Name of the University: Answer 1 2 Answer 2 2 Answer 4 8 Answer 5 11 Answer 1 Pollution and Rising Globalization

Running head: CARBON EMISSION & ENVIRONMENTAL IMPACT
CARBON EMISSION & ENVIRONMENTAL IMPACT
Name of Student:
Name of University:
Author Note:

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CARBON EMISSION & ENVIRONMENTAL IMPACT
TABLE OF CONTENT
Answer 1....................................................................................................................................2
Answer 2....................................................................................................................................2
Answer 3....................................................................................................................................6
Answer 4....................................................................................................................................8
Answer 5..................................................................................................................................11

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CARBON EMISSION & ENVIRONMENTAL IMPACT
Answer 1
Pollution and rising globalization has been an increasing issue in the recent years due
to great threat from industrial growth and growth of infrared radiation. According to Sir
Nicholas Stern, it is said that reduction of CO2 gas in the atmosphere is very essential to save
the life on earth. According to him, it important to incur cost in present to save the economy
from future costs. However, critics of Stern stated that the reduction of this gas is uncertain
and thus serious action should not be taken on this ground (Stern 2013). However, stern has
proved its point in this article that pollution has increased immensely and is assumed to
increase in future as well. Thus, even with this uncertainty it is required that certain steps
should be taken to control its effects. Stern has projected future benefits and annual cost of
reducing combustion from harmful gases. However, his findings have met with various
challenges and disagreements.
Answer 2
The social cost of unrestricted carbon emission is huge as it affects the entire
environment. The bad environment has negative spill over effect that creates disutility for all
the people and creatures living within it. Excessive carbon emission causes air pollution and
also water pollution that have critical social impact disturbing the health condition of the
human race as whole (Seinfeld and Pandis 2016). The developed countries of the world are
mostly industrialized pertaining to higher manufacturing based production. Even the
developing countries with higher market for consumers adopt the industry based production
(Stern 2013). Due to environmental codes and norms that has to be maintained as per the
international pact signed by countries, many developed country shifts the location of their
production base in the developing countries that undergo worsened environmental standards
with highest rates of carbon emission. All of these sum up to greater threat for the social

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CARBON EMISSION & ENVIRONMENTAL IMPACTwelfare and sustainability in future. If continued, the process can lead to severe suffering and
health risk creating long term impact on human race.
Based on my understanding from the abstract, it would be very important to control
the level of Co2 at the equilibrium level, or else we face the uncertainty of a lot of climate
changes in the form of
 Rising global temperatures year over year.
 Affecting the growth rate of the economy directly
 Adverse agricultural conditions in countries like Canada, Northern Russia
 Rise in sea level would lead to wipe out of small islands like Maldives, Tonga.
 Bangladesh could lose a lot of land area, Manhattan too.
The cost-benefit analysis to mitigate the above mentioned risks would be as follows
 Reduce the target growth rate of the GNP from 1.3% to 1.2% and the opportunity
growth rate lost could be recovered back over the years and back to the level of 1.3%.
 Co2 is hazardous to public health.
 The cost of mitigation would rise by a substantial amount if no action is taken at this
point
Market failure appears when free market operation can’t generate maximized social
welfare. The emissions of greenhouse gas are result of the side effects of the various
economic activities take place in a nation. The impacts are slowly revealed instead of instant
result and mostly fall heavy on the future generations compared to the agents conducting such
activities (Schuur et al. 2015). The agents littering the environment are not subjected to pay
the cost directly for their action. The cost is paid by the detrimental health impact and
deformity in the next generation of human. According to various analysis made by