Sustainable Management Futures Essay Example | Topics and Well Written Essays - 3000 words - 3

Sustainable Management Futures - Essay Example The gases are trapped in the lower parts of the atmosphere thereby causing a blanket that traps the auto-radiated heat of the sun thereby causing the condition many call the global warming. The effects of global warming include a rise in global temperatures, rise in sea levels, and changes in climatic patterns (Senge, 2010). Others are heat waves, droughts, heavy rainfall in some regions, acidification of oceans and other effects related to shifting temperatures. Various studies have been conducted and some economists have been able to quantify the effects in monetary terms even though the results are disputable (Senge, 2010). Economic effects of Global Warming Among the various ways designed to calculate the effect of global warming is the effect of its products i.e. floods, rising sea levels etc. The first major effect is its effect on property and infrastructure. This is caused by factors such as floods, rising sea levels and storms (Senge, 2010, p. 16). These factors destroy road s, bridges, runways and other forms of property and infrastructure. The property destroyed may have cost substantial sums of money to set up therefore destroying it causes a loss to the investors who may be either individuals, companies or the government. The subsequent repairs to be done after the effects may also cost substantial amounts of resources. In the absence of the effects of global warming, the repairing costs may not have been incurred. The second economic effect is its effect on productivity. For instance, heavy rainfall may disrupt the daily activities of many people that generate money. They also disrupt planting of crops and may even destroy crops. This means that harvest may be affected in the process. In some areas, traffic snarl-ups are experienced in addition to power outages. These factors are important in economic development therefore disrupting them affects the economic adversely. Moreover, some people are affected by health conditions such as pneumonia that are caused by adverse climatic conditions. These diseases reduce the productivity of the people. The third type of costs incurred are coping costs. Coping costs arise from the measures that are implemented to curb some of the effects of global warming. Even though the long-term benefits may outweigh the initial cost, accounting may show significant costs in setting up the various policies. For instance, the government may be forced to strengthen infrastructure such as bridges and seawalls to curb the damage caused by floods and riding water levels. This requires heavy investments on the part of the government to make the improvements. The most expensive costs however remain the lives lost in the various disasters that occur. Medical bills are also incurred to treat people who are affected by the various catastrophes. From the above costs, it is evident that global warming is an issue that should be addressed keenly. The implementation of measures to curb the effects of global warmin g calls for the involvement of all stakeholders. Collective Measures to create a Solution The economic effects of climate change can be reduced if all stakeholders unite and merge resources to implement measures that may save this planet. The overall objective will be to reduce carbon emissions to safer levels (Senge, 2010, p.34). These may involve the participation of everyone from individual homes, businesses to governments. One of the measures is to forego