—Climate change and CO2 emissions issue becomes more important in the political agenda every year. Despite the rising effort to curb the emissions little success has been achieved so far. This paper analyzes the severity of the situation bringing the carbon cycle basics into the economic analysis at first hand, stressing once more that the ecological frame should be the bigger macro level borders for the economy. Our analysis sees that there is little chance to reach aimed emissions levels by international endeavor on regulations. Moreover, the severity of the carbon amount already accumulated in the atmosphere and its future results seem to be forcing us to take radical steps about our economy. It can be argued that one of the essential steps to take is to transform energy sector as fast as possible. More than that, other methods to be able to take carbon from the atmosphere and to send the emissions to the underground instead of atmosphere should be taken into account for future.
—Climate change, CO2 emissions, carbon cycle, Kyoto protocol, ecological economics. JEL Codes: Q53, Q54, Q56, O13.
O. Tutulmaz is with the Department of Economics, Hitit University, 19040 Turkey (e-mail: email@example.com; firstname.lastname@example.org).
Cite: Onyr Tutulmaz, "Carbon Dioxide Emissions and Carbon Cycle Basics: What Should We Do Next?," International Journal of Social Science and Humanity vol. 6, no. 10, pp. 785-789, 2016.