Global warming

Introduction

The attention of modern world is converged merely on the economic affluence because of the underlying capitalistic ideologies of power institutions. Due to these materialistic ideologies, the industrial policies of the modern world are just catering the dissertations of entrepreneurship and have completely neglected the hazardous impacts these strategies are causing on the environment. Despite of the complete awareness of the increasing issue of global warming, the urbanized countries still have little interest in developing new sustainable industrial strategies which focus on abolishing coal consumption in factories. So in this essay I will primarily focus on the fact that how the economic aspects of present era are causing hindrance in the way of minimizing the devastations of global warming.

Explanation: Global warming

Global warming or climate change is one of the most alarming but neglected issue of the present era. More precisely we can say that this issue of global warming demands serious steps to be taken by the countries as this problem is continuously increasing (Smith, 2010). Fossil fuel consumption in the industries is a major source of the accumulation of greenhouse gases (CO₂, CH4, N2O and Chlorofluorocarbons etc.) in the environment and this accretion is constantly growing.

The 2013 Emission Gap Report highlighted this fact that if the emission of these gases will not be reduced till 2020 then it will be highly difficult to lower the global temperature any more (Milman, 2013). Although large number of agreements are made to solve this issue, but the real problem is that the co-operation from the advanced countries is not up to the mark. The aim of Paris Agreement (proposed in 2015 and entered into force on November 4, 2016) was to fortify the global response on the menace of climate change but this agreement was not followed properly because it demanded the restructuring of business models mainly in the developed countries (Smith, 2010). The industrial sectors of these developed countries are entirely dependent on consumption of fossils fuels and the eradication of fossil fuel consumption can cause reduction in the economic development. This is the reason that these capitalistic countries are not supporting the idea of the reconstruction of industrial framework.

Despite of countless exertions still there is no remarkable reduction in the emanation of harmful gases so, this clearly substantiate the presence of capitalistic politics behind all this. On one hand environmental activists are struggling to reduce carbon emissions and on the other hand carbon trade is on its peak in the industrial sector (Newell& Paterson, 2010). So we can say that the material and financial prosperity is placed on the top of the social hierarchical setup and due to these capitalistic politics the problem of global warming is politically marginalized and neglected.

Conclusion

Based on the above discussion we can say that the advancement of the industrial sector of the modern world is directly associated with the transition in global weather. Inorder to combat this serious issue of climate change or global warming, there should be new and effective industrial strategies which prefer environmental protection over economics.

References

Milman, O. (2013). Carbon emissions must be cut significantly by 2020, says UN report. United Nations University/The Guardian.

Newell, P., & Paterson, M. (2010). Climate capitalism: global warming and the transformation of the global economy. Cambridge University Press.

Smith, R. (2010). Beyond growth or beyond capitalism. real-world economics review, 53, 28-42.