Global Warming : A closer look

Many people are still unaware about the changes in the overall climate of the planet. Human emissions of carbon dioxide and other greenhouse gases are posing an unprecedented threat to the future of life on Earth. Recent observations suggest that the planet has experienced the largest increase in surface temperature over the last 100 years. The continuous rise in temperature of the planet is really upsetting and will severely affect ecosystems and disturb ecological balance and the fundamental cause for the rapid climate change is global warming. Global warming is caused due to human activities such as industrialization and burning of fossil fuel thereby releasing uncontrolled emission of green house gases. Fossil fuels are being continuously used to produce electricity. The burning of these fuels produces gases like carbon dioxide, methane and nitrous oxides which lead to global warming. It is the considered to be the root cause of rising sea level, flooding, changes in weather patterns, storms, cyclone, epidemic diseases, lack of food, death, etc. Melting of polar ice caps will lead to floods which can cause mayhem everywhere. Rise of sea levels will devastate agricultural and fishing activities. Hence appropriate measures must be taken to tackle this problem.

Global warming has impacted the nature’s balance, biodiversity and climatic conditions of the earth over decades. Another cause of global warming is the ozone depletion. The ozone layer protects the earth surface by inhibiting the harmful sun rays to coming to the earth. However because of the gradually declining ozone layer , ultraviolet sun rays are entering to the biosphere and get absorbed by the green houses gases which ultimately increase the global warming. The process of global warming begins when sunlight reaches the Earth. The clouds, atmospheric particles and surface of oceans then sends back sunlight back into the space, whilst the remaining is absorbed by oceans, air and land. This heats up the surface of the planet and atmosphere, making life feasible. As the Earth warms up, this solar energy is radiated by thermal radiation and infrared rays, propagating directly out to space thereby cooling the Earth. However, some of the outgoing radiation is re-absorbed by carbon dioxide, water vapours, ozone, methane and other gases in the atmosphere and is radiated back to the surface of Earth and are commonly known as greenhouse gases. The concentration of greenhouse gases in the atmosphere was artificially increased by humankind at an alarming rate since the past two centuries. According to a study, over 8 billion tons of carbon dioxide was pumped, huge amounts of methane gas are generated in landfills and agricultural decomposition of biomass and animal manure, nitrous oxide is released into the atmosphere by various nitrogen-based fertilizers including urea and ammonium phosphate and other soil management utilization . As a result, thermal radiation is further hindered by increased levels of greenhouse gases.

 We must solve the issue of global warming by spreading social awareness among people about global warming to get it eradicated from worldwide and make the possibilities of life on earth forever as usual.

Impact of Climate Change on International Business Strategies…..

A recent KPMG report, highlights ten “sustainability megaforces” that will shape markets in the decades to come. The list includes population growth, energy and fuel, ecosystems decline, and material resource scarcity, among others. These interconnected trends will create risks and opportunities for business. In response, companies need new strategies, particularly for market impacts relating to what KPMG calls the “megaforce” influencing all others: climate change. Forward-thinking companies are starting to draw links between climate change and other major trends that impact business.

It is the demand of the era that businesses have to do their part in response to the threat of the climate change. Most of the large companies these days see to the managing of the greenhouse gas emissions. They also help in minimizing the level of energy consumption as an integral part of the environment based management practices. Many people have set the targets for the reduction of the greenhouse gas emission. One can work with the suppliers and the consumers for causing a reduction in the rate of emission.

One can consider climate change as the strategic issue. It is the logical conclusion that companies should seriously think about the risks related to the change in climate. This can cause possible danger to the various business opportunities. One should be able to predict in advance that how a change in climate can cause difference in business. Based on the thoughts and the predictions one can decide how to protect the business strategies from the possible climatic risks. This way, one can reduce the downside risks, and there can be augmentation in the upside opportunities.

2019 may be remembered as the year when climate change activism went mainstream. At the end of September, in a series of rallies timed to coincide with the United Nations climate summit, an estimated six million people in more than 180 countries took to the streets to demand far more action to cut greenhouse emissions. This was probably the biggest climate protest in history.  Protests in the form of school walkouts had taken place throughout the world for a whole year. The ‘Extinction Rebellion’ initiative has added a further edge by seeking to demonstrate the potentially catastrophic consequences of inaction.

Central banks and other supervisory authorities are now considering climate change as a risk to financial stability. This has led to the establishment of the Task Force on Climate-related Financial Disclosures (TCFD) in 2015, and the Network for Greening the Financial System (NGFS) in 2017. Both are concerned with enhancing the quality of climate-related awareness, risk management and transparency.

It is important for the companies to develop the sort of corporate data expertise and knowledge based on climate change. There are companies to go furthest in causing integration in the change in climate as part of the various business strategies. This however, can emphasize the amount of time and effort being invested in the testing of the new technicalities and the set of the inventive approaches. However, before making an investment, the companies should understand the several implications made in business.

Hence, the conclusion for the above lines would simply be that of cutting down greenhouse emissions, going green and using resources by means of sustainable development.

Refrences:-

arabessay.com

http://www.wri.org