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Q: What are the two main approaches to tackle the problem of global warming and climate change?
A: (Q) What are the two main approaches to tackle the problem of global warming and climate change?
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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.
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- How can monetary policy, fiscal policy and financial sector regulation help in the fight against climate change? What are the economic costs associated with the transition to greener technology? Answer the question using proper references from research articles and journals.There is increasing scientific evidence that climate change caused by human actions has substantially impacted surface temperatures on Earth. However, what is unclear is the tools available to managers and policymakers to reduce carbon emissions. Greenhouse gas emissions come from a large number of sources such as power plants, and factories to automobiles all around the world. Therefore, the number of pollution sources that need to be controlled is enormous. Additionally, countries often balk at the enormous price of curtailing their emissions. To address some of these challenges, the European Union adopted a cap-and-trade system to reduce their emissions. As an economic advisor and consultant to the European Union, your opinion has been sought on the cap-and-trade system and whether it is beneficial in reducing carbon emissions. Using the tools of managerial economics, analyse the cap-and trade system and comment on the ability of this policy to reduce carbon emissions. Does a…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
- Nations across the globe are dealing with the effects of global warming. As the Earth's temperature rises, we are seeing dramatic examples of how that plays out for Earth's inhabitants. These examples include many animal species becoming extinct as habitats decrease or change; more frequent and more devastating fires in Australia and the western United States; rising water covering the city streets of Venice, Italy and threatening homes and farmland in The Netherlands; intense heat waves in India killing humans and animals alike. Here in North Carolina, we have seen more severe storms in the last year than in any 12-month period since weather reporting began in our area. Last summer, many people in our area complained about the abundance and ferocity of poison ivy. It turns out that increased CO2 levels in the environment create perfect conditions for poison ivy to thrive. What responsibility do we owe our fellow human beings to protect the environment? What responsibility do we…Economic growth and the prosperity of nations depends upon their access to energy. Without an assured supply of energy production is not possible. Fossil fuels have served as sources of energy for decades. However, in recent years some disadvantages associated with the use of fossil fuels has become obvious. Which of the below IS NOT and HAS NOT BEEN one of the drawbacks of using fossil fuels for the production of goods? Group of answer choices Fossil fuels produce less energy than the non-traditional sources of energy and thus are inefficient. Fossil fuels are associated with environmental damage and possibly even global warming. Fossil fuels are finite, and some day they will run out. Economies that possess fossil fuels such as oil and coal can control supply of these and hike up their prices, and thus deny access to these resources to some countries for political purposes.What policy implications to economy can be derived from our experiences in the pandemic? If you were an economic planning manager, what policy will you propose to mitigate the effects of the pandemic? And which is more important to the economy, health of people or revenues generated? How will you strike a balance between the two?
- why is the climate change problem so hard to solve? Applicable concepts : emissions trading and effluent taxesCould you reply to this message (you can agree/disagree or add more information)? Message: "To be completely honest, my knowledge on climate change and the science behind it is truly limited. However, I genuinely do believe in climate change and also believe that if actions are not taken quickly, irreversible damage to the planet will change the course of the future for the worse. In the lecture, we have heard countless times how we, as a generation, are the most important in directing the future of planet Earth. I also agree with these statements as well. Past generations have continued to push issues down on to the next group, hoping that others will make a change so that they do not have to. This is also seen in dealing with issues like the national debt and other social issues that are yet to be addressed. Thankfully, it appears that this generation is willing to take on the challenges that others have been fearful of in the past. In order to mitigate climate change, I believe…Imagine you are working as a climate advisor to the federal government and they want to craft a bill to drastically reduce methane emissions in America. Which of the following policies would you recommend to them as the most effective in reducing methane? a. federal and state funding being directed to the western states for large scale forest management and fire prevention b. incentive programs to reduce meat production and consumption, while additionally subsidizing alternative diet options c. a nationwide waste management program focused on composting organic material to divert waste from landfills d. incentivizing solar panels to allow for affordable renewable energy that is competitive with market pricing for energy]
- What are the two main approaches to tackle the problem of global warming and climate change?Please no written by hand solutions Discuss how do you think Marxian Economics treats the theme of environmental crisis. Keep the following question in the back of your mind: if the destruction of nature and human beings is harmful and not desired by anyone, why do we still experience the negative impacts of that? Address the following topics: How technical change may harm the environment, How the choice for specific technologies is not necessarily an option, but it may be dictated by the market. Is capitalism compatible with sustainability? (Hint: both yes and no are possible answers, but I want you to focus on why).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-and control’ and others are market based (e.g. cap-and-trade schemes, carbon taxes). (a) Using a diagram or diagrams, explain how a cap-and-trade scheme could result in pollution reduction. (b) What is the Emissions Reduction Fund and what are its pros and cons? 1(c) Of the following four policy options, which one do you favour as a demandside policy and why? i. command-and-control in terms of a demand side climatechange ii. carbon tax iii. Emissions Reduction Fund iv. cap-and-trade scheme