F.Sherwood Rowland while accepting the Nobel Prize in Chemistry
in the year 1995 made a profound statement pointing out our complacency in tackling
global warming and climate change impacts. He stated thus “What is the use
of having developed a science well enough to make predictions if, in the end,
all we’re willing to do is stand around and wait for them to come true?” As early as 1979 the then President of United
States Jimmy Carter was presented with a report by the National Academy of
Sciences that investigated the contention whether human activities might have an adverse impact on the climate of
the world and predicted a doubling of CO2 in the atmosphere that could
rise global temperatures to about 3
degrees Celsius. The report failed to have the necessary impact on
international community to act decisively and wisely on the ways of nature
reacting to callous human actions in commercial ventures. Business communities were
more concerned about the decrease in profits if they were compelled to limit
fossil fuel emissions in their business activities and the costs of changing
their business-as-usual models to more sustainable ones. The denial by business
and finance communities on climate change in the early 80s and 90s was the biggest
obstacle to climate action. The communities ensured that their thoughts on
climate change reached the public by using blatantly false campaigns
and bought out expertise, distracting them
from gaining scientific awareness on the consequences of activities fueled by
fossil-fuels. The markets that were indicators of the state of economy were not
offered the necessary incentives to
absorb the cost of negative externalities and change their business mechanisms. Instead the
business and finance communities chose to look the other way when scientific
consensus on climate change impact was gaining traction. This lack of oversight
has led to increase in climate related poverty and environmental refugees. I am
presenting here a working paper that calls for a paradigm shift in designing the
business and human rights treaty, currently under negotiation, that aims to hold
global Transnational corporations accountable for current state of our climate
and weather patterns.
A Climate Treaty under the regime of International Poverty Law.