Companies And Climate Change Case Study

Industries and Electrical generation are estimated to produce “a little over 50%” of greenhouse emissions, making it the biggest problem (Petterson

The world economy is a very complex system; in the system harmful externalities disrupt capital flows and determine economic productivity. Most notable of these externalities is inadvertent global warming. Spending towards research and regulation of climate change at both the national and international level are very important in determining current and future business trends. Economists and scientists worldwide continuously debate the pros and cons of emissions reduction and what consequences can quickly follow. Though many have different views on the issue, all can agree that the immediate and long term effects of climate change have become an economic matter of paramount importance. The sweeping impact from climate change will have important fiscal, financial, and macroeconomic ramifications that influence global commerce standards.

Fossil fuels have been used in the United States of America for hundreds of years as a source of energy to power machinery and to do a lot of work more efficiently. If they had not been easily monetized, they would not be so important to the United States’ economy as they are now, but does their effectiveness as an energy source outweigh the damaging effects that burning fossil fuels has on the world? Texas alone emits 641 million metric tons of carbon dioxide, which is not only a massive amount, but also doubles the amount produced by California, the second largest carbon producer in the country (Magill, “Texas, California Lead Nation in Carbon Emissions”). Carbon dioxide is the emission of humans breathing as well, so this may not seem so important at first, but the production of it not only by people, but by industrial factories, transportation, and electricity production, which all can use the combustion of fossil fuels, is poisonous to life on Earth and is slowly heating up the planet. The rising levels of heat due to fossil fuel emissions can have devastating effects on the environment and often leads to the kinds of extreme weather situations that were previously mentioned.

Temperatures are reaching a new high, snow and rainfall patterns are shifting, and more extreme climate events, such as drought, flooding, are taking place. It is not a forecast anymore; greenhouse gases are intensifying the global warming. In 2013, 81.2% of the energy consumption in the world are produced by fossil fuel (International Energy Agency). Could you imagine how much greenhouse gases are produced? Ever since 1980s, scientist has found that the emission of the greenhouse gases is the major factor contributes to the global warming, which intensify the climate change that the human civilization may collapse one day. In the book This Changes Everything: Capitalism vs. the Climate, the author Naomi Klein describes that we are headed toward a catastrophic levels of warming. She suggests that the solution to climate change, in short, is to fight for a change in the economic model of capitalism and move towards a low-carbon economy. Making this adjustments will affect every aspects of our life--from how the energy generate, what we consume, and the technologies we use. “Change of this magnitude creates risks but also opportunities. There will be both winners and losers as the world moves towards a low-carbon economy (**).” One of the important aspects which many people care about is the impact of climate change policy on employment. Does the movement improve the employment? Klein suggests that climate change policy has a huge

Irrespective of its cause, the impacts of climate change include more frequent and severe weather, higher death rates, dirtier air, higher wildlife extinction rates, and higher sea levels (IPCC, 2014). Although each of these impact areas are significant and worthy of further discussion, it is the ramifications of sea level rise that brought me to discuss climate action today.

A warming ocean has already killed large chunks of Australia’s Great Barrier Reef. On April 4, 2017, writer Eduardo Porter for The New York Times published an article called, “To Curb Global Warming, Science Fiction May Become Fact,” intended for the reader of the New York Times. The editorial talks about how if we don’t take action as soon as possible, climate change could indeed become a new thing. Scientist all over the world are discovering many areas throughout the planet that are increasing in temperature, and animals’ homes are being destroyed. The writer is able to create a better understanding on the dangers of a warming planet, by saying the earth is increasing in temperature all over the world, not only affecting different animals,

One change that has to be made in industries is to burn less fossil fuels, reducing greenhouse gases. According to James E. Hansen, in the article, “Climate Change is Here - And Worse Than We Thought” he says, “ We can solve the challenge of climate change with a gradually rising fee on carbon

Climate change, specifically in reference to C02 Emissions released by human use of fossil fuels and their consequential effects on the environment, is perhaps one of the most pressing issues we, not just as Americans, but as human beings face in our lifetimes. Though it may sound like a sensationalist statement the facts are hard to deny. In May of 2013, the National Oceanic and Atmospheric Administration

The environment is negatively affected be the burning of fossil fuels. The affects of the gases contribute to global warming, along with acid rain and polluted air. This pollution cuts short an estimated 30,000 American lives according to the Clean Air Task Force (Rich). The United States must stop using fossil fuels because the gases produce harm the environment we live causing harm to come all the citizens. “The future of energy production will

They looked at two scenarios, inaction, where business’ continue finding and using carbon as they see fit, and action, where business’ use a low-carbon energy mix. They found that not only would the investment cost of the action scenario be no more than inaction, but it would even cost a bit less- 190.2 trillion dollars for action and 192 trillion dollars for inaction. This is before even considering the amount of money saved by the effects of the action scenario itself. The report found that, “the difference in climate damage costs between low (1.5°C) warming and high (4.5°C) warming scenarios could be as high as $50 trillion” (Business Insider). The effect of such a large economic company reporting this data is the perfect example of how using economics for the sake of reversing global warming can be really beneficial. The argument often used by economists is that becoming more sustainable would hurt the economy, but the data in this report proves just the opposite, and how terrible it would be if we did nothing. For the sake of investment in industry’s like coal and gas, this information is often denied. But this is not anywhere near the first time industry’s have had to adapt due to uncontrollable events. This report emphasizes the importance of recognizing

When looking at the corporate businesses and the undoing of the human habitat; the United Nations has sanctioned many organizations to track climate change such as the UNEP, the World Meteorological Organization and the IPCC. Since the mid-eighties, these agencies have monitored the changes, yet have failed to convey the significance. Studies done by these agencies have concluded that the last fifty years are attributable to human activities and big corporations which lead to the changing in the compositions of the atmosphere throughout the 21st century (Saltori). These activities that are mentioned are those by means of businesses that grew into national conglomerates. Concurrent with business growth, the greenhouse gas emissions have grown seventy percent from 1970 to 2004 (Lehner). Recent studies have shown that 122 corporations produce eighty percent of greenhouse gases (IPCC). The climate is going to drastically change the world forever, but at whose expense? What exactly does the political eminence of these companies have

These fossil fuels serve to be very beneficial for our use and need for energy. The accessibility of these energy sources are relatively abundant in our environment. These sources of energy, specifically crude oil for example, are found in abundance underground in certain areas. For example, while there is not huge oil sources underground everywhere, there are large rigs in certain areas of the world that supply an astronomical amount of crude oil for our use. Places such as Saudi Arabia and Canada have been the 2 largest providers of non-renewable oil for the US. Similarly, there are many places in the US that non-renewable resources like oil and coal have been tapped into. These oil rigs and coal mines are being used at a rate that some worry is not sustainable, or responsible. The oil rigs, in particular, produce a real economic boom as well as the benefit to fulfill our energy needs. For example, back when gasoline was 4 dollars a gallon, it

Fossil fuels are essential to life on earth as we know it today. Our world would certainly be much different if it weren’t for such seemingly simple things such as coal, oil, and natural gas. These basic elements of life on earth may not seem like a major concern to some people until we put into perspective how they have shaped our world today. Civilizations have been built, economies have risen and crumbled, and even wars have been fought over these precious fossil fuels. However, these fossil fuels serve us in ways we may never truly appreciate, as long as we use them as recklessly as we do now. The major entity about fossil fuels is concerning their longevity and permanence in our world, and we all know, they will be around forever.

Climate change otherwise known as global warming has been an ongoing issue for decades. Beginning in the 19th century, climate change has increasingly affected Earth and its atmosphere. Rising levels of carbon dioxide are warming the Earth’s atmosphere, causing rising sea-levels, melting snow and ice, extreme fires and droughts, and intense rainfall and floods. Climate change has and will continue to affect food production, availability of water, and can add to many health risks in humans and animals. In fact, in an article by Justin Gillis titled, “Scientists Warn of Perilous Climate Shift Within Decades, Not Centuries” he focuses on a paper written by a former NASA climate scientist, James E. Hansen, explaining the effects of climate change on Earth today. Although many believe Hansen’s theories in the paper are quite far-fetched, the author mentions, “Despite any reservations they might have about the new paper, virtually all climate scientists agree with Dr. Hansen’s group that society is not moving fast enough to reduce emissions of greenhouse gases, posing grave risks” (Gillis). Gillis validates the fact that climate change has been rapidly expanding throughout Earth and society has not been able to reduce it fast enough. Many negative risks are being posed and will continue to mount if the issue of climate change is not taken seriously. Although climate change negatively affects nearly all aspects of Earth, it poses a big

The world currently functions through the use of fossil fuels. However, fossil fuels possess two significant disadvantages. Fossil fuels harm the global environment because they enhance the greenhouse effect by releasing carbon dioxide, and they release other harmful