Climate change and global warming are among the foremost concerns of this era. The earth is losing its polar ice caps at an unprecedented rate. Instead of finding solutions to avert this crisis, major world players are fighting to control and exploit the untapped hydrocarbon reserves of the Arctic.

Global warming is a major concern of this century. The earth’s temperature has increased by 0.08 degree Celsius per decade since the advent of the industrial revolution. The ‘Heat dome’ over the Pacific Northwest and parts of Canada, formed during the summer of 2021, has resulted in the suffering of millions. Globally, 37 per cent of all heat-related deaths between 1981 and 2018 have been due to global warming. NASA reported that the decadal loss of Arctic ice was 13.1 per cent between 1981 and 2010. Scientific investigators recorded the lowest ice concentration in the Arctic in August 2020.

The only option available to combat this crisis is reducing global GHG emissions. There was a brief drop in emissions during 2020 due to Covid-related lockdowns. But these changes are brief and temporary. Oil demands are predicted to rise by 5 million barrels per day during the second half of 2021.