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How are economies affected by the greenhouse effect?

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Answer:

As a result of the greenhouse effect, the need for space cooling will rise while the need for space heating will fall. At 1981 levels of national income, the net effect of CO2 doubling is projected to be less than $1 billion. Plants consume CO2 during photosynthesis, so rising CO2 levels in the atmosphere aid plant development. Higher CO2 levels, on the other hand, reduce the nutritious value of crops.

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