Economies of Climate Change and Air Pollution - Assignment Example

The study documents that in 2005 alone the country helped contribute with the other six countries 60% of the pollution. The trend is worrying, and policies need to change to curb the alarming figures. The government should introduce tax incentives for companies that adopt green energy (Dornbusch 62). There should steeper penalties for countries that pollute the environment like oil and gas exploration companies. The Government can open up its market for products produced organically and using green energy.

The strategy will encourage companies to shift to green energy to access the market. The strategies will influence the economies differently. Green energy creates jobs encouraging the employment of more people (McNamee 108). The trade incentive will encourage more good to be produced to meet the large market demand. Educating the public is crucial. Once people are educated on the importance of green energy, there will be inventions that are beneficial to the economy (Petersons 120). Once green energy is fully adopted effects of global warming will reduce and the money used to tackle disasters channeled elsewhere.

In conclusion, global warming is a threat to the existence of a friendly ecosystem. Tackling or pollution and climate change will greatly reduce global warming.