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You will pay The Economics cost of Global Climate Change
What are the potential costs of cutting greenhouse gas emissions? Can these emissions be reduced without sacrificing economic growth or our standard of living? These are questions frequently raised by industrialized countries such as the United States in respond to the challenges of global climate change. In recent years there has been a great deal of scientific analysis of the factors which could be causing global climate change and the possible consequence of any change that may be taking place. Scientists believe that human activities are contributing to global climate change by adding large amounts of heat trapping gases to the atmosphere. Scientist also contributes our use of fossil fuel as the main source of these gases. “Every time we drive a car, use electricity from coal fired power plants, or heat our homes with oil or natural gas, we release carbon dioxide and other heat trapping gases into the air. These gases are trapped in the atmosphere by the greenhouse gases, causing our world to heat up”. Any effort to significantly limit greenhouse gas emissions will require changes in human behavior, economic activity and investments in new technology. The effect of directly tackling climate change could impose the costs on society. However, if left unaddressed, climate change could have a devastating effect on the world economy.
According to Sir David King (the British Government Chief Scientific Adviser), “climate change is the most severe problem that we are facing today, more serious even than the threat of terrorism”. Much of the debate about global climate change focused on the causes and the urgency of finding solutions, ...