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Aravallis & Intergenerational Equity & Mining Minerals - Coggle…
Aravallis & Intergenerational Equity & Mining Minerals
Intro
CI
Aravalli Mountain Range
Span four states- GJ,RJ,HR,DL
never continuous
even more broken
due to mining and
construction activities
MB
BP/GE/IS
Degradation
loss of forest cover area
threatens
Gurugram
National´s capital regions water security
Ecological Impact
no longer provide fodder
not bringing rain
ground water depleting
due to over-extraction
field turned to a desert
termite problem
triggered changes in crop patterns
due to mining
deleterious to aquifers
disturbed the water flow
result in drying of lakes
Denudation of forests
caused intensity Dust storms
in northern and central Aravallis tracts
P
Concept of IE
idea of fairness
or justice btw geneartion
Intergenerational Equity (IE)
in economic, psychological, and sociological context
India’s National Mineral Policy 2019 States
“natural resources, including minerals, are a shared inheritance where the state is the trustee on behalf of the people to ensure that future generations receive the benefit of inheritance.”
Nation should change
our paradigm to understand minerals
as a "shared inheritance"
not a source of "revenue"
S & ENV
principle of IE
make it imperative for us
to ensure future geneartions inherit
at least as much as we did
consume
what we have inherited
without thought for
future generations
leave whole world poorer
principles of fair mining
fully constitutional,
promoting justice
liberty, equality, and fraternity.
fulfil our duties
E
Selling minerals
lower than than
what they are worth
E.g. State of Goa
lost more than
95% of the value
sold mineral wealth worth
Rs.100 to Rs.5 a loss of Rs.95
this leaves neither minerals
nor their value for
future generations to inherit
E.g Norway
entire mineral sale
proceeds must be saved
in Future Generations Fund (FGF)
FGF
passively invested through
National Pension Scheme framework