Question

In: Economics

Over 1 billion people in the world don’t have access to electricity, relying mostly on fire...

Over 1 billion people in the world don’t have access to electricity, relying mostly on fire for heat and cooking. Discuss the benefits and costs of carbon caps that limit the construction of new power plants in less developed countries.

Solutions

Expert Solution

With the growing levels of carbon in the atmosphere and heavy uses of fossil fuels has led to immense destruction of the environment. Taking steps like carbon caps and limits to the release of carbon in the atmosphere will surely help and is an effective and a needed step for the conservation of the environment.

If we talk about the people who do not hve n access to the electricity and rely on the use of fire for heating and cooking, the Government has very well taken care of these people and is ready to provide them with low cost gas gas connections and other mediums through which they can fullfill their needs of heating. Besides till the impositions and rules are not made no person tries to find an alternative. When usage of fossil fuels will be made chargeable then people would automatically find out environment friendly ways to fulfill their needs.

As we can see, these carbon caps have led to innovative options like solar and wind energy sources. Which have proved their efficiency and effectiveness in the market and among all people very well.


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