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The Worlds Need for Transition to Carbon-Free Production
The climate is constantly changing, and people are suffering from this, losing the opportunity to get food and earn money. In this regard, the world needs a transition to carbon-free production and financial support for developing countries. Countries must allocate a shared budget to make the transition to zero-clean fuels more equitable (Stern & Valero, 2021). Moreover, developed countries should provide financial support to less stable countries. Since the economy of many countries is based on the extraction of fossil fuels, the transition to an alternative source will be disastrous for them. Many countries are already on the verge of poverty, so it would be fair to continue to provide humanitarian support to the population. Thus, more developed countries should support poor regions for a more successful transition to alternative fuels and poverty reduction.
Additionally, responsibility should also be shared between heads of state or alliances. The area of responsibility may include charitable organizations, including the red cross, when it comes to supporting the population. Moreover, international organizations such as the UN and the CIS must conduct constant negotiations to stabilize and share responsibilities. This will allow the fastest transition to zero clean fuel and alleviate poverty. In addition, World Investment Bank and the World Health Organization should share responsibility. It is needed because countries could ask for financial support and health monitoring.
Thus, the way forward is to price carbon and create buyback programs. In this case, it is necessary to use transport and shipping transportation with low fuel emissions. It is essential to establish a transparent fuel cycle analysis as it moves from one source to another. Moreover, it is necessary to highlight the consideration of fuel emissions in the regulatory environment. Developed countries need to establish comprehensive measures to create global zero-emission fuel production. Partnerships between the leading countries will help build a fuel supply in the initial stages.
Reference
Stern, N., & Valero, A. (2021). Innovation, growth and the transition to net-zero emissions. Research Policy, 50(9), 13-17. Web.
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