Difference between revisions of "Stalemate"
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=2011 - 2013= | =2011 - 2013= | ||
The fears of a head turning revelations by IPCC report were floured today after the presentation of the IPCC chief. Although there had been some minor natural disasters spread across the globe, none was potent enough to raise alarms on the affects of climate change. It is a general notion now that earth has tremendous healing powers and any major effects of climate change would require a lot more time.<br> <br> | The fears of a head turning revelations by IPCC report were floured today after the presentation of the IPCC chief. Although there had been some minor natural disasters spread across the globe, none was potent enough to raise alarms on the affects of climate change. It is a general notion now that earth has tremendous healing powers and any major effects of climate change would require a lot more time.<br><br> | ||
There were signs of economic recovery in mid-2010 but the world entered a full scale depression in the early 2011. Ironically, the characteristics of this depression were similar to those of the Japanese one. As the fiscal impetus from the governments was removed, the world saw a dip. The same pattern has been repeating itself for the last three years. Experts now are certain that this is due to the repayment of debt by corporate to match their balance sheets. No one had ever imagined that the sub-prime mortgage crisis would have such a long lasting impact on the western economies. American citizens again voiced their opinion of a quick economic by electing a republican president. As promised by the new US president, the focus of US would still me a more stable and robust economic growth.<br><br> | |||
The Spanish and the Italian bond yields have sky rocketed as those of Germany remain stable. Markets fear a repeat Greece for Spain and Italy in near future. Greece itself is struggling to stay on track of the proposed budget reductions in 2010, causing worries and internal disagreements within the EU. The inconsequential COP summits in the past causing the delay in decision making coupled with serious economic woes have caused the softening of EU stand on taking up emission reductions. The support and the willingness of frustrated Europeans for emission reductions have almost vanished. <br> <br> | The Spanish and the Italian bond yields have sky rocketed as those of Germany remain stable. Markets fear a repeat Greece for Spain and Italy in near future. Greece itself is struggling to stay on track of the proposed budget reductions in 2010, causing worries and internal disagreements within the EU. The inconsequential COP summits in the past causing the delay in decision making coupled with serious economic woes have caused the softening of EU stand on taking up emission reductions. The support and the willingness of frustrated Europeans for emission reductions have almost vanished. Sceptical businesses and cities are moved ahead cautiously while investing in green technology during this period. Cities like Shanghai commissioned several green initiatives while those like London made no such efforts. <br><br> | ||
West focussed on economic recovery, EU losing steam and a BASIC block adamant on growth caused a repeat of | West focussed on economic recovery, EU losing steam and a BASIC block adamant on growth caused a repeat of Cancum at the negotiations in 2013. No consensus on emission reductions is reached and the leaders of the world return to fire up their economies. | ||
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=2014 - 2018= | =2014 - 2018= | ||
The IPCC report | The IPCC report confirmed Research reports by experts also indicate to a correlation between the increases still not very apparent and some scepticism is still exits, the voice of the green activists got considerable media attention. <br><br> | ||
It took 10 painful years for the world to recover completely from the subprime crisis of 2008. While the west was recovering from the financial crisis, the Chinese and the Indians raced ahead with growth. Today the Chinese GDP is head to head with US and European GDP. India overtook Japanese GDP 2 years ago and continues to inch closer to US and EU. China is the largest green house gas emitter accounting to close to 30% of global emissions, US emits about 25% and India follows at 20%, of the global green house gas emissions. It is incredible to see that the environment has actually paid the price of re-emergence of global economic well being.<br><br> | It took 10 painful years for the world to recover completely from the subprime crisis of 2008. While the west was recovering from the financial crisis, the Chinese and the Indians raced ahead with growth. Today the Chinese GDP is head to head with US and European GDP. India overtook Japanese GDP 2 years ago and continues to inch closer to US and EU. China is the largest green house gas emitter accounting to close to 30% of global emissions, US emits about 25% and India follows at 20%, of the global green house gas emissions. It is incredible to see that the environment has actually paid the price of re-emergence of global economic well being.<br><br> | ||
Conflicts to secure future supplies of natural resources are increasing. Unexplored poles and Africa are the main prise for major economies today. With dwindling natural resources, many cities and corporations are going big on sustainability of their operations. Cities like New York recently put an additional tax based on the carbon footprint of local businesses and households. The green consulting business is also on the rise with the big 4 consulting companies having a separate division for it. <br><br> | |||
With the current global political canvas, it was easy to predict the disappointing outcome of the climate change negotiations. What was surprising is the sudden change in the US position. Looking back on negotiations in last 8 years, US has always put economic growth in front of any environmental benefits and has been instrumental in turning any concrete steps into superficial accords. On the surface it may appear that the recent US push for stricter legal controls for green house gas emission reductions is to do with a change ideology, a deeper analysis indicates other motives. The US growth rate is almost a third that of China and US population is a fraction compared to the Chinese. Stricter controls for China indicate a considerable reduction in their future growth and thus give US a chance to catch up. Chinese saw the intent and vetoed the agreement in the negotiation. India too is facing a lot of hammering in the global image but as it turns out image is no longer important.<br><br> | |||
It seems that corporations and cities would have a big role to play, rather than UN or governments, in avoiding the global warming. | |||
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=2019 - 2020= | =2019 - 2020= | ||
the last few remaining reserves | |||
The exploration of almost all of the unexploited areas in Africa is picking up pace. It was reported that the last largest remaining deposit of uranium has been located in a remote part of Liberia. Geologists confirm that certain areas in Africa hold key mineral reserves and probably last few deposits of oil on the planet. <br> <br> | The exploration of almost all of the unexploited areas in Africa is picking up pace. It was reported that the last largest remaining deposit of uranium has been located in a remote part of Liberia. Geologists confirm that certain areas in Africa hold key mineral reserves and probably last few deposits of oil on the planet. Climate change is no longer a critical issue, scramble for Africa is the new topic of contention.<br><br> | ||
The decisions are made by two competing groups of nations while the UN just exists as a superficial body. The last hopes of any accord between the parties at the COP summit were shattered today. | The decisions are made by two competing groups of nations while the UN just exists as a superficial body. The last hopes of any accord between the parties at the COP summit were shattered today when the talks collapsed. Any initiative to restore the planet to its pre-industrial state rests entirely in the hands of people and initiative of major corporations from the world. The political impetus to the same is no longer a hope.<br><br> | ||
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= Timeline = | = Timeline = | ||
[[File:Deadlock.JPG|300px|thumb|left|Chain of events]] | [[File:Deadlock.JPG|300px|thumb|left|Chain of events]] | ||