Sunday, December 4, 2011

Global Financial Crisis Helped Control Global Warming

Economic Crisis Curb Global Warming
In a recent report from Live Science, the global financial crisis which started in 2007 helped controlled the effects of global warming. The decline in the economic activity of several countries caused fewer greenhouse gas emissions but analysts clarified that the good effect only lasted for a short period of time.

The economic crisis resulted to fewer demand for fossil fuel and lesser products are manufactured or sold. Examples of major contributors to global warming are the burning of fossil fuels especially those fuels used in cars and cement production. According to the report this accounts for 5 percent of human carbon dioxide emissions.

According to Glenn Peters of the Center for International Climate and Environmental Research in Norway, the (global financial crisis) was an opportunity to move the global economy away from a high emissions trajectory. "Our results provide no indication of this happening, and further, indicate that the global financial crisis has been quite different from previous global crises," he said.

However, the lower gas emissions was only recorded for a limited time because some of the countries rebounded in the financial crisis too soon. According to the researchers, an increase in the greenhouse gas emissions spiraled last year due to various plans that boosts the economic activities of big economies.

Researchers also noted that it is very difficult to limit global warming to 3.6 degrees Fahrenheit (2 degrees Celsius). This will continue as long as countries will not take extra effort to curb the effects of global warming.