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?

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