Who Will Pay to Save the Planet? The $100 Trillion Question

The world is divided over climate change action and ignorant of the cost. This book discusses the threat and problems faced by governments, as well as potential solutions.

Format: Paperback / softback
Publication date: 26 September 2022
Publisher: Nova Science Publishers Inc

Climate change has been a topic of debate for many years, with people either in denial or unaware of its effects. However, the impact of climate change is becoming increasingly evident in the form of natural disasters such as typhoons, hurricanes, fires, floods, and rising seas. Despite this, the world remains divided over what action to take and largely ignorant of the cost of action.

One of the critical issues that has been neglected until recently is who will pay for a climate rescue operation. It is now becoming apparent that the potential deficit of finance is matched by a similar deficit of clear thinking on how to marshal and deploy the funds needed to transition successfully from a brown to a green global economy.

This book aims to discuss the nature of the threat of climate change and the problems faced by governments in combatting climate change. It also explores potential solutions to the challenges posed by climate change.

The threat of climate change is multifaceted and complex. It encompasses not only the physical effects of climate change, such as rising temperatures, melting ice caps, and extreme weather events, but also the social and economic consequences. Climate change can lead to food insecurity, displacement of communities, and economic instability.

Governments have a critical role to play in combatting climate change. However, the challenges they face are immense. One of the biggest challenges is the need to reduce greenhouse gas emissions, which are the primary cause of climate change. This requires a shift towards renewable energy sources, such as solar and wind power, and the reduction of energy consumption.

Another challenge is the need to adapt to the effects of climate change that are already occurring. This includes measures such as building resilience to natural disasters, improving water management practices, and protecting vulnerable communities from the impacts of climate change.

In addition to these challenges, governments also face the issue of funding a climate rescue operation. The potential deficit of finance is matched by a similar deficit of clear thinking on how to marshal and deploy the funds needed to transition successfully from a brown to a green global economy.

One potential solution to this problem is the use of green bonds. Green bonds are a form of debt instrument that is used to raise funds for projects that promote environmental sustainability. These bonds are issued by governments or corporations and are backed by a commitment to reduce greenhouse gas emissions or other environmental goals.

Another potential solution is the use of carbon pricing mechanisms, such as carbon taxes or cap-and-trade systems. These mechanisms can help to reduce greenhouse gas emissions by incentivizing companies to reduce their carbon footprint.

In conclusion, climate change is a critical issue that requires urgent action. The world remains divided over what action to take and largely ignorant of the cost of action. Governments have a critical role to play in combatting climate change, but the challenges they face are immense.

One potential solution to the funding problem is the use of green bonds and carbon pricing mechanisms. These mechanisms can help to raise funds for projects that promote environmental sustainability and reduce greenhouse gas emissions. However, more work needs to be done to develop and implement these solutions effectively.

In addition to these solutions, individuals can also play a role in combatting climate change. This includes measures such as reducing energy consumption, using renewable energy sources, and supporting sustainable practices in businesses and communities.

Ultimately, the success of combatting climate change will require a collective effort from governments, businesses, and individuals. It is important to recognize that the consequences of climate change are far-reaching and that action must be taken now to mitigate the worst effects.

Dimension: 229 x 152 (mm)
ISBN-13: 9781685079864