Final answer:
Global warming must be prevented to avoid negative consequences. The Paris Agreement is an international convention against global warming. The market fails to protect the environment due to externalities and overconsumption of resources.
Step-by-step explanation:
Why is it necessary to prevent global warming at all times?
Global warming refers to the gradual increase in the Earth's average temperature due to the trapping of heat in the atmosphere by certain gases, such as carbon dioxide. It is crucial to prevent global warming at all times because it leads to numerous negative consequences for the environment, human health, and ecosystems. Continuously taking steps to reduce greenhouse gas emissions and mitigate climate change will help minimize the impacts of global warming.
Name ONE international convention/protocol against global warming
One international convention/protocol against global warming is the Paris Agreement. The Paris Agreement is an international treaty signed in 2015 and aims to limit global warming to well below 2 degrees Celsius above pre-industrial levels and to pursue efforts to limit the temperature increase to 1.5 degrees Celsius.
Explain how the market fails to protect the environment
The market, while efficient in allocating resources, often fails to adequately protect the environment. One example is the presence of externalities, where the costs or benefits of economic activities are not fully reflected in market prices. Pollution is a negative externality that is not accounted for in the cost of production, leading to overconsumption of resources and environmental degradation.
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