About-
Future Earth is built on many decades of international research on global environmental change carried out by projects sponsored by DIVERSITAS, the International Geosphere-Biosphere Programme (IGBP) and the International Human Dimensions Programme (IHDP).
Over 20 projects, ranging from the Global Carbon Project to the Earth System Governance project, have joined Future Earth. From this intellectual base Future Earth is launching Knowledge-Action Networks to catalyze new research and partnerships around eight key challenges to global sustainability.
Launched in 2015, Future Earth is a 10-year initiative to advance Global Sustainability Science, build capacity in this rapidly expanding area of research and provide an international research agenda to guide natural and social scientists working around the world.
Mission and principles-
Future Earth’s mission is to “build and connect global knowledge to intensify the impact of research and find new ways to accelerate sustainable development”. Its vision is for “people to thrive in a sustainable and equitable world”. To do this, Future Earth aims to mobilize the international community of global environmental science researchers to:
- Inspire and create interdisciplinary science relevant to major global sustainability challenges
- Deliver products and services that society needs to meet these challenges
- Co-design and co-produce solutions-oriented science, knowledge and innovation for global sustainable development
- Build capacity among scholars world-wide
Core Projects-
- AIMES (Analysis, Integration and Modelling of the Earth System)
- bioDISCOVERY
- bioGENESIS
- CCAFS – Climate Change, Agriculture and Food Security, a collaboration among the CGIAR Consortium of International Agricultural Research Centers
- ecoHEALTH
- ecoSERVICES
- ESG – Earth System Governance
- GCP – Global Carbon Project
- GLP – Global Land Project
- GMBA – Global Mountain Biodiversity Assessment
- GWSP – Global Water System Project
- IGAC – International Global Atmospheric Chemistry
- IHOPE – Integrated History and Future of People on Earth
- ILEAPS – Integrated Land Ecosystem-Atmosphere Processes Study
- IMBER – Integrated Marine Biogeochemistry and Ecosystem Research
- IRG – Integrated Risk Governance Project
- LOICZ – Land-Ocean Interactions in the Coastal Zone
- MAIRS – Monsoon Asia Integrated Regional Study
- PAGES – Past Global Changes
- PECS – Programme on Ecosystem Change and Society
- SOLAS – Surface Ocean-Lower Atmosphere Study
- UGEC – Urbanization and Global Environmental Change
Receive Daily Updates
Recent Posts
Petrol in India is cheaper than in countries like Hong Kong, Germany and the UK but costlier than in China, Brazil, Japan, the US, Russia, Pakistan and Sri Lanka, a Bank of Baroda Economics Research report showed.
Rising fuel prices in India have led to considerable debate on which government, state or central, should be lowering their taxes to keep prices under control.
The rise in fuel prices is mainly due to the global price of crude oil (raw material for making petrol and diesel) going up. Further, a stronger dollar has added to the cost of crude oil.
Amongst comparable countries (per capita wise), prices in India are higher than those in Vietnam, Kenya, Ukraine, Bangladesh, Nepal, Pakistan, Sri Lanka, and Venezuela. Countries that are major oil producers have much lower prices.
In the report, the Philippines has a comparable petrol price but has a per capita income higher than India by over 50 per cent.
Countries which have a lower per capita income like Kenya, Bangladesh, Nepal, Pakistan, and Venezuela have much lower prices of petrol and hence are impacted less than India.
“Therefore there is still a strong case for the government to consider lowering the taxes on fuel to protect the interest of the people,” the report argued.
India is the world’s third-biggest oil consuming and importing nation. It imports 85 per cent of its oil needs and so prices retail fuel at import parity rates.
With the global surge in energy prices, the cost of producing petrol, diesel and other petroleum products also went up for oil companies in India.
They raised petrol and diesel prices by Rs 10 a litre in just over a fortnight beginning March 22 but hit a pause button soon after as the move faced criticism and the opposition parties asked the government to cut taxes instead.
India imports most of its oil from a group of countries called the ‘OPEC +’ (i.e, Iran, Iraq, Saudi Arabia, Venezuela, Kuwait, United Arab Emirates, Russia, etc), which produces 40% of the world’s crude oil.
As they have the power to dictate fuel supply and prices, their decision of limiting the global supply reduces supply in India, thus raising prices
The government charges about 167% tax (excise) on petrol and 129% on diesel as compared to US (20%), UK (62%), Italy and Germany (65%).
The abominable excise duty is 2/3rd of the cost, and the base price, dealer commission and freight form the rest.
Here is an approximate break-up (in Rs):
a)Base Price | 39 |
b)Freight | 0.34 |
c) Price Charged to Dealers = (a+b) | 39.34 |
d) Excise Duty | 40.17 |
e) Dealer Commission | 4.68 |
f) VAT | 25.35 |
g) Retail Selling Price | 109.54 |
Looked closely, much of the cost of petrol and diesel is due to higher tax rate by govt, specifically excise duty.
So the question is why government is not reducing the prices ?
India, being a developing country, it does require gigantic amount of funding for its infrastructure projects as well as welfare schemes.
However, we as a society is yet to be tax-compliant. Many people evade the direct tax and that’s the reason why govt’s hands are tied. Govt. needs the money to fund various programs and at the same time it is not generating enough revenue from direct taxes.
That’s the reason why, govt is bumping up its revenue through higher indirect taxes such as GST or excise duty as in the case of petrol and diesel.
Direct taxes are progressive as it taxes according to an individuals’ income however indirect tax such as excise duty or GST are regressive in the sense that the poorest of the poor and richest of the rich have to pay the same amount.
Does not matter, if you are an auto-driver or owner of a Mercedes, end of the day both pay the same price for petrol/diesel-that’s why it is regressive in nature.
But unlike direct tax where tax evasion is rampant, indirect tax can not be evaded due to their very nature and as long as huge no of Indians keep evading direct taxes, indirect tax such as excise duty will be difficult for the govt to reduce, because it may reduce the revenue and hamper may programs of the govt.