An intrinsic calamity called Global warming is
increasingly becoming viral across the world through multiple means. This
natural global peril has been supposedly expected to end up in a severe
glooming to the earth in the offing. No much solid preventive measures are
taken against this serious phenomenon anywhere. The prevalence of this
geographical climatic variance also menaces the variance in the economic
climate of the globe to a greater extent. This clearly depicts the direct
relationship between these two contemporary consequences.
The awareness of this issue is debile across the borders since people are still
skeptic in understanding the grievous factoid behind. They hardly empathize
that terrible increase in the average temperature of the earth’s surface from
the recent past would end up in extraordinary economic disorder in the near
future. Also, no large scale studies have been unleashed to emphasize the
importance of this realization among the countries and the common inhabitants.
Some scary statistics have been emerging by certain scientists in the recent
years from various countries and many global scientific brains are still
working in determining the actual consequences hidden behind this deathly
earthly happening.
Though the economic life of the world is relying upon multiple concerns of the
sphere, the substantial neurons for survival are generated by agriculture which
is indeed the anchor of economic ramification. The global warming has indirect
harms to the agriculture by gradually depreciating the arable lands and thereby
overall food productivity rate would end up in belittling throughout in the
offing. Due to uneven extreme climatic changes, the food production would be
the severe victim throughout. There will be a direct impact on timber and other
value added wooden production due to slowdown in the growth of the trees. The
sequent consequence is obviously the fall in the global exporting and importing
of related market.
Scientists also keep stating that further increase in the global temperature
would cause the excessive melting of ice blocks in the Polar Regions which
would result in the terrible increase of earth’s water level. Consequently, the
coastal regions would undergo complete diminution and catastrophe of people
over there would likely to happen. Also, marine lives would be descending to a
greater extent which would end up in the decline of fishing economy. On the
other hand, certain other regions of the world would become completely dry and water
scarcity would reach its peak. Again, this would terribly affect the livelihood
of the people with severe aftermaths. Similar other effects in almost all
possible means to engender abysmal impacts on all businesses and investments
across the globe in all fields. These economic impacts would reverberate
throughout the world.
Economists are getting into serious contemplations on this issue and landing up
in foreseeing jeopardizing effects to occur in the offing. They believe that
this drastic change in the global temperature will push the global GDP to fall
down. They would indirectly cause harm in the growth of global infrastructures.
Energy and retail sectors would happen to fall in vain. There are also
possibilities of lack in the potential of human resources across the world
owing to their poor health and unexpected catastrophes. Similar related
disasters in all means will circuitously affect the global banking and
financial flow in heaps of sectors. All these effects would result in huge joblessness
globally. In fact, developing countries are more vulnerable to these imminent
extreme conditions than their developed counterparts due to serial trickling in
their growth rate. Preemptive measures are mandatorily needed to stay safer
from the upcoming global disorder.
This threatening global situation could even have the possibility to devastate
future economy and the entire forthcoming generation as well. So, people should
never ever consider it as a partisan issue by imbibing politics in it. With the
help of United Nations, all countries should work together in formulating the
plans and strategies so as to minimize these impacts of climatic disorders in
affecting the economic clouds. Certain efficacious initiatives like SEZ,
insanitary restrictive industries in infrastructural arena should be
excessively encouraged globally to minimize the cosmic effects.
Need of the hour is to
reframe the economy holistically by sticking to the principles of the ecology.
All humans on earth are now supposedly cornered to agnize the effects of this
environmental perturbation over financial conglomerate. If no call is
admitted even in this high time, serious economic hitherto would buttress to
its superlative shape. Also, it is a potential fuss across the continents which
should again be treated like any other deathly dire epidemic disease of earth
and collective contribution should be alarmed to forgo the imminent historical
economic recession.
Go Green in ecology and Get
Sanity in Economy!
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