Paris Accord regarding climate change: Mexico

Paris Accord regarding climate change: Mexico

Impact of climate change on business

The biggest challenge in our globe over the decades has been climatic change. Climatic change has been recognized worldwide as a threat to both the present and the future life. Irrespective of the expectation of people that climatic change will affect people in the future, the effect is been felt also in our present day. Climatic change is simply the changes that are experienced in the environmental temperatures, rise the number of floods and droughts experienced, experiencing heat weaves and the sea level rising high and high. The effects caused by climatic changes are; poor sanitations, lack of adequate and clean drinking water, adverse air pollution both indoors and outdoors, and Irresistible diseases. Climate change has been felt in many countries including Mexico, affecting the mode of doing business both directly and indirectly.

When the country of Mexico is mentioned, people think about Sierra Madres, while others think about Rio Grande. Sierra Madres and Rio Grande are sites which have acted as destination of many tourists visiting the country of Mexico. Most famous people like Frida Khalo, and Diego Rivera were born from those regions. Tourist attraction has been one of the main sources of income for the country. The presence of tourists in Mexico created many job opportunities to the local people both the most educated and the less educated. However the changes experienced in climate, interfering with the atmosphere in Mexico has really affected the topography of the country hence attracting fewer tourists in the country. For the last decade, Mexico has experienced a drastic reduction in the number of tourists visiting the country. Changes in climate have remained to be a great thereat to Mexico’s future. Climatic changes has led to different aspect such as low water levels, air pollution, high number of fllods disrupting the traffic, landslides leading to vulnerability.

Climatic change faced in Mexico also affects the private sectors investing in the country buy the rise in hesitation in the world of business. The hesitation is caused by the reduction in the availability of the natural resources, the swings in volatility of price, and the threats to the key industries security. In relation to the climatic changes happening, the business community needs to adjust and rescale to fit for the limited and scarce natural resources in the world. The government of Mexico should be more concerned to how it will redistribute the few natural resources existing to favor both the private sector and the government sector.

History of the Paris Agreement

The Paris Agreement was agreement concerning the climatic change facing the globe with the aim of lowering harmful emission in the air, and strengthening the worldwide fight for the change in climate by bringing different countries together. The Paris Agreement was brought on table on 12^th December 2015. Out of the one hundred and ninety six countries which signed the pact, only one hundred and seventy six ratified the agreement. The Paris Agreements main aim was to reduce the emission in the environment and find methods to curb the rising temperatures in the globe. The countries which participated in the Paris Agreement felt that the climatic change was too iresistable, and immediate action was required in order to moderate the temperatures between 2 degrees Celsius to 3.6 degrees Celsius. Some of the small countries that took part in the Paris Agreement were awarded an amount totaling to 100billion dollars, so as to help to switch to greener sources, and the money was produced by the stable countries. France and India opened up an idea of International Solar Alliance in order to support solar energy in the most developed nations. The developed Countries also launched a project of clean energy research. The Paris Agreement mostly advocated the use of green energy; hence it was against the use of nonrenewable energy. On June 17^th, the United States withdrew from the Paris Agreement and went against the usage of the green technology. The United States is the Country that emits the largest percentage of the greenhouse gases. Despite the United States opting out of the Paris Agreement, it still participates in the agreement but looks forward to get out completely by 2020. The United States is the largest emitter of the greenhouse gases hence makes the country more crucial in the Paris Agreement.

If the countries that took part in the Paris Agreement commits to reducing the greenhouse gases emitted, then global warming effects will reduce by b0.6 degrees Celsius every century. The next goal for the Paris Agreement is to neutralize the amount of carbon emission, or have the carbon emission brought to zero.

How the Paris Agreement will impact the Global business.

In the event that a few organizations still could not seem to understand the certainty of the business network moving to an increasingly maintainable, reduced carbon condition, the Paris Agreement should, at least, urge top administrators to examine long haul maintainability. In spite of the fact that the climatic pact will not be accessible for  signatory purpose until 22 April 2016, and will go into power even later, business perils falling behind on the off chance that they do not think about the understanding’s effect on their supportability strategies.

It is important for Stakeholders to understand the main motives of the Paris Agreement which were;

• Reduction the worldwide increment in temperature to about 2 degrees Celsius in comparison with pre-modern levels. In a perfect world, to decrease the negative outcomes of environmental change, all human beings should plan to limit the temperature not to rise above 1.5 degrees Celsius.
• To speed up the reduction of greenhouse harming gases outflows, and by the second half of the century to accomplish a harmony between GHG emanations and “greenhouse gases evacuation.” Specialists have considered this language a “net-zero objectives,” and recognized that understanding this equalization will probably include utilizing innovations equipped for expelling carbon from our environment.

Enforcing of the Paris Agreement will probably stay a discussed point for a considerable length of time, yet there’s little uncertainty every country will execute enforceable governmental guidelines that compare to their separate NDC goals. For the private segment, this is the ideal opportunity to start adjusting corporate maintainability practices with center business methodologies, and finaly, their country’s NDC.