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Examine the economic and environmental impact of our world’s continued reliance on fossil fuels. - Leaving Cert Geography - Question 1 - 2006
Question 1
Examine the economic and environmental impact of our world’s continued reliance on fossil fuels.
Worked Solution & Example Answer:Examine the economic and environmental impact of our world’s continued reliance on fossil fuels. - Leaving Cert Geography - Question 1 - 2006
Step 1
Economic Impact
Answer
The economic impact of continued reliance on fossil fuels is significant. Firstly, fossil fuels have historically provided a strong foundation for global economies, contributing to job creation and energy affordability. However, this dependence has also led to price volatility in energy markets, impacting consumers and businesses alike. Moreover, as reserves dwindle, the cost of extraction increases, exerting pressure on energy prices and destabilizing economies dependent on fossil fuel revenues.
In addition, fossil fuel industries often benefit from government subsidies, which could otherwise support renewable energy initiatives. This financial commitment diverts resources from sustainable energy investments, hindering long-term economic growth potential.
Step 2
Environmental Impact
Answer
The environmental impact of fossil fuel reliance is profound and multifaceted. The combustion of fossil fuels is a leading contributor to greenhouse gas emissions, significantly influencing climate change and global warming. This has resulted in adverse weather patterns, rising sea levels, and increased frequency of natural disasters.
Furthermore, oil spills, coal mining, and natural gas extraction can lead to habitat destruction and pollution of air and water sources. The degradation of ecosystems not only affects biodiversity but also has cascading effects on food security and human health. These environmental consequences highlight the urgent need for a transition to more sustainable energy sources.