Globalisation's Climatic Challenge: Exploring the Economic Dimension of Climate Change

Abstract

The states, societies, global economies, cultures, and people have witnessed huge interconnectedness and interdependence due to globalisation, particularly in the last few decades. This process has contributed to uplifting the men’s standard of living due to economic collaboration on one hand. On the other hand, it also profoundly impacts the environment across the globe. For example, climatic challenges are known as a byproduct of globalisation in scholarly discourses in both natural and social sciences. Climatic changes have undermined the potential of globalisation. It is menacing the sustainability of both developed and developing states. Particularly, developing states cannot deal with its challenges due to its diverse nature and absence of planning. It has social, economic, political and ecological aftereffects. This research discourse examines the multifaceted nexuses between globalisation and climate change, determining the economic and environmental dimensions, as these two are closely related. The analysis reveals both positive and negative impacts of the unavoidable process of globalisation on the climate crisis, indicating the complex interplay between global economic integration and environmental sustainability. However, mitigating the impacts of globalisation on climate change requires inter-state collaboration because no state can deal with it single-handedly. The method of critical analysis of the scholarly contributions on both climatic changes and globalisation has been chosen to reach the findings of this research article. The main added value of the paper is the synthetic forecast of the economic effects caused by global climate change. It may enrich the discussion about the effects of climate change through disseminating and accepting scientific knowledge.