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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

it is the relatively stable flow of income
Chidubem Reply
what is circular flow of income
Divine Reply
branches of macroeconomics
SHEDRACK Reply
what is Flexible exchang rate?
poudel Reply
is gdp a reliable measurement of wealth
Atega Reply
introduction to econometrics
Husseini Reply
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hi
LEMLEM
hello
Sammol
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Mahesh
bi
Ruqayat
hi
Ruqayat
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Nyawa
hey
Sammol
hi
God
hello
Jahara
Good morning
Jorge
hi
abubakar
hi
Nmesoma
hi
Mahesh
Hi
Tom
Why is unemployment rate never zero at full employment?
Priyanka Reply
bcoz of existence of frictional unemployment in our economy.
Umashankar
what is flexible exchang rate?
poudel
due to existence of the pple with disabilities
Abdulraufu
the demand of a good rises, causing the demand for another good to fall
Rushawn Reply
is it possible to leave every good at the same level
Joseph
I don't think so. because check it, if the demand for chicken increases, people will no longer consume fish like they used to causing a fall in the demand for fish
Anuolu
is not really possible to let the value of a goods to be same at the same time.....
Salome
Suppose the inflation rate is 6%, does it mean that all the goods you purchase will cost 6% more than previous year? Provide with reasoning.
Geetha Reply
Not necessarily. To measure the inflation rate economists normally use an averaged price index of a basket of certain goods. So if you purchase goods included in the basket, you will notice that you pay 6% more, otherwise not necessarily.
Waeth
discus major problems of macroeconomics
Alii Reply
what is the problem of macroeconomics
Yoal
Economic growth Stable prices and low unemployment
Ephraim
explain inflationcause and itis degre
Miresa Reply
what is inflation
Getu
increase in general price levels
WEETO
Good day How do I calculate this question: C= 100+5yd G= 2000 T= 2000 I(planned)=200. Suppose the actual output is 3000. What is the level of planned expenditures at this level of output?
Chisomo Reply
how to calculate actual output?
Chisomo
how to calculate the equilibrium income
Beshir
Criteria for determining money supply
Thapase Reply
who we can define macroeconomics in one line
Muhammad
Aggregate demand
Mohammed
C=k100 +9y and i=k50.calculate the equilibrium level of output
Mercy Reply
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Amisha
money as unit of account means what?
Kalombe
A unit of account is something that can be used to value goods and services and make calculations
Jim
all of you please speak in English I can't understand you're language
Muhammad
I want to know how can we define macroeconomics in one line
Muhammad
it must be .9 or 0.9 no Mpc is greater than 1 Y=100+.9Y+50 Y-.9Y=150 0.1Y/0.1=150/0.1 Y=1500
Kalombe
Mercy is it clear?😋
Kalombe
hi can someone help me on this question If a negative shocks shifts the IS curve to the left, what type of policy do you suggest so as to stabilize the level of output? discuss your answer using appropriate graph.
Galge Reply
if interest rate is increased this will will reduce the level of income shifting the curve to the left ◀️
Kalombe
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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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