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It has been important to consider taking concerted efforts in the alignment of the global economy to the environmental thresholds that will ultimately lead to the creation the ‘steady state’ economy which can also be called the ‘dynamic equilibrium’  (Hake, 2007). The consequences of this development are the creation of a happier society that is also socially equitable.

The world has availed systems that help organizations to analyze the performance of a firm while putting the necessary checks and balances as well as mechanisms on how to deal with the risks that might be encountered. When they are put in place, companies secure a good reputation and compete favorably in the market. The central focus of current economic trends in relation to quality management has been on there areas namely; the final consumer, the empowerment of the employees, the sustainability of growth patterns in the organizations and the impact that every decision has on the environment. It was formulated to attain certain goals that relates to eradication of all forms of wastage in time, resources and efforts to raise the output, enhance harmony and flexibility in organizations, facilitate improvement of procedures and events as well as giving room for sustainability, profitability, stability and innovation and high employee participation  (Hake, 2007).

The Danger of the Approach of ‘Growth at All Costs’

There is a great danger that is associated with the approach of ‘growth at all costs’ which is amplified at the time that the solutions that have been documented to be financially profitable in as far as the climate crisis is concerned are implemented by the governments.

Putting in consideration the overriding corporations’ commitments to profitable production and the level of dependency of populations to oil consumptions, a low level of incentive is in place that may motivate people towards less consumption of the fossil fuels. Several scientists in addition to some environmental organizations are making efforts towards the achievement of the ambitious goal concerning setting of the emission rates of carbon to 350 ppm by the year 2050. If the retention of the global economic growth has to be retained at the level of 3% considering the level of carbon emission mentioned above, there will be a requirement of dropping the intensity of carbon by 95% over the forty years to come. The governments should desist from focusing on the ‘magic bullets’ examples being carbon capture in addition to storage, the bio-fuels, the nuclear power as well as the geo-engineering schemes which have been interpreted as "dangerous distractions from more human-scale solutions" (Jackson, 2008).

There is a general consensus globally that urgent measures are a requirement in response to this issue. There has however arisen a significant stumbling block with regard to the achievement of an amicable agreement on a practical framework despite the creation of “Intergovernmental Panel on Climate Change”, the IPCC, intended at establishing comprehensive scientific knowledge to explain global warming. The conclusion of the IPPG was a broad consensus on an international scale that human induced activities contributed significantly to global warming (Nigel, 1996). Putting in consideration the overriding corporations’ commitments to profitable production and the level of dependency of populations to oil consumptions, a low level of incentive is in place that may motivate people towards less consumption of the fossil fuels.

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For a substantial length of time influential businesses of significantly large sizes in collaboration with governments have not been in favor of global warming. This has led to the utilization of their substantial resources in response to global warming. The impacts of climate change have been a cause of worry to many leading to the shift in the discourse. Most businesses that initially took little measures in the campaigns against climate change have currently undergone opinion transformation. They have gone to the extent of urging governments to take regulatory measures as well as directions to minimize the effects of global warming. There are however some attempts to undermine the actions as well as the concerns of climate change by some influential organizations due to personal interests (Nigel, 1996). In majority of the nations that are industrialized, the major businesses that are influential to the economy include the oil corporations in addition to the manufacturers of vehicles that play a vital role in the wielding of vital lobbying influence over the governments in addition to the responsibilities that are demanded by the shareholders before they commit themselves towards the emissions of carbon dioxide (Ronald, 2000).

It is therefore the responsibility of the developed nations to play a hand in the paying off the carbon dept through offering assistance to the emerging countries towards the development of the cleaner paths such as the adoption of technology transfer, capacity building as well as finance. A more clear understanding of the nature that the opportunities of business has been trumping the effectiveness of policy may be derived from the consideration of  other potential solutions in as far as global warming is concerned. The expansion of the bio-fuel leads to the acceleration of climate change as a result of the high level of deforestation, issues of peat drainage, destruction of the ecosystem in addition to the application of nitrate fertilizers in extremely high levels (Roger & Julian, 1994).

The Advantages of the Green Economy

To be able to achieve economic growth which is associated with a greener economy and a happier society, it would be the duty of the governments to implement legislations that addresses in a comprehensive manner, the actual sources of the emissions. This may include for example the regulation of natural resources exploitations that are done by the industrial producers not forgetting of course the entire environmental cost that is associated with production in to goods prices in addition to striving at discouraging the consumer culture that has been pervading with a principle focus on life especially in the context of the developing world (Melvin, 1992).

It is important to realize the advantages behind the economy going greener. The transformations that are associated with this development are responsible for the creation of new opportunities, higher levels of efficiency leading to more savings on financial terms. There will also arise a population that is healthier and productive and the resulting economy will be much greener and sustainable. It is therefore the responsibility of the governments to take more decisive action on issues of climate change if their country is to progress. The reductions in emissions have been set by the year 2050 but it is still projected that the emissions of these rich countries will still be ahead of their fair share.

It is therefore the responsibility of the developed nations to play a hand in the paying off the carbon dept through offering assistance to the emerging countries towards the development of the cleaner paths such as the adoption of technology transfer, capacity building as well as finance.

Conclusion

Economic growth has been used by many nations as a measure of their success and the current model of economy requires the ever unending growth in addition to the ever-rising consumerism for the sake of stability. It has been documented that the achievement of economic growth on a global context depends on the achievement in the reduction of the intensity of carbon emissions in the environment.

Code: Sample20

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