Climate Change, Cooperation, and Resource Scarcity

This chapter discusses the problem of carbon imprints, greenhouse gases, and their role in climate change, which causes rising global warming. It emphasizes the dynamic environmental problems of these issues and also focuses on their optimal cooperative solution. The relationship among stock externalities, resource scarcity, and climate change is described thoroughly in the following sections of the chapter, along with related models. The contribution of heterogeneous, developed, and developing countries to global warming and the continuous growth rate of environmental degradation are explained in detail. The concluding part of the chapter makes a note of the important regulations and alternative approaches involved in minimizing the pollutants of climate change and global warming.