Succinct Study on the Effects of the Global Crisis over the World’s Social, Environmental and Business Prospects

Anda Gheorghiu ()

Ovidius University Annals, Economic Sciences Series, 2010, vol. X, issue 2, 266-270

Abstract: The ongoing financial crisis turns out to be bad not only for worldwide companies’ budgets but also for the environment. It has become unexpectedly inexpensive to pollute. For instance, in E.U., prices for carbon dioxide emissions permits have dropped below 12 euro per ton in 2009 and many companies are selling them to generate cash. At a global scale, there is an urgent need of a coordinated set of actions designed to diminish the negative impact of pollution over the natural environment. Scientists clearly emphasize that natural disasters are about to happen; climatic changes are imminent, as a direct effect of the ozone layer depletion, caused by gases emissions in the atmosphere and by various disasters provoked by humans. The paper is an attempt to make a brief analysis of both the the upside and downside of the economic crisis over the environment.

Keywords: pollution; CO2 concentration; carbon dioxide emissions permits (search for similar items in EconPapers)
JEL-codes: E20 O11 Q32 Q43 (search for similar items in EconPapers)
Date: 2010
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Journal Article: Succinct Study on the Effects of the Global Crisis over the World’s Social, Environmental and Business Prospects (2010)
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Persistent link: https://EconPapers.repec.org/RePEc:ovi:oviste:v:10:y:2010:i:2:p:266-270

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