This article was originally published on Youth Ki Awaaz.
“We have seen how the global economy has been paralysed even after liberalisation and globalisation. Ecological causes have forced us to look at green economic models. We need corporate environmental responsibility to change.
The corporate-carbon-consumer axis has been the design of the global economy for the last 20 years following the Earth Summit, 1992. Corporate houses use carbon as a resource, selling products in the market as ‘low-carbon’ and ‘eco-friendly’. This increases the concern regarding usage of carbon.
The developed world and some of the most powerful developing economies stand committed to cutting down on carbon emissions. The great global carbon politics has detracted from the basic meaning of sustainable development. Corporate accession has induced a great carbon market which has created a shift to corporate imperialism. Over the last 20 years, we have witnessed a series of natural disasters despite the global agenda for sustainable development. Therefore, the focus of green economics is to generate jobs by introducing low-carbon emissions for large corporations. And to design better public-private partnerships to use and transfer green renewable technology…”
Read on at: Youth Ki Awaaz.