Capitalism, Industry, and Trade

Capitalism, Industry, and trade
Climate change and capitalism can be connected in various of ways. For example the government could make policies that try to address climate change. One such policy could be a limit to how much green house gasses get released into the air and that will affect some industries who find it cheaper to do what they are doing by releasing those gasses. There could be a policy to help climate change by making it so the industry is forced to believe that it would be cheaper to not release the gasses into the air then to do so limited by the policy. There is also trade involved with climate change as trading can release a lot of gasses into the air dew to the powering the engines to transfer the trade into another country.

Trade
Since releasing gasses into the air is easier and cheaper than other methods, poorer countries use this method for trading as they can afford it. Asking for them to use a cheaper method would not profit them and if it doesn't profit them then there would be no need to trade. So not having trade from the poorer countries would not be an option for the richer countries who are receiving the trade and so trying to help the environment would not be an option with the price range given.

According to Baldwin, as there was an increase of trade there was also the increase of gases being released into the air.



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Capitalism
The only thing that capitalism can really do to address climate change is to put limitations on the industry's in singular country. So a country can only really put a policy on how much gasses are being put into the air by industries that are in its own country. Though there is probably more things that capitalism can to do address the issue, there has been debate that capitalism alone can't fix climate change.

Industry
Industries want to earn money in the cheapest way they can so if it means being harmful to the environment to earn more than some industries are going to do just that. Most ways of doing things that friendly to the environment are also more expensive so some industries will avoid that to make the most profit they can without worrying about the future. And relating to trade, industry gets a lot of its goods from other places that use harmful gases to transfer the goods to the industry that is in need of them.