Nepal should be accorded ‘Carbon Credit’ and ‘Oxygen Debit’
Nowadays ‘Carbon Credit’ is in focus across the commercial world. Most of the economists think about ‘Carbon Credit’, but to the best of my knowledge no one thinks about ‘Oxygen Debit’.
As we know Nepal is categorized as an underdeveloped country, but in my opinion this is the typical thinking of economists regarding classification as developed, developing & underdeveloped countries. Though Nepal may be poor in capital, technology or basic industry but it has plenty of manpower & greenery.
There are crores of trees across number of mountains in Nepal which release tons of oxygen daily in the atmosphere. This plenty of oxygen is being used by the world, but no country ever feels like recognizing this contribution of Nepal in oxygen abundance.
Now with a new government in place in Nepal and with democracy likely to be stable in the present scenario, it is high time this issue is discussed across the world regarding Nepal & other countries like it should be recognized as contributors of oxygen to the nature. And in lieu of it other countries should pay them a fee or a price for their role in oxygen abundance & reducing carbon, which should be determined by a global convention after talks on this issue. And in my opinion oxygen should be recognized as an asset to be debited & carbon as a income to be credited according to a simple accounting system followed by the world and the price for which would be decided after the said talks.
I would like to welcome your comments on this issue to do justice to the people of Nepal.
Regards
CA Pankaj Jaiswal
pankaj@ascoca.com
+91 98196 80011
Mumbai ( India)
Plenticity
.
Nowadays ‘Carbon Credit’ is in focus across the commercial world. Most of the economists think about ‘Carbon Credit’, but to the best of my knowledge no one thinks about ‘Oxygen Debit’.
As we know Nepal is categorized as an underdeveloped country, but in my opinion this is the typical thinking of economists regarding classification as developed, developing & underdeveloped countries. Though Nepal may be poor in capital, technology or basic industry but it has plenty of manpower & greenery.
There are crores of trees across number of mountains in Nepal which release tons of oxygen daily in the atmosphere. This plenty of oxygen is being used by the world, but no country ever feels like recognizing this contribution of Nepal in oxygen abundance.
Now with a new government in place in Nepal and with democracy likely to be stable in the present scenario, it is high time this issue is discussed across the world regarding Nepal & other countries like it should be recognized as contributors of oxygen to the nature. And in lieu of it other countries should pay them a fee or a price for their role in oxygen abundance & reducing carbon, which should be determined by a global convention after talks on this issue. And in my opinion oxygen should be recognized as an asset to be debited & carbon as a income to be credited according to a simple accounting system followed by the world and the price for which would be decided after the said talks.
I would like to welcome your comments on this issue to do justice to the people of Nepal.
Regards
CA Pankaj Jaiswal
pankaj@ascoca.com
+91 98196 80011
Mumbai ( India)
Plenticity
.
Comments
trees release oxygen to prepare its food with use of carbon but the consumption of carbon in whole is very less by trees comparing to total consumption of carbon by nature.
90% of carbon is consumed by sees, so saying such type of worthless remarks have no value.
in fact, rest of the time trees itself use oxygen, thats why scientificly it has not allowed to sleep under trees at night because at night trees only consume oxygen and not relese oxygen.
Nepal is not keen to save wild or wild animals,it has no any record to keep the forests maintained but its the difficult geographic structure which has saved trees in Nepal
if any country is really wanted for this debit/credit south Africa and mauritius are the real hero's