As far as the state of the planet is concerned, we can all look at ourselves once we want to find out who is to blame is concerned. We have been experiencing changes in our weather and while we may find ourselves in urban places that may seem far from harm, we have to consider the Arctic regions which cannot have the same flexibility as far as climate changes are concerned.

Notching up the temperature can prove to be dangerous and once that happens, it will show us a certain degree of climate change disturbance. Indeed, it does seem risky but in the end, consumers will still be the culprit of it all.

Most of the problems we have today are man-made and while our efforts to turn to green living may be laudable, it still remains that we would not be in this place if we had already made preliminary presumptions regarding the whole matter.

If global inflation starts to go up at this junction, the world economy is likely to jump from the frying pan into the fire.

On balance, the conclusion of a successful climate change regime, measures to combat global warming and the reduction the emission of green house gases must not undermine growth.

A plausible solution would be to hive off a portion of growth and turn it away from consumption to anti-pollution measures without distorting competitive advantages or undermining globalisation. The Polluter Pays Principle meets this requirement - what needs to be done now is to develop the magic formula to apply it on the global stage.

(Source) National Business Review