THE CAUSAL CONNECTION BETWEEN THE CONCEPT OF SUSTAINABLE DEVELOPMENT AND THE CLIMATE CHANGE MANAGEMENT
Keywords:
sustainable development, climate change, CO2 emissionsAbstract
Climate and development challenges are closely related. When the basic political priority is economic growth, the expansion of the need for energy and its availability to the urban population and industry are inevitable. This would mean that if developing countries imitate developed countries in their actions, then the effect on the climate would be catastrophic. At the same time, the prospects for sustainable development are likely to be hampered by the direct or indirect effects of climate change on economic growth. Reducing the resources available to take action to achieve effective diversification and flexibility to climate challenges will increase the vulnerability to future climate trends and shocks. An understanding of the complex ways in which economic development and climate variables communicate is still evolving; however, the cumulative and unstable nature of this communication presents a great challenge for policymakers. Therefore, the subject of this paper is climate change as "the biggest market decline the world has ever seen" and at the same time to point out the need for a serious approach to modeling the cost of doing nothing compared to adopting an alternative strategy that will keep CO2 at the planned / desired level. For that purpose, a systematic review of previous research on the issue was performed through the methods of descriptive analysis, content analysis and statistical reports. The conclusion of the paper imposes the need to add a climate challenge to the development policy, which only intensifies the urgency to reform the financial systems, given the volume of resources that will have to be mobilized over the upcoming decades and trade that will must be done if economies want to keep emissions low. Future generations can be much better at the expense of the present. Presenting a stable climate as a global, public good, provides an important rhetorical point about the systematic nature of the challenge and the need for collective action.
References
Adams, C.T.T.I., Barnett, J., & Detges, A.A. (2018). Sampling bais in climate-conflict research. Nature Climate Change,(8),200-203.
Carbon Brief, A. (2021). Which countries are historically responsible for climate change?
Chadburn, S.E., Burke, E.J., Cox, P.M. , Friedlingstein, P., Hugelius, G., & Westermann, S. (2017). An observation based constraint on permafrost loss as a function of global warming. Nature Climate Change 7(5).
Chakravarty, P., Saibal, K.B., et all. (2008). Climate policy based on individual emissions. Princeton Environmental Center, PrincetonUniversity.
Chen, J. & Mueller, V. (2018). Coastal climate change, soil salinity and human migration in
Bangladesh. Nature Climate Change (8).
Chevron Corporation. (2021). Climate change resilience, Advancing a lower carbon future.
Copeland, B.R., &Taylor, M.S. (2004). Trade, Growth, & the Environment Journal of Economic Literature,42(1),7-71.
Gang, F., et all. (2008). Toward a low carbon economy. China and the world.Beijing, China: Economics of Climate Change.(Draft paper).
Global Commons Institute (2008). Contraction and convergence, a global solution to aglobal problem.
Guangsheng,G.(2007). Carbon emission right allocation under climate change. Climate Change Research,(3), 87-91.
Houghton, R.A., & Nassikas, A.A. (2017) & Eberhard,H.,Davis,S.J., & Pongratz,J.(2015). Carbon Brief analysis of figures from the Global Carbon Project.
Kindleberger, C. (1986). The World in Depression 1929–1939. University of California Press, (10).
WTO. (2008). Prospects for Press (520),1- 17.
World Resources Institute. (2009). Climate Analysis Indicators Tool (CAIT),(6).
WTO. (2016).-Trade growth to remain subdued in 2016 as uncertainties weigh on global demand. Prospects for Press (7687).
WTO. (2017). Relationship between International Trade and Energy. World Trade Report.
