Global Warming

and Its Economic ImplicationsClimate modification is an issue which is being given often attention by media and politicians alike in the current displace . Al Gore has been constantly advocating against global thaw . conviction Magazine and other media invite also started to put much attention on the . Even Hollywood has films that depict its likely catastrophic ca hold Global melt was initially cognise for its adverse environmental effects but these environmental effects may progress to economic implications as wellMany countries have develop a reliance on inunct color and the burning of oil br and gasoline produces greenhouse gases that contribute to global warming . Shifting to alternative force sources for vehicles and the production of electricity much(prenominal) as solar , wind , hydroelectric , or how of all time nuclear energy would be beneficial for countries that intrust on fossil fuel but do not have enough of the resource . Particularly record- break-danceing prices of oil gave many countries a lot of problem and resorting to these alternative energy sources would have good economic implications aside from preventing global warming . On the other hand this is rather a bad countersign for oil-producing countriesAccording to Steve Taub , an alternative energy analyst at Cambridge Energy look for Associates , the exorbitant prices of oil be making renewable energy more competitive in the power market . This harming of energy however cannot give breathing space for drivers and companies that depone on the transportation industry because alternative energy sources for vehicles ar not easy to find . Although biofuels have already been demonstrable , it is not yet available on a widely scale .

Also hydrogen-powered cars would still not be spate produced for years (Rising oil prices boostIt is otherwise expected that supplies of natural oil and gas will be depleted after a couple of decades while prices are expected to rise to genuinely steep levels which will make these fuels too expensive for use Prices of these fossil fuel are being affected by war , political instability , and natural disasters , among other factors . The ever growing demand for oil , particularly in countries such(prenominal) as China and India where there is an increasing number of vehicles , versus the check supply will result in a very high oil price (Rising oil prices boost . state of war on control over oil could also break outEnergy sources such as wind and solar energy are very efficient as they produce no greenhouse gases . The only main downside with these energy sources is that the initial episode cost a lot but after the initial installation , electricity is virtually freeOn the other hand , global warming may have extreme economic implications on countries that rely on agriculture . A study indicates that climate change may affect agricultural production on the rump that average temperatures in some countries have already gone(p) beyond temperature levels that the crops can tolerate . Developing countries are the ones that would be hit and estimates indicate that they could lose 10 to 25 portion of their agricultural productivity . India is predicted to have a decline of 30 to 40 percent...If you want to get a full essay, install it on our website: Orderessay

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