Abu-Ghazaleh: For Our Existence on Earth, We Have To Sell the Present To Buy Future

Press release
Published September 14th, 2020 - 06:08 GMT
Abu-Ghazaleh: For Our Existence on Earth, We Have To Sell the Present To Buy Future
Dr Talal Abu-Ghazaleh
Highlights
Prominent Arab economist and businessman, HE Dr. Talal Abu-Ghazaleh, chairman and founder of Talal Abu-Ghazaleh Global (TAG.Global), warned of climate change crisis, caused mainly by global warming

Prominent Arab economist and businessman, HE Dr. Talal Abu-Ghazaleh, chairman and founder of Talal Abu-Ghazaleh Global (TAG.Global), warned of climate change crisis, caused mainly by global warming, on the future of humanity, calling on all concerned parties to take this issue seriously. He reminded of a similar warning by Bill Gates saying: “Another crisis looms and it could be worse than the coronavirus. As awful as this pandemic is, climate change could be worse.”

In a new episode of his weekly program (The World to Where?) aired on Russia Today (RT), Dr. Abu-Ghazaleh said that the world lacks the necessary awareness of the dangers of focusing on current daily needs instead of seriously thinking about the future of humanity and next generations”.

Dr. Abu-Ghazaleh expressed his belief that by the end of this century , the world will move from the Knowledge Revolution to the Wisdom Revolution, wherein production would focus more on the future interests rather than the immediate ones, pointing out that ‘in the Wisdom Revolution Era, we would start “selling the  present for the sake of buying the future”.

Furthermore, Dr. Abu-Ghazaleh advised better utilization of the Artificial Intelligence (AI) technologies in finding solutions for global warming by developing  smart systems to confront hazardous air pollutants and emissions; either to pre-process emissions of greenhouse gases or to decontaminate such emissions before spreading in the atmosphere by a processing device that can remove toxic and harmful substances from the air.

During the episode, Dr. Abu-Ghazaleh urged world countries to bear responsibility for climate change repercussions, stressing the importance of concluding an agreement between the US and China to find a solution for the issue being the two world largest industrial nations, in addition to the need of obligating countries to respect laws and rights of competition by applying a unified level of control over the environment.

Meanwhile, Dr. Abu-Ghazaleh pointed to the lack of accounting standards that measure environmental damage resulting from economic and industrial activities, which the United Nations has been seeking to introduce since 1999. He recalled how he, along with representatives of the world accounting associations, were assigned by the UN Secretary-General to develop an accounting program that measures the negative environmental impact; by demanding that every company allocate specific amounts of money to compensate for environmental harm caused by its activities in an attempt to reduce negative effects of the concerned businesses on the environment.

Dr. Abu-Ghazaleh referred to the ‘special US-UK relations’ regarding sensitive international issues, noting that US officials had previously refused to discuss any environment-related project without the approval of Washington. That is in addition to the US-UK objection to a UN law that holds companies accountable for their activities and businesses that result in negative effects on the environment. 

Dr. Abu-Ghazaleh further recalled how US President Donald Trump denied during his previous presidential election campaign the existence of a global warming problem, describing it as a ‘Chinese Hoax’ to fight American industry, reiterating his rejection to the issuance of any decision or regulations that restrict the businesses of American companies under the pretext of their negative impact on the environment. 

However the situation will not remain the same during the current presidential campaign for President Trump, according to Dr. Abu-Ghazaleh, as the climate change crisis will become a source of embarrassment for the President because of the youth movements and activists who push towards finding a solution to global warming; as well as demands at the US Congress to address its impact on environment; its existential challenge for the whole human race, notably the statements of a US representative who said: “The world is going to end in 12 years if we don’t address climate change.”

Referring to American studies in this regard, 50% of global living environment has been destroyed by man-made activities and disasters, and it is expected that natural resources would be depleted in 50 years, if environmental degradation has not been seriously handled, Abu-Ghazaleh warned.

He also referred to Bill Gates' warnings saying that: ‘We are witnessing the dangers of climate change represented in seasons’ overlapping, flooding, ice melting in the Arctic and natural disasters, that are all on the rise.’

Background Information

Talal Abu-Ghazaleh Organization

The Talal Abu-Ghazaleh Global (TAG.Global) is the largest global group of professional service firms in the fields of Accounting , External Audit, Internal Audit, Corporate Governance, Taxation, Educational Consultancy, Economic and Strategic Studies, Management Advisory Services, Professional and Technical Training, Technology Transfer Project Management, Real Estate Management, Investors and Business Advisory Services, Human Resources and Recruitment Services, E-Government, E-Commerce, E-Education, IT and Security Audit, Web Design, Professional Interpretation and Translation, Website Arabization, Domain Names Registration, ICT Strategic Planning, ERP Consulting Services, IT and Internet Skills Training and Examinations, Intellectual Property News Agency, IP Business and Asset Valuation and Branding Services, IP Registration and Protection, Intellectual Property Renewals, IPR Protection and Management, Legal Services, and Public Offering.

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