Name Instructor Course Date Decisive Action on Climate Change: A Multi-Stakeholder Approach to Global Crisis The increasing number and severity of climate-change-induced calamities on the populac ...

---

Name
Instructor
Course
Date
Decisive Action on Climate Change: A Multi-Stakeholder Approach to Global Crisis
The increasing number and severity of climate-change-induced calamities on the populace's health, food production, and the overall well-being of the community call for emerging scientific and policy policies at the governmental and corporate levels. Installing that figure to the visuals, it is easy to see that extreme weather events cause massive destruction to properties and displace people with rising frequency while pollution is continually reducing the quality of air and hence leading to adverse health impacts on many citizens, especially those in the vulnerable groups of the society. Washington policymakers and key member companies of the business community need to establish a stringent and credible carbon pricing policy, require corporations to disclose their greenhouse gas emissions along with deadlines for reduction thereof, and significantly promote renewable energy development. Coordinated by federal agencies and corporate stakeholders, these sources of the mixed strategic approach provide the only realistic plan to address the worsening climate crisis realistically.
The Case for Carbon Pricing
Carbon pricing in the form of a cap-and-trade carbon tax structure remains the best way of achieving large-scale reduction of greenhouse gas emissions. This approach puts a price tag on carbon emissions and their direct costs while generating revenues for utilization in climate mitigation policies. The EPA and the DOA are best suited to administer and enforce the type of program as current EPA requirements would suffice to monitor what can be considered a type of program. Some oppose carbon pricing because it increases production costs for organizations and might open the floodgate to shedding off jobs previously associated with the traditional energy industries (Baker, Ekstrom, and Bedsworth). At the same time, it ignores the vast economic benefits arising from the shift to renewable energy. Research has also revealed that efforts directed at the provision of clean energy will employ more people for each dollar than the provision of fossil energy will do. Moreover, the funds that can come from carbon pricing can be effectively 'recirculated' among the communities most impacted by the changes in the energy context, which will lead to a more integrated transformation of our energy economy.
Corporate Accountability and Mandatory Emissions Reporting
The second essential element of this solution is setting up mandatory emissions reporting standards and emission-cutting goals for companies, especially those operating in carbon-intensive industries. From the expository analysis, it becomes clear that industrial processes emit especially dangerous greenhouse gases that are much more toxic than CO2. Based on the findings of this paper, both the SEC and the EPA should require industries to report their emissions in a similar format. They s