Given the complexity of economic and environmental interactions underlying the climate change issue, no one model can address all of the questions surrounding a climate change economic analysis.
The review conducted by a distinguished international panel of scientist under the auspices of the intergovernmental panel on Climate Change has determined that "the balance of evidence suggests a discernible human influence on global climate". As economists, we believe that global climate change carries with it significant environmental, economic, social, and geopolitical risks, and that preventive steps are justified. Economic studies have found that there are many potential policies to reduce greenhouse gas emissions for which the total benefits outweigh the total costs. The most efficient approach to slowing climate change is through market based policies. In order for the world to achieve its climatic objectives at minimum cost, a cooperative approach among nations is required–such as an international emissions trading agreement.
ABOUT THE AUTHOR I Sundar
Dr. I. Sunder is Senior Lecturer in Economics, Directorate of Distance Education, Annamalai University. He specializes on Environmental and Resource Economics. He has 10 years of teaching experience and his research experience spans over fifteen years.. He is a member of the Economists and the Indian Society of labour economics.
ABOUT THE AUTHOR V. Radha
Dr. V. Radha is Reader in Economics at Directorate of Distance Education, Annamalai University, Annamalainagar 608002, Tamil Nadu, India. She obtained her Masters in Economics from Madras University; M. Phil. and Ph. D. degrees from Annamalai University. She has been teaching Economics for the past 23 years. Dr. Radha began her research career working as Research Associate with the prominent demographer, Dr. S. Chandrasekhar, who was State Minister for Health in Mrs. Indira Gandhi’s cabinet; later he served as Vice-Chancellor of Annamalai University. She worked with him in two of his projects, A Demographic profile of Tamil Nadu and A Socio-Economic and Demographic Study of Nagarathar Community. Dr. Radha is a member of the Expert Committee for UNESCO Project on Integrated Human Rights Approach in Poverty Alleviation Programmes in Tamil Nadu. She is one of the editors of Quantanomics Journal published by Vivekananda College, Chennai.
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