Climate Change and Carbon Dioxide (CO2) Essay -- greenhouse gases, clim

Climate change or colloquially known as global warming, now pose a new threat to refining as the levels of nursery gases (GHG) are soaring to new levels. The most momentous contributor to greenhouse gasses would be Carbon Dioxide (Co2). The levels of Carbon Dioxide (Co2) gas mystify risen to levels civilization has non collectn before. As such, the effects of these levels are non known to civilization as data gathered from the ice cores bore in the Antarctica only shows data up to 650,000 years ago. However we shag conclude that present CO2 concentrations are higher compared to any while in the last 650,000 years (IPCC 2007). Current atomic number 6 dioxide concentrations are h everywhereing virtually 389 parts per million (ppm) as of September 2011, compared to the pre-industrialized times (1000- 1750) of 280 ppm (Co2Now). The rate of step-up of the levels of light speed dioxide is about 1.9ppm a year (IPCC 2007) .The amplify in carbon dioxide levels since the industria l revolution is mainly due to CO2 emissions from the burning of fogy fuels such as coal and oil. Therefore if no action is to be taken, the levels of carbon dioxide would soar up higher and the effects to civilization could be devastating. To see what extend Australia is in, the following mentions Australias position in carbon emissions. Australia, which is a developed nation and a member of the OECD, currently holds the translate for being the nation with the highest carbon dioxide emissions per capita among other developed nations (Garnaut 2011). According to Garnaut , Australia emits 26.7 tonnes of greenhouse gasses per-person per year compared to other developing nations such as Luxembourg, United states, Canada and Ireland which emits 26.1, 23.1, 20.6 and 16.5 tonnes respe... ...DP. So in reality, we can see a total net increase in GDP after the implementation of the carbon tax revenue. It is said that the externalize will raise around $27.3 billion over the first foursom e years and will cost $31.6 billion (Oliver 2011). This in addition to the over compensated benefit payments to lower income families would stimulate the economy and this is why we see no reason to change our GDP growth forecasts at this full point compared to pre-carbon tax introduction. In conclusion, it is economically viable and necessary for the carbon tax to be implemented, which would reduce carbon emissions in Australia. The Australian public would not be greatly affected by the rising cost. Over time, with a price being put on carbon, investment in exonerated efficiency and growth in cleaner industries will likely growth reduced investment and slower growth in dirty energy and sectors.