The economy of climate change. Does capitalism lead to ecological disasters?
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Essay from the year 2014 in the subject Environmental Sciences, grade: 84, University of the West Indies, course: International Political Economy and Climate Change, language: English, abstract: In the United Kingdom, images of inundated streets and houses have persistently flooded the headlines this winter, giving the impression that communities were built on river beds. In addition to this are the assertions that 2014 marks England's wettest winter since record keeping began in 1766. A similar story is told of France where hundreds of individuals in the South were displaced due to heavy rain...
Essay from the year 2014 in the subject Environmental Sciences, grade: 84, University of the West Indies, course: International Political Economy and Climate Change, language: English, abstract: In the United Kingdom, images of inundated streets and houses have persistently flooded the headlines this winter, giving the impression that communities were built on river beds. In addition to this are the assertions that 2014 marks England's wettest winter since record keeping began in 1766. A similar story is told of France where hundreds of individuals in the South were displaced due to heavy rains and consequent flooding. Indeed, worldwide, the frequency and intensity of natural disasters has increased and has also reignited the debate on the urgency of action to be taken to tackle climate change or face the consequences. The assertion that 'capitalist development expresses itself in environmental imbalance and ecological disasters such as climate change' (Koch 2012) is a view widely maintained by environmentalists or green movements who oppose the wanton exploitation of the planet's non renewable resources characteristic of capitalism. To begin, it is essential to define a few key terms within the given quotation. Firstly, an 'ecological disaster' is defined as an event that is caused by human activity and results in serious negative impact on the environment. Classic ecological disasters include the nuclear explosion at Chernobyl in 1986 and more recently the BP oil spill in 2010 which caused extensive damage to marine ecosystems.
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