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Climate Change Assignment Solved

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Added on  2020-03-28

Climate Change Assignment Solved

   Added on 2020-03-28

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Question 1Running out of fossil fuels does not matter in the context of the climate change as the currentreserves are capable of producing far more carbon dioxide than which is permissible in orderto keep the temperature increase with the 2 degree temperature increase limit on whichpolitical consensus exists currently. It is estimated that the current reserves of fossil fuels arecapable of producing 2,795 gigatons of carbon dioxide which is approximate five times thesafe limit of 565 gigatons which is considered safe. Also, the actual estimates of reserveswould be much higher and therefore the existing reserves of these fossil fuels are more thanenough for catastrophic damage. Hence, the core issue is not what would happen once thesefossil fuels get exhausted but rather what would happen as these get exhausted and contributeto climate change menace (McKibben, 2012).Question 2Due to lack of political will and the economic interests of oil producing companies, it isimperative that energy pricing needs to be improved. This can be done by ensuring that thereis a carbon tax which highlights the price of carbon to the environment. It should besufficiently high so as to adversely impact the profitability margins of fossil fuel producersto such an extent that there existing reserves are left worthless. Also, since the end prices offossil fuels would be higher hence the consumers would also use these fossil fuels in a moreeconomic and efficient manner which would lower down the consumption and hence thecarbon dioxide emissions (McKibben, 2012).
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