Market

Market

Monday, November 16, 2009

THE CLIMATE CHANGE BAND WAGON-MORE COMING ABOARD

Global warming, CO2 emission, ozone-depletion, green house gases were all meaningless expressions as far as most industrial players were concerned whose main obsession was always business viability. There appears to be a change of heart recently vis-à-vis this issue and 'save the planet" slogan is gathering more and supporters from amongst the industry. Probably long term business interests must have instilled a sense of apprehension, especially after the impact of economic recession being experienced all over the country. Here is a 180 degree about-turn by the premier business conglomerate in the US.

"Climatologists tell us that if we don't enact dramatic reductions in carbon emissions today, within 5 years we could begin facing the propagating feedback loops of runaway climate change. That would mean a disruption of food and water supplies worldwide, with the result of mass migrations, famines, and death on a scale never witnessed before. Needless to say, that would be bad for business".

It is better late than never and if a consensus emerges at the forthcoming Copenhagen climate summit, there cannot be a better gift to the Mother Nature by the humanity. A 2 degree rise in temperature through this century is being talked about as tolerable but even this can bring catastrophe on a scale not imaginable at present. The row between 'haves' and 'have nots' regarding emission limits must be settled without any further delay if the present trend of uncontrolled emissions is to be halted or reversed. Where there is a will, there is a way and one can only hope that the necessary 'will' may emerge at Copenhagen.

V.H.POTTY
http://vhpotty.blogspot.com/
http://foodtechupdates.blogspot.com

No comments: