Engagement
Being one of the attendees to the Conference in Turkey, dubbed “Combating climate change, and the private sector” and hosted by the Turkey Industry and Business Association (TUSIAD). The topic for the conference is as mentioned above, and it had an array of issues to address about the political as well as the economic climate of the country (Moss et al. 750). Therefore, the paper involves a combination of the issues relating to the engagement and the research-based inferences relating to the effects of the climate change in Turkey to both business and political temperatures within the nation.
It aims at safeguarding the environment, by ensuring that the tenets of the environmental programs apply to the maximum, in maintaining the status of the environment. Additionally, at the same time growing world-class businesses, which propel the economy to greater heights through the creation of a very political ground as well as business climate (Moss et al. 750).
Moreover, the Paris agreement is relevant to the business world because it will guarantee good relations between the member states, creating a favourable environment for operating international businesses (Moss et al. 755). As a result, the economies of the countries applying the agreement in their businesses will get to grow at a significant rate because they will base their operations on the guidelines of a common origin, which are the Paris business regulations for sustainable development (Sadorsky 150).
The goals for sustainable development also seem quite good for the businesses in the nation, because they guide the process of continuous development without incredibly depleting the natural resources within its borders (Beschta et al. 480). The same will guide the process of economic development, directing attention to a common financial goal without necessarily introducing other mechanisms that will lead to environmental depletion (Silanikove & Nazan 27).
The goals for sustainable development will be beneficial to the business world in Turkey because the environmental effects such as global warming, floods which most of the time derail business development in most parts of the world will tend to reduce significantly (Beschta et al. 480).
In relation to results of COP22 in terms of Turkey, the politics of special circumstances for long have determined the policies relating to climate change in turkey. In particular, the coup attempt and the state of emergency declared in Turkey clearly showed that the matters concerning climate change are not of priority. However, the governmental decrees passed recently provided opportunities for extractives in Turkey with respect to the coal rush. The Intended Nationally Determined Contribution (INDC) of Turkey depicted a 21 percent decline in the emission of greenhouse gases from the usual business operations by the year 2030 if implementation begins from 2021. Moreover, Turkey contributes around 1.24 percent of the global emissions to the atmosphere. Additionally, Turkey’s per capita are likely to outdo those of the giant economies like China, USA, and EU.
In addition, Turkey aims at using carbon markets in achieving its target thereby risking the export of its emissions to the developing countries in various parts of the world. However, China can easily utilize the carbon-pricing means to minimize its furcated gas emissions by 40 percent ("Turkey: Notes from a State of (climatic) Emergency"). Noteworthy is that Turkey did not promise any action on climate change policies before 2020. Consequently, Turkey is in need of climate finance and contribution of developing countries to boost its ambition regarding climate change policies. Turkey will depend on the funding flows in the form of concessional loans, credit lines, and equity investments to boost its energy efficiency and renewable energy.
The goals for sustainable development are the goals that will guide the process of economic development in Turkey as well as the entire world. The laws will lead to environmental conservation while at the same time creating a climate that is healthy for doing business (Beschta et al. 480). The business world will perceive the goals for sustainable development as a good idea and a plan to create a future for the business community. When the developmental goal recognises the importance of environmental conservation while generating new commodities, it means that the economy will grow not at the expense of the natural resources within its environs (Kale et al. 36).
Therefore, the business world will have a positive attitude towards such plans because the developmental measures in place will ensure that the natural resources get used in a responsible manner because there exist regulations that monitor the usage to avoid extreme depletion of such remedies (Stocker et al. 27). For example, the manufacturing sector makes use of a greater percentage of the natural resources in the production of finished commodities for example timber for buildings, as well as materials for the wooden floor (Gleick 335). If the trees are cut down to obtain the raw materials, without creating plans to compensate for the reduction of such trees, then the future of the industry is in limbo, and it will not have a longer lifespan. Therefore, most of the businesses will take the goals positively and observe them, to ensure that they operate their commercial activities for a long time (Kiron et al. 75).
Additionally, climate change might not be a good experience for most businesses. Most of the businesses incur great losses because of the climate change (Beschta et al. 1040). For example, the agricultural sector will face significant challenges once a new environment faces a place. It might lead to the death of crops as well as animals, significantly reducing the economic gains of the people who operate agri-businesses (Arnell et al. 512). Though sometimes it takes a long period before it recurs, the effects of climate change are severe to businesses.
Therefore, the businesses have a negative perspective about climate change, because they view as a challenge and a drawback to their development. The climate will derail business operations within Turkey and most other parts of the world (Ruddiman 56). Therefore, it will create political turmoil because businesses are the major pillars of development within any country, and political ideas revolve around commercial activities within a nation’s borders.
The financial instruments that seem useful in combating the effects and the extent of climate change include but not limited to, taxation, whereby the emission of carbon to the atmosphere attracts a charge to the perpetrator of the regulations against the emissions (Bulkeley & Vanesa, 365). Therefore, people or businesses will get discouraged from releasing such gases to the atmosphere because their income will depreciate. As a result, the emissions will reduce because people will not like paying for the mismanagement of the waste from their industrial processes.
Secondly, within the system of the Kyoto protocol, there was a creation of the emission trading systems. It is one of the factors creating an excellent atmosphere for business operations (Arnell et al. 515). It places much importance on sustainable development and enforces regulations that reduce the emissions from the various processes to the atmosphere. The emission trading system creates alternative ways of recycling or reusing the waste materials for the businesses to reduce such emissions to the air.
Thirdly, the taxation-based control mechanisms tend to introduce rigidity within the system, an act that affects the decisions made by the market agents (Bulkeley & Vanesa, 366). Such rigidity associated with the system will have a positive impact on the environment because the producers of such materials will see it unrealistic to pay for the overproduction of waste, through the heavy taxation associated with the same activity.
Finally, the technological standards that pertain to the fuel oil production is another factor that regulates climate change (Fankhauser 156). The oil producers have the procedures laid down with keen monitoring to ensure that the release of the carbon monoxide as well as other gases relating to the distillation of crude oil does not find their way into the atmosphere (Bulkeley & Vanesa, 366). Therefore, the fuel manufacturing businesses will have the mechanisms of treating the gases, for example through the scrubbing mechanism to ensure that they do not get to the atmosphere while untreated.
Finally, the policies mentioned above will have significant effects on the Turkish economy, because the economy will grow while observing the goals for sustainable development. Such developmental goals will have a great benefit to the nation because the environmental will remain intact while the economic growth continues to rise (Arnell et al. 515). Therefore, the goals for sustainable development within Turkey will operate if fully, if the instruments mentioned above are adhered to effectively.
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