The Economics of Global Warming

The economics of global warming cover the economic aspects of the

economic that may change due to global warming.
One of the many results of global warming is the volatile rise and change in
temperature of different areas all over the planet. As a result, many types of flora
and fauna would die off and end up extinct after not being able to keep up with
the rapid changes. In terms of the economy, farming would be effected the most.
Places we currently use to grow crops would become too dry or too humid, and
farming would have to be relocated.
With the rise in temperature, the melting of glaciers means that the
shorelines would rise with it. As a result, people will have to have to migrate.
Which means an increasing demand for construction of new homes. People who
live in the coast will have to invest in water management systems and tsunami
warning.
One of the leading causes of global warming is the use of non reusable
fossil fuels, with concerns for the environment increases, the demand for
environmentally friendly, renewable energy sources will increase drastically.
Global warming would create a market for new technology that would help
the world recover from it. Economically, such markets would be goldmines in the
amount of money it could generate for the one who takes advantage it.