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Upcoming Challenges to Bangladesh Lubricants Oil Market

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By   Zulker Naeen Bangladesh’s economy is expected to grow at 6.9 in the current fiscal year (FY18) while the inflation will remain within 6%, according to the latest report of the Asian Development Bank (ADB). Bangladesh attained 7.2% GDP growth in the last fiscal year despite ADB’s forecast of 6.9% growth while Bangladesh was able to contain inflation at 5.4% in the last financial year. Perhaps, the booming economy of Bangladesh is now being considered as a key for analyzing its lubricants oil industry, however, it is the most unresearched market in general, even from the global perspective. However, the Bangladesh market observed a few segments like passenger vehicle oil, motorcycle oil, truck and heavy-duty engine oil, and industrial oil, etc. More segments like railway oil, marine oil, and aviation oil are insignificant compared with other lubricant oil segments. However, the barrel oil segment, especially the monograde market still holds the s...

Bangladesh Barrel Market to Lose Brand Value Soon

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This report published in Towards Biz Bangladesh attained 7.2% GDP growth in the last fiscal year despite ADB’s forecast of 6.9% growth while Bangladesh was able to contain inflation at 5.4% in the last financial year. Perhaps, the booming economy of Bangladesh is considered as a business opportunity for lubricants oil, however, it is the most unresearched market in general. Few statistical data, old news reports and market insights are available, however, those are insignificant in a sense. However, the traditional practice, distribution policy, credit business, liberal toll blending, existing lubricants oil marketer, newly entrant brands, and the lack of awareness of lubricants oil product has already made this market unpredictable. In terms of category,   Bangladesh lubricants oil market , observed as few segments like passenger vehicle oil, motorcycle oil, truck and heavy-duty engine oil, and industrial oil, etc. More segments like railway oil, marine oil, and aviat...

Addressing ‘Loss and Damage’ is a challenge for vulnerable countries

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The latest round of UN climate talks has ended up without a clear direction about how climate adaptation measures would be funded in vulnerable countries, such as Bangladesh, putting the discussion on hold until next year’s climate summit. The parties attending the COP23 in Germany expressed the need for another year to finalize the guidelines for implementing the 2015 Paris Agreement by 2020.This followed a rejection by the developed countries of a demand for finance to cover climate change-induced Loss and Damage in vulnerable developing countries. However, the UNFCCC finally integrated ‘ Loss and Damage ’ in its current agenda, considered as a third plank in the worldwide effort to combat climate change, along with mitigation and adaptation.  Therefore, Warsaw International Mechanism for ‘Loss and Damage’ in 2013, got embedded institutionally within the international climate regime - to expand the understanding of climate consequences and to find a...

Climate Change: Insurance For ‘Loss and Damage’ is a Puzzle

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The UN climate talks, the COP23 concluded in November without deciding how climate adaptation measures will be funded in vulnerable countries such as Bangladesh. The discussion on the matter was put on hold until next year’s climate summit. Also, the parties attending COP 23 expressed the need for another year to finalise the guidelines for implementing the 2015 Paris Agreement by 2020. This followed a rejection by the developed countries of a demand for finance to cover climate change-induced Loss and Damage in vulnerable developing countries. However, the United Nations Framework Convention on Climate Change (UNFCCC) finally integrated 'Loss and Damage' in its current agenda, considered as a third pillar in the worldwide effort to combat climate change, along with mitigation and adaptation. The issue of ‘Loss and Damage’ has emerged because the existing mitigation commitments and actions are inadequate to prevent dangerous climate change-related impacts. Like ot...

South Asia Grosses Health Uncertainty

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To ensure health security under unavoidable climate change in the 1.5°C–2°C global warming pathway has already made Asia’sstatus challenging owing to the disruption of the functioning ecosystem and manifold uncertainties.In their recent report, titled “A Region at Risk: The Human Dimensions of Climate Change in Asia and the Pacific,” has highlighted the death rates, temperature rise, and heatwaves, the pattern of rainfall, record number of flooding, agriculture biodiversity would lead to drastic changes in the region’s fate.Therefore, these key indicators demand a focus on the status of health hazards in this region to realize that overall health concerns are greatly affected by the adverse effects of climate change. According to the World Health Organization (WHO), about 150 000 deaths occur worldwide in low-income countries every year owing to the adverse effects of climate change, crop failure and malnutrition, floods, diarrheal diseases and malaria, where India, Pakistan, ...

Climate Change and Spread of Dengue and Malaria in Asia

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Climate change creates new uncertainties for human exposure to  vector-borne diseases , and this is especially true for dengue fever and malaria. The changing weather patterns affect the development and dynamics of the disease vectors and the pathogens they carry. The range of Aedes mosquitos is changing, with dengue fever and the chikungunya virus emerging in areas where they were previously unknown. There is evidence that the geographic range of ticks and mosquitoes that carry disease has changed in response to climate change. As temperatures warm, mosquitoes and other warm-weather  vectors  can move into higher altitudes and new regions farther from the equator. Increased rainfall, flooding, and humidity creates more viable areas for vector breeding and allows breeding to occur more quickly, as eggs hatch faster in hotter climates. According to  data from the World Health Organization , deaths related to vector-borne diseases such as malaria and dengue...

Success on Solar Irrigation System in Bangladesh Yet To Achieve

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This article has published at  Perspective , a reputed magazine of Bangladesh In the last few years, farmers are moving to the solar-based irrigation pumps in different parts of Bangladesh, since the cost of diesel pump is higher compared to the solar pump. Few more aspects could be brought to light regarding this innovative irrigation system. Over the period, technology has been changed dramatically in the irrigation scheme of Bangladesh. But this innovative irrigation system is executed not only for the matter of costs to purchase diesel fuel, but solar-powered pumps are a realistic choice in the context of sustainable agricultural practices, as it is a global demand for renewable energy technology. A new way of lifting groundwater using solar energy, regular peak irrigation, an effort by public-private partnerships, and least requirements of diesel imports have opened up a new door in the agriculture sector of  Bangladesh as farmers ...