Environmental Economy Essay Example | Topics and Well Written Essays - 500 words

Environmental Economy - Essay Example The Catholic Church, through its top leader, the Pope will also participate in the debate and give its stand on the regarding global warming (Rocca n.p). The other participants will be shareholders of various companies to address issues concerning carbon emissions through its reduction. Many big investors are now taking global warming with a lot of seriousness and considerations. The oil mining and coal mining companies will set rules that give a limit of the emissions while putting a consideration of keeping the cost of oil and natural gas low to avoid creating low demand. Change in behavior has encouraged the executives of big companies to support climate change and are now raising the issue unlike before. Environmental and natural economics deals with the principles of economics with respect to the management of the environment and natural resources and the way they are affected by pollution. The article relates to economics in various ways since economics can explain on ways of shifting towards the use of low carbon fuels at low cost. Policy intervention, especially on behavioural economics, is vital for environmental conservation, which the article aims at achieving. Environmental conservation and reduction of global warming requires a lot of money to implement the policies, but the benefits are desirable. Various economic outcomes arise from the environmental policies that tend to address carbon emissions such as high productivity, innovation stimulation, the creation of employment, and the improvement in the balance of trade. Controlling the use of the fossil fuels is essential for reducing global warming and environmental conservation. The article should have addressed the importance of phasing out all the environmentally harmful subsidies and encouragement of good practices to help in minimizing the usage of carbon fuels. The private sector can help a lot in lowering global warming as most of the emissions come from private