Climate Change and Economic Development

Climate Change and Economic Development
Author: J. Sanderson
Publisher: Springer
Total Pages: 211
Release: 2015-12-11
Genre: Business & Economics
ISBN: 0230590128

Focusing on S.E. Asia, the economics of climate change and the relationship between climate change and economic development, this book examines the region's vulnerability to the impact of climate change, forecasts environmental and economic outcomes and opportunities these factors provide for policy actions towards alleviating this vulnerability.

Climate Change and Global Development

Climate Change and Global Development
Author: Tiago Sequeira
Publisher: Springer
Total Pages: 303
Release: 2019-05-08
Genre: Business & Economics
ISBN: 3030026620

This book presents new research related to climate change policies and effects. It discusses the implications of climate change on issues pertaining to international relations and economic development, and the question of how climate change could jeopardize the international system as we have known it until today. It aims to provide an empirical basis and epistemological framework to discuss the effects of climate change on economic growth, social development and welfare as a global phenomenon influenced by policies carried out transnationally and by national governments. Case studies from around the globe are presented.

Long-Term Macroeconomic Effects of Climate Change: A Cross-Country Analysis

Long-Term Macroeconomic Effects of Climate Change: A Cross-Country Analysis
Author: Matthew E. Kahn
Publisher: International Monetary Fund
Total Pages: 59
Release: 2019-10-11
Genre: Business & Economics
ISBN: 1513514598

We study the long-term impact of climate change on economic activity across countries, using a stochastic growth model where labor productivity is affected by country-specific climate variables—defined as deviations of temperature and precipitation from their historical norms. Using a panel data set of 174 countries over the years 1960 to 2014, we find that per-capita real output growth is adversely affected by persistent changes in the temperature above or below its historical norm, but we do not obtain any statistically significant effects for changes in precipitation. Our counterfactual analysis suggests that a persistent increase in average global temperature by 0.04°C per year, in the absence of mitigation policies, reduces world real GDP per capita by more than 7 percent by 2100. On the other hand, abiding by the Paris Agreement, thereby limiting the temperature increase to 0.01°C per annum, reduces the loss substantially to about 1 percent. These effects vary significantly across countries depending on the pace of temperature increases and variability of climate conditions. We also provide supplementary evidence using data on a sample of 48 U.S. states between 1963 and 2016, and show that climate change has a long-lasting adverse impact on real output in various states and economic sectors, and on labor productivity and employment.

The Economics of Climate-Resilient Development

The Economics of Climate-Resilient Development
Author: Sam Fankhauser
Publisher: Edward Elgar Publishing
Total Pages: 246
Release: 2016-07-27
Genre: Business & Economics
ISBN: 1785360310

Some climate change is now inevitable and strategies to adapt to these changes are quickly developing. The question is particularly paramount for low-income countries, which are likely to be most affected. This timely and unique book takes an integrated look at the twin challenges of climate change and development. The book treats adaptation to climate change as an issue of climate-resilient development, rather than as a bespoke set of activities (flood defences, drought plans, and so on), combining climate and development challenges into a single strategy. It asks how the standard approaches to development need to change, and what socio-economic trends and urbanisation mean for the vulnerability of developing countries to climate risks. Combining conceptual thinking with practical policy prescriptions and experience the contributors argue that, to address these questions, climate risk has to be embedded fully into wider development strategies

Climate and Development

Climate and Development
Author: Anil Markandya
Publisher: World Scientific Environmental
Total Pages: 400
Release: 2021-12-22
Genre: Business & Economics
ISBN: 9789811240546

The 2015 Paris Accord stated the aim to limit the increase in global mean temperatures to 2°C compared to pre-industrial levels and if possible, keep it down to 1.5°C. Achieving this is possible, but the costs incurred are uncertain and the distribution of costs among nations is indistinct. Furthermore, even if the goal is realised, significant impacts from climate change can be expected. Evidence indicates that these will be felt most severely in countries that are relatively poor. These effects of climate change will be added to by the measures taken to reduce GHGs. Together, they will determine how climate change affects the prospects for development across the globe. The analysis of the interplay between climate change and policies to combat it on the one hand and development on the other are the focus of this book.

Economic Development, Climate Change, and the Environment

Economic Development, Climate Change, and the Environment
Author: Ajit Sinha
Publisher: Taylor & Francis
Total Pages: 234
Release: 2020-11-29
Genre: Business & Economics
ISBN: 1000087662

This book comes at a time when the world is confronted by one of the greatest challenges—the problem of environmental degradation. A collection of articles by renowned economists, scientists, and environmentalists, this book shows that while the state of the environment is intricately linked to economic development, the matter is in fact far more complex. One of the best-known connections is the Environmental Kuznet’s Curve hypothesis, the limitations of which, both empirically and theoretically, are dealt with in the early part of the book. This is followed by a discussion on the shortcomings of the Kyoto Protocol and the particular problem of green house gasses. The other issues covered are: the negative contribution of environmental pollution; trade liberalization and its impact on the environment of developing countries, both in the short- and long term; alternative energy sources.

Global Warming and Economic Development

Global Warming and Economic Development
Author: A.K. Duraiappah
Publisher: Springer Science & Business Media
Total Pages: 235
Release: 2012-12-06
Genre: Business & Economics
ISBN: 9401117578

The computer revolution both in the hardware as well as in software has made it possible for economists to analyze complex issues which could not be solved in the past by analytical methods. A large library of numerical techniques are now available to economists for solving models ranging from a simple system of linear simultaneous equations to large non-linear dynamic optimization models. We attempt to take advantage of these advancements in computational economics to address the issue of global warming and economic development. The use of computer simulation models has enhanced the understanding of some of the underlying issues in the global warming literature which would have been impossible without these models. However, to date, the global warming issue has been addressed in a partial equilibrium framework. In other words, the climate scientists tend to specify economic variables as exogenous variables in their global warming models while the economists do the same by specifying the climate variables as exogenous variables in their global warming models. Both approaches ignore important feedback relationships which will be triggered when either economic or climate variables are perturbed. The ideal model structure would be one in which both systems are incorporated within one framework with emphasis on the long run effects of greenhouse gas curbing policies and the corresponding effect on the economic growth potential of the economies.

Economic Risks of Climate Change

Economic Risks of Climate Change
Author: Trevor Houser
Publisher: Columbia University Press
Total Pages: 381
Release: 2015-08-18
Genre: Business & Economics
ISBN: 023153955X

Climate change threatens the economy of the United States in myriad ways, including increased flooding and storm damage, altered crop yields, lost labor productivity, higher crime, reshaped public-health patterns, and strained energy systems, among many other effects. Combining the latest climate models, state-of-the-art econometric research on human responses to climate, and cutting-edge private-sector risk-assessment tools, Economic Risks of Climate Change: An American Prospectus crafts a game-changing profile of the economic risks of climate change in the United States. This prospectus is based on a critically acclaimed independent assessment of the economic risks posed by climate change commissioned by the Risky Business Project. With new contributions from Karen Fisher-Vanden, Michael Greenstone, Geoffrey Heal, Michael Oppenheimer, and Nicholas Stern and Bob Ward, as well as a foreword from Risky Business cochairs Michael Bloomberg, Henry Paulson, and Thomas Steyer, the book speaks to scientists, researchers, scholars, activists, and policy makers. It depicts the distribution of escalating climate-change risk across the country and assesses its effects on aspects of the economy as varied as hurricane damages and violent crime. Beautifully illustrated and accessibly written, this book is an essential tool for helping businesses and governments prepare for the future.

China's Dilemma

China's Dilemma
Author: Ligang Song
Publisher: ANU E Press
Total Pages: 446
Release: 2008-07-01
Genre: Science
ISBN: 1921536039

China's Dilemma - Economic Growth, the Environment and Climate Change examines the challenges China will have to confront in order to maintain rapid growth while coping with the global financial turbulence, some rising socially destabilising tensions such as income inequality, an over-exploited environment and the long-term pressures of global warming. China's Dilemma discusses key questions that will have an impact on China's growth path and offers some in-depth analyses as to how China could confront these challenges. The authors address the effect of the global credit crunch and financial shocks on China's economic growth; China's contribution to greenhouse gas emissions and emissions reduction schemes; the environmental consequences of foreign direct investment in China; the relationship between air pollution and mortality; the effect of climate change on agricultural output; the coal industry's compliance with tougher regulations; and the constraints water shortages may impose on China's economy. It also emphasises the importance of managing the rising demand for energy to moderate oil price increases and placating domestic and international concerns about global warming. In the thirty years since China started on the path of reform, it has emerged as one of the largest and most dynamic economies in the world. This carries with it the responsibility to balance the requirements of key industries that are driving its development with the need to ensure that its growth is both equitable and sustainable. China's Dilemma highlights key lessons learned from the past thirty years of reform in order to pave the way for balanced and sustained growth in the future.

An Introduction to Climate Change Economics and Policy

An Introduction to Climate Change Economics and Policy
Author: Felix R. FitzRoy
Publisher: Routledge
Total Pages: 254
Release: 2016-04-14
Genre: Political Science
ISBN: 131766907X

The 2nd edition of An Introduction to Climate Change Economics and Policy explains the key scientific, economic and policy issues related to climate change in a completely up-to-date introduction for anyone interested, and students at all levels in various related courses, including environmental economics, international development, geography, politics and international relations. FitzRoy and Papyrakis highlight how economists and policymakers often misunderstand the science of climate change, underestimate the growing threat to future civilization and survival and exaggerate the costs of radical measures needed to stabilize the climate. In contrast, they show how direct and indirect costs of fossil fuels – particularly the huge health costs of local pollution – actually exceed the investment needed for transition to an almost zero carbon economy in two or three decades using available technology.