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How to Make Equilibrium between Economy and Climate Change

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The increased climate changes have made it difficult to promote sustainability. Most debates over climate changes assume that economic activities include production and consumption of the products affecting the economies. The stabilization of the climate requires some containment or the reversal of economic performance.

Elaboration

Over the years, the trends of climate changes have led to adverse environmental and sustainability concerns. This leads to the development of adverse climate change programs in matching with the economic activities. The balance can be obtained through managing climate changes or reducing the overall economic output.  Countries should be committed to find solutions on the two main variables on environmental sustainability. Therefore, the level of climate changes impacts on the environmental and sustainability improvements in the economies.

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Audience’s Secondary Concern

Economic growth and performance are important while improving the human welfare and the environmental development in the society. Thus, policies that adversely affect economic performance are undesirable. This underlying conflict is important in developing policies that tackle the ideological disagreements between the climate changes and economy.

On the other hand, there is a difficult tradeoff between the goals of environmental sustainability and economic growth. Fankhauser argues that the movement from the high carbon to a lower carbon energy economy would lead to positive economic costs. Since, “such costs would be minimal to affect the entire economic growth”(Fankhauser, 112). However, maintaining economic growth would require the alleviation of the climatic change risks that affects the production and the consumption patterns.

 Elaboration

The climate changes and economic activities could be balanced through global actions. The action plans to understand the costs and benefits of the tradeoff between the climate changes and the economic activities. Most importantly, the nature of production activities is responsible for most significant risks that could change the economic patterns in the economies. It suggests the importance of implementing appropriate policies to ensure that economic output does not overwhelm the environmental sustainability goals. For instance, “the increased adoption of low carbon energy economies is necessary in controlling the economic costs” (Moss et al. 750). Therefore, it is better to undertake strong campaigns towards balancing the nature of climate changes and economic growth.

Compromise Proposal on Primary Concern

It is crucial to control the level of economic activities in the current economies to enhance environmental sustainability. The economic activities are responsible for destructive effects on the nature and trends of climate changes. Most adverse climate changes, such as increased greenhouse gas emissions, are attributed towards the economic activities.  In order to create a balance, it is necessary to monitor the level of economic production and consumption patterns.

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Compromise on the Secondary Concern

The perception that stabilizing climate would require the reduction in the levels of economic activities is one of the most increasing concerns in the current society. For instance, it reveals that greenhouse gas emissions would increase the level of economic activities due to the income and consumption rates that lead to increased demand for carbon intensive products.

Beniston suggests, “Free market energy strategies should be put up in place to enhance sustainable energy systems.”(p. 292). This is obtained from the claims that the production of goods needs energy, in which the energy could threaten the lower levels of economic output. For example, the Kyoto Protocol was implemented in 2010 to reduce the level of U.S economic output by around 5 per cent. However, the protocol would cost the U.S economy approximately  $350 billion and the losses of jobs. In spite of all, it is important strategy towards balancing economy and the climate change effects across the world.

In addition, the stabilization of the atmospheric carbon dioxide levels could also help in reducing future possibility of increased global temperatures. The reduction in the carbon dioxide level is consistent with the goal of lowering the level of U.S greenhouse gas emissions by close to 85 per cent by 2050. It also matches with Daly’s argument for the reduction of the material throughput to certain levels that enhance environmental sustainability. The climate change policies do not have any effects or have little effect on the nature of economic growth and performance. The little effect makes it difficult to differentiate between the annual variability in the growth of technology, human actions and other economic aspects. The relationship between the use of energy and economic output is flexible. The production of goods and services requires certain physical transformations that require inputs of energy

(Bowen, Lee and William 238). This implies that the current economy is far from experiencing large reduction in the level of carbon dioxide emissions. However, they can be achieved from the adjustments in technology, nature of the economy, and the mix of the products consumed in the economies.

Most importantly, the movement to low carbon economy would lead to the changes in the ways of living that definitely affects the level of gross domestic product. The failure to balance the climate changes would lead to long-term economic damages that match with 20 per cent reduction in economy consumption and income.  It implies to be a moral obligation for economists and government to reduce the economic output by close to 2 per cent in order to strike the balance between climate change and economic activities. Therefore, it is clear that the balance between climate change and economy can be achieved through the reduction of the short-term economic activities and productions.

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Conclusion

The balance between climate changes and economic activities has been a major concern to deal with in the current society. Every economy should be committed towards finding solutions on the two main variables on environmental sustainability. It is recommendable to reduce the economic production levels in the economies. This proposition would reduce the overall climate change effects by a significant percentage. For instance, the low carbon economies might help in reducing the adverse climatic issues; the failure to reduce the economic output usually leads to a huge adverse effect on the economic activities and production levels. Most importantly, global action plans are useful in mapping the climate change trends with the corresponding economic outcomes and activities.  This makes it possible to control the nature of economic growth and performance in the economies.  The implementation of appropriate policies also ensures that economic output does not overwhelm the environmental sustainability goals.