Global Warming Impacts and Mitigation

Economics

Contents
Introduction..........................................................................................................................................3
Main Body............................................................................................................................................3
Conclusion............................................................................................................................................8
References..........................................................................................................................................10
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INTRODUCTION
Global warming is the big issue that occurs due to changes in temperature. Many of the
scientists are working on the issue of climate change and they observed that temperature is
increasing day by day that causes harm to the earth (Chung and et.al., 2014). It is gradually
heating the surface of earth, ocean. It is fact that average temperature of earth has been raised 1.4
degree Fahrenheit since last few years. Global warming is harmful for entire globe; previous
records show that extreme heat waves are the reason of thousands of death. Present report will
discuss the impact of climate change if trend towards global warming continues. Several public
policies will be described in order to manage this issue. These market based policies will be
critically evaluated in this study in order to identify their effectiveness (Pittelkow. and et.al.,
2013).
MAIN BODY
Global warming
Over the past few years the temperature of global has been increased at fastest rate in the
recorded history. As per the report of intergovernmental Panel on Climate Change; Human are
the main reason or dominant cause of warming (Brown and et.al., 2016). One of the main causes
of increasing warming is too much Carbon Dioxide in the atmosphere. Scientists has recorded
the level of CO2 which has been reached from 280 parts per Million to 400 PPM today. Burning
Fossil Fuels, Deforestation etc are many reasons of increasing amount of the Carbon Dioxide in
the surroundings. In addition to this green house gasses are another reason of increasing warming
(Zhang and et.al, 2016). These gasses absorb sunlight and solar radiation that harm the surface of
the earth badly. Methane emissions from the animal and agriculture are another cause of global
warming. Furthermore, uses of chemical fertilizers increases nitrogen that affect the groundwater
and due to this wealth of human being get negatively affected.
Global warming is the dangerous signal for the earth because due to this level of sea gets
increased that will spoil thousands of houses and agricultural lands. Apart from this more Killer
storms are the signal of high heat (Feidt, Kheiri and Pelloux-Prayer, S., 2014). It is statistical fact
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that global warming increases intensity of extreme storms across the world. Pollution is another
reason that impact negatively on the earth. Due to air and water pollution health of the person is
getting affected and that increases many diseases among them. Coal burning power plan is the
main polluter, apart from this transportation is another cause of this issue due to this level of
Carbon dioxide is increasing rapidly, that is the main reason which generates 1.7 billion tons of
CO2 emission in a single year (Zhou and et.al., 2014).
There are many consequences which have to be faced due to such global warming such
as melting glaciers, rising sea level, infectious disease among human being etc. Government is
putting its hard efforts to make effective control over the global warming but the situation is very
bad so policies, principals needed time for making improvement in such type of extreme
condition (Gerten and et.al., 2013). Increasing temperatures is changing the situation of climate
badly, due to this water cycle has been changed and rainfall patterns have been affected. That is
creating the condition of water shortage in globe. Intense amount of distress is taking place due
to water shortage because it is affecting more than 2.5 million people those who live in the dry
regions or called deserts. This process of desertification impact on the economic condition as
well, that harm the agricultural business and many farmers have to bear critical financial
problems (Rose. and et.al., 2017).
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Illustration 1: Annual Greenhouse gas Emissions by sectors
Source: (Causes of Global Warming: the Human impact, 2017)