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Economics Of Climate Change Mitigation
An economic analysis of climate change uses economic tools and models to calculate the magnitude and distribution of damages caused by climate change. It can also give guidance for the best policies for mitigation and adaptation to climate change from an economic perspective. There are many economic models and frameworks. For example, in a cost–benefit analysis, the trade offs between climate change impacts, adaptation, and mitigation are made explicit. For this kind of analysis, integrated assessment models (IAMs) are useful. Those models link main features of society and economy with the biosphere and atmosphere into one modelling framework. The total economic impacts from climate change are difficult to estimate. In general, they increase the more the global surface temperature increases (see climate change scenarios). Many effects of climate change are linked to market transactions and therefore directly affect metrics like GDP or inflation. However, there are also non- ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Kotz 2024 Aggregate Impacts Map
Kotz or Kötz may refer to: People with that name * Brad Kotz, American lacrosse player at Syracuse University from 1982 to 1985 * Dorothy Kotz (born 1944), Australian politician * Eric Kotz, South Australian mariner and author * H. David Kotz (born 1966), a director in the Financial Institutions practice at Berkeley Research Group, former Inspector General of the U.S. Securities and Exchange Commission * Hein Kötz (born 1935), German jurist, former Director of the MPI-PRIV, the Bucerius Law School and Vice President of the DFG * John Kotz (basketball) (1919–1999), American basketball player * John Kotz (politician) (1930–2014), British Labour Party politician * Nick Kotz (1932-2020), American journalist, author, and historian * Richard Kotz (1886–1960), German Wehrmacht officer during World War II *Samuel Kotz Samuel Kotz (; August 30, 1930, Harbin, China – March 16, 2010, Kemp Mill, Maryland) was a professor and research scholar in the Department of Engineering Mana ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Economics Of Climate Change Mitigation
An economic analysis of climate change uses economic tools and models to calculate the magnitude and distribution of damages caused by climate change. It can also give guidance for the best policies for mitigation and adaptation to climate change from an economic perspective. There are many economic models and frameworks. For example, in a cost–benefit analysis, the trade offs between climate change impacts, adaptation, and mitigation are made explicit. For this kind of analysis, integrated assessment models (IAMs) are useful. Those models link main features of society and economy with the biosphere and atmosphere into one modelling framework. The total economic impacts from climate change are difficult to estimate. In general, they increase the more the global surface temperature increases (see climate change scenarios). Many effects of climate change are linked to market transactions and therefore directly affect metrics like GDP or inflation. However, there are also non- ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Panel Analysis
Panel (data) analysis is a statistical method, widely used in social science, epidemiology, and econometrics to analyze two-dimensional (typically cross sectional and longitudinal) panel data. The data are usually collected over time and over the same individuals and then a regression is run over these two dimensions. Multidimensional analysis is an econometric method in which data are collected over more than two dimensions (typically, time, individuals, and some third dimension). A common panel data regression model looks like y_=a+bx_+\varepsilon_, where y is the dependent variable, x is the independent variable, a and b are coefficients, i and t are indices for individuals and time. The error \varepsilon_ is very important in this analysis. Assumptions about the error term determine whether we speak of fixed effects or random effects. In a fixed effects model, \varepsilon_ is assumed to vary non-stochastically over i or t making the fixed effects model analogous to a dummy va ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Computable General Equilibrium
Computable general equilibrium (CGE) models are a class of economic models that use actual economic data to estimate how an economy might react to changes in policy, technology or other external factors. CGE models are also referred to as AGE ( applied general equilibrium) models. A CGE model consists of equations describing model variables and a database (usually very detailed) consistent with these model equations. The equations tend to be neoclassical in spirit, often assuming cost-minimizing behaviour by producers, average-cost pricing, and household demands based on optimizing behaviour. CGE models are useful whenever we wish to estimate the effect of changes in one part of the economy upon the rest. They have been used widely to analyse trade policy. More recently, CGE has been a popular way to estimate the economic effects of measures to reduce greenhouse gas emissions. CGE models account for changes in prices and how they influence the relative use of various factors of p ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Econometric Model
Econometric models are statistical models used in econometrics. An econometric model specifies the statistics, statistical relationship that is believed to hold between the various economic quantities pertaining to a particular economic phenomenon. An econometric model can be derived from a Deterministic system (philosophy), deterministic economic model by allowing for uncertainty, or from an economic model which itself is stochastic. However, it is also possible to use econometric models that are not tied to any specific economic theory. A simple example of an econometric model is one that assumes that monthly Consumption (economics), spending by consumers is linearly Dependent and independent variables, dependent on consumers' income in the previous month. Then the model will consist of the equation :C_t = a + bY_ + e_t, where ''C''''t'' is consumer spending in month ''t'', ''Y''''t''-1 is income during the previous month, and ''et'' is an Errors and residuals in statistics, err ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Economics Of Climate Change Mitigation
An economic analysis of climate change uses economic tools and models to calculate the magnitude and distribution of damages caused by climate change. It can also give guidance for the best policies for mitigation and adaptation to climate change from an economic perspective. There are many economic models and frameworks. For example, in a cost–benefit analysis, the trade offs between climate change impacts, adaptation, and mitigation are made explicit. For this kind of analysis, integrated assessment models (IAMs) are useful. Those models link main features of society and economy with the biosphere and atmosphere into one modelling framework. The total economic impacts from climate change are difficult to estimate. In general, they increase the more the global surface temperature increases (see climate change scenarios). Many effects of climate change are linked to market transactions and therefore directly affect metrics like GDP or inflation. However, there are also non- ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Opportunity Cost
In microeconomic theory, the opportunity cost of a choice is the value of the best alternative forgone where, given limited resources, a choice needs to be made between several mutually exclusive alternatives. Assuming the best choice is made, it is the "cost" incurred by not enjoying the ''benefit'' that would have been had if the second best available choice had been taken instead. The '' New Oxford American Dictionary'' defines it as "the loss of potential gain from other alternatives when one alternative is chosen". As a representation of the relationship between scarcity and choice, the objective of opportunity cost is to ensure efficient use of scarce resources. It incorporates all associated costs of a decision, both explicit and implicit. Thus, opportunity costs are not restricted to monetary or financial costs: the real cost of output forgone, lost time, pleasure, or any other benefit that provides utility should also be considered an opportunity cost. Types Expl ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Investment
Investment is traditionally defined as the "commitment of resources into something expected to gain value over time". If an investment involves money, then it can be defined as a "commitment of money to receive more money later". From a broader viewpoint, an investment can be defined as "to tailor the pattern of expenditure and receipt of resources to optimise the desirable patterns of these flows". When expenditures and receipts are defined in terms of money, then the net monetary receipt in a time period is termed cash flow, while money received in a series of several time periods is termed cash flow stream. In finance, the purpose of investing is to generate a Return (finance), return on the invested asset. The return may consist of a capital gain (profit) or loss, realised if the investment is sold, unrealised capital appreciation (or depreciation) if yet unsold. It may also consist of periodic income such as dividends, interest, or rental income. The return may also inclu ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Resource
''Resource'' refers to all the materials available in our environment which are Technology, technologically accessible, Economics, economically feasible and Culture, culturally Sustainability, sustainable and help us to satisfy our needs and wants. Resources can broadly be classified according to their availability as Renewable resource, renewable or national and international resources. An item may become a resource with technology. The benefits of resource utilization may include increased wealth, proper functioning of a system, or enhanced well. From a human perspective, a regular resource is anything to satisfy human needs and wants.WanaGopa - Nyawakan The concept of resources has been developed across many established areas of work, in economics, biology and ecology, computer science, management, and human resources for example - linked to the concepts of competition, sustainability, Conservation movement, conservation, and stewardship. In application within human society, C ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Air Pollution
Air pollution is the presence of substances in the Atmosphere of Earth, air that are harmful to humans, other living beings or the environment. Pollutants can be Gas, gases like Ground-level ozone, ozone or nitrogen oxides or small particles like soot and dust. It affects both outdoor air and indoor air. Natural sources of air pollution include Wildfire, wildfires, Dust storm, dust storms, and Volcanic eruption, volcanic eruptions. Indoor air pollution is often Energy poverty and cooking, caused by the use of biomass (e.g. wood) for cooking and heating. Outdoor air pollution comes from some industrial processes, the burning of Fossil fuel, fossil fuels for electricity and transport, waste management and agriculture. Many of the contributors of local air pollution, especially the burning of fossil fuels, also cause greenhouse gas emissions that cause climate change, global warming. Air pollution causes around 7 or 8 million deaths each year. It is a significant risk factor for ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Fossil Fuel Subsidies
Fossil fuel subsidies are energy subsidies on fossil fuels. Under a narrow definition, fossil fuel subsidies totalled around $1.5 trillion in 2022. Under more expansive definition, they totalled around $7 trillion. They may be tax breaks on consumption, such as a lower sales tax on natural gas for residential heating; or subsidies on production, such as tax breaks on exploration for oil. Or they may be free or cheap negative externalities; such as air pollution or climate change due to burning gasoline, diesel and jet fuel. Some fossil fuel subsidies are via electricity generation, such as subsidies for coal-fired power stations. Eliminating fossil fuel subsidies would reduce the health risks of air pollution, and would greatly reduce global carbon emissions thus helping to limit climate change. , policy researchers estimate that substantially more money is spent on fossil fuel subsidies than on environmentally harmful agricultural subsidies or environmentally harmfu ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Sustainable Development
Sustainable development is an approach to growth and Human development (economics), human development that aims to meet the needs of the present without compromising the ability of future generations to meet their own needs.United Nations General Assembly (1987)''Report of the World Commission on Environment and Development: Our Common Future''. Transmitted to the General Assembly as an Annex to document A/42/427 – Development and International Co-operation: Environment. The aim is to have a society where living conditions and resources meet human needs without undermining planetary integrity. Sustainable development aims to balance the needs of the Economic development, economy, Environmental protection, environment, and society. The Brundtland Report in 1987 helped to make the concept of sustainable development better known. Sustainable development overlaps with the idea of sustainability which is a Normativity, normative concept. Text was copied from this source, which is av ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
