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[Ambassador report] How Poor Governance Is Responsible For Climate Crisis?

by Pragati Dubey | 23-08-2021 16:33 Comments 5 recommendations 0



Micro Report: How Poor Governance Is Responsible For Climate Crisis?

According to economists like Nicholas Stern, the climate crisis is a result of multiple market failures. 

Economists and environmentalists have urged policymakers for years to increase the price of activities that emit greenhouse gases (one of our biggest environmental problems), the lack of which constitutes the largest market failure, for example through carbon taxes, which will stimulate innovations in low-carbon technologies.

To cut emissions quickly and effectively enough, governments must not only massively increase funding for green innovation to bring down the costs of low-carbon energy sources, but they also need to adopt a range of other policies that address each of the other market failures. 

A national carbon tax is currently implemented in 25 countries around the world, including various countries in the EU, Canada, Singapore, Japan, Ukraine and Argentina. However, according to the 2019 OECD Tax Energy Use report, current tax structures are not adequately aligned with the pollution profile of energy sources. For example, the OECD suggests that carbon taxes are not harsh enough on coal production, although it has proved to be effective for the electricity industry. A carbon tax has been effectively implemented in Sweden; the carbon tax is USD $127 per tonne and has reduced emissions by 25% since 1995, while its economy has expanded 75% in the same time period. 

Further, organisations such as the United Nations are not fit to deal with the climate crisis: it was assembled to prevent another world war and is not fit for purpose. Anyway, members of the UN are not mandated to comply with any suggestions or recommendations made by the organisation. For example, the Paris Agreement, an agreement within the United Nations Framework Convention on Climate Change, says that countries need to reduce greenhouse gas emissions significantly so that global temperature rise is below 2 degrees Celsius by 2100, and ideally under 1.5 degrees. But signing on to it is voluntary, and there are no real repercussions for non-compliance. Further, the issue of equity remains a contentious issue whereby developing countries are allowed to emit more in order to develop to the point where they can develop technologies to emit less, and it allows some countries, such as China, to exploit this. 
Sorce: earth.org
Source:theconversation.com

5 Comments

Debbie Mentor

  • Debbie Mentor says :
    Hi Pragati,

    This is your mentor Debbie. :)
    Out of all the good points you've mentioned, I am really intrigued by the idea that the UN is not a suitable organization dealing with the global climate crisis. I never thought about it in this way but your article indeed is eye-opening! Thanks for another inspirational point of view.

    Best,
    Debbie
    Posted 31-08-2021 23:02

Yuseon Mentor

  • Yuseon Mentor says :
    Hi Pragati,

    This is your mentor Yuseon:D

    To give a dramatic affect to companies reducing carbon, carbon tax might
    be the most realistic solution. If the price is put in a reasonable standard,
    it might really help reduce the carbon, and we would also be able to use the
    tax money for the environment to compensate the carbon emitted. However,
    we should also not forget that how it would affect the manufacturing companies
    and the market itself!

    Thanks for sharing your insight with us!


    Posted 27-08-2021 21:05

Sandhya Adhikari

  • Sandhya Adhikari says :
    Hello Pragati,
    I do hope you are fine there and doing great with your works,
    Thank you so much for sharing such an informative article how the poor governance is posing threat to the climate change issue,

    Carbon taxing and cabon pricing will be the promising solution that country can adopt for the climate change issue,

    Keep writing,

    We are eager to read much more from you,

    Yours,
    Sandhya
    Posted 26-08-2021 13:38

Vivian Nabisere

  • Vivian Nabisere says :
    Thanks for great report. I personally feel that poor governance is an ingredient for issues in all aspects of societal growth.
    Posted 26-08-2021 07:15

Sagar  Koirala

  • Sagar Koirala says :
    Hello Pragati,
    Green Cheers

    Good Governance is very essential for guareenting adoption of climate friendly policies. Wonderful report indeed. Keep Writing.

    Regards,
    Sagar Koirala
    Posted 25-08-2021 21:47

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