climate and social spending legislation in Washington and concerns about the continued spread of the Omicron coronavirus variant.

US dollar currency index = USD was 0.1% less than 96.532. The index, up around 7% over the year, has recovered in recent weeks.

“I think there’s a lot of year-end flow right now,” said Kathy Lien, CEO of BK Asset Management. “With the fear of Omicron, with stocks dropping quite a bit, people are just liquidating and preparing for the year.”

U.S. Senator Joe Manchin, a conservative Democrat who is key to President Joe Biden’s hopes of passing a $ 1.75 trillion domestic investment bill, said on Sunday he would not back the package, attracting a harsh rebuke from the White House.

Manchin appeared to deal a fatal blow to Biden’s domestic policy bill, known as Build Back Better, which aims to extend the social safety net and tackle climate change.

For Treasury investors, this likely meant issuing less government debt and perhaps less pressure on the US Federal Reserve to raise interest rates. The yield on the three-year Treasury bill was 0.8936%, down 3.2 basis points in the late afternoon.

Goldman Sachs cut its quarterly GDP forecast for 2022, lowering the US GDP forecast for the first quarter of 2022 to 2% from 3%, ignoring the fact that Build Back Better would become law, and lowered the Q2 outlook at 3% from 3.5%, and its Q3 forecast at 2.75% against 3%.

With last week’s series of big central bank meetings over, investors have focused on the rapid spread of the Omicron variant.

The Netherlands entered detention on Sunday and local newspapers in Italy reported further restrictions were being considered there as well.

“Investor risk sentiment was undermined by new evidence over the weekend of the disruptive impact of the new Omicron COVID variant,” wrote Lee Hardman, currency analyst at MUFG, in a note to clients.

Fears that further restrictions will be imposed in Europe to contain Omicron have also weighed on investor appetites for riskier currencies.

Australian dollar AUD = fell 0.2%.

The pound GBP = fell 0.3% to a five-day low, struggling to stay above $ 1.32 against the dollar as a sense of risk aversion swept through financial markets and pressure increased on policymakers to slow the spread of Omicron.

Turkish lira TRY = made a massive turnaround on Monday night after President Erdogan introduced a series of measures that he said will ease the burden of the struggling currency on Turks, while promising to continue the low rate policy that led to the fall of the currency.

Meanwhile, bitcoin BTC = changed little that day at $ 46,939.87.

Global exchange rates

(Reporting by Saqib Iqbal Ahmed and Elizabeth Howcroft; editing by Ana Nicolaci da Costa, Jason Neely, Mark Heinrich and Jonathan Oatis)

((; @SaqibReports; +1 646 223 6054; Reuters messaging:

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


YouHodler awards Tesla Model 3 to winner of Greening Bitcoin initiative Thu, 16 Dec 2021 22:27:14 +0000 News and research before you hear about it on CNBC et al. Claim your 1-week free trial for Street Insider Premium here. Zug, Switzerland, December 16, 2021 (GLOBE NEWSWIRE) – (via Blockchain Wire) YouHodler, a fintech platform that helps both beginners and experts access the benefits of the crypto economy, announced the winners of its […]]]>

News and research before you hear about it on CNBC et al. Claim your 1-week free trial for Street Insider Premium here.

Zug, Switzerland, December 16, 2021 (GLOBE NEWSWIRE) – (via Blockchain Wire) YouHodler, a fintech platform that helps both beginners and experts access the benefits of the crypto economy, announced the winners of its campaign dedicated to highlighting the importance of reducing Bitcoin’s carbon footprint.

The winners of the YouHodler initiative to make Bitcoin greener are:

  • Michael from Moscow, Russia, who won a Tesla Model 3
  • Atlanta from Melbourne, Australia, which received a Vespa Elettrica scooter
  • Jean-Pierre from Brussels, Belgium, who got an electric mountain bike

Their photos are available here.

The campaign ran from September 1 to October 31. All prices directly contribute to reducing the carbon footprint as the switch to electric vehicles is considered one of the most important pillars in slowing climate change. YouHodler has also partnered with ImpactScope, which will offset the carbon footprint of Bitcoin transactions made by participants and donate to one of the following projects: Grassland Restoration in Kenya, Wetland Conservation in Borneo, or Forest Conservation. tropical in Brazil. Thanks to the collaboration, each participant was able to offset nearly 2.6 tonnes of carbon footprint (the total amount of emissions offset is 334.5 tonnes).

“On the one hand, crypto tokens have their undeniable advantages which are shared by users around the world. On the other hand, mining Bitcoin produces as much carbon dioxide as the entire country of Sri Lanka in a year, ”says Ilya Volkov, CEO and founder of YouHodler. “As a responsible crypto company, we felt it was important to step in and push the industry to work on this issue and ultimately make Bitcoin green.”

YouHodler’s solutions open up connections between crypto and the real world, allowing people to use their crypto assets without spending them. YouHodler helps people discover the benefits of holding cryptocurrency, avoiding negative or zero rates compared to traditional bank savings accounts. The main goal of the company is to get people to stop passive holding and start using crypto assets now. With YouHodler, users can buy and sell crypto anytime, use it for purchases, or put it into a reward account that earns up to 12% return. Additionally, they can trade cryptocurrencies, fiat, and stablecoins and get instant cash and crypto loans with their crypto assets serving as collateral.

About YouHodler

YouHodler is a fintech platform that helps people access the benefits of the crypto economy. It allows users to get instant cash and cryptocurrency loans, trade crypto, fiat, and stablecoins quickly and easily, and earn up to 12% APR + compound interest using crypto in their reward account. The platform has the highest loan-to-value ratio (90%) with minimum loan amounts starting at just $ 100 and accepts the top 30 coins as collateral with an instant credit card and bank withdrawals included. YouHodler supports BTC, BCH, BNB, ETH, LTC, XLM, XRP, DASH, HT, DOGE and other popular cryptocurrencies and tokens. User funds are protected by Ledger’s industry-leading, independently certified security technology and their insurance program. The company is a brand based in the EU and Switzerland. For more information, please visit

Trends 2022: our new world now demands a new way of thinking Sun, 12 Dec 2021 06:03:32 +0000 [ad_1] The sea is called the lungs of the earth. The land under the sea is a world full of diversity and abundance of life. Professor Gunter Pauli, an Australian citizen, gave a first idea of ​​the enormous economic potential. In 2010, at the invitation of the United Nations, the idea of ​​formulating a sustainable […]]]>


The sea is called the lungs of the earth. The land under the sea is a world full of diversity and abundance of life. Professor Gunter Pauli, an Australian citizen, gave a first idea of ​​the enormous economic potential. In 2010, at the invitation of the United Nations, the idea of ​​formulating a sustainable economic framework that respects the environment was expressed in his speech.

Blue economies are the water resources of the oceans, the resources of the oceans, and the economies that surround the oceans. Blue Economy means that the color of the sea is blue. This is why the sea-centric economy is called the blue economy. The main components of the blue economy are mineral resources, water resources, transport services, energy resources, tourism industry, etc. The planned use and sustainable development of these resources will bring enormous potential to the maritime economy. Like other countries in the world, Bangladesh will be able to use its marine resources for its economic development.

Bangladesh has already established absolute sovereignty and sovereignty over 1,17,173 km² of waters of the International Court of Justice (ICJ) on March 14, 2012 over the Bay of Bengal dispute with Bangladesh and Myanmar through conquest history of the sea. The mineral resources of the Bay of Bengal in the south of our country are not found in any other sea or bay in the world and it is said that whoever controls the Bay of Bengal will control all of South Asia . This is why the superpowers are trying to occupy the Bay of Bengal.

The blue economy is becoming more and more popular around the world today. By 2050, the world’s population will be around 950 million. We have to look at marine resources because we are forced to provide food for this huge population. The developed nations of the world are already exploiting marine resources and increasing their economic growth. Ninety percent of Indonesia’s national economy depends on the sea, and the government has already taken steps to ensure that, if implemented successfully, the value of resources extracted from the sea would be 10 times over budget. Australia currently derives $ 44 billion from its marine resources. Now the question is, what are the future prospects of the blue economy in the dark bay of Bangladesh’s maritime resources, how will Bangladesh be able to create jobs through the blue economy and what will be the future economy of Bangladesh ??

There is a ravine-like area in the Bay of Bengal in Bangladesh which is about 6 km long and is known as a fish sanctuary. There are 450 species of fish, 337 species of snails and oysters, 6 species of turtle, 36 species of shrimp, 10 species of dolphin and 5 species of lobster in the Bay of Bengal. These include the economic demand for snails, snails, crustaceans, crabs, octopus and sharks, and are widely regarded as food in many countries. There are also sea grasses, lianas, shrubs. Medicinal weeds of the Bay of Bengal are processed to make medicines for various diseases and among these weeds, Espirulin is the most valuable which is consumed as food in China, Japan and various European countries. It is possible to make different types of sauces, bitumen, etc. from marine fish with food, fish oil, which will create jobs and bring in huge amounts of foreign exchange. There is also a high demand for tuna in the Bay of Bengal.

According to the Bangladesh Atomic Energy Commission, the total mineral reserves of beach sand are 4.4 million tonnes. Of this total, the actual stock is 16 lakh 44,000 tons. Out of 16 types of minerals in the Bay of Bengal, there is a possibility of mining 1 million tons of mineral sand in 13 places. Molybdenum, manganese, crust, copper, lead, zinc, sulphide are found in the deep seabed, and clay raw materials from the cement industry have been found 30-60 km deep at the bottom from the sea. Monazite is a very valuable substance in mineral sands and is used in atomic bombs and nuclear reactors. At the bottom of the Bay of Bengal are ores called edible manganese, deposits of phosphorus, polymetallic sulphide. These ores refine rare metals, including cobalt and lead, and can be used in shipbuilding and chemical factories. There are also gems, pearls, gold, silver, corals and other precious stones.

Precious metals like uranium and thorium have been found in the deep and shallow seas of the Bay of Bengal. It is expected that 1 to 5 metric tonnes of salt will be exported if advanced technology is used in the production of good commercial salt along the coast. Black gold is found in Maheshkhali, Teknaf, Nijhum Island, Kuakata in Cox’s Bazar, which affects our economy.

It is dark in the gas field of the Bay of Bengal. There are 200 trillion cubic feet of gas reserves in 23 blocks of the Bay of Bengal from which rupee crores can be earned.

There is a potential tourism industry around the Bay of Bengal. Various industries will be formed around this industry and there will be huge jobs. Millions of tourists will flock to enjoy the natural beauty of the Bay of Bengal.

There is a possibility of increasing international trade through the Bay of Bengal. Bangladesh already builds ships to international standards and exports them abroad and currently Bangladesh is in 3rd position in ship exports. The shipbreaking industry is also gaining popularity around the world.

Businesses can grow locally and internationally with resources extracted from the sea. The demand for local products in the markets of Cox’s Bazar and Kuakata is high among tourists. The demand for this specialty has increased dramatically following recent corporate scandals.

The blue economy is not only the expansion of the ocean economy, but also the opening of new environmentally friendly horizons by mitigating the risks of climate change. In addition, the role of the sea in reducing poverty, increasing capital flows, developing investment-friendly and environmentally friendly infrastructure, reducing unemployment, creating jobs, he elimination of regional and gender disparities and sustainable development is immense. About 80 percent of the world’s food, livelihoods and trade is carried by sea.

It is possible to implement the blue economy by properly using the resources of the Bay of Bengal in Bangladesh. The Bay of Bengal is considered to be Bangladesh’s “jewel mine”. The Bay of Bengal, in the heart of Southeast Asia, is of great commercial importance because it is easy to communicate with different countries. The government of Bangladesh has already established an “Oceanographic Research Institute” in Cox’s Bazar district to advance the blue economy. Once again, the maritime economy has been a priority in the Bangladesh Delta Plan-2100 master plan. The Blue Economy Cell was formed in 2014. Therefore, with the proper use of the resources at the bottom of the Bay of Bengal, the wheel of Bangladesh’s economy will turn and the future looks bright.