The world leaders should not use recession as an excuse for delaying the measures concerning climate change.
The decisive factors of the world cannot use recession as an excuse for delaying to make a stand on the climate changes influencing economy. In a recent analysis the brilliant minds of the world’s economy predicted a 9% decrease in the carbon emissions until 2012 and this will delay the climate change with only 21 months.
The report published by the ESRC compared the economical previsions made before the economical recession with the ones from the beginning of 2011. The report was used for the evaluation of the effects the recession had on the carbon emissions and on the climate.
Even if the darkest predictions are followed, the economists had foreseen a temperature rise of only 2 Celsius degrees which is far from reaching the “danger area” of global warming.
However if we go back to the normal quantity of emissions once the recession is gone, the profound results and the severe climate risks and their impact will continue to grow. The current economical situation does not solve the problem, or remove the need for a steady agreement that must be adopted by the UN.
The carbon emission increase evaluated by a team of researchers is severely bigger than the one predicted initially. The only conclusion remaining is that the rate of pollution has grown significantly in spite of the economical recession.
This thing proves that the business environment will have less money available to invest in the energy efficiency. The recession was indeed challenging from the financial point of view and even the largest corporations gave up green initiatives.
The standard energy providers came forth during the last years with financial plans meant to stall the development of sustainable energy industry. The market welcomed the idea of consuming less but blamed the recession for the price increase noticed on the ecological products.
A very important issue caused by recession is the dramatic reduction of the carbon credits from European Emissions Trading Scheme. The value of such a credit was reduced from 30 euros in 2008 to 13 euros in 2010. This was a sure proof that the funding for investments in efficient energy innovations has been reduced.