Climate change

Definition

Climate change refers to long-term alterations in temperature, precipitation, wind patterns, and other elements of the Earth's climate system. It is primarily driven by human activities, particularly the burning of fossil fuels, deforestation, and industrial processes, leading to an increase in greenhouse gases in the atmosphere. Understanding climate change is critical as it directly impacts public policy decisions and poses challenges for businesses aiming to balance profit with environmental responsibility.

5 Must Know Facts For Your Next Test

1. Climate change is expected to lead to more extreme weather events, including heatwaves, storms, and rising sea levels.
2. The Paris Agreement is an international treaty aimed at limiting global warming and involves commitments from countries to reduce their greenhouse gas emissions.
3. Businesses are increasingly pressured to adopt sustainable practices as consumers demand greater corporate responsibility regarding environmental impacts.
4. Climate change poses significant risks to food security and health due to shifts in agricultural productivity and increased prevalence of diseases.
5. Public policy initiatives targeting climate change often require collaboration between governments and the private sector to implement effective solutions.

Review Questions

• How does climate change influence the relationship between business interests and public policy goals?
  • Climate change creates a pressing need for businesses to adapt their practices in order to comply with evolving public policies aimed at environmental protection. As governments implement stricter regulations and policies to combat climate change, businesses face both opportunities and challenges. Those that invest in sustainable practices may benefit from enhanced reputations and new market opportunities, while those that fail to adapt risk financial penalties and reputational damage.
• In what ways can global governance structures address the challenges posed by climate change?
  • Global governance structures can address climate change challenges through international agreements like the Paris Agreement, which sets collective targets for reducing greenhouse gas emissions. These frameworks foster cooperation among nations, allowing them to share resources, technology, and best practices. Additionally, global governance can facilitate financial support for developing countries that face significant vulnerabilities due to climate change impacts, helping ensure a more equitable approach to addressing this global issue.
• Evaluate the effectiveness of current strategies employed by businesses in mitigating climate change impacts while balancing economic growth.
  • Current strategies employed by businesses in mitigating climate change impacts vary widely in effectiveness. Many companies are adopting corporate sustainability initiatives, investing in renewable energy sources, and setting ambitious carbon neutrality goals. However, the overall impact depends on genuine commitment and systemic changes rather than superficial measures. Evaluating these strategies requires assessing not only their environmental outcomes but also how they integrate into broader business models that support economic growth without compromising ecological integrity.

Related terms

Greenhouse Effect: The process by which certain gases in the Earth's atmosphere trap heat, leading to a warming effect that contributes to climate change.

Sustainable Development: A method of development that meets current needs without compromising the ability of future generations to meet their own needs, often emphasizing environmental preservation.

Carbon Footprint: The total amount of greenhouse gases emitted directly or indirectly by an individual, organization, or product, usually measured in equivalent tons of CO2.