János Szlávik

Economic Consequences Of Climate Change

Even though the climate conflict resulting from green houses gases (GHG) emissions was evident by the Nineties and the well‐known agreements made, their enforcement is more difficult than that of other environmental agreements. That is because measures to reduce GHG emissions interfere with the heart of the economy and the market: energy (in a broader sense than the energy sector as defined by statistics) and economical growth. Analyzing the environmental policy responses to climate change the conclusion is that GHG emission reduction can only be achieved through intensive environmental policy. While extensive environmental protection complements production horizontally, intensive environmental protection integrates into production and the environment vertically. The latter eliminates the source of the pollution, preventing damage. It utilizes the biochemical processes and self‐purification of the natural environment as well as technical development which not only aims to produce state‐of‐the‐art goods, b...