What do you think are the prospects for reducing global climate-changing emissions? Be sure to...

Question

What do you think are the prospects for reducing global climate-changing emissions? Be sure to address these points:

To what extent can this be done without harming global economic welfare?
What are the implications for demand-side economics of reducing climate-changing emissions?
Why are some countries reluctant to adopt
carbon emissions targets?

500 words, in text and at the end Harvard style referencing.

David · Accepted Answer

Solution 
#1. To what extent can this be done without harming global economic welfare? 
Climate change is a complex global issue and is recognized as the major obstacle to sustainable 
economic development. This is a global challenge and must be addressed at the international 
level. Climate change is such a global problem that can only be successfully handled with the 
cooperation of every nation through the use of international laws and regimes.  
Actually the true economic cost of unconstrained climate change is an issue of debate for long. 
The sources of Green House gas emission are diffuse and the causes and consequences are 
diverse. The less developed countries, who contribute least to climate change, are more 
vulnerable to the effects of climate change. 
The potential solution for such a critical problem can be offered by international institutions and 
regimes. They can only provide the unbiased source of information, promote the cooperation 
among the states, reduce the uncertainty level, identify the free riders and reduce the likelihood 
of cooperation failure. But the design of international regime is very important as climate change 
involves significant ethical implications. For example Kyoto protocol is identified as a flawed 
design by majority of the economists. Emissions reduction goals cannot be accomplished by 
policies that contract economic activity (Roger A. Pielke Jr. 2010). 
The design of the international regime to address the climate change at the global level is crucial 
both in terms of how it promotes the cooperation among the participating nations as well as its 
overall impact on the global welfare level. While designing the climate change policies and 
regimes,

What do you think are the prospects for reducing global climate-changing emissions? Be sure to address these points: To what extent can this be done without harming global economic welfare? What are...

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