Globalization and Financial Crisis

Question: Discuss about theGlobalization and Financial Crisis. Answer: Introduction The subject of environmental conservation has hit various bulletins with both various quarters fronting campaigns in a bid to secure or preserve the biodiversity which is in most cases under constant threat. Environmental conservation is a term that is broadly used to refer to anything that fronts the goals of improving life and sustainability in a broad way. Ultimately, humans are known to front their efforts in ensuring that the planet earth survives naturally, experiencing no adverse effects arising from the human race. Based on the world safety and health, the paper sets out to explore the various environmental policies and regulations that are aimed at ensuring the economic sustainability of these policies in a rather stumbling economy amid various dynamics that have brought shifts culminating into global financial crises. While all and sundry have had their eyes turned on the Federal budget with their expectations, the NSW government came up with a mechanism as to release one of the most controversial pieces of legislation that seek to remove the barriers on land clearance and contrary to their claims, threaten the very existence of biodiversity. Just like any other policies with their misfits, the NSW proposals were very controversial and deemed to bear serious ramifications on the environmental conservation (Solomon et. al, pp.142-149). Notably, however much the new theory derives its agendum from environmental science, economic principles motivate its central concept. The NSW Government, in its endeavor to oversee the transformation of the way the management, protection and enhancement of biodiversity is carried out, has put in place measures and policies that help in building some of the best aspects of programs and policies that addresses and exploits every bit of weakness that exists in the current system. In this regard, the new dispensation is set to implement various recommendations as outlined in the Independent Biodiversity Legislation Review Panel to the Government (Pressey et. al, pp.311-333). To ensure that the reforms are fully implemented, the NSW Government has invested a lot of money to a tune of $340 million in a span of five years for the implementation of the same. One of the many benefits of this campaign is that it is set to deliver the economic, environmental and social benefits. Through this, the government established three key objectives which include facilitation of the ecologically sustainable development, conservation of biodiversity and cutting of the red tape (Lindenmayer et. al, pp.941-950). Most importantly, these moves received a boost as the panel readily welcomed them. It is worth noting that such a move by the NSW government is very timely given the financial and economic crises in the country. For instance, it becomes useful to see that the reforms will see to it that the ongoing management of agricultural land is affected. This will be by way of designing new vegetation regulatory map that will identify the rural areas where there are no such regulations as catered for by the new dispensation (Lindenmayer et. al, pp.941-950). The other benefit is that the range of code based activities among the farmers would enable them to wipe out the native vegetation so as to improve the farm operations and to get rid of the unnecessary barriers so as to improve the productivity of agriculture. Through this, the transformation will ensure that the offsetting of the biodiversity scheme is established for the sole purpose of environmental impact assessment concerning biological diversity (Langtonet. al, 23). This is meant in such a manner as to consolidate the existing practices and methods into some aggregation. By extension, the move will ensure that the landholders and the proponents of the same have the certainty and the assurance of biodiversity impacts (Harriset. al, 11). As per the NSW reports, the biodiversity offsets are some of the measures that are meant to derive the compensation of adverse environmental impacts like paving ways for development. In a nutshell, for effective implementation of these policies, it is important that the NSW enlightens the farmers and make sure that they have the grasp of the nitty-gritty as pertains to the benefit of such moves to their current and prospects. Another policy that aimed to conserve biodiversity was the Native Vegetation Act of 2003. As a matter of fact, the native vegetation is one such important consideration when it comes to the health of the environment. With that regard, it is important that native animals and plants, as well as the protection of water catchment areas and soil protection, are highly upheld (Fischer Lindenmayer, pp.807-832). This policy mainly steers the way in which the native vegetation in New South Wales is managed as well as giving directions on the prevention of the broad scale clearing of vegetation unless such actions help in maintaining or improving the outcomes of the environment. According to the Act, some policies regulate the clearance and management of vegetation except for the classified areas such as national parks plus other conservation sites, state reserves and forests and other urban centers. According to the Act, native vegetation is any classified vegetation species that existed in New South Wales before any pastoral settlements. These include shrubs, saplings, wetland and groundcover plants, trees and scrubs. The introduction of the Native Vegetation Act brought about the shift and change of heart in as far as the previous arrangements were concerned (Antweiler et. al, pp.877-908). For instance, the previous stance held that the clearance of native vegetation was part of petroleum, mining and geothermal activities (Ferrier et. al, pp.2275-2307). To this end, there is the school of thought that holds that the various tenets that push for the same clearance mechanisms be regulated and made to initiate such processes in a manner as to involve measures that comply with the NVC and by extension, lead to significant environmental benefits. The Biological Diversity Convention is known to be the best agreement ever crafted in the conservation of environmental prosperity. It encompasses genetics, speciation, habitat and ecosystem and strives to ensure that the continuity of the vegetation is upheld while the life support systems are conserved. This policy holds that it is essential for the social and economic settings of the goals and objectives concerning the biological life support systems. For this policy to have a safe head start, it is important that achievements are derived from many fronts. References Antweiler, W., Copeland, B.R. and Taylor, S.M., 2001. 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