TOPIC: Sir Nicholas Stern, Climate Change Economist, has stated that Climate Change threatens to be the greatest and widest ranging market failure ever.
ABSTRACT: This paper we try to argue the common-sense conclusion that climate change demands a global market based solution. Latest study suggests that there is no global support necessary for initial inevitable action. Secondly when the local targets vary across globally the profits made by the international market is over shadowed by the pollutions created by these markets. The pollution generated by the developing economies is always greater than the profits gained by theses industries. The impact of climate change is adversely affecting the green house these changes will potentially have wide-ranging effects on the natural environment as well as on human societies and economies. To assess potential impacts, it is necessary to estimate the extent and magnitude of climate change, especially at the national and local levels. Although much progress has been made in understanding the climate system and climate change, projections of climate change and its impacts still contain all over many uncertainties, particularly at the regional and local levels. Scientists have estimated that global mean surface temperatures would rise by about 1 to 4.5 centigrade above by 2100.The climate changes have effected the market all over the world, due to the impacts of global warming. Climate change is a re ...