Is A Climate Fund Necessary?

The world economy is a very complex system; in the system harmful externalities disrupt capital flows and determine economic productivity. Most notable of these externalities is inadvertent global warming. Spending towards research and regulation of climate change at both the national and international level are very important in determining current and future business trends. Economists and scientists worldwide continuously debate the pros and cons of emissions reduction and what consequences can quickly follow. Though many have different views on the issue, all can agree that the immediate and long term effects of climate change have become an economic matter of paramount importance. The sweeping impact from climate change will have important fiscal, financial, and macroeconomic ramifications that influence global commerce standards.

It is becoming increasingly certain that climate change will have severe adverse effects on the environment in years to come. Addressing this issue poses a serious challenge for policy makers. How we choose to respond to the threat of global warming is not simply a political issue. It is also an economic issue and an ethical one. Responsible, effective climate change policy requires consideration of a number of complex factors, including weighing the costs of implementing climate change policies against the benefits of more environmentally sustainable practices. Furthermore, this analysis must take place amidst serious gaps in the existing research and technology concerning the developing climatic condition.

The climate change impacts of greenhouse gases threaten the economic development and environmental quality. These threats indicate that all nations regardless their economic growth should work collaboratively to reduce the emission to a certain level. Hare et al. (2011) argued that “climate change is a collective action problem” thus requires a global coordination from all countries. This indicates that actions from several countries would never be sufficient to address the climate change problem. If a global target to limit warming to 2°C or below is about to achieve (UNFCCC 2010, p.4) a broad range of participation is required (Hare et al., 2011). However, the increasing complexity of negotiation processes is inevitable. Each country will pursue its own interests during the

Countries’ past and future contributions to the accumulation of GHGs in the atmosphere are different, Comprehensive strategies in response to climate change that are consistent with sustainable development take into account the co-benefits, adverse side effects and risks that may arise from both adaptation and mitigation options. {3.1, 3.5, Box 3.4} The design of climate policy is influenced by how individuals and organizations perceive risks and uncertainties and take them into account. Methods of valuation from economic, social and ethical analysis are available to assist decision-making. These methods can take account of a wide range of possible impacts, including low-probability outcomes with large consequences. But they cannot identify a single best balance between mitigation, adaptation and residual climate impacts. {3.1} Climate change has the characteristics of a collective action problem at the global scale, because most GHGs accumulate over time and mix globally, and emissions by any agent (e.g., individual, community, company, country) affect other agents. Effective mitigation will not be achieved if individual agents advance their own interests independently. Cooperative responses, including international cooperation, are therefore required to effectively mitigate GHG emissions and address other climate change issues. The effectiveness of adaptation can be enhanced through complementary actions across levels, including international cooperation. The evidence suggests that outcomes seen as equitable can lead to more effective

Nations around the world have been contributing to climate change by damaging natural environments and releasing greenhouse gases and there is a need for more economically developed nations. There are different contributing factor, but the majority of these contributions are from the more economically developed nations. Although the less economically developed nations do not contribute as much as the More economically developed nations, they are the ones that are affected the most. More economically developed nations are not affected as much because they have enough resources to

The world economy is a very complex system; in the system harmful externalities disrupt capital flows and determine economic productivity. Most notable of these externalities is inadvertent global warming. Spending towards research and regulation of climate change at both the national and international level are very important in determining current and future business trends. Economists and scientists worldwide continuously debate the pros and cons of emissions reduction and what consequences can quickly follow. Though many have different views on the issue, all can agree that the immediate and long term effects of climate change have become an economic matter of paramount importance. The sweeping impact from climate change will have important fiscal, financial, and macroeconomic ramifications that influence global commerce standards.

Overtime there has been an increasing discussion talked about by respectable individuals to thriving nations of climate change. Concerns of Climate Changes affects to social development, such as human health, security and economy, changes that prohibit people to effectively work and earn,changes that makes food and water scarce and unavailable to under-developed countries, changes that will increase disease and mortality rates, countries becoming either desperate or aggressive for more and new resources to meet the demands of their population, creating wars for food and water, inevitably destroying the landscape and wildlife with their weapons of warfare which would directly affect the population, all to keep normality a little longer, over common everyday things that we are a accustomed to today, such as food, clean water, medicine and miscellaneous things. Yet we will inevitably run out and will begin to riot, protest, loot and pillage to survive.

In order to fight against climate change we need to develop a universal agreement, and that we need to work together in a collaboration to mobilize the capital and investment needed for low-carbon emissions, and climate-resilient development.

Beyond the shadow of a doubt, Global Warming is real and mostly man-made. During last two decades, saving the earth has become a global movement. Despite of all the recent strenuous efforts for global awareness, there are people who believe “Global Warming” is just another propaganda campaign; people who confuse money with the well-being of the earth and its inhabitants. As a result, our current solutions, legislations, and policies are far away from a practical and effective solution in the long run. In particular, we have been spending too much for very little good. To recapitulate, the problems with climate change along with other global problems like poverty, hunger, crime, war, and natural disasters, all over the world, need a

The world’s climate is rapidly changing as we know it, and the culprit is none other than climate change itself. Many are doubtful of the cause, and even more are extremely defense over the topic. One can only respect their bounds for they are not willing to truly grasp at the fact that humans are the true cause of climate change, because of 6 main greenhouse gasses. Carbon Dioxide (CO2), Methane (CH4) Nitrous Oxide (N2O), Perfluorocarbons (PFCs), Hydrofluorocarbons (HFCs), and Sulfur Hexafluoride (SF6) (Kyoto Protocol). All of these gasses contribute the world wide pollution. If we are to face such a drastic situation as that millions will die at such a feat, and change how we use our spent resources to where it becomes possible threats need to be made. There need to be changes in our government, laws, and even peoples’ beliefs on how we effect our world. Such changes have been made but only to a point whit really falls on the lines of economics and policies. The United Nations (UN) has been trying to get everyone on the “Save earth bandwagon” known as the United Nations Framework Convention on Climate Change (UNFCCC). They have implemented 2 main objectives for this goal, The Kyoto Protocol, and The Paris Agreement.

The climate crisis is a defining struggle of our age bringing political, economic, religious, and environmental tensions and conflicts to surface. At this moment in history a great transitional worldview needs to take place, but is depressingly out of reach, and humankind seems woefully unprepared/interested to confront monumental challenges and change. The climate change crisis directly affects planetary boundaries, ecological cycles, and limitations on a domestic and international level. It is no secret that anthropogenic motives are causing climate change and harming the planet. Our habitual practices of cutting down forests, dumping pollutants into our waterways, and releasing toxic gases into the air have become a way of life. These practices influence the dominant political-economic system, resulting in environmental justice issues, affecting power dynamics, and ultimately delaying action for systemic shift of worldviews. The climate crisis ties humanity’s fate together like no other challenge. Looking to the future, those in the environmental field, and those who see the urgent need for change have come to the conclusion that only major changes can be accomplished by catastrophic crisis. Climate change poses the greatest threat to human survival the world has seen, yet there is a notion to ignore it.

The issue of climate change is a multidimensional problem globally that can no longer be pushed aside. The question of how to deal with it is a controversial theme of discussion that forces the people involved to wonder whether it is a global issue and whether or not it should be revolutionized in a justice perspective. Climate change is the name of the new movement that best blends a mixture of progressive political, economic and ecological currents to fight with the most serious threat humanity and most other species face in the 21st century. Currently, it has already formed to an undeniable truth that climate is still changing with global warming and other related issues. In front

“If we do not change our negative habits toward climate change, we can count on worldwide disruptions in food production, resulting in mass migration, refugee crises and increased conflict over scarce natural resources like water and farm land. This is a recipe for major security problems” Michael Franti. Nevertheless climate change has been an ongoing under addressed problem the world continues to face. If climate change continues it will result in seriously fatal problems such as economic loss and illness, stronger storms, food and clean water shortages.

Research has indicated that a warming climate, caused by net greenhouse gas (ghg) emissions is contributing to changes in environment, suggesting that a large average temperature increase could produce irreversible environmental impacts. At the twenty first Conference of the Parties (COP21), 195 international Governments made the first formal universal collaboration, which aims to end what has been dubbed ‘the fossil fuel (Goldenberg & Neslen, 2016). It focuses on circumstantial policies, conceding that developing countries might require emission producing industry to remove poverty, while promoting investment into renewable energy and funding for poorer countries, so that renewably fueled growth may occur. This essay considers the governmental, economic, scientific, and environmental ramifications of the agreement, whilst also discussing potential improvements, to therefore determine the extent of the agreements success.

Climate change is a lethal and destructive force. In the recent past major climatic events like floods, tsunamis etc. have led to substantial destruction of wealth. Such events have highlighted the need of mechanisms for risk sharing of the losses and restoring the lost human and infrastructural capital. The climate change agreement declared on December 12, 2015 was one of the highlights of the year. It showcased the resolve of various nations in fighting climate change. It was a welcome change from Copenhagen.