Answer to Question #233018 in Macroeconomics for Bee

Question

Countries from the North are mainly responsible for damaging the ozone layer through mass production and consumption. Briefly explain the failures of the international measures in addressing environmental problems

Answer 1

Some environmental global issues including; global warming and biodiversity usually spill across borders of nations and need to be addressed using some form of an international agreement for a remedy to be achieved.

Biodiversity is defined as every living thing found on earth’s face, including plants, animals, humans, and bacteria.

Externalities experienced internationally are those that cross borders of nations hence they cannot be settled entirely by a single nation acting on its own.