The high cost of global warming why essay
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The economics of global warming concerns the economic aspects of global warming; this can inform policies that governments might consider in response. A number of factors make this a difficult problem from both economic and political perspectives: it is a long-term, intergenerational problem;[1] benefits and costs are distributed unequally both within and across countries; and both scientific and public opinions need to be taken into account.
One of the most important greenhouse gases is carbon dioxide (CO
2).[2] Around 20% of carbon dioxide which is emitted due to human activities can remain in the atmosphere for many thousands of years.[3] The long time scales and uncertainty associated with global warming have led analysts to develop "scenarios" of future environmental, social and economic changes.[4] These scenarios can help governments understand the potential consequences of their decisions.