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

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  • Gheorghiu Anda

    () (“Hyperion” University of Bucharest)

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.

Suggested Citation

  • Gheorghiu Anda, 2010. "Succinct Study on the Effects of the Global Crisis over the World’s Social, Environmental and Business Prospects," Ovidius University Annals, Economic Sciences Series, Ovidius University of Constantza, Faculty of Economic Sciences, vol. 0(2), pages 266-270, October.
  • Handle: RePEc:ovi:oviste:v:10:y:2010:i:2:p:266-270
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    Keywords

    pollution; CO2 concentration; carbon dioxide emissions permits;

    JEL classification:

    • Q32 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Nonrenewable Resources and Conservation - - - Exhaustible Resources and Economic Development
    • Q43 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Energy and the Macroeconomy
    • E20 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - General (includes Measurement and Data)
    • O11 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Macroeconomic Analyses of Economic Development

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