Question

In a short essay, What should humanity do about Global Warming? Why? Please focus your essay on the Engineering Economy aspects of the question.

Answer 1

Introduction:-

Global Warming has turned out to be a bigger problem for economies than they had anticipated for. Hence appropriate measures are required by humanity at every level to control the issue as it has higher economic problems for the society than ever before.

The consumption patterns of humans since the early start of the Industrial Revolution in which they harmed the environment without considering it to be a limited resource has meant that our future generations can largely be impacted and harmed by the current generation and its activities that lead to global warming.

A key resultant of global warming is how countries engage in trade and their overall change in productivity numbers. Agriculture and other production techniques have largely been hit due to global warming and its consequences are that countries are increasingly finding themselves producing significantly lesser amount of goods and services which they previously were with the same amount of input thus, leading to negative economics.

However, to tackle with the problem, inputs of both the government and common citizens are required to ensure that economies can maintain their levels of activity respectively.

Case Specifics:-

To breakdown how, as humans we can contribute towards controlling global warming and helping the economies revive following are the key points which need to be taken into account.

• Proactive Measures:-

These measures involve humanity taking proactive steps to change their buying behavior in the economy, this would lead to large scale changes in the way marketers produce their goods and services and could help economies to thrive again without the need for harming the environment.

Alternative purchase decisions are an important element of elimination of global warming. One of the key reasons being factors such as plastic waste, traditional vehicles and consumer choices which tend to pollute the environment,

If we as humans are more proactive in our approach and choose wisely among what products to purchase, global warming to a certain extent can be avoided. For example if humanity chooses to avoid using plastic and to opt for other products for a short period of time, the change in demand pattern can lead to plastics being easily gone from the market place.

Such structural changes, once implemented will tend to eliminate products which are causing harm to the society in the form of global warming. Another key example of this is use of alternative means of transport such as electric cars which have gained much popularity because of the savings it has to offer while maintaining the overall quality of the environment respectively.

• Restraining Measures:-

Such measures need to be taken by people and the government as a whole. This would lead to taxes for those who harm the environment or even restraining orders to prohibit such industries from existing altogether.

Even when this is difficult to implement with the current market conditions, yet most countries have started to implement strategies that lead to laws being built around companies causing wide spread global warming.

Further as humans, we need to restrain ourselves from engaging in activities which can lead to global warming also. These include burning waste, crackers etc. and these can also change the way societies are impacted.

Conclusion:-

Human effort is extremely important at restricting global warming and its effects on the economy. The above listed measures are just a small example of the types of efforts which we as humans can take, to bring back the world into shape so that not only we, but the entire community and the economy can easily thrive.

Please feel free to ask your doubts in the comments section.