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Integrated Assessment Modelling
Integrated assessment modelling (IAM) or integrated modelling (IM) is a term used for a type of scientific modelling that tries to link main features of society and economy with the biosphere and atmosphere into one modelling framework. The goal of integrated assessment modelling is to accommodate informed policy-making, usually in the context of climate change though also in other areas of human and social development. While the detail and extent of integrated disciplines varies strongly per model, all climatic integrated assessment modelling includes economic processes as well as processes producing greenhouse gases. Other integrated assessment models also integrate other aspects of human development such as education, health, infrastructure, and governance. These models are integrated because they span multiple academic disciplines, including economics and climate science and for more comprehensive models also energy systems, land-use change, agriculture, infrastructure, confli ...
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IPCC Fifth Assessment Report
The Fifth Assessment Report (AR5) of the United Nations Intergovernmental Panel on Climate Change (IPCC) is the fifth in a series of such reports and was completed in 2014.IPCC (2014The IPCC’s Fifth Assessment Report (AR5) leaflet/ref> As had been the case in the past, the outline of the AR5 was developed through a scoping process which involved climate change experts from all relevant disciplines and users of IPCC reports, in particular representatives from governments. Governments and organizations involved in the Fourth Report were asked to submit comments and observations in writing with the submissions analysed by the panel. Projections in AR5 are based on " Representative Concentration Pathways" (RCPs). The RCPs are consistent with a wide range of possible changes in future anthropogenic greenhouse gas emissions. Projected changes in global mean surface temperature and sea level are given in the main RCP article. AR5 followed the same general format as of AR4, with t ...
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MAgPIE
Magpies are birds of the Corvidae family. Like other members of their family, they are widely considered to be intelligent creatures. The Eurasian magpie, for instance, is thought to rank among the world's most intelligent creatures, and is one of the few non-mammal species able to recognize itself in a mirror test. They are particularly well known for their songs and were once popular as cagebirds. In addition to other members of the genus '' Pica'', corvids considered as magpies are in the genera '' Cissa'', ''Urocissa'', and '' Cyanopica''. Magpies of the genus ''Pica'' are generally found in temperate regions of Europe, Asia, and western North America, with populations also present in Tibet and high-elevation areas of Kashmir. Magpies of the genus ''Cyanopica'' are found in East Asia and the Iberian Peninsula. The birds called magpies in Australia are, however, not related to the magpies in the rest of the world. Name References dating back to Old English call the bird a ...
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Environmental Science
Environmental science is an interdisciplinary academic field that integrates physics, biology, and geography (including ecology, chemistry, plant science, zoology, mineralogy, oceanography, limnology, soil science, geology and physical geography, and atmospheric science) to the study of the environment, and the solution of environmental problems. Environmental science emerged from the fields of natural history and medicine during the Enlightenment. Today it provides an integrated, quantitative, and interdisciplinary approach to the study of environmental systems. Environmental studies incorporates more of the social sciences for understanding human relationships, perceptions and policies towards the environment. Environmental engineering focuses on design and technology for improving environmental quality in every aspect. Environmental scientists seek to understand the earth’s physical, chemical, biological, and geological processes, and to use that knowledge to und ...
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Climate Change Policy
The politics of climate change results from different perspectives on how to respond to climate change. Global warming is driven largely by the emissions of greenhouse gases due to human economic activity, especially the burning of fossil fuels, certain industries like cement and steel production, and land use for agriculture and forestry. Since the Industrial Revolution, fossil fuels have provided the main source of energy for economic and technological development. The centrality of fossil fuels and other carbon-intensive industries has resulted in much resistance to climate friendly policy, despite widespread scientific consensus that such policy is necessary. Climate change first emerged as a political issue in the 1970s. Efforts to mitigate climate change have been prominent on the international political agenda since the 1990s, and are also increasingly addressed at national and local level. Climate change is a complex global problem. Greenhouse gas (GHG) emissions ...
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Nicholas Stern
Nicholas Herbert Stern, Baron Stern of Brentford, (born 22 April 1946 in Hammersmith) is a British economist, banker, and academic. He is the IG Patel Professor of Economics and Government and Chair of the Grantham Research Institute on Climate Change and the Environment at the London School of Economics (LSE), and 2010 Professor of Collège de France. He was President of the British Academy from 2013 to 2017, and was elected Fellow of the Royal Society in 2014. Education After attending Latymer Upper School, Stern studied the Mathematical Tripos and was awarded a Bachelor of Arts degree in maths at Peterhouse, Cambridge in 1967. His doctorate in economics (DPhilEcon) at Nuffield College, Oxford, with thesis on the rate of economic development and the theory of optimum planning in 1971 was supervised by James Mirrlees, winner of 1996's Nobel Prize in Economics. Career and research 1970–2007 He was a lecturer at the University of Oxford from 1970 to 1977 and served a ...
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Sustainable Development Goals
The Sustainable Development Goals (SDGs) or Global Goals are a collection of 17 interlinked objectives designed to serve as a "shared blueprint for peace and prosperity for people and the planet, now and into the future".United Nations (2017) Resolution adopted by the General Assembly on 6 July 2017, Work of the Statistical Commission pertaining to the 2030 Agenda for Sustainable DevelopmentA/RES/71/313) The goals are: No poverty, zero hunger, good health and well-being, quality education, gender equality, clean water and sanitation, affordable and clean energy, decent work and economic growth, industry, innovation and infrastructure, Reduced Inequality, Sustainable Cities and Communities, Responsible Consumption and Production, Climate Action, Life Below Water, Life On Land, Peace, Justice, and Strong Institutions, Partnerships for the Goals. The SDGs emphasize the interconnected environmental, social and economic aspects of sustainable development by putting sus ...
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Climate Change Policy Of The United States
The climate change policy of the United States has major impacts on global climate change and global climate change mitigation. This is because the United States is the second largest emitter of greenhouse gasses in the world after China, and is among the countries with the highest greenhouse gas emissions per person in the world. In total, the United States has emitted over 400 billion metric tons of greenhouse gasses, more than any country in the world. Climate change policy is developed at the local, state ,and federal levels of government. Global climate change was first addressed in United States policy beginning in the early 1950s. The Environmental Protection Agency (EPA) defines climate change as "any significant change in the measures of climate lasting for an extended period of time." Essentially, climate change includes major changes in temperature, precipitation, or wind patterns, as well as other effects, that occur over several decades or longer. The policy wi ...
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Carbon Tax
A carbon tax is a tax levied on the carbon emissions required to produce goods and services. Carbon taxes are intended to make visible the "hidden" social costs of carbon emissions, which are otherwise felt only in indirect ways like more severe weather events. In this way, they are designed to reduce carbon dioxide ( ) emissions by increasing prices of the fossil fuels that emit them when burned. This both decreases demand for goods and services that produce high emissions and incentivizes making them less carbon-intensive. In its simplest form, a carbon tax covers only CO2 emissions; however, it could also cover other greenhouse gases, such as methane or nitrous oxide, by taxing such emissions based on their CO2-equivalent global warming potential. When a hydrocarbon fuel such as coal, petroleum, or natural gas is burned, most or all of its carbon is converted to . Greenhouse gas emissions cause climate change, which damages the environment and human health. This negative ex ...
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Market Failure
In neoclassical economics, market failure is a situation in which the allocation of goods and services by a free market is not Pareto efficient, often leading to a net loss of economic value. Market failures can be viewed as scenarios where individuals' pursuit of pure self-interest leads to results that are not efficient – that can be improved upon from the societal point of view.Paul Krugman and Robin Wells (2006). ''Economics'', New York, Worth Publishers. The first known use of the term by economists was in 1958, Francis M. Bator (1958). "The Anatomy of Market Failure," ''Quarterly Journal of Economics'', 72(3) pp351–379(press +). but the concept has been traced back to the Victorian philosopher Henry Sidgwick.Steven G. Medema (2007). "The Hesitant Hand: Mill, Sidgwick, and the Evolution of the Theory of Market Failure," ''History of Political Economy'', 39(3), p. 331��358. 200Online Working Paper. Market failures are often associated with public goods, time-inconsiste ...
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Negative Externality
In economics, an externality or external cost is an indirect cost or benefit to an uninvolved third party that arises as an effect of another party's (or parties') activity. Externalities can be considered as unpriced goods involved in either consumer or producer market transactions. Air pollution from motor vehicles is one example. The cost of air pollution to society is not paid by either the producers or users of motorized transport to the rest of society. Water pollution from mills and factories is another example. All consumers are all made worse off by pollution but are not compensated by the market for this damage. A positive externality is when an individual's consumption in a market increases the well-being of others, but the individual does not charge the third party for the benefit. The third party is essentially getting a free product. An example of this might be the apartment above a bakery receiving the benefit of enjoyment from smelling fresh pastries every mornin ...
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Social Cost Of Carbon
The social cost of carbon (SCC) is the marginal cost of the impacts caused by emitting one extra tonne of greenhouse gas (carbon dioxide equivalent) at any point in time, inclusive of 'non-market' impacts on the environment and human health. The purpose of putting a price on a ton of emitted is to aid policymakers or other legislators in evaluating whether a policy designed to curb climate change is justified. The social cost of carbon is a calculation focused on taking corrective measures on climate change which can be deemed a form of market failure. Latest studies calculate costs of more than US$300 per ton of (/t). The Intergovernmental Panel on Climate Change suggested that a carbon price from $135 to $5,500/t in 2030, and from $245 to $13,000 in 2050 (2010 US dollars), would be needed to drive carbon emissions to stay below the 1.5 °C limit. Calculating Calculating the SCC requires estimating the impacts of climate change. This includes impacts on human health, a ...
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Agent-based Model
An agent-based model (ABM) is a computational model for simulating the actions and interactions of autonomous agents (both individual or collective entities such as organizations or groups) in order to understand the behavior of a system and what governs its outcomes. It combines elements of game theory, complex systems, emergence, computational sociology, multi-agent systems, and evolutionary programming. Monte Carlo methods are used to understand the stochasticity of these models. Particularly within ecology, ABMs are also called individual-based models (IBMs). A review of recent literature on individual-based models, agent-based models, and multiagent systems shows that ABMs are used in many scientific domains including biology, ecology and social science. Agent-based modeling is related to, but distinct from, the concept of multi-agent systems or multi-agent simulation in that the goal of ABM is to search for explanatory insight into the collective behavior of agents obe ...
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