There is a possibility of severe devastation due to Biparjoy Cyclone
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This port plays an important role in the export of diesel to Europe. Europe’s oil imports from Asian countries have increased after the European Union’s restrictions on Russia. Adani Group has also stopped its operations in that area for the time being. Adani’s Mundra port has been closed for the time being. It is the busiest container port in the country. Along with this, the oil ports of Vadinar and Sikka have also been closed. Along with this, work is also closed in Kandla, Okha, Bedi, and Navlakhi. Mundra is the largest commercial port in the country. It also has the country’s largest coal import terminal.
what a disaster
Odisha had suffered a loss of about Rs 9,336.26 crore due to Cyclone Fani in 2019. According to a UN report, India suffered an economic loss of Rs 1.16 lakh crore in May 2020 due to Cyclone Amphan on the India-Bangladesh border. A year later, a cyclone named Yas caused havoc in the eastern parts of the country. According to media reports, West Bengal had suffered a loss of $ 2.76 billion due to this. If the loss of Odisha and Jharkhand is also added to this, then it works out to seven to eight billion dollars.
It takes a long time to get back on track after the devastation caused by the storm. Due to this the crop gets ruined, due to which the prices of food items increase. Also, the financial burden on the state and central government increases. The storm puts a strain on healthcare services and affects electricity and water supplies. Transportation system, trade and commerce are also badly affected. Due to the flood caused by the storm, the fertile land becomes barren overnight. Infrastructure like roads, bridges and power lines are also destroyed due to the cyclone. Industries and business activity are affected due to all these reasons. All these have a bad effect on the economy.
India’s ranking
According to the ECG Ratings Service of The Economist Intelligence Unit, India’s ranking on Environment Pillar is 144 out of 151 countries. This means that India needs to do a lot on the front of decarbonization, waste and waste water management and environment. According to RBI, by 2030, India will need Rs 85.6 lakh crore for climate change adaptation.
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