Global Warming During The Industrial Revolution

The notion ‘Climate Change’ may seem familiar to people more often these days. In the last century. Nearly every aspect of today’s technology was influenced back then by the Industrial Revolution; therefore, it could be regarded as a significant turning point in history. It also inspired the later emergence of the modern capitalist economy and opened up a new era of manufacturing. Economic historian has no doubt that the Industrial Revolution marks considerably one of the most important event in the history of humanity. (Hobsbawm 27) However, it contributes to other side effects such as global warming and climate change. Still, many of the inventions today are improvement of the Industrial Revolution and other invention paved the way for the technological advancements that we can benefit from in today’s world. (McCloskey & Deidre). Despite the fact that climate change has influenced the environment to a great extend in recent decades, it is not too late to save it from its further negative changes.

Majority of carbon dioxide is released from big corporate companies and once this policy is implemented, they’ll start to look for alternative, more green sources of energy. Secondly, initiative from citizens is important as well. When residents start supporting locally grown food, using fuel-efficient vehicles or taking the public transit, it drastically reduces our carbon footprint. Lastly, it’s important to commercialize green energy. Although there are many smart companies like Tesla or First Solar, they are not enough. Coal or coal-reliant technologies are prevalent in our communities and therefore, generate the most profit. Therefore, if green technologies become more accessible to the general public, it’ll lead to the growth of this

The U.S. submitted its INDC to achieve an economy-wide target of reducing its greenhouse gas emissions by 26%-28% below its 2005 level by 2025. With this plan, the U.S. has several laws related to its environmental policies. Among them, these are main four Acts (Korea Institute of Energy Research [KIER], 2016a): The Energy Policy Act established in 1992 was to secure energy security and revised in 2005 to decrease the reliance on oil and coal energy; The Energy Independence and Security Act (EISA) legislated in 2007 due to the necessity for energy independence caused by the unstable Middle East and high oil prices, so President Bush announced the 'Twenty in Ten Initiative ' that aimed to reduce 20% of the gasoline consumption by 2017; The American Recovery and Reinvestment Act (ARRA) was enacted in 2009 as one of the reflationary measures, and this included $8.5 billion investment for energy-related policies; The Clean Air Act (CAA), made in 1970, regulated the atmospheric pollution sources and the Environmental Protection Agency (EPA) used CAA to restrict the greenhouse gas.

In my opinion, all pollution standards should be tightened but over a period of time. I agree totally that pollution is out of hand at the current time, however it is a problem that has built up for many years and can’t be solved all at once. I feel that it is somewhat unfair to those companies who depend on their current status. By implementing procedures and regulations that are to occur over a period of time, it allows many companies to adjust gradually. I also feel that this policy of carbon trading should be eliminated. Although it does generate income for industries that currently comply, it allows many others to evade responsibility. I also feel that such things as public transportation and carpooling should be stressed. It provides an alternative that will drastically

Global warming is the environmental and social changes caused by emissions of greenhouse gases. Human activities have been the primary cause of this significant change, resulting with extreme weather conditions, increasing sea levels, and climate changes. In this paper I will compare and contrast natural versus anthropogenic climate changes of global warming, mitigation strategies, mitigation effectiveness, policy implications, costs, and address some policy changes to help stabilize global climate.

The issue of carbon emissions is an important one not only from an environmental perspective but also an economic one. While reducing carbon emissions is an important one for the health of human beings as well as that of the environment, the larger question is what type of policy strategy is best for both reducing such emissions which might have an impact on efforts to mitigate the effects of pollution on climate change. While ther are options to consider which does not rely on economics-- technological or output standards achieved by command and control regulations--they are often fraught with political resistance by industry because they do not allow industry to make any choices or play a role in solving the problem of

A cap-and-trade program sets a maximum level of pollution, and distributes emission permits among firms that produce emissions (Carbon Tax, 2013). The purpose of which is regulation of specific emissions by stationary and mobile sources, and setting a specific level which all emitters are re-quired to meet. Cap-and-trade possibly has less of a direct economic component to it than the other alternatives to reducing emissions described due to the ability to trade permits versus the expendi-ture of resources improving technology, with some arguing it is to the detriment of the environment. As stated in the article found in Reclaiming the Environmental Agenda, by Ashford, N. et al., 2008, “being a market-based instrument, ‘the cap-and-trade option suggests that at least this form of MBI may be more environmentally effective than the usual command-and-control alternatives, in addition to being more economically efficient.” (Ashford, N. and Caldart, C., 2008, p. 908).

The cap on the market is set on carbon emissions, creating scarcity within the market. At the end of each year businesses within the scheme are required to ensure they have enough allowances to account for their installation’s actual emissions. Those firms that do not comply and pollute without sufficient permits are hit with heavy fines. (Euro 100 per ton). The aim of carbon trading is to create a market in pollution permits and put a price on carbon. In this way, policy can help internalise external costs of firms’ production and encourage lower emissions to tackle climate change. In a cap and trade system, the volume permits would gradually decline and total emissions, in theory, will diminish. The model of such can be shown as

Indeed, if we accept the danger of global warming to be a real and present one, then the question of how to address it must be given serious consideration. Research conducted from as early as the 1950s through the present has afforded us a solid understanding of its causes. In the most basic sense, the problem lies in the burning of carbon-based fossil fuels such as carbon and oil which leads to the emission of carbon dioxide (CO2). Gases such as CO2 are referred to as greenhouse gases (GHGs) which accumulate in the atmosphere. GHGs can

The government sets an industry-wide limit to carbon production. Corporations that produce more than the set carbon limit are able to buy allowances from corporations who produce below the allowed amount. This creates a market for carbon so that companies can actually make money by reducing their carbon output. As time progresses, the government will incrementally lower the cap, which will reduce the number of allowances issued and increase their price. Ontario's Climate Change Mitigation and Low-carbon Economy Act, 2016 (the "Climate Act"), creates a cap-and-trade system that covers 82 percent of Ontario's direct emissions. This system covers all fossil fuels (e.g., gasoline, diesel and natural gas) used in Ontario by individuals,

Discharging taxes is the most effective way to limit the emission although it is difficult to monitor the volume of emission (Jayanthakumaran 2012, p.369). It is demonstrated (Rabe & Borick 2012) that carbon taxation might belong on a long list of worthy policy ideas that cannot be expected to survive translation on to real policy through political examine. Secondly, from the analysis of case study, carbon taxes system is the most efficient way to undertake the emission reduction. Because, under the cap-and-trade system, it is very difficult for regulators to check whether firms are obeying the systems effectively and regulators need to monitor large number of factories, this would lead to free permits.

Government enacted solutions are probably the most effective ways to reduce carbon emissions and to control pollution since unfortunately the majority of individuals mainly act to their own self-interest and are not concerned with the future of the planet. This is a prime example of the tragedy of the commons, which is the exploitation of a common resource. In this case the common resource is the atmosphere. The first method proposed is the carbon cap trade system. The term cap means the limit or the maximum of the amount of pollutant to be emitted. A trade refers to the transfer of permits that have to be bought by firms that need to increase their volume of emissions from firms that require fewer permits 1. The carbon tax method is a tax on the carbon content of fuels — effectively a tax on the carbon dioxide emissions from burning fossil fuels 2. So, which system would be best for the government to enact to reduce carbon emissions in the atmosphere?

Global warming has become a world wide issue and an issue that is causing great controversy. It is an increase in the earth's atmospheric and oceanic temperatures widely predicted to occur due to an increase in the greenhouse effect resulting especially from pollution (Dictionary). Global warming is a natural process, but because of increase in certain activities this process is taking a faster and more dangerous route creating global problems. Global warming was first theorized in 1894 by Jean Baptiste Joseph Fourier a French mathematician, who noticed the earth was gradually increasing in temperature. He came to the conclusion that the earth’s atmosphere was trapping solar radiation caused by the sun and reflecting this radiation back to

Furthermore, many governments are carrying on the strategy of low carbon economy which is aiming to reduce the amount of carbon dioxide and other green gas emissions in the atmosphere and to support human contributions to global warming by employing energy efficiency and conservation; using carbon-free or reduced carbon energy resources and capturing and storing carbon; choosing renewable power and recycling garbage in everyday life.

Pollution, specifically global warming, is of growing concern to people and governments. It is a controversial issue whose validity is still being debated by scientists. The Kyoto Protocol is an international attempt to address global warming through emissions controls. Traditional neoclassical economic models do not incorporate pollution in rudimentary theories of supply, demand, or pricing, as a result, firms do not consider pollution as a cost of production, which leaves government regulation as the primary method for controlling these externalities. The goal of emissions trading is to allow one business, which can make greenhouse gas emission reductions for a relatively low cost, to sell