Discussion Board Topic 1 – Coursework Example

Economic Sacrifices for Staving off Global Warming Economic Sacrifices for Staving off Global Warming Trade offs is major economic principle. One of the current global changes that require economic tradeoff to be addressed is the issue of pollution and global warming. This is particularly attributed to the fact that economic growth inevitably contributes to pollution through increased gross domestic by products such as toxic wastes, noise, air and water pollution among others. Being the largest economy and one of the biggest global polluters, the United States is morally obligated to make economic sacrifices in order to help curb the increasing global warming.
Some of the major economic trade offs that the United States should undertake as parts of the efforts to stave off global warming is cutting its carbon dioxide emissions in industrial power plants homes and businesses, investing in renewable and green energy sources as well as reducing its energy consumption level (EPA, 2014). At the same time, the United States should also hold other counties including the developing countries by the same standards. However, the trade-offs come at huge economic costs running into billions of dollars annually.
Critics of the strategy of making economic sacrifices in order as a way of reducing pollution argues that climate change should not be treated as a global priority. For example, according to Bjorn Lomborg, the economic sacrifices and the $50 billion spend on fighting global warming can be better used to make the world a better place by refocusing it towards addressing problems such as world poverty, malnutrition, terrorism and diseases such as HIV/AIDs (Lomborg, 2007). The Danish Political scientist’s unpopular arguments are particularly premised on the assumption that the world has bigger problems than mitigating global warming. Bjorn also argues that the current technological progress has already human demand on the planet by up to 35% and there can be no ecological collapse (CNN, 2006).
CNN. ( 2006). Interviewer: Fareed Zakaria- Foreign Exchange Interview with Bjorn. Retrieved on August 22, 2014 from https://www.youtube.com/watch?v=LqZWbLLbAOM
EPA. (2014). Climate Change: Greenhouse Gas emissions. Retrieved on August 22, 2014 from http://www.epa.gov/climatechange/
Lomborg, B. (2007). Global priorities bigger than climate change: Ted Interview. Retrieved on August 22, 2014 from https://www.youtube.com/watch?v=Dtbn9zBfJSs