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[15] [16] [17] Direct global fossil fuel subsidies reached $319 billion in 2017, and $5.2 trillion when indirect costs such as air pollution are priced in. [18] In other areas, the cost of climate change mitigation may divert resources away from other socially and environmentally beneficial investments (the opportunity costs of climate change ...
Climate change will accelerate the prevalence of pests and diseases and increase the occurrence of highly impactful events. [195] The impacts of climate change on agricultural production in Africa will have serious implications for food security and livelihoods. Between 2014 and 2018, Africa had the highest levels of food insecurity in the ...
Climate change mitigation policies can have a large and complex impact on the socio-economic status of individuals and countries This can be both positive and negative. [299] It is important to design policies well and make them inclusive. Otherwise climate change mitigation measures can impose higher financial costs on poor households. [300]
To the question "How convinced are you that most of recent or near future climate change is, or will be, a result of anthropogenic causes?", 47.7% had very much agreed, 26% agreeing to a large extent (6), 9.8% to a small extent (2–4), and 1.9% did not agree at all (1). 46% had very much agreed that climate change "poses a very serious and ...
The social cost of carbon (SCC) is the marginal cost of the impacts caused by emitting one extra tonne of carbon emissions at any point in time. [1] The purpose of putting a price on a tonne of emitted CO 2 is to aid policymakers or other legislators in evaluating whether a policy designed to curb climate change is justified.
Therefore, any comprehensive plan of adaptation to the effects of climate change, particularly the present and future effects of climate change on agriculture, must also consider livestock. [33] [34] Livestock activities also contribute disproportionately to land-use effects, since crops such as corn and alfalfa are cultivated to feed the ...
He was a Sterling Professor of Economics at Yale University, best known for his work in economic modeling and climate change, and a co-recipient of the 2018 Nobel Memorial Prize in Economic Sciences. [3] Nordhaus received the prize "for integrating climate change into long-run macroeconomic analysis". [4]
The IPCC Sixth Assessment Reports defines carbon budget as the following two concepts: [2]: 2220 "An assessment of carbon cycle sources and sinks on a global level, through the synthesis of evidence for fossil fuel and cement emissions, emissions and removals associated with land use and land-use change, ocean and natural land sources and sinks of carbon dioxide (CO 2), and the resulting ...