Enhance Your Learning with Climate Change Economics Flash Cards for quick learning
Refers to long-term shifts in temperature and weather patterns caused by human activities, particularly the emission of greenhouse gases.
Actions taken to reduce or prevent the emission of greenhouse gases and limit the extent of climate change.
Strategies and measures implemented to adjust to the impacts of climate change and minimize vulnerability.
A policy approach that puts a price on carbon emissions to incentivize the reduction of greenhouse gas emissions.
Energy derived from natural sources that are constantly replenished, such as sunlight, wind, and water.
Situations where the allocation of resources by the market is inefficient, leading to suboptimal outcomes in terms of economic efficiency and social welfare.
Costs or benefits that are not reflected in the market price of a good or service, resulting in an inefficient allocation of resources.
A method used to evaluate the economic feasibility of a project or policy by comparing the costs and benefits associated with it.
An international body established to provide scientific assessments of climate change and its potential impacts.
The process by which certain gases in the Earth's atmosphere trap heat from the sun, leading to a warming effect.
Development that meets the needs of the present without compromising the ability of future generations to meet their own needs.
The total amount of greenhouse gases emitted directly or indirectly by an individual, organization, or product.
Financial resources provided to support climate change mitigation and adaptation efforts in developing countries.
A market-based approach to controlling pollution by setting a limit on emissions and allowing companies to buy and sell permits to emit.
A branch of economics that studies the economic impact of environmental policies and the use of economic incentives to address environmental issues.
Financial or non-financial rewards or penalties designed to motivate individuals, businesses, or governments to take certain actions.
The ability of a system or community to withstand and recover from the impacts of climate change.
Non-renewable energy sources formed from the remains of plants and animals that lived millions of years ago, such as coal, oil, and natural gas.
Regulations that require utilities to obtain a certain percentage of their energy from renewable sources.
Employment opportunities in sectors that contribute to environmental sustainability, such as renewable energy, energy efficiency, and waste management.
The phenomenon where a reduction in emissions in one country leads to an increase in emissions in another country due to changes in production patterns.
A market-based approach to reducing greenhouse gas emissions by allowing companies to buy and sell emission allowances.
The rate used to convert future costs and benefits into present value for the purpose of economic analysis.
The concept that the burdens and benefits of climate change and its mitigation should be distributed fairly and equitably.
Tradable certificates that represent the environmental attributes of renewable energy generation and can be sold or traded separately from the physical electricity.
The release of gases, such as carbon dioxide and methane, into the atmosphere that contribute to the greenhouse effect and climate change.
An increase in the production and consumption of goods and services in an economy over time, often measured by changes in GDP.
Financial incentives provided by governments to promote the development and use of renewable energy sources.
The degree to which a system or community is susceptible to the adverse effects of climate change, including its exposure, sensitivity, and adaptive capacity.
A state where resources are allocated in a way that maximizes the overall benefit to society, given the available resources.
The amount of greenhouse gas emissions produced per unit of economic output, often measured as emissions per unit of GDP.
Financial resources directed towards the development, deployment, and operation of renewable energy projects.
The process of adjusting to the current and future impacts of climate change, including the implementation of measures to reduce vulnerability and build resilience.
A measure of the disparity in income and wealth distribution within a society, often measured by indicators such as the Gini coefficient.
A flexible mechanism under the Kyoto Protocol that allows developed countries to invest in emission reduction projects in developing countries as a way to meet their own emission reduction targets.
The use of goods and services that meet present needs without compromising the ability of future generations to meet their own needs.
Actions taken to reduce the emission of greenhouse gases and limit the extent of climate change.
The process by which a nation improves the economic, political, and social well-being of its people, often measured by indicators such as GDP per capita.
Technologies that harness energy from renewable sources, such as solar panels, wind turbines, and hydroelectric power plants.
Government actions and regulations aimed at addressing the causes and impacts of climate change, including mitigation and adaptation measures.
Costs or benefits that are not accounted for in the market price of a good or service, resulting in an inefficient allocation of resources.
The rejection or skepticism of the scientific consensus on climate change and its human-caused origins.
Financial rewards or penalties designed to promote the development and use of renewable energy sources.
Efforts to increase public awareness and understanding of climate change and its impacts, often through formal and informal educational programs.
An analysis of the economic consequences of a particular event, policy, or project, often conducted to inform decision-making.
The process of conveying information about climate change to individuals, communities, and decision-makers in a clear and effective manner.
The construction and analysis of mathematical or computational models to simulate and predict economic behavior and outcomes.
The questioning or doubt of the scientific consensus on climate change and its human-caused origins.
Tools and measures used by governments to influence economic behavior and achieve specific policy objectives, such as carbon taxes and subsidies.
The ability of a system or community to withstand and recover from the impacts of climate change, including its adaptive capacity and flexibility.
A period of temporary economic decline characterized by a decrease in GDP, income, employment, and trade.
The study of the Earth's climate system, including the causes and consequences of climate change, as well as the development of climate models and projections.
Government policies and measures aimed at boosting economic activity and promoting economic growth during periods of recession or stagnation.
The process of developing strategies and actions to reduce vulnerability and build resilience to the impacts of climate change.
The ability of an economy to support current and future generations by using resources efficiently, promoting social well-being, and protecting the environment.
The assessment of the effectiveness, efficiency, and equity of climate change policies and measures.
The structure and organization of an economy, including the production, distribution, and consumption of goods and services.