Climate Change and Global Warming

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ATENEO-REGIS MBA PROGRAM

CEBU BRANCH

FINAL PAPER

FOR

ECOMAN

“THE ECONOMIC IMPACT OF CLIMATE CHANGE and GLOBAL WARMING”

PRESENTED TO:

ENRICO MINA, MBA

PROFESSOR

PRESENTED BY:

MARY ANN S. TAPAYAN

STUDENT

Table of Contents Page

I.Introduction3

II.What is Climate Change?4

III.The Science of Climate Change and Global Warming6

IV.Impact to Economy12

Global Impact13

Impacts in Asia15

Impacts in the Philippines17

The Economics of Climate Change in the Philippines23

A challenge we can meet24

V.Practical Solutions to Global Warming25

We must act now26

What can we do?27

VI.Conclusion31

VII.References32

I.Introduction

“Treat the earth well: it was not given

to you by your parents, it was loaned

to you by your children. We do not

inherit the Earth from our ancestors,

we borrow it from our children.”

-Ancient Indian Proverb-

Scientific history shows that climate changes, my question were what were new about it? In my own perspective, there were nothing to worry about the changes if it not leads to global warming, that in a span of time it will slowly destroy our ecosystem and kill hundreds, thousands and even millions of living creature on the crust of our planet. Nowadays, the effect of climate change is quiet worrying. What made sad about it was, we, our human activities were the biggest contributing factor of this climate changes. Due to the various effects of climate changes, I will consider this issue a problem and it is not just an ordinary problem, I personally considered it the biggest problem of this generation that needs immediate attention and solution.

Global warming sounded like a good idea, especially to people in Northern climes, the people in polar region. But starting in the 1960s, scientists recognized long-range effects of climate changes, changes were generally follow in three major categories such as (1) linear increase in atmospheric temperature, (2) the changes in weather and precipitation patterns and, (3) rising of sea levels. New items were gradually added to the list, ranging from the degradation of ecosystems to threats to human health. Experts in fields from forestry to economics pitched in to assess the range of possible consequences. It was impossible to make solid predictions given the complexity of the global system, the differences from one region to another, and the ways human society itself might try to adapt to the changes. But by the start of the 21st century, it was clear that many places were liable to suffer serious harm — some more than others. Indeed many kinds of damage were already beginning to appear.

Terrorist attacked creates panic and fear to people but its effect was only localized. But if we allow global warming to continually heating the earth surface in this industrial age due to what we called “greenhouse effect”, it will not only affects world economies and threat human lives. The possibilities were generation to come cannot enjoy this beautiful plant any more cause its surface will –gone. Cause it’s sunk underneath the water.

Prevention, adaptation and mitigation of the worse scenario of global warming lies at our hand, if we join the global campaign of lessening the greenhouse gas emission and will help protecting our forest. Let’s act now, tomorrow might be late.

II.What is Climate Change?

Climate change, more commonly known as global warming, is caused by the emission of heat trapping gases produced by vehicles, power plants, industrial processes and deforestation. As these gases build up, they act like a big blanket, over-heating the planet and...
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