NASA scientists of the 1960s discovered the growing cloud of Carbon dioxide and methane that surrounds Venus is the reason for its temperature of 600 degree Celsius. With this observation came a realization, that if the omission of carbon dioxide and greenhouse gases into the Earths atmosphere increased, it could be comparable to the temperature of Venus. This realization had sadly been known for centuries and is still known but no one continues to create a solution to this growing problem. We on earth face a challenge, and we need to find the solution. This solution can be reached through economics and science combining forces to ensure that future generations are able to survive and thrive. By understanding the nature of the global warming and creating effective economic policies we are able to become a step closer to making all the difference.
The Global Warming Problem
Global warming refers to the dramatic rise in the earth’s temperature due to the excess emission greenhouse gases such as carbon dioxide, water vapor and methane. This phenomenon of global warming has major implications for humanity and nature. With rising sea levels, hotter and drier weather and increases in uncertainty humanity is at risk and the natural environment. These turbulent conditions lead to rapid changes in economic activity in terms of out produce, the way in which all living things can exists. It is through the introduction of policies by governments and other bodies that these effects can be reduced and hopefully overcome.
Range of policies in addressing the issue and how each option works:
To tackle the problem of global warming, governments have access to a range of policy option. The objective of these policies is to reduce the emissions of carbon dioxide into the atmosphere by providing incentive and ways to effectively delegate the cost of producing to
