By Syed Ali
The current COVID crisis has affected the evolution of our species in more ways than can be explained by our limited ability to understand human trauma. The pillars of human development; Economic productivity, mental health, social exchanges and the death rate have been compromised over the past two years and may perhaps extend into the foreseeable future. This virological alteration together with global warming is causing anxiety among the young people of the world.
Global warming is raising ocean levels at a tragically fast rate, potentially drowning us and sinking megacities full of youthful vigor. The scientific community studying the climate crisis has published the estimated time remaining before major damage is inflicted on urban infrastructure. Policy experts have devised strategies to implement the pre-industrial goals of less than 2 ° C and to allow our planet to remain a center for youth creativity and productivity. Despite this, we lack a coordinated global effort to meet the goals to stop our planet from warming. It is time for us to re-evaluate the relevance of our current governance systems and their ability to deal with the global cataclysm. Our existing systems are postwar governance models designed to avoid the dominance of national and racial superiority over one another. More importantly, the magnitude of COVID-19 mismanagement is ipso facto proof of the ineptitude of our political models to deal with a major crisis.
The COVID-19 crisis and growing weather disasters are causing anxiety in younger generations; apprehensive about your future caused by regular environmental catastrophes with the potential to reverse all the progress made over millennia in the course of your life. Aggravated by the current crisis that has already severely impacted two productive years of a generation that would otherwise have been venturing around the world, exercising their innate right to innovate and create in their younger days.
Global closures have affected young people’s livelihoods, subsequently increasing debt in a market where automation makes organizations agile and efficient. There is an inextricable link between secure livelihoods and youth innovation; Unfortunately, this is corroding every day due to rampant unemployment, adding to economic insecurities in the younger demographic. An impoverished, unemployed and stressed society may not progress in the way necessary to take greater risks for global poverty reduction.
A recent mockery by a prominent American satirist read: “There is a pandemic and the bad news is that the government is in charge. The government’s handling of COVID-19 has been inefficient and the ongoing development against global warming is not aggressive enough. A fundamental indicator to measure a nation’s commitment to climate change is enshrined in article 4 of the Paris agreement, by which it obliges countries to present their decarbonization strategies; a landmark document to phase out carbon emitting sources. Of the 194 signatories to the Paris agreement, only 31 countries have submitted their plan for a carbon neutral economy.
There is enormous dissonance in the climate crisis, financing and diplomacy. The Paris agreement in article 9,10,11 establishes the financing protocol for climate-resilient recovery for developing and emerging economies. This proposed funding is done through a global climate fund (GCF) with the goal of mobilizing $ 100 billion of annual investments by 2020. As of now, the total funding received by the GCF is $ 8.9 billion, of which $ 5.8 billion is in the implementation phase. On the other hand, philanthropic funds constitute an important part of climate finance; a recent pledge from billionaire Jeff Bezos estimated $ 10 billion with an annual pledge of $ 500 million. Yet all of this collectively dwarfs the estimated $ 86 trillion, 2.5% of the world’s annual GDP required to implement the Paris agreement.
What makes young people anxious about the future is the regrettable failure of governments to meet the 2C target. Six years after the Paris agreement and all we have is another international treaty, bogged down in political knowledge, diminishing the hope of safeguarding our future. Even if we push hard enough today, it won’t stop glaciers melting, forests burning, dry grasslands, flash floods, and rivers breaking on their banks. The ecological stress is compounded by the inept global political order that is unwilling to act together. Unfortunately, we could break the 3C above the pre-industrial level, raising the sea level in meters, making crop failures imminent, destroying coral reefs, including the Amazon rainforest, which plays a crucial role in the balance of the ecosystem. of our planet. It goes without saying that within a short period of this natural disaster, the majority of the younger population will be lost to conflict; causing civil unrest and increasing climate anxiety.
We are delaying the response to a major problem through the wiles of the old power filled with people desperate to save their jobs and not the survival of our planet. We need to divorce climate change from politics and diplomacy. Technology is the tool in our hands, therefore micro-monitoring of carbon emissions by households and businesses by imposing taxes on individuals and businesses alike is a much-needed measure. We also need to maneuver our youth-led business and innovation progress toward sustainability. Making tough decisions without manipulation can change the course of history and save our younger generation from the scourge of climate change.
(The author is an independent policy and sustainability analyst. Opinions expressed are personal and do not reflect the official position or policy of Financial Express Online. Twitter: @Alinyst)