Friday, September 14, 2007

Globalisation and climate change


IIPM MANAGEMENT INSTITUTE

Sea level rise will impact the 7,000 km coast of India and displace millions of people. Mumbai would lose US $486 (Rs. 228,700 crore) and Balasore would lose US $75 million due to inundation caused by sea level rise. Climate change is also projected as affecting food security, with decline in rice yields by 15% - 42% and wheat yields by 3% - 4%, if temperature rise is 2oC and rainfall decline 7%.

India can lead the world to a post oil future of low carbon dioxide emissions because India is still primarily an agrarian economy based on peasants and small farmers. India’s energy is primarily renewable. However, with the push of globalisation, India is rushing headlong into a fossil fuel economy by destroying the biodiversity economy of her rural areas and her peasantry. Not only is this environmentally irresponsible it is also economically irresponsible from the perspective of the poor. The policies and economic activities, which lead to higher CO2 emissions, also uproot poor tribals and peasants. The current policies are eradicating the poor, not poverty.

For Complete IIPM Article, Click on IIPM Article

Source :
IIPM Editorial, 2007

An
IIPM and Professor Arindam Chaudhuri (Renowned Management Guru and Economist) Initiative

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