Microeconomics Short Essay On Global Warming

Economics of Global Warming

Global warming has become one of the most pressing issues of modern society. Once dismissed as the ravings of a fringe movement, people are increasingly realising that global warming is something that cannot be ignored. In particular the economic effects of global warming are very significant.

Economics Problems of Global Warming

  1. Rising Food Prices. Global warming is causing desertification of agricultural land. This is compounded by a shortage of water. This will cause problems in supplying food leading to rising prices. This will particularly affect countries which are net importers of food.
  2. Rising Sea Levels. Global warming is causing sea levels to rise. This will cause structural damage and loss of land. To fight rising sea levels is expensive in terms of flood defences. But, also even the best flood defences may not be able to prevent rising sea levels.
  3. Storm Damage. It seems that global warming is leading to an increased propensity for flooding and storms. This has led to huge insurance payouts. In 2007, the floods in the UK could be due to global warming. This will lead to higher insurance premiums. - Some areas may become uninsurable.
  4. Loss of Wildlife. Changing temperatures can cause havoc for wildlife. The economic cost may be hard to evaluate, but, if species go extinct it may prevent future medicines being invented.
  5. Migration. Global warming will cause migration from some countries to others. Those that suffer the most from global warming will see depopulation. There will be overcrowding in the other countries

Advantages of Global Warming

  1. Improved Agricultural Output. It is argued that higher temperatures may lead to increased food production in some countries. This conflicts with the issue of desertification. - Some areas will have increased production, some areas lower production
  2. Lower Heating Bills for Cold Countries. - But higher air conditioning costs for warm countries.
  3. The rise in Temperatures is only temporary. Some argue that world temperatures have always fluctuated and these rise in temperatures will only be temporary.

Related

+ All Microeconomics Essays:

  • Hidden Flaws in Strategy
  • Unemployment, Case Study
  • Sargent and Kotlikoff
  • Eva Case Study of Dabur India Limited
  • “Role of Fdi & Fii in Indian Economic Growth”
  • Final Project Part I Milestone One: Supply, Demand, and Market Equilibrium
  • Mckinsey Case Study
  • Analysis of Nike's Marketing Strategy
  • What Are the Pros and Cons of Paying Physicians by Fee-for-Service
  • Environmental Analysis Paper
  • Online Shopping Lifts Aramex Profits by 4% and Rent Cap Removal Hits Abu Dhabi
  • The Comparative Advantage of Sexual Divisions of Labor
  • The Impact of the Remittances in Latin America
  • Management Principles Assignment (Porter's Five Forces on Apple Inc.)
  • Possible Topics for Marketing Paper
  • An Integrated Approach to Business Studies by Bruce R. Jewell
  • Macroeconomics And The Housing Industry
  • Technological Advancements, Deregulation, and Competitive Pricing: Marketing Strategies of JetBlue
  • Explain, and Illustrate Using Graphs, Whether You Think a Perfectly Competitive Industry or a Monopoly Industry Leads to More Efficient Outcomes for an Economy
  • Keynes Versus Hayek
  • How Volvo Evolve in the Changing Market?
  • Utility Study
  • Agriculture Business and Management
  • The Main Categories of Market Structures
  • Transportation Logistics and Economic Decline: Politics, Infrastructure and the Recession
  • China Unbalanced
  • Differentiating Between Market Structures
  • Factors of Economic Development
  • Oligopolies and Monopolistic Competition - Grifols/Talecris Merger
  • Nike Company Analysis
  • Economic Policies: What is the Fiscal Policy?
  • The Impact Of Ethics On The Enron Corporation
  • Malaysia's Alternative Strategy
  • A View of Systematic Gendered Repression in the Patriarchal Social Construct
  • The Price of Diamonds Is too High in the Modern Market
  • The Case for, or Against, New Orleans
  • Research Hypotheses and Empirical Strategy
  • Basic Concepts for Economic Reasoning
  • Alcohol Consumption: An Economic Problem
  • Investment Essay on Breadtalk
  • English 11 Paper
  • Health Care Issues: Radiation Exposure and Acute Radiation Syndrome
  • Indian Fiscal Policy Impacts
  • Ford
  • Are Oligopolies Good for British Consumers?
  • The Nature and Role of the Entrepreneur
  • Economics and the Effects on Our Society
  • Role Of Government In Mixed Economies Such As Australia
  • The Economics of Pornography
  • Nordstrom Financial Analysis
  • Social Exchange Theory by George Homans
  • The Mafia's Money Laundering
  • How Globalization Affects Developing Countries?
  • U.S. Federal Government and Economic Issues
  • Does IT Matter, Why and Why Not?
  • Sustainable Development Today
  • Keynes and the Classical Economists
  • Environmental Essay
  • Three Pane Model
  • Econ 201
  • Is Microsoft a Monopoly
  • Economic Competition: Should we Care about the Losers?
  • Macroeconomics: Cause and Effect Mechanism
  • Case Study Using Demand and Supply Analysis
  • Manufacturing Practices of the Footwear Industry: Nike vs. the Competition
  • Ans1A
  • Budget
  • Quiz
  • Economics and Business Strategy
  • Comparison between the Terms of Supply and Demand
  • Bibliography Regarding Stocks and Inventory Administration
  • West Lake Home Furnishings Ltd.
  • Oligopoly and the Disney Company.
  • Eco 365 Week 1
  • A&W Ma
  • The Essential Element to Be a Financial Planner in Hong Kong
  • Gov't Regulation in Private Sector
  • Truefalse QuestionsMenuItem 1 Topic 1 Introduction
  • An Economist's Response to the Alcohol Problem

One thought on “Microeconomics Short Essay On Global Warming

Leave a Reply

Your email address will not be published. Required fields are marked *