The best way to solve the world's enviromental prolem is to increase the price of fuel. To what extent do you agree or disagree with this statement?

Environmental
pollution
has become a major issue globally and
one
way to control it is to increase the prices of fossil fuels.
This
essay disagrees with the statement as increasing the price of natural resources directly increases the
inflation
of a country, and economic
growth
gets stunted,though
such
measure helps in arresting global warming. On
one
hand, increasing the price of
petrol
directly impacts the recession. Prices of goods and services go up leading to rising
inflation
as a result
of which the economy weakens.
Moreover
,struggling economies of some countries will not be able to stabilise future
growth
as additional money will be spent on buying
petrol
from oil-rich countries.
For example
,India witnessed fluctuations in
inflation
when
petrol
and diesel rates were suddenly hiked,resulting in poor economic
growth
during the quarter-half of
last
year.An unstable economy is
one
reason why some nations are not able to become superpowers globally.
On the other hand
,
pollution
levels can be decreased by using alternate sources of energy.People,irrespective of cost,use
vehicles
for transportation.
However
,providing them with an alternate source like hybrid
vehicles
or solar-powered
vehicles
is the best way to meet the needs of people as well as protect the environment from
pollution
.
For example
,solar-powered
vehicles
are more in demand in developed nations of the world due to their cost-effective factor. To conclude,burning fossil fuels is
one
major cause of
pollution
globally.In my opinion,
although
one
way to counter is to increase the rates of
petrol
and diesel,
this
measure directly impacts the economy leading to
inflation
and stunting the future
growth
of nations.
This
can be countered by introducing energy-conserving
vehicles
.
Submitted by rehanafees on

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Topic Vocabulary:
  • incentivization
  • sustainable
  • renewable energy sources
  • economic repercussions
  • disproportionately
  • greenhouse gas emissions
  • innovation
  • behavioral changes
  • public transportation
  • government intervention
  • subsidies
  • rebates
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