With reference to these economic principles, post a response to the following. Analyze the...

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With reference to these economic principles, post a response to the following. Analyze the much-debated issue of global warming using the economic principles that you have learned. What role can the government play in reducing the emission of greenhouse gases? What role can individuals play? If you were the economic advisor in the government, what economic measures would you suggest to tackle global warming?

Robert · Accepted Answer

I. INTRODUCTION
Global warming is the biggest and the most serious problem in recent times for policymakers and individual persons alike. Its adverse effects have been noticed all over the world. More than 1, 60,000 people die every year due to changing climatic conditions that have been attributed to global warming. While is it difficult to precisely pinpoint an exact meaning of global warming, it is identified in terms of myriad effects/changes in the environment that are being witnessed across the globe. The most evident consequences of global warming are  identified as hotter and drier summers, reduced snowfall, increased flooding, disappearing glaciers, reducing soil moisture, eroding coastal areas, increase in global average temperature, extreme weather events like increase in the range of average temperature, increased tropical cyclonic activity etc.
We can outline many economic activities which result in carbon and methane emissions. Rising population can be seen as one of the most basic cause of emission of green house gases. More people cause greater demand for fuel and land that eats into the space meant for animals.

With reference to these economic principles, post a response to the following. Analyze the much-debated issue of global warming using the economic principles that you have learned. What role can the...

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