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Global Warming and it's Implications - Book Report/Review Example

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Global warming & its implications The article, ‘global warming & its implications’, discusses the reasons & remedies of the contemporary situation of ecological crisis. It has generously incorporated theories, facts, & figures from Garnaut 2011 and Brander 2010…
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Global Warming and its Implications
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Global Warming and it's Implications

Download file to see previous pages... The green house gas emissions have been held responsible for the primary reason of global ecological misbalance in the article. The article mentions that, scientists have predicted a 2 degree growth in the temperature to be maintainable, which would entail countries to sustain their emissions between 450 and 550 ppm. The article advocates about the fact that scientists & scholars have come to the consensus that there is an immediate requirement of corrective policy. The framers of the article have rightly denoted that economic blunders have resulted in the ultimate annihilation of the global ecological order. The article speaks on the contentious issue of carbon dioxide emissions by the wealthier nations by denoting that raising the cost of carbon alone will not be sufficient and mentions that it has to be accompanied by fiscal incentives to bridge this gap amid benefits to the whole society and the individual financier in innovation. The article propagates that this is especially significant when there is rising value in low emission technology. Unfortunately the article fails to provide a transparent view of the political reasons of the ecological misbalance. The political policies of the imperialist western powers have undoubtedly resulted in catastrophic massacres throughout the globe. The issue of economic liberalization, where MNCs rule man, military, & Mother Nature for their own beneficial purpose has remained unmentioned. The political aspects of global warming seem to be ignored throughout the article. It must be understood that it’s basically the political goals of nations & enterprises which are implemented through the ‘economical way’, thus creating adverse effects. The assimilators of the discourse righty press on the issue of lack of education & proper education as a reason for global warming. It has rightly evaluated that market failures are evidently causing lack of innovation and thus contributing to GHG emissions. The article cites UNEP 2010, Garnaut 2011 and Brander 2010 to prove that enhancing the communication and knowledge of the science behind climate change is indeed a step towards correcting the negative externality. The article speaks of providing credible information to masses from all walks of life so that their general awareness helps in combating the perils of global destruction. The concise yet enumerative character of the discourse makes it an informative article from where readers would be able to decipher fundamental information on to contain global warming. 2) The economics of global warming This concluding article demarcates & highlights the importance of economic policies in shaping up the environmental future of our planet. The article hinges on deciphering the global economic policies that directly or indirectly alter the composition of the planetary ambience. The article positively ‘warns’ the policy makers to remain aware of the fact that inappropriate policies may pose severe economic dangers, as the ill effects of such policies are widely felt throughout the global axis during the ages of globalization. The article provides an interesting purview on the notion of ‘market & non market damages’. Where market damages occur due to the changes in price & quantity of the goods, non market damages happen due to the reason of direct ‘utility loss’. The editors of the article have correctly lambasted both these processes & have shown them in good faith to become ‘ ...Download file to see next pagesRead More
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