Capitalism and the Global Environment

A framework has been formed by capitalism according to which the world is not responding to the environmental changes. Capitalism produces (or is formed by) a number of environmental changes and lays down the foundation for the social relations and for all the political institutions. This thus demonstrates our potential to respond to the changing environment very efficiently. But still the learners of global environmental change do not frequently pass on to capitalism directly (Newell, 2011).

Capitalism, although unrevealed mostly, dominates in almost all academic discussions related to global environmental change. However, in spite of all this development of rhetoric and policy considerations concerning new green deal known as the 'greening' of capitalism, the need is of a variant capitalism which has the potential of handling the climate change specially (Porritt, 2007). At the same time, the one which is less susceptible to instability and...
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