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A circular economy (also referred to as circularity or CE) [1] is a model of resource production and consumption in any economy that involves sharing, leasing, reusing, repairing, refurbishing, and recycling existing materials and products for as long as possible.
The mitigation of climate change effects is an example of a public good, where the social benefits are not reflected completely in the market price. Because the personal marginal benefits are less than the social benefits the market under-provides climate change mitigation.
[10]: 2495 A study in 2024 projected that by 2050, climate change will reduce average global incomes by likely 19% (confidence interval 11-29%), relative to a counterfactual where no climate change occurs. The global economy and per capita income would still grow relative to present, but the global annual damages would reach about $38 trillion ...
Further influential developments include work by the economists Nicholas Stern and William Nordhaus, making the case for integrating environmental concerns into economic activities: The 2006 Stern Review on the Economics of Climate Change assessed the economic costs and risks of climate change and concluded that “the benefits of strong and ...
Some climate change effects: wildfire caused by heat and dryness, bleached coral caused by ocean acidification and heating, environmental migration caused by desertification, and coastal flooding caused by storms and sea level rise. Effects of climate change are well documented and growing for Earth's natural environment and human societies. Changes to the climate system include an overall ...
Common But Differentiated Responsibilities (CBDR) is a principle that was formalized in the United Nations Framework Convention on Climate Change (UNFCCC) of Earth Summit in Rio de Janeiro, 1992. The CBDR principle is mentioned in UNFCCC article 3 paragraph 1.., [ 1 ] and article 4 paragraph 1. [ 2 ]
Climate change education (CCE) is education that aims to address and develop effective responses to climate change. It helps learners understand the causes and consequences of climate change, prepares them to live with the impacts of climate change and empowers learners to take appropriate actions to adopt more sustainable lifestyles. [1]
Critics point instead to alternative frameworks for economic change such as a circular economy, steady-state economy, degrowth, doughnut economics and others. [ 28 ] Approximately 57% of businesses responding to a survey are investing in energy efficiency , 64% in reducing and recycling trash, and 32% in new, less polluting industries and ...
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