Describe in detail global warming, climate change and its impact on economy with reference to carbon credit system and green economy in India.
The debate between economic growth and environmental protection in developing countries is complex and essential . On one hand, economic growth is essential for improving living standards, reducing poverty, and providing better infrastructure, education, and healthcare. Many developing nations relyRead more
The debate between economic growth and environmental protection in developing countries is complex and essential . On one hand, economic growth is essential for improving living standards, reducing poverty, and providing better infrastructure, education, and healthcare. Many developing nations rely on industrialization, urbanization, and exploitation of natural resources to fuel this growth. This often comes at the cost of environmental degradation, including deforestation, air and water pollution, and loss of biodiversity. On the other hand, environmental protection is crucial for ensuring long-term sustainability and the health of populations. Developing countries face the challenge of balancing these competing priorities. A focus only on economic growth can lead to severe environmental damage, which in turn can undermine future economic prospects by depleting natural resources and causing health problems. Likewise , stringent environmental regulations can hinder economic development by increasing costs and limiting industrial activities. So, the solution lies in adopting a sustainable development model that integrates economic growth with environmental stewardship. This includes investing in green technologies, enforcing environmental regulations, and promoting practices that minimize ecological footprints. International support, through financial aid and technology transfer, is also important to help developing countries achieve this balance.
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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.
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