Global climate change's implications on the economy and the environment

Document Type : Original Article

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المعهد العالي للعلوم الادارية بأوسيم - الجيزة

Abstract

The production and consumption of energy are key sources of greenhouse gas emissions. Today, greenhouse gas emissions, notably CO2, are a major source of concern. Despite the fact that CO2 is one of the most significant greenhouse gases. Because numerous harmful chemicals and reactants are employed in refinery of petroleum products, the risk of greater isotope C02 generation cannot be overlooked. Global warming debate, one way to reduce carbon emissions quickly and economically is to improve energy efficiency, which leads to a decrease in energy consumption.
Global warming, environmental laws, and energy policy debates all begin with the widely held belief that the current warm and electricity system is economically acceptable. As a result, any steps to alter the power system in order to attain other objectives, like reduction of pollutants, will increase in energy service prices and harm the financial market. Thus, it follows inventing and developing new technology is the only way to have affordable, clean energy. These conceptions are popular. In a significant speech on climate change, President George W. Bush declared that "technology is the ticket" (2005). However, the current energy system is not ideal, therefore society does not need to trade off access to cleaner energy for higher incomes.

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