It is time for the global economy to employ a concerted effort on a continuous basis, to seek out opportunities and design measures to reduce the global warming and consequent climate changes.

The global warming is mainly caused by the emission of carbon dioxide and other greenhouse gases from industrial processes, fossil fuel combustion and human activities. Fossil fuels like methane and carbon dioxide trap heat near the surface through a process known as the "Greenhouse Effect", a natural phenomenon. However, human activities like the burning of fossil fuels, discharge gigantic volume of greenhouse gases into the atmosphere, which are raising the planet's temperature and destabilizing the climate. The continuous increase of greenhouse gas emissions are resulting into additional warming of the globe over the 21st century. Scientists predict a global increase of temperature from 2.5ºF to 10.4ºF by 2100. "It will also cause additional sea-level rise, which will gradually inundate coastal areas, changes in precipitation patterns, increase risk of droughts and floods, threats to biodiversity, and a number of potential challenges for public health." The global warming is a serious challenge for the health of the planet. Against this backdrop, a growing number of companies and governments are becoming more environment-friendly. To minimize the implications, in 1997 the world's richest countries agreed to curb greenhouse gas emissions at the Kyoto Climate Change Conference. But, the Kyoto Protocol enacted in February 2005, will have little impact, because it exempted developing countries to cut their emissions. Even the US is not a part of it, though it is the biggest contributor to the global warming. Of late, the US is embracing environmentalism.

Addressing the concerns of global warming and consequent climate change is a daunting task for the global economy. To protect it from the adverse effects of climate change, the policymakers must ultimately and noticeably reduce emissions of carbon dioxide and other greenhouse gases, this is the need of the hour. To reach this goal, they should fundamentally transform the way they are powering the global economy. They must steer a century's legacy of unrestrained fossil fuel use and its associated emissions, in search of more efficient and renewable sources of energy. To achieve this transformation, the global society should engage in a concerted effort on a continuous basis and must seek out opportunities and design actions to reduce greenhouse gas emissions.

MBA Review Magazine, Global Warming, Greenhouse Gases, Greenhouse Effect, Policymakers, Global Economy, Greenhouse Gas Emissions, Renewable Sources, World Economic Forum, WEF, United Nations Environment Program , UNEP, Environmental Watchdog.