Moving Ahead With Economics: The Reasons of Market Failure

Moving Ahead With Economics: The Reasons of Market Failure
The Role of the

International Organization in Sustainability

Countries, organizations and individuals are becoming selfish and manipulative day by day. In such a world the resources such as the common access resources are becoming more vulnerable. Common access resources are those resources which are rivalrous perhaps non-excludable. The main drawbacks of such resources are that they are free in nature and nobody can deny its usage although its overuse makes the resource rivalrous; for example, air, fish in the open seas, wildlife etc. The over-exploitation of these resources is paced up in today’s world which is adversely effecting the environment. Defiantly there is development seen due to this trend but the highlight is that this development is not sustainable. Researches and awareness programmes have successfully triggered this into everybody’s mind that this carefree and careless behavior of us is ultimately causing harm to ourselves and the mother earth has already started giving ultimatums about the outcomes of such activities of humans by showing trailers of the future disaster that may definitely happen if this recklessness is continued. This alarming problem demands strong international co-operations.International organizations are actively showing interest in such handshakes because it is a binding case of environment. There are a lot of agreements signed, laws passed and measures taken in such a short while (after the issue being introduced) which is quite an achievement for this world. Many of such treaties have been  successful over the years, like the Montreal Protocol (1987-1989)  but a lot of them have also been unsuccessful because of the mere fact that countries are organizations involved in these actions are selfish and they try to derive individual benefits out of such sensitive goals which is petty. For example the Kyoto Protocol of 1997-2012.

The most recent example is the Paris Climate Change UN Conference 2015. The Paris UN Climate Conference represents an historic opportunity to put the world on course to meet the climate change challenge. The world needs a new model of growth that is safe, durable and beneficial to all. COP21 seeks to deliver a clear pathway with short and long term milestones, and a system to help us measure and increase progress over time until we get the job done.  The conclusions yet are positive.[1]

[2]

Ø This speech by Obama (president of the USA) gives us some hope  because it’s good to see that such developed countries are also co-operating.

[3]

Ø The statement of the Russian President Vladimir in this video about the injustice to the developing countries is a very good because lack of equality is one of the most debated topics in such issues.

All in all such agreements are the need of hour and the only solution as of now for the ecology and thus we shouldn’t stop until we find a better solution to tackle such loop holes.

-Shalini Sinha

Bibliography-

[1]- Figueres, Christiana. United Nations Framework Convention on Climate Change. UNFCC,n.d.Web.9Jan.2016.<http://unfccc.int/meetings/paris_nov_2015/meeting/8926.php>.

[2]- COP 21: Obama's full speechat Paris conference - live
  [3]- COP 21: Putin's Full Speech on Russia Climate Change Reform - Live. Perf. Vladimir. YouTube. Euronews, n.d. Web. 08 Jan.2016. <https://youtu.be/Y4R28THutKI>.