An Augmented Approach to Sustainable Financing in an Indian Road Project

Proceedings of The 4th International Conference on Advanced Research in Management, Business and Finance

Year: 2022

DOI:

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An Augmented Approach to Sustainable Financing in an Indian Road Project

Aditya Thakur, Rahul Verma

ABSTRACT: 

This paper aims to provide an alternative approach to sustainably finance a 65 km road project in Karnataka, India. As per the reports, a total of 30,000 trees is being cut down to accomplish this project. Studies have stated that a mature tree can produce approximately 118 kg of oxygen in one year. Using this data, loss in oxygen from the affected area is estimated and provided in this paper. NASA earth observatory claimed that 70% of earth’s oxygen is produced by phytoplankton present in the ocean. Mathematical calculations carried out in this research reported that Phytoplankton produces 133.34% more oxygen than trees. Considering previous studies and observations construction of six phytoplankton ponds, one after every 10 km is proposed in the paper. This article also provides a list of materials required to produce phytoplankton along with pricing of each product. Moreover, a comparison between forest plantation (30,000 trees) and construction of six phytoplankton ponds is carried out. As, this comparison involves graphical representation reflecting the amount of O₂ produced by trees and phytoplankton, it also provided an overview of funds required for forest plantation and constructing six phytoplankton ponds. Considering every essential factor and material requirement, a financing report is an important asset of this research.

keywords: Phytoplankton, Green Bonds and Sustainable Financing (SF).