In today's time probably renewable energy is the solution of many environmental problems.
In this article we will have an idea of its relevance and how this sector can be pushed ahead by help of banking sector in India. But before moving ahead it is necessary to get acquainted to few relevant terms for understanding importance of Renewable Energy.
Greenhouse:
A greenhouse is a chamber made of glass where the temperature and atmosphere is regulated in such manner inorder to create an environment which is conducive for the existence and growth of certain plants, insects, animals, birds, fish and even human beings. All these structures are closed chambers where the temperature is controlled in such a manner, so as to create an environment similar to the various temperate zones of our planet earth and the vegetation of those areas are grown. Even if you visit during the winter, when snow is all around, the environment within the glass house would be different from the environment outside.
In the same manner, our planet earth's atmosphere also acts like a greenhouse. The energy from the Sun does enter the atmosphere of Earth but not all of it can escape. The heat generated from the energy of the Sun is absorbed by greenhouse gases such as water vapour, methane, nitrous oxide, ozone, carbon dioxide and other gases which are referred as halocarbons. Eventually the heat is released, only to be absorbed by another greenhouse gas. This phenomenon is necessary to maintain a temperature which is suitable for living things. However, if the heat thus absorbed keeps on increasing then it leads to global warming which is a matter to be alarmed about.
Global Warming and Renewable Energy:
This story is from the July 2019 edition of BANKING FINANCE.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Sign In
This story is from the July 2019 edition of BANKING FINANCE.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Sign In
'Deep Fake' - an emerging risk for Banking & Financial Sector
Deepfake KYC fraud is a growing concern in India, where fraudsters leverage AI-generated deepfake videos and images to bypass Know-Your-Customer (KYC) verification processes. This has significant implications for financial institutions, fintech companies, and other organizations that rely on KYC to verify the identity of their customers.
RBI CIRCULAR
Operational framework for reclassification of Foreign Portfolio Investment to Foreign Direct Investment (FDI) - November 11, 2024
India's Fiscal Discipline: A Path to Economic Stability and Growth
In a significant economic development, the fiscal deficit for the financial year 2023-2024 (FY24) has been recorded at 5.6% of GDP, falling below the government's revised estimate. This unexpected positive outcome highlights effective fiscal management and a recovering economy, offering a ray of optimism amidst global economic uncertainties.
Augmenting Productivity by Embracing Employee Engagement
As the world's largest coffeehouse chain, Starbucks is a brand that understands the value its employees add to the business. At Starbucks, every employee knows they are valued members of the team. It took Starbucks some time to do this. They have prioritized implementing employee-friendly rules from the beginning.
Ethics in Artificial Intelligence: Navigating the Future Responsibly
Ethics in AI encompasses a wide range of issues, including fairness, accountability, transparency, and the potential for bias. At the core of these discussions lies the question: How do we ensure that AI serves humanity rather than undermines it? As AI systems increasingly influence critical areas such as healthcare, finance, and law enforcement, the stakes are high.
Digital Banking: The Need of the Hour
Development of an economy, especially economic growth primarily depends on industrial development. The industries depend on financial institutions support for funds especially from banks. Banks encourage individuals save and mobilise funds from bank deposits.
Cyber Crimes in Banking: India's Battle Against the Digital Menace
The increasing adoption of digital banking services has transformed the way Indian consumers engage with banks. According to research from the Reserve Bank of India (RBI), the country's digital payment ecosystem expanded by approximately 55% between 2021 and 2023.
Legal News
The Supreme Court (SC) ruled that clauses allowing public sector undertakings (PSUs) to unilaterally appoint arbitrators to resolve disputes with private contractors are invalid.
The Rise Of Green Marketing: Driving Sustainable Change
Green marketing refers to the practice of promoting products or services that are environmentally friendly or sustainable. It involves incorporating eco-friendly elements into various aspects of marketing strategies, including product development, packaging, advertising, and distribution.
ICICI Bank partners with PhonePe to offer instant credit on UPI
ICICI Bank announced that it has partnered with PhonePe to offer instant credit on UPI to its pre-approved customers on the app of the digital payments company.
