Hello! This is essay question in economics. Any applicable direction or idea and

Question

Hello!

This is essay question in economics.

Any applicable direction or idea and supportive ideas should be appreciated :)

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Problem 3 The United Nations-established Intergovernmental Panel on Climate Change (IPCC) has been forecasting the occurrence of global warm- ing caused by the increased concentrations of greenhouse gas in the atmo- sphere since its first assessment report, which was issued in 1990. The report was based on IPCC's assessment of the published literature. Since then, ia very large majority of studies on the subject have confirmed the IPCC's ini- tial assessment, have documented the human influence on the climate, and have estimated expected negative impacts of global warming on environmen- tal and socio-economic systems Nevertheless, the introduction of policies aimed at reducing greenhouse gas emissions is often met with opposition, and it is generally believed that

Explanation / Answer

Adopting the policies will be a challenging job because:

Techniques like greenwashing which includes advertisment technique which is used to convert the perception towards any organisation, product or entity by doing various deceptive advertisment to show that it is more beneficial for the environment than it actually is would increase the cost of the products and hence would be an economicallynegative thing. For example various television shows the eco-friendliness and environment sustainability of various everyday product just to increase the value of any product while it hadly have any positive effect on the environment and thus companies spend more money in showing a company green then to implement various steps to actually make it green. This also effect the everyday consumers as they tend to incline towards these products and hence pay more for the ordinary goods.

Companies have to opt for Life cycle thinking of any product, which refers to the holistic approach to reduce the resources consumption in all the processes involved in the life cycle of a product i.e. from the gathering of raw material for the product, then to manufacturing of product, packaging and distribution, use of the product and lastly the disposal of the product. Normal conventional methods of designing deals with manufacturing the product, using it and then dumping it while closing the loop means that even after using we’ll look for various methods by which we can use the disposes good for producing new products. It basically increases the environment sustainability of the product by implementing sustainable design and manufacturing. This can be done by putting a price on natural attributes and ecological services, then it would increase the price of all the material and services as in this case we would be calculating the cost of negative effect that these material and services have on natural attributes and ecologyand thus on environment and on natural live. This will increase the consumer price of materials.

The above mentioned ideas can be used for the essay. I hope this will help.

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