The Cost of Saving the World

There has been a lot of talk about global warming in recent years. Most people think that we should do something now to stop it. Others say it will cost to much to do stop global warming. There are a lot of things we could be doing but what would we be giving up? In other words, what is the opportunity cost of saving the Earth?

To stop the things that cause global warming we would have to make major lifestyle changes. Factories, cars and other high pollution making things we use in our everyday life. Giving these
things up is a cost that needs to be accounted for. We also have to consider who would pay to stop these things from making pollution. The people in charge would be paid for making up the rules and enforcing them. We would also have to consider the cost of alternatives to what
we would be giving up.

This article talks about placing mandatory carbon caps on factories. This will decrease the rate that pollutants enter the air. This will also increase the price of electricity and gasoline. My question, like many others, is are we going to do a little bit to save the environment and pay a lot to do it, or keep going at the current pace and keep the economy in tact?