There is now overwhelming evidence that the world is in the midst of a climate crisis. Over the past, just 20 years, the Northern Hemisphere has seen a rise of 0.8 degrees Celsius. This temperature rise is causing the ice caps on the North and the South Pole to melt rapidly.
The impact of climate change is being felt across the globe.
There is a fair degree of unanimity amongst nations across the globe that for growth and survival, the world will have to wean away from carbon fuels. There is an increasing emphasis on renewables for meeting energy needs. Electric mobility is gaining ground in North America, Europe, and China.
Global investment funds from the Nordic region have stopped investing in carbon energy-based projects. They now fund green projects only. Many major fund houses are progressively increasing investments in the green economy. ESG investment is now emerging as a norm. Climate risk assessment models have been developed to evaluate business risk due to global warming.
The world is now witnessing competition between carbon fuel-based and clean energy growth. It is this competition that is driving political competition amongst nations and policymakers. Each is trying to gain leverage over the other.
Climate change, investment risk assessment, development, competition for green energy, electric mobility, and green economy are hot areas for researchers. The impact of the green economy and the world requires to be studied.
Research in these areas will benefit researchers’ career prospects and help the world too.

 

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