Global Actions on Climate Change

[Date of Submission]Global Actions on Climate Change

Introduction

Climate change is being tackled by every major economy. Investment, renewable energy targets, carbon pricing, and a mix of regulation are being used by countries. For many areas of human activity, significant implications are expected by the climate change for the economy of the world. Other physical changes, like, the occurrence of floods and droughts, the frequency and intensity of storms and precipitations are also included in climate change, besides global warming. With implication on the capital stock and migration, catastrophic events with implications and significant rise in sea level are led by climate change.

The ecosystem and biodiversity are also impacted negatively by the climate change. Demand, water resources and energy consumption can be decreased or increased by the climate change. Because of the amount of heat-trapping gases in the atmosphere, such as, increase of carbon dioxide, the global climate is changing (Bulkeley & Betsill, 2003). Carbon dioxide in the atmosphere is being released by the human activities with clearing of forests, and burning of coal and oil for electricity and transport. Since the industrial revolution, the amount of carbon dioxide has been increased in the atmosphere by more than forty percent, as a result of these activities.

Large-scale changes are being triggered in the world by this substantial increase in greenhouse gases, like nitrous oxide and methane and carbon dioxide. This essay will evaluate the global actions on climate change.

Discussion

The occurrence of climate change and necessary actions towards it is accepted by countries around the world. To reduce their collective emissions, they work together either in larger groupings or through the country to country partnerships. The other countries and the major emitters are involved in this group and bilateral partnerships that support the broader agreements. Pledge is acquired by all developed countries in order to reduce carbon emissions. In Canada, for sixteen million people, there is a carbon price. Scotland, by the year of 2020, aims to achieve hundred percent of renewable energy.

In the year of 2001, two hundred and fifty seven billion dollars were accounted for the global investment in renewable energy. By the year of 2013, it was predicted that around eight hundred and fifty million people will be living in states and countries that have a carbon price. By the year of 2025, the United Kingdom aims to reduce emissions by the target of fifty percent. In ten states of the United States, there is a carbon price existing. Through emissions in the world, the second largest carbon market is California. In the year of 2011, the global carbon market grew to one hundred and seventy six billion dollars.

In Brazil, every year, one million inefficient refrigerators are being replaced. The world is led by China in installed renewable energy (Change & Estonia, 2001). By the year of 2020, the European Union aims to have the highest reduction target of twenty to thirty percent, and by covering five hundred million people, also has the largest emissions trading ...