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  • 2024 was big for bitcoin. States could see a crypto policy blitz in 2025 in spite of the risks

    2024 was big for bitcoin. States could see a crypto policy blitz in 2025 in spite of the risks

    HARRISBURG, Pa. — The new year will usher in the bitcoin-friendly administration of President-elect Donald Trump and an expanding lobbying effort in statehouses that, together, could push states to become more open to crypto and for public pension funds and treasuries to buy into it.

    Proponents of the uniquely volatile commodity argue it is a valuable hedge against inflation, similar to gold.

    Many bitcoin enthusiasts and investors are quick to criticize government-backed currencies as prone to devaluation and say increased government buy-in will stabilize bitcoin’s future price swings, give it more legitimacy and further boost an already rising price.

    But the risks are significant. Critics say a crypto investment is highly speculative, with so much unknown about projecting its future returns, and warn that investors should be prepared to lose money.

    Only a couple public pension funds have invested in cryptocurrency and a new U.S. Government Accountability Office study on 401(k) plan investments in crypto, issued in recent days, warned it has “uniquely high volatility” and that it found no standard approach for projecting the future returns of crypto.

    It has already been a landmark year for crypto, with bitcoin hitting $100,000, the U.S. Securities and Exchange Commission approving the first exchange-traded funds that hold bitcoin and crypto enthusiasts being cheered by Trump’s promise to make the United States the “bitcoin superpower” of the world.

    Lawmakers in more states can expect to see bills in 2025 to make them crypto-friendly as analysts say crypto is becoming a powerful lobby, bitcoin miners build new installations and venture capitalists underwrite a growing tech sector that caters to cryptocurrencies.

    Meanwhile, a new crypto-friendly federal government under Trump and Congress could consider legislation from Sen. Cynthia Lummis, R-Wyoming, to create a federal bitcoin reserve on which states can piggyback.

    A bill introduced last month in Pennsylvania’s House of Representatives sought to authorize the state’s treasurer and public pension funds to invest in bitcoin. It went nowhere before the legislative session ended, but it caused a stir.

    “I had a friend who is a rep down the road text me, ‘Oh my god, I’m getting so many emails and phone calls to my office,’ more than he ever did about any other bill,” said the measure’s sponsor, Republican Mike Cabell.

    Cabell — a bitcoin enthusiast who lost his reelection bid — expects his bill to be reintroduced by a colleague. And leaders of bitcoin advocacy group Satoshi Action say they expect bills based on their model bill to be introduced in at least 10 other states next year.

    Keith Brainard, research director for the National Association of State Retirement Administrators, said he doesn’t expect many public pension fund investment professionals, who oversee nearly $6 trillion in assets, to invest in crypto.

    Pension fund professionals take risks they deem to be appropriate, but bitcoin investing has a short track record, might only fit into a niche asset class and may not fit the risk-to-reward profile they seek.

    “There might be a bit of dabbling in bitcoin,” Brainard said. “But it’s difficult to envision a scenario in which pension funds right now are willing to make a commitment.”

    In Louisiana, Treasurer John Fleming helped make the state the first to introduce a system by which people can pay a government agency in cryptocurrencies.

    Fleming said he’s not trying to promote cryptocurrency, but rather sees the step as a recognition that government must innovate and be flexible in helping people make financial transactions with the state. He said he would never invest his money, or the state’s, in crypto.

    Fleming recalled meeting with a bitcoin lobbyist recently and came away unconvinced that bitcoin makes for a good investment.

    “My concern is that at some point it’ll stop growing and then people will want to cash in,” Fleming said. “And when they do, it could tank the value of a bitcoin.”

    In Pennsylvania, Treasury Department officials said they have the authority to decide for themselves if cryptocurrencies meet the agency’s investment standards under state law and don’t need new legislation.

    Still, a highly volatile asset is ill-suited to the agency’s need for predictability, considering it writes millions of checks a year. The overwhelming majority of the roughly $60 billion it invests at any given time is in short-term, conservative investments designed for an investment period of months, officials there said.

    Pension boards, which invest on a 30-year time horizon, may already hold small investments in companies involved in mining, trading and storing cryptocurrencies. But they have been slow to embrace bitcoin.

    That could change, said Mark Palmer, managing director and a senior research analyst at The Benchmark Company in New York.

    Pension boards got investment tools they like this year when the U.S. Securities and Exchange Commission approved the first exchange-traded funds that hold bitcoin and, in October, approved listings of options on those funds, Palmer said.

    Many “are likely in the process of getting up to speed on what it means to invest in bitcoin and kicking the tires, so to speak, and that’s a process that typically takes a while at the institutional level,” Palmer said.

    Several major asset managers like BlackRock, Invesco and Fidelity have bitcoin ETFs.

    In May, the State of Wisconsin Investment Board became the first state to invest when it bought $160 million worth of shares in two ETFs, or about 0.1% of its assets. It later scaled back that investment to $104 million in one ETF, as of Sept. 30. A spokesperson declined to discuss it.

    Michigan’s state investment board later reported about $18 million in bitcoin ETF purchases while a candidate for New Jersey governor, Steven Fulop, said that if elected he would push the state’s pension fund to invest in crypto.

    Fulop, the Democratic mayor of Jersey City, just across the Hudson River from Manhattan, has been preparing for months to buy bitcoin ETF shares for up to 2% of the city’s $250 million employee pension fund.

    “We were ahead of the curve,” Fulop said. “And I think that’s what you’re eventually going to see is this is widely accepted, with regard to exposure in all pension funds, some sort of exposure.”

    ___

    Follow Marc Levy on X at: https://x.com/timelywriter.

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  • From policy to personal life: What we need to achieve a zero-carbon lifestyle

    From policy to personal life: What we need to achieve a zero-carbon lifestyle

    Swedish environmental activist Greta Thunberg practises a low-carbon lifestyle by avoiding air travel and choosing alternative transportation methods, such as sailing for international trips, to minimise her carbon footprint. 

    On the other hand, American actor Adrian Grenier’s take on implementing a zero-carbon-based lifestyle is making small changes in day-to-day life, starting from switching single-use plastics with sustainable bamboo or metal straws. 

    It goes without saying that adopting a zero-carbon lifestyle is not just a choice, but an inevitable shift that will define the future of sustainable living for generations to come, especially in climate-vulnerable countries like Bangladesh.

    Global carbon emissions have been on an alarming rise, with 2024 registering 37.4 billion tonnes of global carbon dioxide (CO2), according to the Global Carbon Budget report.

    However, Bangladesh is a low-carbon emitter compared to the rest of the world. In 2022, each person in Bangladesh emitted an average of 0.65 tonnes of CO2 per capita, while the global average was much higher at 4.66 tonnes. 

    Even though Bangladesh contributes only 0.56% to global greenhouse gas emissions per year, it ranks the seventh extreme disaster risk-prone country in the world.

    Chief Advisor Dr Yunus recently suggested in his speech at COP29 that in order to survive, we need to create a counter-culture — a new lifestyle based on “zero waste and zero carbon”. However, he mentioned that this lifestyle would not be imposed, rather it would be a choice.

    For a developing country like Bangladesh, where awareness about sustainability is still quite low and convenience often takes precedence, widespread adoption of eco-friendly practices presents a significant challenge. 

    “Achieving a zero-carbon future is a long-term goal, requiring policies and actions that align with this pathway. Governments must focus on transitioning to renewable energy, supported by international investments and adequate climate finance, particularly for countries like Bangladesh,” says Farah Kabir, Country Director of ActionAid Bangladesh. 

    “This includes implementing global commitments, prioritising climate justice, and ensuring an equitable and inclusive transition to a low-carbon economy. Policies such as carbon pricing, investments in clean technology, and the development of renewable energy infrastructure are important in making this vision a reality,” she added.

    The impact of new policies

    Three months since taking office, the Interim Government of Bangladesh has implemented several noteworthy initiatives aimed at reducing the per capita carbon footprint.

    Key measures include banning plastic bags in supermarkets and eliminating the use of traditional bricks in public projects.

    “At the Chief Adviser’s office, all plastic items have been replaced with glass jars and containers. This shift has increased awareness among employees, and many of us have started adopting similar practices at home,” Nayem Ali, Assistant Press Secretary to the Chief Advisor told TBS.

    Sabina Sultana, a 50-year-old homemaker from Dhaka, shares how such policy changes can significantly influence personal habits.

    “When the plastic bag ban was enforced, I had no choice but to carry a jute bag for groceries. Over time, I made it a habit to keep a jute bag in my tote at all times. Now, I use it not just for supermarket shopping, but for carrying all other purchased items too,” she said.

    Bangladesh has implemented energy policy incentives towards the deployment of renewables in its energy mix in recent years.

    In 2020, the Sustainable and Renewable Energy Development Authority (SREDA) of Bangladesh finalised the National Solar Energy Roadmap 2021-2041, aiming to achieve a 40% share of renewable energy in the country’s commercial energy mix by 2041. The plan set targets of generating 9,000 MW of electricity from solar energy by 2030 and 30,000 MW by 2041. It also highlighted the potential benefits of importing low-cost renewable energy from neighbouring countries to boost the share of renewables in the energy mix.

    In a historic move, Bangladesh began importing hydroelectricity from Nepal on 15 November with 40MW via an Indian grid, following a trilateral power-sharing agreement between the three nations.

    In May this year, Dhaka North and South City Corporations announced a climate action plan aiming for 95% of private cars and all public transport to be electric by 2050. The government also had duty cuts in plans to promote electric vehicles.

    The interim government is also committed to renewable energy sources like rooftop solar power.

    Energy advisor Dr Muhammad Fouzul Kabir Khan has urged industries to install rooftop solar power to meet their own power requirements. Environment Advisor Syeda Rizwana Hasan said in a session at COP29 that rooftop solar installations could meet up to 40% of the nation’s renewable energy needs.

    Change starts at home

    Fahim Uddin Shuvo, founder of waste management and recycling organisation Garbageman Limited, believes that the first step towards this lifestyle is calculative consumption. 

    “The more we consume, the larger our carbon footprint becomes. For years, we’ve produced and consumed far more than what we actually need,” he explained.

    Adopting this mindset involves small, conscious choices: resisting the urge to buy yet another pair of identical black jeans just because you can afford it, skipping the extra piece of fried chicken at a buffet simply because it is available, or holding off on upgrading your laptop when the current one works perfectly well.

    Such habits of thoughtful restraint not only reduce personal consumption but also contribute significantly to lessening the demand for resource-intensive production, ultimately leading to a smaller environmental impact.

    On the other hand, Farah Kabir thinks achieving a zero-carbon lifestyle is an aspiration and requires gradual adaptation. While it is not easy, individuals can take steps toward this goal by adopting sustainable consumption patterns and eco-friendly practices. 

    “This includes reducing energy use with energy-efficient appliances, transitioning to renewable energy sources where possible, minimising waste through recycling and composting, choosing sustainable transportation such as cycling or public transport, and incorporating plant-based diets. By making mindful lifestyle changes, individuals can contribute to the journey toward zero-carbon living,” said Farah.

    Crying need for reasonable alternatives

    Behavioural changes in terms of net zero emissions occur more rapidly and significantly in advanced economies, contributing to a more balanced global distribution of per-capita energy consumption. That is why a shift in lifestyle is particularly important in richer parts of the world, where energy-intensive lifestyles are the norm.

    But developing countries like Bangladesh can also join this movement at their own capacity. 

    Take polythene for instance. Less than half the plastic waste in Bangladesh gets recycled while 48% reaches landfills, and the rest is either dumped in rivers or discarded in drains and other areas of the city corporations.

    Despite being a threat to the environment, its use is deeply integrated into our lifestyles. 

    Back in 2020, Ecovia emerged with an eco-friendly alternative. The venture introduced Bangladesh’s first biodegradable packaging from cotton-based garments wastage.

    “We have seen very few people who really don’t care about the environment. Many are aware of the harmful aspects related to environmental issues, while others are not and need to be educated,” said Rashik Hasan, co-founder and CEO of Ecovia.

    “We believe that those who are aware are ready to change their lifestyles. However, alternatives need to be made affordable and accessible. If they are not readily available, it becomes difficult to integrate them into daily life,” he added.

    Bangladesh’s ready-made garment (RMG) sector has transformed remarkably over the past decade, emerging as a global leader in sustainable manufacturing with the highest number of 228 green factories in the world. 

    And now, more and more buyers, including global brands like H&M, Marks & Spencer, and Inditex, prioritise environmentally responsible sourcing.

    “We should focus more on achieving zero emissions, zero discharge, and increased use of renewable energy, especially as many global brands have committed to reducing their carbon footprints, in line with the EU due diligence law,” said Shovon Islam, a director of BGMEA.

    Upcycling instead of recycling

    Over the years, a handful of fashion brands have emerged in the country that use deadstock fabrics from the garments industry, for instance, brands like Ami and Kanthal, founded by industrialist Asad Sattar.

    “It might come as a surprise, but most of the emerging online brands we have in the country are highly sustainable. They mostly use leftover or deadstock fabrics available in Bangladesh. No additional textile production is being created by these brands and thus leaves no new carbon footprint,” Asad said. 

    His mission is to uplift these brands with the right education about sustainability and effective curation. For his own brands, Asad sources raw materials responsibly with 100% traceability. In Asad’s words, every stage of the supply chain is tracked and traced — from cotton to the store.

    Small changes, big collective impact

    For the last couple of years, a number of organisations have been taking smart measures in their events to reduce the carbon impact; the recent Dhaka Flow Session, held in the capital’s Baridhara, stood out for its sustainable practices. 

    The event was committed to eliminating waste and promoting environmental consciousness. There were no digital displays, PVC materials, plastic waste, animal cruelty, leaflets, or flyers — ensuring an eco-friendly atmosphere. 

    “For all the stall owners, our strict guidance was to bring down the use of plastic to as low as possible. There was no use of disposable cutleries or plastic packaging. This is not something that is widely practised. It is incredible to witness how fast the entrepreneurs are catching up with this,” said Shazia Omar, the founder of Dhaka Flow and a yogini.

    Similarly, Arka Fashion Week, spearheaded by Asad Sattar, has emerged as a benchmark in sustainable public events.

    “Our sustainability practices at Arka Fashion Week helped us save 10,000 kg of carbon being released into the atmosphere. We did not allow the use of plastics but rather used upcycled and recycled materials. We also commit to plant one tree for every order placed in our store,” said Asad.

    A stronger waste management department

    According to Fahim Uddin Shuvo, the government should have a dedicated department for the waste management system, if not a dedicated ministry. 

    “This can play a powerful role in implementing the zero carbon concept. For waste management, policy level change and logistical channels play a bigger role than individual efforts, starting from collecting the waste to segregating them, to redirect or dispose of them,” he said. 

    “If we talk about organic waste, families can turn them into fertilisers and use them in gardens. This is a circular process to reduce the waste. But beyond that, they cannot contribute much,” Fahim added.

    For inorganic and e-waste, a strong and effective supply chain is mandatory from both organisational and government levels.

    “The last government mostly took top-down approaches and initiated some high-budget projects to make biofuel in collaboration with China, without consulting with the local stakeholders. Nothing was fruitful at the end of the day. I think this is the time to take bottom-up approaches,” he added

    Fahim’s venture Garbageman digitally organises the disparate group of actors in the waste collection supply chain under a single platform and encourages recycling. Currently, it also offers three services: Regen Vermicompost, a recycling platform, and zero waste consultancy.   

    Awareness, beyond anything

    A Time magazine article titled ‘Lifestyle changes aren’t enough to save the planet. Here’s what could‘, argues that policy change is the true solution. A more efficient approach than individual action is to put a price on carbon emissions and create incentives for renewable energy and reduced consumption.

    Indeed, policymakers need to recognise the barriers to behavioural changes and develop policies that make it easy for people to modify the way they use energy. There are several real-world examples of policies at both national and regional levels that inform, incentivise or sometimes mandate behavioural changes and consumer habits.

    According to Dr Khondaker Golam Moazzem, Research Director of the Centre for Policy Dialogue (CPD), a major challenge would be that we are not conceptually aware of such a lifestyle and its importance.

    Therefore, there is a need to run large-scale awareness campaigns nationwide. But again, habits must be developed from early childhood to bring about sustainable changes.

    “Developed nations are more aware of a zero-carbon or zero-waste lifestyle. Countries that are top carbon emitters must lead by example. Suppose the big countries do not reduce carbon emissions. In that case, it will be difficult for smaller countries to bring about significant change with their limited efforts,” Dr Moazzem told The Business Standard.

    “For developing countries like Bangladesh, aspects of a zero-carbon lifestyle that are cost-saving — meaning achievable within people’s current expenditure patterns — are easier to implement,” he added.

    To keep global warming to no more than 1.5°C — as called for in the Paris Agreement — emissions need to be reduced by 45% by 2030 and reach net zero by 2050.

    “A global framework is essential to guide countries in achieving the net zero carbon goal. Within this framework, each country should draw its own specific roadmaps,” he suggested.

    While the impact of behavioural changes in energy use may seem small, they play a crucial role as a starting point and can significantly contribute to progress over time. 

    Most recently, the Covid-19 pandemic showed that people are willing to adopt rapid and drastic changes to their behaviour in the face of a crisis. So, if a country is strictly committed to achieving the net zero target by 2050, citizens’ lifestyles and consumption patterns are also likely to shift automatically. 

    The government may not enforce the alternative lifestyle, but it must at least ensure that it is easily accessible. 



    Source link

  • From policy to personal life: What we need to achieve a zero-carbon lifestyle

    From policy to personal life: What we need to achieve a zero-carbon lifestyle

    Swedish environmental activist Greta Thunberg practises a low-carbon lifestyle by avoiding air travel and choosing alternative transportation methods, such as sailing for international trips, to minimise her carbon footprint. 

    On the other hand, American actor Adrian Grenier’s take on implementing a zero-carbon-based lifestyle is making small changes in day-to-day life, starting from switching single-use plastics with sustainable bamboo or metal straws. 

    It goes without saying that adopting a zero-carbon lifestyle is not just a choice, but an inevitable shift that will define the future of sustainable living for generations to come, especially in climate-vulnerable countries like Bangladesh.

    Global carbon emissions have been on an alarming rise, with 2024 registering 37.4 billion tonnes of global carbon dioxide (CO2), according to the Global Carbon Budget report.

    However, Bangladesh is a low-carbon emitter compared to the rest of the world. In 2022, each person in Bangladesh emitted an average of 0.65 tonnes of CO2 per capita, while the global average was much higher at 4.66 tonnes. 

    Even though Bangladesh contributes only 0.56% to global greenhouse gas emissions per year, it ranks the seventh extreme disaster risk-prone country in the world.

    Chief Advisor Dr Yunus recently suggested in his speech at COP29 that in order to survive, we need to create a counter-culture — a new lifestyle based on “zero waste and zero carbon”. However, he mentioned that this lifestyle would not be imposed, rather it would be a choice.

    For a developing country like Bangladesh, where awareness about sustainability is still quite low and convenience often takes precedence, widespread adoption of eco-friendly practices presents a significant challenge. 

    “Achieving a zero-carbon future is a long-term goal, requiring policies and actions that align with this pathway. Governments must focus on transitioning to renewable energy, supported by international investments and adequate climate finance, particularly for countries like Bangladesh,” says Farah Kabir, Country Director of ActionAid Bangladesh. 

    “This includes implementing global commitments, prioritising climate justice, and ensuring an equitable and inclusive transition to a low-carbon economy. Policies such as carbon pricing, investments in clean technology, and the development of renewable energy infrastructure are important in making this vision a reality,” she added.

    The impact of new policies

    Three months since taking office, the Interim Government of Bangladesh has implemented several noteworthy initiatives aimed at reducing the per capita carbon footprint.

    Key measures include banning plastic bags in supermarkets and eliminating the use of traditional bricks in public projects.

    “At the Chief Adviser’s office, all plastic items have been replaced with glass jars and containers. This shift has increased awareness among employees, and many of us have started adopting similar practices at home,” Nayem Ali, Assistant Press Secretary to the Chief Advisor told TBS.

    Sabina Sultana, a 50-year-old homemaker from Dhaka, shares how such policy changes can significantly influence personal habits.

    “When the plastic bag ban was enforced, I had no choice but to carry a jute bag for groceries. Over time, I made it a habit to keep a jute bag in my tote at all times. Now, I use it not just for supermarket shopping, but for carrying all other purchased items too,” she said.

    Bangladesh has implemented energy policy incentives towards the deployment of renewables in its energy mix in recent years.

    In 2020, the Sustainable and Renewable Energy Development Authority (SREDA) of Bangladesh finalised the National Solar Energy Roadmap 2021-2041, aiming to achieve a 40% share of renewable energy in the country’s commercial energy mix by 2041. The plan set targets of generating 9,000 MW of electricity from solar energy by 2030 and 30,000 MW by 2041. It also highlighted the potential benefits of importing low-cost renewable energy from neighbouring countries to boost the share of renewables in the energy mix.

    In a historic move, Bangladesh began importing hydroelectricity from Nepal on 15 November with 40MW via an Indian grid, following a trilateral power-sharing agreement between the three nations.

    In May this year, Dhaka North and South City Corporations announced a climate action plan aiming for 95% of private cars and all public transport to be electric by 2050. The government also had duty cuts in plans to promote electric vehicles.

    The interim government is also committed to renewable energy sources like rooftop solar power.

    Energy advisor Dr Muhammad Fouzul Kabir Khan has urged industries to install rooftop solar power to meet their own power requirements. Environment Advisor Syeda Rizwana Hasan said in a session at COP29 that rooftop solar installations could meet up to 40% of the nation’s renewable energy needs.

    Change starts at home

    Fahim Uddin Shuvo, founder of waste management and recycling organisation Garbageman Limited, believes that the first step towards this lifestyle is calculative consumption. 

    “The more we consume, the larger our carbon footprint becomes. For years, we’ve produced and consumed far more than what we actually need,” he explained.

    Adopting this mindset involves small, conscious choices: resisting the urge to buy yet another pair of identical black jeans just because you can afford it, skipping the extra piece of fried chicken at a buffet simply because it is available, or holding off on upgrading your laptop when the current one works perfectly well.

    Such habits of thoughtful restraint not only reduce personal consumption but also contribute significantly to lessening the demand for resource-intensive production, ultimately leading to a smaller environmental impact.

    On the other hand, Farah Kabir thinks achieving a zero-carbon lifestyle is an aspiration and requires gradual adaptation. While it is not easy, individuals can take steps toward this goal by adopting sustainable consumption patterns and eco-friendly practices. 

    “This includes reducing energy use with energy-efficient appliances, transitioning to renewable energy sources where possible, minimising waste through recycling and composting, choosing sustainable transportation such as cycling or public transport, and incorporating plant-based diets. By making mindful lifestyle changes, individuals can contribute to the journey toward zero-carbon living,” said Farah.

    Crying need for reasonable alternatives

    Behavioural changes in terms of net zero emissions occur more rapidly and significantly in advanced economies, contributing to a more balanced global distribution of per-capita energy consumption. That is why a shift in lifestyle is particularly important in richer parts of the world, where energy-intensive lifestyles are the norm.

    But developing countries like Bangladesh can also join this movement at their own capacity. 

    Take polythene for instance. Less than half the plastic waste in Bangladesh gets recycled while 48% reaches landfills, and the rest is either dumped in rivers or discarded in drains and other areas of the city corporations.

    Despite being a threat to the environment, its use is deeply integrated into our lifestyles. 

    Back in 2020, Ecovia emerged with an eco-friendly alternative. The venture introduced Bangladesh’s first biodegradable packaging from cotton-based garments wastage.

    “We have seen very few people who really don’t care about the environment. Many are aware of the harmful aspects related to environmental issues, while others are not and need to be educated,” said Rashik Hasan, co-founder and CEO of Ecovia.

    “We believe that those who are aware are ready to change their lifestyles. However, alternatives need to be made affordable and accessible. If they are not readily available, it becomes difficult to integrate them into daily life,” he added.

    Bangladesh’s ready-made garment (RMG) sector has transformed remarkably over the past decade, emerging as a global leader in sustainable manufacturing with the highest number of 228 green factories in the world. 

    And now, more and more buyers, including global brands like H&M, Marks & Spencer, and Inditex, prioritise environmentally responsible sourcing.

    “We should focus more on achieving zero emissions, zero discharge, and increased use of renewable energy, especially as many global brands have committed to reducing their carbon footprints, in line with the EU due diligence law,” said Shovon Islam, a director of BGMEA.

    Upcycling instead of recycling

    Over the years, a handful of fashion brands have emerged in the country that use deadstock fabrics from the garments industry, for instance, brands like Ami and Kanthal, founded by industrialist Asad Sattar.

    “It might come as a surprise, but most of the emerging online brands we have in the country are highly sustainable. They mostly use leftover or deadstock fabrics available in Bangladesh. No additional textile production is being created by these brands and thus leaves no new carbon footprint,” Asad said. 

    His mission is to uplift these brands with the right education about sustainability and effective curation. For his own brands, Asad sources raw materials responsibly with 100% traceability. In Asad’s words, every stage of the supply chain is tracked and traced — from cotton to the store.

    Small changes, big collective impact

    For the last couple of years, a number of organisations have been taking smart measures in their events to reduce the carbon impact; the recent Dhaka Flow Session, held in the capital’s Baridhara, stood out for its sustainable practices. 

    The event was committed to eliminating waste and promoting environmental consciousness. There were no digital displays, PVC materials, plastic waste, animal cruelty, leaflets, or flyers — ensuring an eco-friendly atmosphere. 

    “For all the stall owners, our strict guidance was to bring down the use of plastic to as low as possible. There was no use of disposable cutleries or plastic packaging. This is not something that is widely practised. It is incredible to witness how fast the entrepreneurs are catching up with this,” said Shazia Omar, the founder of Dhaka Flow and a yogini.

    Similarly, Arka Fashion Week, spearheaded by Asad Sattar, has emerged as a benchmark in sustainable public events.

    “Our sustainability practices at Arka Fashion Week helped us save 10,000 kg of carbon being released into the atmosphere. We did not allow the use of plastics but rather used upcycled and recycled materials. We also commit to plant one tree for every order placed in our store,” said Asad.

    A stronger waste management department

    According to Fahim Uddin Shuvo, the government should have a dedicated department for the waste management system, if not a dedicated ministry. 

    “This can play a powerful role in implementing the zero carbon concept. For waste management, policy level change and logistical channels play a bigger role than individual efforts, starting from collecting the waste to segregating them, to redirect or dispose of them,” he said. 

    “If we talk about organic waste, families can turn them into fertilisers and use them in gardens. This is a circular process to reduce the waste. But beyond that, they cannot contribute much,” Fahim added.

    For inorganic and e-waste, a strong and effective supply chain is mandatory from both organisational and government levels.

    “The last government mostly took top-down approaches and initiated some high-budget projects to make biofuel in collaboration with China, without consulting with the local stakeholders. Nothing was fruitful at the end of the day. I think this is the time to take bottom-up approaches,” he added

    Fahim’s venture Garbageman digitally organises the disparate group of actors in the waste collection supply chain under a single platform and encourages recycling. Currently, it also offers three services: Regen Vermicompost, a recycling platform, and zero waste consultancy.   

    Awareness, beyond anything

    A Time magazine article titled ‘Lifestyle changes aren’t enough to save the planet. Here’s what could‘, argues that policy change is the true solution. A more efficient approach than individual action is to put a price on carbon emissions and create incentives for renewable energy and reduced consumption.

    Indeed, policymakers need to recognise the barriers to behavioural changes and develop policies that make it easy for people to modify the way they use energy. There are several real-world examples of policies at both national and regional levels that inform, incentivise or sometimes mandate behavioural changes and consumer habits.

    According to Dr Khondaker Golam Moazzem, Research Director of the Centre for Policy Dialogue (CPD), a major challenge would be that we are not conceptually aware of such a lifestyle and its importance.

    Therefore, there is a need to run large-scale awareness campaigns nationwide. But again, habits must be developed from early childhood to bring about sustainable changes.

    “Developed nations are more aware of a zero-carbon or zero-waste lifestyle. Countries that are top carbon emitters must lead by example. Suppose the big countries do not reduce carbon emissions. In that case, it will be difficult for smaller countries to bring about significant change with their limited efforts,” Dr Moazzem told The Business Standard.

    “For developing countries like Bangladesh, aspects of a zero-carbon lifestyle that are cost-saving — meaning achievable within people’s current expenditure patterns — are easier to implement,” he added.

    To keep global warming to no more than 1.5°C — as called for in the Paris Agreement — emissions need to be reduced by 45% by 2030 and reach net zero by 2050.

    “A global framework is essential to guide countries in achieving the net zero carbon goal. Within this framework, each country should draw its own specific roadmaps,” he suggested.

    While the impact of behavioural changes in energy use may seem small, they play a crucial role as a starting point and can significantly contribute to progress over time. 

    Most recently, the Covid-19 pandemic showed that people are willing to adopt rapid and drastic changes to their behaviour in the face of a crisis. So, if a country is strictly committed to achieving the net zero target by 2050, citizens’ lifestyles and consumption patterns are also likely to shift automatically. 

    The government may not enforce the alternative lifestyle, but it must at least ensure that it is easily accessible. 



    Source link

  • US gathers allies to talk AI safety. Trump’s vow to undo Biden’s AI policy overshadows their work

    US gathers allies to talk AI safety. Trump’s vow to undo Biden’s AI policy overshadows their work

    President-elect Donald Trump has vowed to repeal President Joe Biden’s signature artificial intelligence policy when he returns to the White House for a second term.

    What that actually means for the future of AI technology remains to be seen. Among those who could use some clarity are the government scientists and AI experts from multiple countries gathering in San Francisco this week to deliberate on AI safety measures.

    Hosted by the Biden administration, officials from a number of U.S. allies — among them Canada, Kenya, Singapore, the United Kingdom and the 27-nation European Union — are scheduled to begin meeting Wednesday in the California city that’s a commercial hub for AI development.

    Their agenda addresses topics such as how to better detect and combat a flood of AI-generated deepfakes fueling fraud, harmful impersonation and sexual abuse.

    It’s the first such meeting since world leaders agreed at an AI summit in South Korea in May to build a network of publicly backed safety institutes to advance research and testing of the technology.

    Biden signed a sweeping AI executive order last year and this year formed the new AI Safety Institute at the National Institute for Standards and Technology, which is part of the Commerce Department.

    Trump promised in his presidential campaign platform to “repeal Joe Biden’s dangerous Executive Order that hinders AI Innovation, and imposes Radical Leftwing ideas on the development of this technology.”

    But he hasn’t made clear what about the order he dislikes or what he’d do about the AI Safety Institute. Trump’s transition team didn’t respond to emails this week seeking comment.

    Tech industry groups — backed by companies including Amazon, Google, Meta and Microsoft — are mostly pleased with the AI safety approach of Biden’s Commerce Secretary Gina Raimondo and have pushed for Congress to preserve the new agency and codify its work into law.

    Some experts expect the kind of technical work happening in San Francisco this week to proceed regardless of who’s in charge.

    “There’s no reason to believe that we’ll be doing a 180 when it comes to the work of the AI Safety Institute,” said Heather West, a senior fellow at the Center for European Policy Analysis. Behind the rhetoric, she said there’s already been overlap.

    Trump didn’t spend much time talking about AI during his four years as president, though in 2019 he became the first to sign an executive order about AI. It directed federal agencies to prioritize research and development in the field.

    Before that, tech experts were pushing the Trump-era White House for a stronger AI strategy to match what other countries were pursuing. Trump in the waning weeks of his administration signed an executive order promoting the use of “trustworthy” AI in the federal government. Those policies carried over into the Biden administration.

    All of that was before the 2022 debut of ChatGPT, which brought public fascination and worry about the possibilities of generative AI and helped spark a boom in AI-affiliated businesses. What’s also different this time is that tech mogul and Trump adviser Elon Musk has been picked to lead a government cost-cutting commission. Musk holds strong opinions about AI’s risks and grudges against some AI industry leaders, particularly ChatGPT maker OpenAI, which he has sued.

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  • Sebastian Coe pledges ‘clearcut policy’ on women’s sport in IOC pitch | Sebastian Coe

    Sebastian Coe has promised to introduce an “uncompromising and clearcut” policy to protect women’s sport and to look into awarding prize money to all Olympic medallists if he is elected International Olympic Committee (IOC) president.

    In a clear sign that Coe intends to be the change candidate in next March’s election, the World Athletics president also promised to make the IOC more open and democratic, and to do more to harness the talents of the organisation’s membership.

    Coe, who ran the London 2012 Games and is a double gold medallist, has the deepest CV of the seven candidates for the biggest job in global sports politics. However no Briton has held the presidency since the IOC was formed in 1894 and his candidacy is opposed by the current leader, Thomas Bach, who he fell out with after World Athletics banned Russian athletes.

    But in his first major interview since declaring his candidacy, Coe said he would not be a “vanilla” candidate and protecting the integrity of sport would be a key plank of his manifesto. For Coe that includes introducing far clearer rules when it comes to the issue of transgender athletes and athletes with a difference of sex development competing in the female category.

    Asked if he thought the current IOC guidance on the issue was too ambiguous, he replied: “Yes I do.” He also promised he would give “uncompromising” guidance to sports if elected. “It has to be a clearcut policy, and International Federations must have some flexibility,” he added. “But it is incumbent on the IOC to create that landscape. It’s a very clear proposition to me – if you do not protect [the female] category, or you are in any way ambivalent about it for whatever reason, then it will not end well for women’s sport. I come from a sport where that is absolutely sacrosanct.”

    The issue became a major story at the Paris Olympics boxing tournament with Algeria’s Imane Khelif and Taiwan’s Lin Yu-ting both winning gold medals after being banned from the 2023 world championships. The International Boxing Association (IBA), which ran the event, said it had tested both fighters and their “DNA was that of a male consisting of XY chromosomes”.

    Imane Khelif celebrates after being announced as the winner of her gold medal match in Paris. Photograph: Tom Jenkins/The Guardian

    However the IOC decided that Khelif and Lin should be allowed to fight in Paris as it said they were female on their passports. It also accused the IBA of violating medical and ethical norms by leaking the test results. Asked whether he winced when he saw the boxing in Paris, Coe replied: “I was uncomfortable.”

    Earlier this year, World Athletics introduced a $50,000 prize for all gold medallists in Paris. And Coe made it clear that he wanted the policy expanded to all sports in future Games given the IOC could afford it. “I have always talked about the wherewithal and the wellbeing of the athletes and giving them financial skin in the game,” said Coe. “I think that can be done in a way that is respectful of the Olympic philosophy but I have to accept we’re in a different landscape.”

    Coe has earned plaudits at World Athletics for tackling doping by introducing the Athletics Integrity Unit, banning Russia and ensuring a gender equal board. But he insisted that his best attribute was being a consensus builder.

    “One of my strengths is being good at building teams,” he said. “I did it in London. I did it at the National Olympic Committee. I did it at World Athletics. And I do, genuinely, work by consensus. But that doesn’t mean that on occasions I’m not prepared to make tough decisions.”

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    Asked whether the IOC needed to let the air in and be more democratic, Coe nodded. “You have got to give the members more voice. We’ve got exceptional people sitting in that membership, and I want to make sure that they are absolutely utilised to the best of their ability.

    “There are people in the movement that would be first pick on any international board. And I’m not just talking about commercial people – we’ve got cultural leaders, filmmakers, educationalists, coaches, athletes, media owners, royal families and politicians.

    Coe also made it clear he believed he could be a catalyst for change. “I have been in training for this for most of my life,” he said. “I think I can make a difference, and I do have a plan and a vision for what that difference looks like.

    “I think change is necessary, but in a respectful and sensible and thoughtful way, not at the risk of destabilising. We’re in a fast-changing landscape, and change is absolutely crucial. I have a passion for the Olympic movement. It’s been my life.”

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  • Telangana CM Revanth Reddy for comprehensive sports policy with eye to 2036 Olympics

    Telangana CM Revanth Reddy for comprehensive sports policy with eye to 2036 Olympics

    Chief Minister A. Revanth Reddy has directed officials concerned to prepare a comprehensive sports policy that will help in honing the skills of sportspersons and ensuring that they bring laurels to Telangana in international sports arena.

    The new sports policy should focus on long-term objectives with Olympics 2036 in view so that sportspersons from Telangana will excel in sports at the global level. The Chief Minister held a review meeting with senior officials on the progress of preparation of the new sports policy. Mr. Revanth Reddy has been vocal about promoting sports infrastructure since he took over the reins, claiming that the State had adequate resources but there was no policy in the last 10 years to harness the skills of young sportspersons and ensure their participation in international events.

    The meeting discussed the policies adopted by different States and countries to encourage sportspersons, and called for steps to promote best practices in this regard. Steps should be taken to see that the proposed Sports University was developed as Young India Physical Education and Sports University. The sports university could be developed in a public-private partnership mode on the lines of the Skill University.

    Accordingly, steps should be taken to constitute a board for the sports university with eminent persons and it should be an autonomous institution. It was decided in principle to introduce 13 courses in the proposed university in disciplines like cricket, hockey, football, basketball, swimming and others.

    The existing stadium at Gachibowli could be utilised for the sports university as it had 70 acres where facilities for different sports events could be created. Simultaneously, steps should be taken to ensure that all the major stadiums and grounds in the GHMC area were brought under one umbrella for their effective management.

    The Chief Minister wanted the officials to identify talented youngsters for training them to participate in national and international events without disturbances to their education. The proposed sports policy should encompass steps in this direction. In addition to considering the geographical conditions, focus should be on promoting the sports in which youth of the State evinced interest. The officials concerned could enlist the support of the universities abroad as well as coaches through MoUs.

    He directed the officials to study the process for awarding incentives to sportspersons who excelled in their respective fields and submit a comprehensive report in this regard. The policy should keep in mind the requirements to ensure that sportspersons from Telangana secure medals in the 2036 Olympics.

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