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Climate change

While you might be more familiar with the phrase “global warming,” climate change    is the term now used to refer to long-term shifts in temperatures due to human activity and, in particular, the release of greenhouse gases into the environment. The planet as a whole is warming, but the term climate change acknowledges that the short-term variations in this process can include both higher and lower temperatures, despite the overarching trend toward warmth.

Climate change is a deeply controversial subject, despite decades of scientific research and a high degree of scientific consensus that supports its existence. For example, according to NASA scientists, 2013 tied with 2009 and 2006 as the seventh-warmest year since 1880, continuing the overall trend of increasing worldwide temperatures (NASA 2014). One effect of climate change is more extreme weather. There are increasingly more record-breaking weather phenomena, from the number of Category 4 hurricanes to the amount of snowfall in a given winter. These extremes, while they make for dramatic television coverage, can cause immeasurable damage to crops, property, and even lives.

So why is there a controversy? The National Oceanographic and Atmospheric Association (NOAA) recognizes the existence of climate change. So do nearly 200 countries that signed the Kyoto Protocol, a document intended to engage countries in voluntary actions to limit the activity that leads to climate change. (The United States was not one of the 200 nations committed to this initiative to reduce environmental damage, and its refusal to sign continues to be a source of contention.) What's the argument about? For one thing, for companies making billions of dollars in the production of goods and services, the idea of costly regulations that would require expensive operational upgrades has been a source of great anxiety. They argue via lobbyists that such regulations would be disastrous for the economy. Some go so far as to question the science used as evidence. There is also a lot of finger-pointing among countries, especially when the issue arises of who will be permitted to pollute.

World systems analysis suggests that while, historically, core nations (like the United States and Western Europe) were the greatest source of greenhouse gases, they have now evolved into postindustrial societies. Industrialized semi-peripheral and peripheral nations are releasing increasing quantities of carbon emissions. The core nations, now post-industrial and less dependent on greenhouse-gas-causing industries, wish to enact strict protocols regarding the causes of global warming, but the semi-peripheral and peripheral nations rightly point out that they only want the same economic chance to evolve their economies. Since they were unduly affected by the progress of core nations, if the core nations now insist on "green" policies, they should pay offsets or subsidies of some kind. There are no easy answers to this conflict. It may well not be "fair" that the core nations benefited from ignorance during their industrial boom.

Questions & Answers

Ayele, K., 2003. Introductory Economics, 3rd ed., Addis Ababa.
Widad Reply
can you send the book attached ?
Ariel
?
Ariel
What is economics
Widad Reply
the study of how humans make choices under conditions of scarcity
AI-Robot
U(x,y) = (x×y)1/2 find mu of x for y
Desalegn Reply
U(x,y) = (x×y)1/2 find mu of x for y
Desalegn
what is ecnomics
Jan Reply
this is the study of how the society manages it's scarce resources
Belonwu
what is macroeconomic
John Reply
macroeconomic is the branch of economics which studies actions, scale, activities and behaviour of the aggregate economy as a whole.
husaini
etc
husaini
difference between firm and industry
husaini Reply
what's the difference between a firm and an industry
Abdul
firm is the unit which transform inputs to output where as industry contain combination of firms with similar production 😅😅
Abdulraufu
Suppose the demand function that a firm faces shifted from Qd  120 3P to Qd  90  3P and the supply function has shifted from QS  20  2P to QS 10  2P . a) Find the effect of this change on price and quantity. b) Which of the changes in demand and supply is higher?
Toofiq Reply
explain standard reason why economic is a science
innocent Reply
factors influencing supply
Petrus Reply
what is economic.
Milan Reply
scares means__________________ends resources. unlimited
Jan
economics is a science that studies human behaviour as a relationship b/w ends and scares means which have alternative uses
Jan
calculate the profit maximizing for demand and supply
Zarshad Reply
Why qualify 28 supplies
Milan
what are explicit costs
Nomsa Reply
out-of-pocket costs for a firm, for example, payments for wages and salaries, rent, or materials
AI-Robot
concepts of supply in microeconomics
David Reply
economic overview notes
Amahle Reply
identify a demand and a supply curve
Salome Reply
i don't know
Parul
there's a difference
Aryan
Demand curve shows that how supply and others conditions affect on demand of a particular thing and what percent demand increase whith increase of supply of goods
Israr
Hi Sir please how do u calculate Cross elastic demand and income elastic demand?
Abari
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Source:  OpenStax, Introduction to sociology 2e. OpenStax CNX. Jan 20, 2016 Download for free at http://legacy.cnx.org/content/col11762/1.6
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