Describe in detail global warming, climate change and its impact on economy with reference to carbon credit system and green economy in India.
Climate change refers to the long term warming of the planet due to an increase in average global temperature, primarily caused by human activities that release greenhouse gases. Impacts of Climate Change - Climate change harms ecosystems, causing rising temperatures, melting ice and extreme weatherRead more
Climate change refers to the long term warming of the planet due to an increase in average global temperature, primarily caused by human activities that release greenhouse gases.
Impacts of Climate Change –
- Climate change harms ecosystems, causing rising temperatures, melting ice and extreme weather. This disrupts habitats, endangers animals and kills plants. Polluted air, water and soil follow, failing crops and threatening human health, food and our planet’s very survival and future. According to IPCC, climate change causes 75% coral bleaching (2016), 30% biodiversity loss (2020),14% sea-level rise (2020) and 1°C temperature increase (2020).
- Climate change harms health by causing heat strokes, breathing issues and diseases from bugs and dirty water. Mental stress and anxiety rise. Food and water shortages worsen. Vulnerable groups like children, elderly and pregnant women, are most affected. (WHO estimates 250,000 extra deaths annually by 2050).
- Climate change harms society by causing displacement, food and water shortages, poverty, conflict, cultural loss, health issues and economic disruption. By 2050, 143 million vulnerable people face migration, threatened livelihoods, security and human rights, disproportionately affecting women, children and the poor.
Climate change devastates ecosystems, health and society by causing irreversible damage. Urgent collective action is necessary to mitigate its impacts, protect vulnerable populations and ensure a sustainable future for all.
See less
Global Warming: Global warming is the rise in an average temperature of earth’s atmosphere and oceans. It is primarily caused by increasing concentration of greenhouse gases produce by human activities such as burning of fossil fuel and deforestation. Climate Change: India having huge development prRead more
Global Warming:
Global warming is the rise in an average temperature of earth’s atmosphere and oceans. It is primarily caused by increasing concentration of greenhouse gases produce by human activities such as burning of fossil fuel and deforestation.
Climate Change:
India having huge development priorities will be adversely affected by climate change, in terms of availability of fresh water, low ground water recharge, food production, ocean acidification, increased vector born and water borne diseases with impact on human health, agriculture, water resources, natural eco systems, and biodiversity.
Impact on Economy:
1.The Green Economy responds to global economic, social and financial crises by reallocating natural, social and financial capital into creating benefits for economic development, social equity and environmental protection. Reconciliation of short-term versus long-term priorities by adopting resource-efficient and less polluting pathway enable the countries to leapfrog the usual development trajectory avoiding future costs.
2.Most selling carbon credits so far includes renewable energy, energy efficiency measures in several sectors as well as the reduction of industrial gases that contribute to climate change. A carbon credit, licenses the owner to emit one tons of carbon dioxide in year. Carbon credits provides an incentives to reduce greenhouse gases effect emission on an industrial scale and are key components of national and international emissions trading schemes that have been implemented to mitigate global warming.
See less