The term lsquo Bamboonomics rsquo has been seen in news for sometime which of the following statemen...........

Economic and Social Issues Sustainable Development and Envirnmental Issues

The term ‘Bamboonomics’ has been seen in news for sometime, which of the following statements is/are correct regarding the term?

It refers to utilising potential of bamboo and to create livelihoods for tribals.
Bamboo helps in mitigating climate change and fighting desertification.
It has higher carbon sequestration potential compared to other trees and can help resotre fertility of degraded land.

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Explanation:

The government is all set to make economically viable use of bamboo with focus on charcoal made from it a key component of the action plan to combat desertification and to create livelihoods for tribals.

Bamboonomics refers to a movement to combat desertification and climate change which will involve the tribal community of India since they have the expertise in this field.
The movement will ensure that tribals can earn a livelihood without causing environmental harm.
It was launched at the COP 14 of the United Nations Convention to Combat Desertification (UNCCD).

The role of bamboo in mitigating climate change and fighting desertification due to its higher carbon sequestration potential compared to other trees and can help resotre fertility of degraded land. Sequestration is a natural or articial process by which carbon dioxide is removed from the atmosphere and help in solid or liquid form.