Global Warming: Its effects on the Economy
by
Vincent Colletti
Professor Shakely
English Composition II
July 1, 2008
Outline
THESIS: From the findings of experts on Global Warming and Climatology, it can be concluded that Global Warming has a direct effect on our current global economy and the instability of the future.
Introduction
I. Background A. The study of Environmental Economics B. Economic issues and relations to past and future global warming estimates II. The effects on GDP A. Increase of natural disasters B. Impact on agriculture C. Rise in health care cost 1. Heat waves 2. Spread of disease D. Further subjugation those who have a lower standard of
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This should serve as Americas warning considering one of the most costly hurricanes,
Hurricane Katrina, hit our shores in 2005. As Al Gore, former Vice President and long time Environmentalist, points out in his book An Inconvenient Truth, “Hurricane Katrina caused approximately $60 billion in insured losses” (Gore 102). A further impact on the world economy would concentrate in the UK who will be heavily affected by the melting of glaciers, whose “annual flood losses alone could increase from 0.1% of GDP today to 0.2-0.4% of GDP once the increase in global average temperatures reaches 3 or 4 degrees Celsius” (Stern viii). Along with the devastation that will follow the increase in natural disasters, global warming will soon prove to be a burden on our agricultural market as well. According to the Environmental Protection Agency (EPA), the “changing climate could cause soils to become drier and drier, and crop failures could become more widespread.” What burdens will this place on the global economy? It will affect the poorest countries first, mostly due to the fact that the majority of these “poor” countries have a high dependency on agriculture as a means of living and trade. Another affect on our agriculture will be the disruption in our food supply according to author and Boston Globe editor Ross Gelbspan, “global warming could result in insect
You may have heard people talking about how the weather is very different today than it was ten years ago. You may have noticed changes in the weather yourself. The earth's climate has changed many times over millions of years. And you may have heard about Global Warming. You may ask what Global Warming is. I remember the first time I ever saw and heard about Global Warming when I was just a little girl. I was watching the TV and a commercial came on, it was a cartoon with two kids and an adult. They were in the park enjoying the day. The adult started talking about Global Warming, the kids didn’t know what he was talking about, so he fast forward the time and showed them what the earth is going to look like when they are
Adams, R. M., B. Hurd, S. Lenhart, and N. Leary, 1998: Effects of global climate change on agriculture: An interpretative review. Climate Research, 11, 19-30. Web. 19 July 2015. The authors explain how climate is utterly important to the agriculture field. However, climate has been changing these past years, and it has obligated farmers to make drastic adjustments. Numerous amount of economic approaches and key biological issues involved with the consequences of climate change are elaborated throughout this article.
Thesis Statement (Central Idea): Today I would like to share my thoughts on one of the most heated topic of 21st century which is global warming, alongside its cause and its mitigation alternatives.
Global warming, or climate change, is a widespread issue which many people aim to combat due to the destruction it causes to the environment and how it may threaten humankind's existence if continued unchecked. Some oppose global warming purely because of the harm it does, whereas others have religious reasons, such as Christians believing mankind was placed on earth as a steward, to care for the environment, and should thus oppose global warming as it threatens the environment and thus violates the trust that their God placed in them.
Think about the farmers and the people working in food production, half of them will be out of a job because of how the climate change is destroying their crops. With droughts and excessive rain, crops won’t be able to grow efficiently, so the resource will be scarce. That also means that supply will go down and the prices would rise excessively. Another example is recreational jobs at snowboard resorts, seasonal Pumpkin Hayrides, and even restaurants owners. Every except for snowboard resort are indirectly effect by the climate change and positive growth for the resource they need to have a successful business. The snowboard Resort is directly effect because with weather conditions changing constantly they would lose money “The many millions of people working in the agriculture sector will have to face change in the way crops are produced or even look for new pastures elsewhere”(Gurn). A job is dependent on people to perform the task. If there are more people applying for a jobs and less opening, then there will be unemployment. But how does Global Warming effect unemployment? Climate change effects more than just the environment, it is one of the reasons of job loss.
*Today, we as human beings are witnessing problematic issues throughout the world that are effecting mankind. Everything from racism, to world poverty, and even radicalize terrorism just to name a few. But outside of the scientific world, many of us fail to understand the long-term effects that global warming and climate change could have on us throughout the world. After observing the 2015 Paris Climate Conference, I truly did not take into account personally, how important this whole concept is. But after taking this class and researching further and further into the topic, I now understand the severity of it all. There are various reasons that exists that are pertinent towards why this topic is highly important to all of humanity. Two of these evidences lie in the severity of hurricanes, and the potential increase droughts and heat waves.
Thesis: Pollution, burning fossil fuels, releasing greenhouse gases into the environment, and temperature increase are all huge contributors towards global warming that we escalate, which leads on to greater problems that affect the environment and us, and if prevention does not occur, the results could be cataclysmic.
Massive crop failures can already be felt around the world. According to recent research, there is a 90% chance that if we continue the path we are on, 3 billion people around the world will be forced to move to milder climates in order to survive. This is predicted to happen within the next 100 years. Another problem we face, is widespread extinction of species. " According to research published by nature, 2001, by 2050, rising temperatures could lead to the extinction of more than 1 million species, And because we can’t exist without a diverse population of species on Earth, this is scary news for humans.
Everybody in the world notices it. The weather is different than it was, even 10 years ago. The Earth’s climate is warming up, and it’s causing crazy weather changes and natural disasters, such as the floods that happened here in Alberta in 2013. All people, industries, and the government are affected by it. This has spurred a heated argument over whether the government should interfere or not. The government has intervened with the new Alberta carbon tax, and some people disagree with this, while others think it’s a good idea.
There are various consequences that may arise if significant global warming begins to take effect. Some scientists believe that over the next 50 years, global temperatures could rise by as much as 1.5-4.5 degrees Celsius worldwide (Climate Change, 1997). Many speculate that this increase in temperatures could produce profound, if not devastating effects to our environment and ourselves. Already, many scientists are attributing some of the severe weather around the world such as hurricanes, floods, and droughts to global warming (Bernard, 1993). The high-latitude regions are likely to have the largest temperature change, while regions such as the North American Great Plains are predicted to feel a large decrease in precipitation (Climate Change, 1997). In regions with a lowered precipitation rate, agriculture would suffer, potentially causing severe economic and food shortage problems. Numerous species of plants and animals could also suffer, causing permanent damage to ecosystems and biodiversity. It is also thought that because of
The four papers that I am looking at all have climate change in common and it is the recurring theme throughout the papers, they all look at different areas of both the U.K. and also into the Northern parts of the world. The main areas of study are; the west of Scotland, Northern Ireland, Britain as a whole and finally Greenland. These papers all look at different ways and use different methods so that they are able to understand and learn from the climate that had occurred in the past, the methods that were used varied from pollen samples to radiocarbon dating. A theme which occurs in Dark’s, Dugmore’s and Wick’s papers is the argument of climate change having an impact on the abandonment of settlements because of the idea that it no
Although some believe that Global Warming has been created due to manmade pollutants, I believe that Global Warming is a natural process that has been accelerated due to the excess emissions of pollutants from nature and manmade devices into the atmosphere. The world has been said to be on a cycle of global warming and cooling, this process can neither be stopped nor prevented, but it can be accelerated with the addition of non-natural emissions from automobiles and factories; because this is a natural process, even if constraints were to be put on the amount of pollutants released into the air global warming could not be prevented—it could only be slowed. When the inevitable happens and global warming occurs, there are many
Carbon dioxide is the greenhouse most commonly emitted by human activities. While it is the least potent greenhouse gas in terms of global warming potential, CO2 is considered to be the greenhouse gas of greatest concern due to its long half-life and abundance in the atmosphere (Kahn, 2016). The current level in the atmosphere is 406ppm, the highest it has been in recorded human history (Overview of Greenhouse Gases, 2017). In an effort to mitigate the effects of global warming from a more economic perspective, market-based instruments are an appealing response to address the market failure of the negative externality of pollution. Levying a carbon tax is a promising method for limiting emissions; however, there exists challenges and its
Global Warming has been devastating the earth and economy for the last twenty-five years. Greenhouse gasses developed from the production of chemicals such as R-22, oil, and factories have destroyed ozone and ecosystems for the last hundred years. Carbon dioxide is produced naturally and absorbed by plants and animals, but, too much, and it is deadly. With the increase in automobiles and production, the world government has begun to address the issue of greenhouse gasses with limits and requirements for larger nations, creating higher impacts of production and driving. Global warming has become a major concern for the economy because the increased temperatures have caused degradation of permafrost, ocean levels and temperatures to rise, and plants to grow at an uncontrolled rate.
Global warming is commonly believed as a downfall to our planet and life as many individuals know it on earth. Bill McKibben, author of “The Environmental Issue from Hell”, states, “ When global warming first emerged as a potential crisis in the late 1980’s, one academic analyst called it ‘the public problem from hell’”(Mckibben 746). However, this only seems a way to scare individuals and comply with the desires from government officials mainly in the United States but also in other countries. Global warming is the theory that the Earth is constantly heating up above normal levels due to elevated amounts of CO2 (Carbon Dioxide) in the atmosphere, which deteriorates the ozone and corrupts the greenhouse effect which maintains normal conditions of life (Courtney). Worldwide, global warming is happening, and most of the reason this is happening is because of manmade activities that cause pollution to our environment. Most often, the finger is being pointed at governments and industries, but there is sometimes where the finger needs to be pointed at the individual consumers.