04 SEP,2021 | MEDC
Immediate and coordinated climate action, with a strong focus on green investment, is now required to prevent an economic crisis. Joint global action through a coordinated green investment push will create beneficial demand spill-overs and help decarbonize the economy. However, the transition to a low carbon economy needs to be socially just and create suitable economic opportunities for displaced workers. Given the interconnectedness of today’s world, no region is likely to escape even if the worst effects of global warming are initially confined only to certain areas. Scientists have also warned about the risks of reaching climate tipping points – such as the melting of glaciers and polar ice caps – which cannot be reversed over human time frames. That could have deadly economic consequences. Mother Nature has given us enough warnings – the latest being Covid – that our interactions with Her need some fundamental changes. Prioritizing environmental sustainability is the first step.
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