Innovative Financial Advisors Pvt. Ltd.
Innovative Financial Advisors Pvt. Ltd
“We are able to breathe, drink, and eat in comfort because millions of organisms and hundreds of processes are operating to maintain a livable environment, but we tend to take nature’s services for granted because we don’t pay money for most of them.”
The World Environment Day (5th June) provides a platform to create awareness, raise our voices and encourage actions to safeguard the environment. It is celebrated throughout the globe with more than 100 countries participating in various activities related to environment conservation. This global platform galvanizes the individual actions into a collective one, creating a positive impact on environment. However, one shouldn’t choose a particular day to contribute something for the environment, rather small actions done every day is something which is the need of the hour. It is time to realize not only the responsibility to care for the Earth, but also to become agents of change.
This year the theme of World Environment Day (WED) is “Small Islands and Climate Change” and the official slogan is “Raise your voice, Not the Sea level.” The host country is Barbados, a small Caribbean nation that is leading the way in solar energy. The nation is facing challenges regarding sea level rise due to climate change and natural disasters. However, it is working towards transition of the nation into a green economy.
The UN has declared 2014 as the year of Small Island Developing State to celebrate the contribution of these nations to the world. The islands comprises of rich bio-diversity, cultural heritage, ecosystems and landscapes. Today, the small islands are facing problems like climate change, unsustainable consumption, degradation of natural resources, and waste management among others that need to be addressed. The impact of global warming on these small islands is devastating as the sea level continues to rise and shall reach its pinnacle by the end of this century. Not many of us know that a 50 centimeter increase in sea level will result in Grenada losing 60 per cent of its beaches, while 1 meter rise would put Maldives underwater. The lives of 63 million people in these small islands are in threat. The coastal communities in these small islands are being threatened by floods and storms. It is believed that many of the small islands will be lost due to rise in sea level.
An increase in oceanic thermal temperature and loss of continental ice leads to an increase in global mean temperature and an increase in sea level. When heat is transferred into the deep ocean, there is loss of continental ice especially in Greenland and Antarctica where the impact of increase in atmospheric temperature can only be observed over millennia. Unless global mean temperature is restored to pre-industrial levels, future sea level will continue to rise over several centuries.
There are few small island nations that have been managed to mitigate the impact on their environment. The examples of resilience and innovation can be seen in Palau to Puerto Rico. Tokelau recently began producing 100% of its energy from solar sources. In Fiji, to help prevent flooding and erosion the local communities are restoring mangroves and coral reefs as they lack the resources to make new drainage systems and seawalls. Innovative Financial Advisors Pvt. Ltd. suggests that these kinds of initiatives can be applied across the world for other island nations to safeguard the environment. Innovative Financial Advisors Pvt. Ltd. has been closely working with the coastal communities advising them to opt for innovative measures to counter their problems. There is an increasing demand of sustainable development especially through raising awareness and building partnerships.
Together we can save the small islands and also the rest of the world. Planet Earth is our shared island. Let us join forces to protect it.
By- Rahul Choudhury
Media Team – Innovative Financial Advisors Pvt. Ltd.