Financial and economic analysts admit that the community cannot arrest new challenges that climate change brings, deploying outdated concepts with a mission to bring transformational changes in both the UAE and the globe. It has been seen that natural resource deployment in the world economy has been linear ever since the onset of the first industrial revolution in the world. The ” take-make-waste ” model has been completely integrated into the modern economy and plays a significant role in the extraction of natural resources, their transformation, production, subsequent use, and finally, disposal.
Kavan Choksi Singapore – The emphasis made by the World Economic Forum on greenhouse gas emissions
Kavan Choksi Singapore is a business and finance expert respected for his in-depth knowledge of Economics and Finance. According to him, The World Economic Forum recently emphasized that, with the exclusion of emissions from the transportation and the energy sectors in non-residential structures, there are approximately 50% of these emissions are now rapidly contributing to severe climate change not only in the UAE but the world as well.
The challenges of climate change the world need to battle
These emissions are extensively generated from both the production and the subsequent consumption of regular things that people need in their daily lives. When those goods are considered, it has been observed and seen that the percentage of global greenhouse gas emissions is about 70%. This percentage is a lot more than the planet can support while producing a large volume of waste worldwide. Now, if this continues on its current course, it will be seen that society as a whole will go on to consume 60% more natural resources in the near future.
He states the demand for more food across the globe is expected to increase by 42% soon. As a result, he is cautious that merely continuing with the current food-industry production methods on its own will soon result in the world far exceeding its allotted global carbon budget.
A new direction has to be taken – Imposing the benefits of a circular economy in the UAE
Kavan Choksi Singapore believes that the demand for these regular commodities will increase drastically with the global population that is growing every day and the consumption of goods. This will lead to an increase in greenhouse gas emissions, accelerating the adverse effects of climate change not only in the UAE but across the globe as well.
He thinks that more significant business collaborations are crucial to promoting new definitions of how the Middle East consumes goods and what the region does with them afterward to reform every part of the nation’s take-make-waste model system. Contrary to the present model of consumption, the circular economy is a significant model that emphasizes the sharing, reuse, and recycling of goods and services to optimize their value. This is why he believes that a shift towards the circular economy is one of the most important steps that the UAE can make in this direction now.
Financial and economic analysts admit that the community cannot arrest new challenges that climate change brings, deploying outdated concepts with a mission to bring transformational changes in both the UAE and the globe. It has been seen that natural resource deployment in the world economy has been linear ever since the onset of the first industrial revolution in the world. The ” take-make-waste ” model has been completely integrated into the modern economy and plays a significant role in the extraction of natural resources, their transformation, production, subsequent use, and finally, disposal.
Kavan Choksi Singapore – The emphasis made by the World Economic Forum on greenhouse gas emissions
Kavan Choksi Singapore is a business and finance expert respected for his in-depth knowledge of Economics and Finance. According to him, The World Economic Forum recently emphasized that, with the exclusion of emissions from the transportation and the energy sectors in non-residential structures, there are approximately 50% of these emissions are now rapidly contributing to severe climate change not only in the UAE but the world as well.
The challenges of climate change the world need to battle
These emissions are extensively generated from both the production and the subsequent consumption of regular things that people need in their daily lives. When those goods are considered, it has been observed and seen that the percentage of global greenhouse gas emissions is about 70%. This percentage is a lot more than the planet can support while producing a large volume of waste worldwide. Now, if this continues on its current course, it will be seen that society as a whole will go on to consume 60% more natural resources in the near future.
He states the demand for more food across the globe is expected to increase by 42% soon. As a result, he is cautious that merely continuing with the current food-industry production methods on its own will soon result in the world far exceeding its allotted global carbon budget.
A new direction has to be taken – Imposing the benefits of a circular economy in the UAE
Kavan Choksi Singapore believes that the demand for these regular commodities will increase drastically with the global population that is growing every day and the consumption of goods. This will lead to an increase in greenhouse gas emissions, accelerating the adverse effects of climate change not only in the UAE but across the globe as well.
He thinks that more significant business collaborations are crucial to promoting new definitions of how the Middle East consumes goods and what the region does with them afterward to reform every part of the nation’s take-make-waste model system. Contrary to the present model of consumption, the circular economy is a significant model that emphasizes the sharing, reuse, and recycling of goods and services to optimize their value. This is why he believes that a shift towards the circular economy is one of the most important steps that the UAE can make in this direction now.
