Critically analyse the macroeconomic and financial effects of climate change. How do these effects differ between the Global South and the Global North?
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Critically analyse the
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- What are three reasons to study economics?How can monetary policy, fiscal policy and financial sector regulation help in the fight against climate change? a) What are the projected economic costs of climate change in the short, medium and long term? b) What are the economic costs associated with the transition to a greener technology?What makes climate change an economic problem? And if it is, how should policy dealwith it?Your answer should include reference to at least three of the following aspects of theproblem:a) Climate change as an externalityb) A carbon tax vs. cap and tradec) Cost-benefit analysisd) Assessing costs to future generationse) Environmental dynamics
- Can economics help us to understand, and deal with, the prospect of climate change dueto human activities?Your answer should include reference to at least three of the following aspects of theproblem:a) A carbon tax vs cap and tradeb) The UK’s legal commitment to reduce net carbon emissions to zero by 2050c) Assessing costs to future generationsd) Bargaining over climate changee) Environmental dynamicsCase: Despite 2015 Paris agreement, global carbon emissions increased 1.7 percent in 2017 and a further 2.7 percent in 2018; it has been estimated that the rate of increase in 2019 will be among the highest on record. The last four years have been the hottest on record, with 2019 on track to make it five. But analyses suggest that fast action now can reduce carbon emissions within 12 years and hold global increases below 2 degrees C and perhaps 1.5. Even though carbon emissions in The Gambia, Morocco and India are expected to rise, they’ll fall short of exceeding the 1.5-degree Celsius limit. But some countries, such as Saudi Arabia, Russia, and United States, are not trying hard enough. a. Explain the inefficiency in this case! Use graphics b. Why can't this problem be solved through market mechanisms as in private goods? c. Give possible public (global) solutions and private (global) solutions to this and what are the advantages and disadvantages of each.Discuss, how climate change affected our global economy?
- The climate policy toolkit has, to-date, mostly focused on demand side policies (i.e. policies that affect the pollution demand curve), some of which are ‘command-andcontrol’ and others are market based (e.g. cap-and-trade schemes, carbon taxes). (a) Explain what is meant by command-and-control in terms of a demand side climate change policy. What are the pros and cons of this as a policy option? (b) Using a diagram, explain how a carbon tax could help reduce pollution.What are the types of market failures that occur in the case of addressing climate change, explain!What are the two main approaches to tackle the problem of global warming and climate change? Next, compare the two approaches along the following dimension: Based on the current state of scientific and economic knowledge, which of the two types of policy is most likely to be cost-effective? Does it mean it will be used? Explain.
- How is climate change affecting agiri-processors in zambia. Tell us about some projects or innovations that might help?How can monetary policy, fiscal policy and financial sector regulation help in the fight against climate change? What are the projected economic costs of climate change in the short, medium, and long term? Use proper refernces from research journals and articles.Presently, there is a major conference in Glasgow Scotland regarding climate change, neither the first nor the last attempt at this. Reactions range from hopeful optimism to downright cynicism. To be sure climate change is a global issue. There are many causes, from the results of economic activity to natural forces in the earth's core we can do little about. How do you feel about the drive to control climate change. What have you done to "go green", or are you one of the skeptics?
