The Economics of global warming & climate change!

     Way back in 1896 Svante Arrhenius, a Swedish scientist gave the greenhouse law:
"if the quantity of carbonic acid increases in geometric progression, the augmentation of the temperature will increase nearly in arithmetic progression."
Little did he know that the human growth story painted on the Global canvas, shall have far-reaching consequences. World Health Organization figures conclude that as many as 350,000 lives are being lost each year from climate impacts now, and shall rise to one million per year by 2030. The effects of this imbalance shall be on Food Supply,Health, Biodiversity & Extreme weather. Conflicts shall arise due to scarcity of water resources and large scale migration and Disease.

Of the 50 countries judged as "acutely vulnerable" include many of the world's poorest, including Burma, Bhutan, Bangladesh, Niger and Senegal. Needless to say China and United States the most developed countries are the biggest emitters of greenhouse gases.
I think it was time when the BIG guys took some responsibility and the Cancun summit just did that.

     Its less than a month past since the UN climate change conference at Cancun,Mexico concluded.
United Nations Framework Convention on Climate Change, concludes an yearly event where all nations of the world meet to make some headaway.Many of you might have got the highlights of the draft decision at the meet from local/international media, and how much is IN there for your respective country!
     Well this is the link to the real stuff: "Outcome of the work of the Ad Hoc Working Group on long-term Cooperative Action under the Convention."

A brief of the highlights are: 

• Guidance/policy/incentives on reducing emissions from deforestation, conservation & sustainable management of forests and enhancement of forest carbon stocks in developing countries.

• Body for Scientific & Technological Advice work on issues relating to reducing emissions from deforestation.

• The Green Climate Fund intended to raise and disburse $100bn a year by 2020 to protect poor nations against climate impacts and assist them with low-carbon development.

• Composition and mandate of an elected Technology Executive Committee.

Also simply to say "There's enough in it that we can work towards next year's meeting in South Africa to get a legally binding agreement there." (Tara Rao, senior policy adviser with environmental group WWF )

     For all of you those who were not aware of such a meet or were too caught up in something more important, let me tell you one thing:
"CLIMATE CHANGE IS THE MOST IMPORTANT THING WHICH SHALL AFFECT EACH ONE OF US AND OUR FUTURE GENERATIONS. WE CANNOT AFFORD TO REMAIN IGNORANT."

     All the awareness about which I am talking about is not about painting our desks green or about holding a banner that we need to do more, its not even about making adjustments in everyday life such as using public transport and wearing a sweater rather than turning on the heating or about suggesting that the Second World War concept of rationing be practiced as Professor Kevin Anderson, Director of the Tyndall Centre for Climate Change Research suggests. But its about developing,nurturing and fostering a new economy,a new lifestyle and a new world based on Clean Development mechanism.
Its about learning and imbibing the Economics of Global Warming.To try fill in the knowledge/technological/political/economic gaps by taking a risk or else paying a price. And believe me there is a great career, growth, money,credit and a powerful life experience worth exploring!

And for each of us MBA aspirants...well there is decent list indicator words in italics, even if you don't think of the BIG PICTURE!
Recalling
Seeking
Reaffirming
Noting
Further affirms
Recognizes
Agrees
Emphasizes
Confirms
Realizes
Decides
Invites
Requests...

If the last century had a beginning in the two world wars, which changed the fortunes of few generations, many countries and countless people, we have something bigger, more challenging at hand. Let "the beacon of hope be reignited."