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BUSM3886 Business And Government In The Global Context

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Business And Government In The Global Context (BUSM3886)

   

Added on  2020-02-24

BUSM3886 Business And Government In The Global Context

   

Business And Government In The Global Context (BUSM3886)

   Added on 2020-02-24

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Running Head: Global Warming and its impactGlobal WarmingGovernment and business
BUSM3886 Business And Government In The Global Context_1
Global Warming and its impact1ContentsIntroduction:....................................................................................................................................2Impact of Global Warming:.............................................................................................................2Role of countries in Global warming:.............................................................................................2Role of Government in Global Warming – Pros and Cons:............................................................2Carbon Tax...................................................................................................................................2Pros...........................................................................................................................................2Cons..........................................................................................................................................2Cap and Trade..............................................................................................................................2Pros:..........................................................................................................................................2Cons..........................................................................................................................................3Fossil Fuel Divestment:...............................................................................................................3Pros...........................................................................................................................................3Cons..........................................................................................................................................3Conclusion:......................................................................................................................................3References:......................................................................................................................................4
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Global Warming and its impact2Introduction:Global warming refers to a consistent increase in the average temperature of the earth. This has been a grave concern impacting us since many years and a lot of efforts are being put in to reduce its effect. The increasing amount of greenhouse gasses, leaked into the atmosphere because of our doings are the very cause of this phenomenon. Burning of fossil fuels to generate electricity, power plants that burn coal, rising transportation sector and its emissions and the gigantic amount of waste led out by unfathomable number of factories across the globe are majorreasons behind the extremities that we face today (NRDC, 2016).Impact of Global Warming:Rising temperatures, stronger storms and hurricanes, melting glaciers, more frequent draughts, Tsunamis, heavier rainfall and much hotter heat waves are few effects of global warming. This makes it imperative for us to take strict and immediate action to tackle the same. There are many businesses that cause severe pollution and excessive waste. Although these businesses are essential for the growth and development of the civilization, in this essay, we aim to discuss the fairness of the trade off and to what extent should government intervene in order to control to correct this environmental impact.Role of countries in Global warming:China and USA are top rank holders in the field of CO2 emissions. Despite being a home to just 4% of the world population, they produce a mindboggling 16% of global CO2 emissions. They are only shortly followed by the European Union and India that make up the third and fourth place with disastrous contributions to the world air pollutants. Drastic measures are not just required but needed at this hour. Government must step in and ensure the reduction in carbon footprints from their own countries.
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