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Economic and Finance for Society Inititative

Members engaged: Amlan Das Gupta, Sudipta Sen and Soumyadip Roy 

 Members of the centre have worked on the following projects in this field:

  1. The impact of the Indian dairy sector on the environment through its incidence on methane gas emissions.

This research agenda has been pursued by Amlan Das Gupta along with other co-authors.  

Published paper: 

Gupta, R., Dasgupta, A. Milk will drive methane emissions in India. Climatic Change 161, 653–664 (2020)

Livestock is a significant contributor to global anthropogenic emissions of methane, a short-lived greenhouse gas that is responsible for about 20% of the warming induced by greenhouse gases since pre-industrial times. India is a major contributor to these emissions, and its demand for livestock products is continually increasing in response to both growth in incomes and in population. We estimate methane emissions from livestock in India by estimating the demand for milk and milk products using countrywide representative consumption data over the period 1983–2012. We find that the average annual growth rate of methane emissions from dairy cattle is about twice as large (2.4%) as current estimates that do not take into account the economic factors that influence livestock demand.

2. Atmospheric consequences of trade and human development
Sudipta Sen has pursued this agenda.

Pulished work:

Sinha, A., and Sen, S. (2016). Atmospheric consequences of trade and human development: A case of BRIC countries. Atmospheric Pollution Research, 7(6), 980-989.

This paper looks into the causal association between economic growth, CO2 emission, trade volume, and human development indicator for Brazil, Russia, India, and China (BRIC countries) during 1980-2013. Following a generalized method of moments (GMM) technique, we have found out that bidirectional causality exists between CO2 emissions and economic growth. Feedback hypothesis is supported between CO2 emissions and human development, trade volume and human development, economic growth, and human development, and CO2 emissions and trade volume. Apart from finding out the unidirectional association from trade volume to economic growth, this study also validated the existence of Environmental Kuznets curve. Empirical findings of the study substantiate that the policymakers of the BRIC nations must focus on the green energy initiatives, either by in-house development or by technology transfer. This movement will allow them to control the ambient air pollutions prevalent in these nations.