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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

differentiate between demand and supply giving examples
Lambiv Reply
differentiated between demand and supply using examples
Lambiv
what is labour ?
Lambiv
how will I do?
Venny Reply
how is the graph works?I don't fully understand
Rezat Reply
information
Eliyee
devaluation
Eliyee
t
WARKISA
hi guys good evening to all
Lambiv
multiple choice question
Aster Reply
appreciation
Eliyee
explain perfect market
Lindiwe Reply
In economics, a perfect market refers to a theoretical construct where all participants have perfect information, goods are homogenous, there are no barriers to entry or exit, and prices are determined solely by supply and demand. It's an idealized model used for analysis,
Ezea
What is ceteris paribus?
Shukri Reply
other things being equal
AI-Robot
When MP₁ becomes negative, TP start to decline. Extuples Suppose that the short-run production function of certain cut-flower firm is given by: Q=4KL-0.6K2 - 0.112 • Where is quantity of cut flower produced, I is labour input and K is fixed capital input (K-5). Determine the average product of lab
Kelo
Extuples Suppose that the short-run production function of certain cut-flower firm is given by: Q=4KL-0.6K2 - 0.112 • Where is quantity of cut flower produced, I is labour input and K is fixed capital input (K-5). Determine the average product of labour (APL) and marginal product of labour (MPL)
Kelo
yes,thank you
Shukri
Can I ask you other question?
Shukri
what is monopoly mean?
Habtamu Reply
What is different between quantity demand and demand?
Shukri Reply
Quantity demanded refers to the specific amount of a good or service that consumers are willing and able to purchase at a give price and within a specific time period. Demand, on the other hand, is a broader concept that encompasses the entire relationship between price and quantity demanded
Ezea
ok
Shukri
how do you save a country economic situation when it's falling apart
Lilia Reply
what is the difference between economic growth and development
Fiker Reply
Economic growth as an increase in the production and consumption of goods and services within an economy.but Economic development as a broader concept that encompasses not only economic growth but also social & human well being.
Shukri
production function means
Jabir
What do you think is more important to focus on when considering inequality ?
Abdisa Reply
any question about economics?
Awais Reply
sir...I just want to ask one question... Define the term contract curve? if you are free please help me to find this answer 🙏
Asui
it is a curve that we get after connecting the pareto optimal combinations of two consumers after their mutually beneficial trade offs
Awais
thank you so much 👍 sir
Asui
In economics, the contract curve refers to the set of points in an Edgeworth box diagram where both parties involved in a trade cannot be made better off without making one of them worse off. It represents the Pareto efficient allocations of goods between two individuals or entities, where neither p
Cornelius
In economics, the contract curve refers to the set of points in an Edgeworth box diagram where both parties involved in a trade cannot be made better off without making one of them worse off. It represents the Pareto efficient allocations of goods between two individuals or entities,
Cornelius
Suppose a consumer consuming two commodities X and Y has The following utility function u=X0.4 Y0.6. If the price of the X and Y are 2 and 3 respectively and income Constraint is birr 50. A,Calculate quantities of x and y which maximize utility. B,Calculate value of Lagrange multiplier. C,Calculate quantities of X and Y consumed with a given price. D,alculate optimum level of output .
Feyisa Reply
Answer
Feyisa
c
Jabir
the market for lemon has 10 potential consumers, each having an individual demand curve p=101-10Qi, where p is price in dollar's per cup and Qi is the number of cups demanded per week by the i th consumer.Find the market demand curve using algebra. Draw an individual demand curve and the market dema
Gsbwnw Reply
suppose the production function is given by ( L, K)=L¼K¾.assuming capital is fixed find APL and MPL. consider the following short run production function:Q=6L²-0.4L³ a) find the value of L that maximizes output b)find the value of L that maximizes marginal product
Abdureman
types of unemployment
Yomi Reply
What is the difference between perfect competition and monopolistic competition?
Mohammed
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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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