Global Warming : An Essential Component For Income

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.

First of all, the main effect of global warming is the fact that it causes warmer temperatures. While warmer temperatures may seem beneficial and good, the ways the atmosphere is becoming warmer isn’t that great. According to the article, Global warming, it states, “Natural processes on Earth constantly create and destroy greenhouse gases.” “Human activities, such as the burning of fossil fuels, add an extra seven billion metric tons per year” (“Global Warming”). To explain, what this shows is that nature is already creating greenhouse gasses and people are adding even more to the atmosphere. While people strive on greenhouse gasses for warmth, the amount of greenhouse gasses forming will cause numerous environmental hazards in the future.

As Earth’s surface temperature rises, the ocean also becomes hotter which results in an increase in sea level and decrease in Earth’s ice. “The oceans have absorbed much of this increased heat, with the top 700 meters of ocean showing warming of 0.302 degrees Fahrenheit since 1969” (“Climate Change: How Do We Know?”). Since greenhouse gases are trapping energy from the sun, the oceans absorb more heat which ultimately increases surface temperature. Oceans are able to absorb large amounts of heat energy because water has a greater heat capacity than air. As oceans become warmer, the frozen water on Earth melts at an accelerated pace. The thickness of Arctic Sea ice has dramatically declined throughout the last several decades. “Arctic sea ice

Another effect of global warming is evaporating seawater. The temperature rise is forecasted to rise approximately 2.5 to 10 degrees in the next century (Jackson, #5). Since this heat is also warming the surface water of the ocean to above average temperatures, the water is slowly evaporating. Though this may sound like a good thing because sea levels are rising way too high, this is the leading factor of extreme power of hurricanes. As seawater evaporates, the water vapors that are now trapped in the air promote the longevity and size of

The loss of sea ice, due to melting, affects climate patterns and amplifies global warming.

floods, and droughts. All of these relate to climate change and how the world’s atmosphere is heating up. Some floods happen when sea levels rise. When sea levels rise it’s usually caused by the melting ice caps. The reason ice caps melt is because of the heating up of the atmosphere.The main reason the atmosphere heats up is because of the greenhouse effect is caused by the use of coal, oil, and other unusable energies. When these energies are used, they emit greenhouse gases which heat up the atmosphere thus melting the icecaps. In turn, multiple cities near the coast would “disappear” getting submerged in water.

Climate change can lead us to the next Ice Age or the warmer the earth get by climate change it can cause major droughts. It can also cause a major flood and global warming, think about Florida and other states surrounded by water. It cost millions and millions of dollars to fix these states, now estimate the cost for the whole world. Think about the people is injured or lost their home. Where would they go?

A natural process or event, which becomes a potential threat to human life and property, is known as a natural hazard (Keller and DeVecchio 2012). Sea ice covers about 7.3% of Earth’s surface, or about 11.8% of the surface of the World Ocean (Weeks 2010). During the summer it reflects sunlight back into the space and during winter it radiates heat into the space. Sea ice acts as a large lid on the polar oceans controlling the exchange of heat and mass across the ocean-sea ice-atmosphere interface, thus playing a significant role in the Earth’s climate system. The accelerated melting of Arctic sea ice in recent decades may have long-term impact on the Earth’s climate likely to affect the lives and property of billions of humans (Stroeve et

"Sea ice also creates a cap on the ocean. This cap helps keep water from evaporating into the atmosphere." (P.2). The weather takes the hit for this cap and becomes colder and drier in the iced-covered areas. This cap, also prevents the water’s heat from escaping, and being released into the air, thus adding to global warming.

As snow and ice melt, ocean surfaces absorb Sun’s energy, increasing warming. Ice normally would reflect light.

As the Earth keeps warming, the Arctic's summer sea ice is vanishing at a stunning pace. This rapid melt is expected to have significant environmental and health consequences for the entire world, including sea level rise, affecting agriculture, endangering water and food security, erosion of coastal habitats, increasing intensity of natural disasters, and species extinction. Countries have since responded to climate change by adapting to its impacts and acceding to various international treaties such as the Kyoto Protocol to mitigate green house gas emissions, thereby reducing the rate and magnitude of change.

Last but not least, global warming has caused the polar ice caps to melt. The melting of the polar ice caps will cause the sea levels to rise all over the world. If the sea levels rise just a metre

The second main “driver” of global temperature change is reflectivity. Changes in reflectivity affect how much energy enter Earth’s system. When the sunlight reaches Earth, it can be reflected or absorbed, and that depends on the Earth’s surface and atmosphere; light colors reflect the most sunlight, while dark colors absorb more sunlight. Albedo, the amount of solar radiation reflected from an object or surface, indicates the amount of sunlight reflected as a percentage. Earth has an albedo of about 30%, which means that 70% of the sunlight is absorbed (NRC, 2010). This is important because the sunlight absorbed warms the land, water and atmosphere. In the past, this can be seen in the melting of sea ice or increases in cloud cover.

The effects of global warming touch every human, animal, plant, ocean, landmass, and atmosphere level on this planet. The numerous effects of global warming are mixes of "good" and "bad" results, depending on how your definition of "good" results and "bad" results are. A "good" effect, a person could say, would be for regions with normally cold temperatures to receive warmer temperatures for their normal. Yet, there are more "bad" effects that seem to out weight the "good" effects. Some of the effects would include increases of flooding, severe storm systems, and rising sea-levels. One major consequence would be an increase of temperature globally. This would

First of all, it is projected that the impacts of global warming are already affecting Arctic sea ice loss, and that the glaciers, and Polar ice caps are disappearing. Global warming is affecting the accelerated melting of ice sheets, glaciers and permafrost which is causing average sea levels to rise. As a reaction to different weather patterns in separate locations, some places are becoming dryer, some with intense periods of drought, and some places wetter. The consequence this brings is stronger storms and