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Greenhouse Gases: A Review of Losses and Benefits

Author

Listed:
  • Marc Audi

    (Faculty of Business Administration, AOU University, University Paris 1 Pantheon Sorbonne, France,)

  • Amjad Ali

    (School of Accountancy and Finance, City Campus, University of Lahore, Pakistan,)

  • Mohamad Kassem

    (Department of Finance and Accounting, Lebanese International University, Lebanon.)

Abstract
This study provides a review of benefit and losses of greenhouse gases. For the last decades, the average global temperature is rising on the surface as well as on the oceans. There are a number of factors behind this rise, but the main cause of this rise is anthropogenic increase in greenhouse gases (GHG). The anthropogenic factors comprise of burning of fossil fuel, coal mining, industrialization etc. During the last century, the CO2 concentration increased by 391 PPM, CH4 and N2O have reached at warming levels. The rise in overall temperature is changing the living pattern of humans and it also damages the economy as well as ecosystem for other living species. The rising GHG concentration may also have some positive effects on the economy, but it has heavy costs as well. GHGs are responsible for the change in climate which include a rise in sea level, ice melting from ice sheets and ocean acidification and climate change is responsible for the other damages like low fresh water resources, damage to the coastal system, damage to human health and raise the issue of food security.

Suggested Citation

  • Marc Audi & Amjad Ali & Mohamad Kassem, 2020. "Greenhouse Gases: A Review of Losses and Benefits," International Journal of Energy Economics and Policy, Econjournals, vol. 10(1), pages 403-418.
    • Handle: RePEc:eco:journ2:2020-01-52
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    References listed on IDEAS

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    Citations

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    Cited by:

    1. Hafiz Muhammad Abubakar Siddique & Areesha Aziz & Naima Shehzadi & Sumaira, 2022. "Financial Development, Exports, and Industrial Pollution: Evidence from Lower and Upper Middle-Income Countries," Journal of Policy Research (JPR), Research Foundation for Humanity (RFH), vol. 8(4), pages 335-343, December.
    2. Roussel, Yannick & Audi, Marc, 2024. "Exploring the Nexus of Economic Expansion, Tourist Inflows, and Environmental Sustainability in Europe," MPRA Paper 121529, University Library of Munich, Germany.
    3. Amjad Ali & Marc Audi & Yannick Roussel, 2021. "Natural Resources Depletion, Renewable Energy Consumption and Environmental Degradation: A Comparative Analysis of Developed and Developing World," International Journal of Energy Economics and Policy, Econjournals, vol. 11(3), pages 251-260.
    4. Syed Jaffar Abbas & Muhammad Munawar Hussain & Muhammad Salman & Sara Shahid & Asim Iqbal, 2022. "Economic Growth, Energy Consumption and Environment Relationship: A Panel Data Analysis of South Asian Countries," Journal of Policy Research (JPR), Research Foundation for Humanity (RFH), vol. 8(4), pages 143-151, December.
    5. Amjad Ali & Marc Audi & Ismail Senturk & Yannick Roussel, 2022. "Do Sectoral Growth Promote CO2 Emissions in Pakistan? Time Series Analysis in Presence of Structural Break," International Journal of Energy Economics and Policy, Econjournals, vol. 12(2), pages 410-425, March.
    6. Fiaz Ahmad Sulehri & Amjad Ali, 2024. "Nexus among Regulatory Framework, Economic Growth and Sustainable Development: Insights from Structural Equation Modeling Approach," Bulletin of Business and Economics (BBE), Research Foundation for Humanity (RFH), vol. 13(1), pages 110-117.
    7. Ullah, Asad & Ali, Amjad, 2024. "Investigating Corruption, Income Inequality, and Environmental Degradation in Pakistan: A Time Series Analysis," MPRA Paper 121291, University Library of Munich, Germany.
    8. Ayiza Arshad & Atif Khan Jadoon & Ambreen Sarwar & Maria Faiq Javaid, 2024. "Towards Asian Countries Sustainable Development: The Nexus between Information and Communication Technology, Energy Consumption and Carbon Dioxide Emission," Bulletin of Business and Economics (BBE), Research Foundation for Humanity (RFH), vol. 13(2), pages 1-8.
    9. Alim, Wajid & Ali, Amjad & Minhas, Amna Shafiq, 2022. "The Impact of Leverage on the Firm Performance: A Case of Fertilizers Sector of Pakistan," MPRA Paper 114200, University Library of Munich, Germany.
    10. Marc Audi & Amjad Ali, 2023. "Unveiling the Role of Business Freedom to Determine Environmental Degradation in Developing Countries," International Journal of Energy Economics and Policy, Econjournals, vol. 13(5), pages 157-164, September.
    11. Marc Audi & Fiaz Ahmad Sulehri & Amjad Ali & Razan Al-Masri, 2022. "An Event Based Analysis of Stock Return and Political Uncertainty in Pakistan: Revisited," International Journal of Economics and Financial Issues, Econjournals, vol. 12(5), pages 39-56, September.
    12. Sulehri, Fiaz Ahmad & Ali, Amjad, 2024. "Country Risk and Sustainable Development: Mediating Role of Economic Growth," MPRA Paper 121290, University Library of Munich, Germany.
    13. Ammar Masood & Mohsin Altaf & Mohsin Raza Khan & Tanveer Illahi & Abdul Qayyum, 2021. "Industrial Environmental Performance: Mapping And Systematic Literature Review," Bulletin of Business and Economics (BBE), Research Foundation for Humanity (RFH), vol. 10(4), pages 76-100, December.
    14. Tehmina Fiaz Qazi & Abdul Aziz Khan Niazi, 2023. "An Analysis of the Determinants of Trust in Virtual Buying: An Interpretive Structural Modeling Approach," Journal of Policy Research (JPR), Research Foundation for Humanity (RFH), vol. 9(2), pages 103-116.
    15. Audi, Marc, 2024. "A Discussion on the Role of International Regimes in Mitigating Global Warming and Climate Change," MPRA Paper 121586, University Library of Munich, Germany.
    16. Marc Audi & Razan Al-Masri & Chan Bibi, 2022. "Challenging Assumptions about Women’s Empowerment and Economic Resources and Domestic Violence among Young Married Women in India," Journal of Policy Research (JPR), Research Foundation for Humanity (RFH), vol. 8(2), pages 23-33, August.
    17. Abdul Hai Rathore & Abdullah Sahi, 2022. "The impact of Corporate Governance on voluntary disclosure of R&D expenditure of USA Pharmaceutical firms," Journal of Policy Research (JPR), Research Foundation for Humanity (RFH), vol. 8(2), pages 34-53, August.

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    More about this item

    Keywords

    Greenhouse gases; health; food; natural resources;
    All these keywords.

    JEL classification:

    • P28 - Political Economy and Comparative Economic Systems - - Socialist and Transition Economies - - - Natural Resources; Environment
    • P36 - Political Economy and Comparative Economic Systems - - Socialist Institutions and Their Transitions - - - Consumer Economics; Health; Education and Training; Welfare, Income, Wealth, and Poverty
    • L66 - Industrial Organization - - Industry Studies: Manufacturing - - - Food; Beverages; Cosmetics; Tobacco

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