ABSTRACT

Consider, for example, the link between the environment and economics in the context of climate change. Climate change is a phenomenon through which the Earth’s surface temperatures rise hand in hand with greater economic activity. That is, as vast amounts of oil and coal fuel ever-expanding economic processes, large loads of carbon dioxide (CO2) and other greenhouse gases are emitted into the atmosphere, resulting in rising global surface temperatures. As climate change intensifies, rising sea levels, floods, droughts, and other disasters become more prevalent. Moreover, changes among the Earth’s natural conditions are expected to affect agricultural productivity and possibly lead to the wildlife extinctions and ecosystem collapses across the planet. Due to the scale and severity of these risks, coping with climate change has become an unavoidable, pressing issue.