Explain how the opportunity costs of negative environmental impact are high.

The widespread emission of greenhouse gases(GHGs) is causing global warming and ozone depletion. Thus, it has been internationally agreed to fight global warming by reducing emissions of GHGs by industrialised nations. This has increased the financial commitments of the Government to fight this global environmental issue. Also, faster depletion of vital resources than generation of such resources requires huge spending in finding and exploring new resources. For this research and technologies must be extensive. Due to emission of these GHGs and rise in air and water pollution, there is a high incidence of respiratory and water borne illness. The health costs incurred due to degraded quality of the environment also adds up to the cost of research and advanced technologies for new resources. Hence, this shows how the opportunity costs of negative environmental impact are high.