EVs lot greener than traditional cars, says global report

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New Delhi, July 21 | As India and other countries go bullish on embracing electric vehicles (EVs), a new report on Wednesday aimed to settle the debate that EVs are not much cleaner that tradition internal combustion vehicles, saying that even for cars registered today, battery electric vehicles (BEVs) have by far the lowest life-cycle GHG (greenhouse gas) emissions.

A white paper, released by the International Council on Clean Transportation (ICCT), a non-profit body, revealed that emissions over the lifetime of average medium-size BEVs registered today are already lower than comparable gasoline cars by 66-69 per cent in Europe, 60-68 per cent in the United States, 37-45 per cent in China, and 19-34 per cent in India.

“Even for India and China, which are still heavily reliant on coal power, the life-cycle benefits of BEVs are present today,” said Peter Mock, ICCT’s Managing Director for Europe.

Additionally, as the electricity mix continues to decarbonise, the life-cycle emissions gap between BEVs and gasoline vehicles increases substantially when considering medium-size cars projected to be registered in 2030, the report noted.

The report looked at the life-cycle greenhouse gas (GHG) emissions from passenger cars, including SUVs, and drew sharp and meticulous distinctions between the climate impacts of battery and fuel cell electric vehicles on one hand and combustion vehicles on the other.

Only battery electric vehicles (BEVs) and fuel cell electric vehicles (FCEVs) powered by renewable electricity can achieve the kind of deep reductions in GHG emissions from transportation that comport with the Paris Agreement’s goal of keeping global warming well below 2-degree Celsius, it found.

“One important result of the analysis is to show that life-cycle emissions trends are similar in all four regions, despite the differences among them in vehicle mix, grid mix, and so on. Already for cars registered today, BEVs have better relative GHG emissions performance everywhere than conventional vehicles,” said ICCT Deputy Director Rachel Muncrief.

The analysis was performed separately and in depth for the European Union, the US, China and India, and captured the differences among those markets, which together account for about 70 per cent of new car sales worldwide.

In addition to its global scope, the study is comprehensive in considering all relevant powertrain types, including plug-in hybrid electric vehicles (PHEVs), and an array of fuel types, including biofuels, electrofuels, hydrogen and electricity.
For the study, the lifecycle GHG emissions of cars registered in 2021 were compared to those of cars expected to be registered in 2030.

“Our aim with this study was to capture the elements that policymakers in these major markets need to fairly and critically evaluate different technology pathways for passenger cars,” said ICCT researcher Georg Bieker, the study’s author.

“We know we need transformational change to avoid the worst impacts of climate change, and the results show that certain technologies are going to be capable of delivering deep decarbonisation and others are clearly not,” Bieker added.

Source: IANS

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Does MBA really help in getting a better job offer ?

Does MBA really help in getting a better job offer ?

Most students pursuing an MBA come with the sole objective of having a decent job offer or a promotion in the existing job soon after completion of the MBA. And most of them take loans to pursue this career dream. According to a recent survey by education portal Campusutra.com  74% MBA 2022-24 aspirants said they would opt for education loans.

There are exceptional cases like those seeking master’s degree or may have a family business to take care of or an entrepreneurial venture in mind. But the exception cases are barely 1%. For the rest 99%, a management degree is a ticket to a dream job through campus placements or leap towards career enhancements. Stakes are high as many of them quit their jobs which essentially means loss of 2 years of income, apprehension and uncertainty of the job market. On top of that, the pressure to pay back the education loans. Hence the returns have to be high. There is more than just the management degree. Colleges need to ensure that they offer quality management education which enables them to be prepared for not just the demands of recruiters and for a decent job but also to sustain and achieve, all along their career path.

  • So, what exactly are the B Schools doing to prepare their students for the job market and make them industry ready ?
  •  Are B schools ready to deliver and prepare the future business leaders to cope up with the disrupted market ?  

These are the two key questions every MBA aspirant needs to ask, check and validate before filling the MBA application forms of management institutes. And worth mentioning that these application forms do not come cheap. An MBA aspirant who may have shortlisted 5 B Schools to apply for, may end up spending Rs 10,000.00 to Rs 15,000.00 just buying MBA / PGDM application forms.

While internship and placements data of some management institutes clearly indicates that recruiters today have specific demands. The skill sets looked for are job centric and industry oriented. MBA schools which have adopted new models of delivery and technology, redesigned their courses, built an effective evaluation process and prepared the students to cope with the dynamic business scenario, have done great with campus placements despite the economic slow down.

However, the skill set being looked for by a consulting company like Deloitte or KPMG may be quite different from FMCG or a manufacturing sector. Institutes need to acknowledge this fact and act accordingly.

  • Management institutes should ensure that students are intellectually engaged, self motivated and adapt to changes fast. In one word ‘VUCA ready’.
  • B Schools should encourage students to participate in national and international competitive events, simulations of business scenarios.
  • Institutes should have the right mix of faculty members with industry exposure and pure academics.

The placement records of 2021 across top management institutes indicated the fact that recruitment is happening, skilled talent is in demand and certain management institutions continued to attract recruiters even in the middle of an ongoing crisis.

It is time, all management institutes rise to the occasion, understand market realities and identify areas of improvement at both ends – students and faculty.

After all, the stakes are high at both ends. B Schools taking corrective measures will stay while those which are lagging will end up shutting down.

Author Name : Nirmalya Pal

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