Currently, humanity is facing three major global challenges: the Global Financial Crisis, the Food Crisis and the Climate Crisis. The challenges are inter-related and need to be jointly addressed. However, international cooperation is lacking and global leaders and decision-makers have yet to adopt clear and focused practical measures
for implementing sustainable development on a global scale.
http://www.uncsd2012.org/rio20/index.html |
The Global Financial Crisis
The global
economic prospects are marked by uncertainties and vulnerabilities. The fiscal
crisis in Europe has intensified and its growth is slow. The effects have
spread to developing as well as high-income countries with a decline of capital
flows to developing countries by almost half in comparison to the previous
year. Growth in major developing countries has slowed down. These developments
might reinforce each other and lead to more instability. High deficits and
debts in Japan, Europe and the United States represent major challenges that could lead
to adverse shocks. According to the World Bank, in the event
of another global crisis similar to the one in 2008/09, countries would not be
able to recover as quickly as they possess fewer fiscal resources today than in 2008.
Measures: With regard to the European crisis, the World Bank and the IMF are currently discussing the creation of an
emergency rescue mechanism in case the European economies need further
financial support. The major emerging
economies Brazil, China, India and the Gulf oil exporters have been asked to
provide the necessary resources. They have agreed if they are granted more
influential power at the IMF. Those that
have been driving global economic growth are the emerging and developing
countries. They have replaced the industrialized countries as the global
leaders with regard to GDP growth.
Between
2007 and 2011, the 10 largest economies by Incremental Nominal GDP according to
the International Monetary fund were China
(GDP growth: 25.0%; Share of Global Incremental GDP 24.38%), Japan (GDP growth: 25%; Share of Global
Incremental GDP: 10.31% ), Brazil
(GDP growth: 20.7%; Share of Global Incremental GDP: 7.95%), United States (GDP
growth: 1.8%; Share of Global Incremental GDP: 7.23), European Union (GDP growth: 1.5%; Share of Global Incremental GDP:
6.88%), India (GDP growth: 15%; Share
of Global Incremental GDP: 4.82%), Russia
(GDP growth: 11.3%; Share of Global Incremental GDP: 4.08%), Australia (GDP growth: 14.5%; Share of
Global Incremental GDP: 3.86%), Indonesia
(GDP growth: 23.3%; Share of Global Incremental GDP: 2.81%), Canada (GDP growth: 5.9%; Share of
Global Incremental GDP: 2.33%) and Germany
(GDP growth: 2.3%; Share of Global Incremental GDP: 2.09%). Only 35% of incremental
global nominal GDP was generated by the industrialized nations while 77% was
generated by emerging and developing economies.
The greatest difficulty that Europe is facing is finding the right
balance between reducing debt and stimulating growth. Currently, European policymakers are disagreeing on the measures that should be taken. Angela Merkel, the German chancelor, is advocating for austerity while the newly elected François Hollande would like to see stimulating growth measures being implemented. It is clear that investments and
employment need to be boosted but growth should not be reliant on growing public debts.
The Food
Crisis
Almost
1 billion people on Earth are starving and most of them are children. Due to
the economic slowdown, an additional 115 million people were pushed into
poverty and hunger. Food prices continue to be volatile in many developing
countries but there has been a general trend of soaring commodity prices since
2005. The prices of oil, coak, copper, gold, wheat, maize and iron ore, amongst
others, have risen substantially and even doubled and tripled. The increase of
food prices is intensified through the
effects of climate change such as strong storms and droughts, for which humans
are believed to be partly responsible for. The World’s
poorest people spend 60-80% of their small income on food, with little being
left for medical care and housing, not to mention schooling. The worldwide
demand for primary commodities is rising and the provision of food has become a
global challenge in view of the rising world population and limited resources.
Measures: Farmers need to be
provided with high-performing seeds and crop protection products, fertilizers and tools as well as technical equipment
and training. The infrastructure of rural areas needs to be improved and food
and water resources need to be managed more effectively. Public spending and private
investments need to be increased to fight against hunger, malnutrition and
poverty.
The Climate
Crisis
Climate change and the destruction of ecosystems are leading to serious
consequences for the global economy. The provision of food and water supplies
is at risk and changes in precipitation patterns, higher temperatures, rising
sea levels and natural disasters have deteriorating effects on agriculture. These
effects lead to resource constraints due to poor harvests and crop failures
which result in price shocks and ecological instability. Land areas with low
altitudes and islands are threatened due to increasing ocean temperatures and
consequently rising sea levels. The temperature is changing too fast on a
global level. While some regions are becoming drier and are subject to droughts and
fires, others are becoming wetter and are subject to floods. Water resources are at
risk due to climate change. This leads to consequences for human health, the
economy and wildlife. Floods, droughts, crop failures, extreme
weather conditions and fires lead to property and infrastructure damage for
which the society and the economy have to bear the costs. Industries that are
dependent on specific temperatures and precipitation levels are agriculture,
forestry, energy and tourism and will be heavily affected. Our economy depends
on all of these sectors which is why each and every one of us is concerned. Animal species are not able to adapt quickly enough to the
changing conditions of their habitats while other species can reproduce too
quickly which can lead to plagues.
Measures: The
use of sustainable energy sources such as water, wind, solar and geothermal
energy is indispensable to control rising temperatures that could lead to
global disasters. Economic development needs to run parallel along sustainable
development. Sustainable agricultural and industrial technologies and
lifestyles need to be adopted and promoted to reduce the perilous
pressures on the Earth’s ecosystems.
The IMF/World Bank has voiced a troubling
truth: “Our highly interconnected and crowded world has become a highly complicated
vessel. If we are to move forward, we must start pulling in the same direction,
even without a single captain at the helm."
That is to say we need to cooperate on a global scale, beyond borders, nations
and ideologies. It has become evident that the major global challenges
we are facing are interdependent and need to be jointly addressed. We are facing
a global financial crisis, a food crisis and a climate crisis. We are subject to unstable oil
prices and depleting resources as well as continuing destruction of ecosystems
and extreme weather events. Global governments and citizens are required to act
in order to ensure peace and stability on our planet.
RIO+20
One of the upcoming major
global events focused on development and sustainability is the RIO+20 United Nations
Conference on Sustainable Development. It is an Earth Summit where the world’s
top leaders will come together in the city of Rio de Janeiro in Brazil. The
conference will take place from June 20th to June 22nd
2012 and is an important historic event as it marks the 20th
anniversary of the 1992 United Nations Conference on Environment and
Development (UNCED) and the 10th anniversary of the 2002 World
Summit on Sustainable Development (WSSD) In Johannesburg. The conference’s
objective is to promote the creation of decent
jobs, the promotion of
sustainability and the promotion of
effective disaster management across the globe. Two main issues are being
focused on: a green economy within the framework of sustainable development and
poverty eradication and the enhancement of international cooperation in the
field of sustainable development. At the conference, thousands of government
officials, NGOs, private companies and further stakeholders will come together
to discuss the movement towards a strong sustainable development on a global
level. Governments will be encouraged to adopt practical measures to implement
sustainable development in various sectors and industries. Side events,
exhibitions, presentations and fairs will take place between the official
events.
What you can
do
- Help our planet by signing the pledge of theZoological Society of London (ZSL), which is a charity devoted to the worldwide conservation of animals and their habitats. ZSL will be taking the pledge to the Rio+20 Earth Summit in June.
- Use no single-use plastic such as plastic straws, caps, cups, utensils, plates and water bottles. Use glass instead!
- Millions of children around the globe are at risk from severe malnutrition, suffer from hunger, a lack of clean water or are at risk due to natural disasters. If you are from the UK, you can sign Nick Clegg’s Speak up for Children petition. He will speak up for children at the Rio Earth Summit to stop food crises like West Africa happening in the future.
wow this is going to be big and great. Come one, the whole world together!
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