Category Archives: Essays on Environment
Globalization refers to the process of international integration arising from the interchange of world views, products, ideas, and other aspects of culture. The concept of globalization became popular after the collapse of Communism in the Soviet Union and Eastern Europe. It is, in fact, the victory of capitalism and means trade without restriction, free movement of capital, and technology and the operation of a completely free market economy. Strangely, and understandingly, it does not sanction free movement of labor, from one country to another.
Setting reduction targets to curb climate change ought to be in line with commercial considerations. The government should have the capacity to meet any given mitigation effort in the most flexible and cost-effective manner and to issue help to the worst hit section of the population including both households and firms.
Likewise, climate change mitigation faces a major setback – at least in the short-term – if all efforts are geared towards the future thus paying little or no attention to the present.
Information retrieved from the annals of the United Nations Framework Convention on Climate Change (UNFCCC) indicates that there has been an unprecedented rise (1.33 ± 0.32 °F) in global temperatures both at the Earth’s near surface and the oceans (Stern, 2007: 234).