The document discusses economist Nicholas Stern's views on valuing the natural world and addressing climate change. It notes that Stern sees climate change as an economic risk that was underestimated in his prior reports. Stern argues that the costs of inaction on climate change far outweigh the costs of action, and that a transition to a low-carbon economy could have significant economic benefits. The document also discusses the challenges of putting a monetary value on natural systems and biodiversity.
We think we understand environmental damage: pollution, water scarcity, a warming world. But these problems are just the tip of the iceberg. Deeper issues include food insecurity, financial assets drained of value by environmental damage, and a rapid rise in diseases of animal origin. These and other problems are among the underreported consequences of an unsustainable global system.
In State of the World 2015, the flagship publication of the Worldwatch Institute, experts explore hidden threats to sustainability and how to address them. Eight key issues are addressed in depth, along with the central question of how we can develop resilience to these and other shocks. With the latest edition of State of the World, the authorities at Worldwatch bring to light challenges we can no longer afford to ignore.
From the Economy of the Us to the Green Economyijtsrd
We are at an unprecedented historical moment where three crises converge economic, energy and ecological. Unemployment, climate change, loss of biodiversity, overexploitation of resources, social inequality, price volatility of raw materials, and the more than expected rise in the price of energy are sources of instability for our society. In the current context, the only way to guarantee the well being of citizens is to reduce vulnerability to the shocks derived from the triple crisis. Abdunazarov Saidahmad "From the Economy of the U's to the Green Economy" Published in International Journal of Trend in Scientific Research and Development (ijtsrd), ISSN: 2456-6470, Volume-4 | Issue-4 , June 2020, URL: https://www.ijtsrd.com/papers/ijtsrd31239.pdf Paper Url :https://www.ijtsrd.com/management/business-economics/31239/from-the-economy-of-the-us-to-the-green-economy/abdunazarov-saidahmad
YOUR COLOUR IS GREEN - PAPER OF LUISA VINCIGUERRA ITALYLuisa Vinciguerra
WOMEN IN THE GREEN ECONOMY. ROLE AND PROMOTION STRATEGIES OF INNER WHEEL, is the title of the Paper of Luisa Vinciguerra, connected with the Power Point Presentation.
This work builds on sociological research in Chile about the elites and their attitudes towards climate change. In the first part we analyze the social and political context of the debate on CC. In the second part we analyze new elites and their attitudes toward the environment in Latin America and Chile. Then we present the main results of our research and discussion.
We think we understand environmental damage: pollution, water scarcity, a warming world. But these problems are just the tip of the iceberg. Deeper issues include food insecurity, financial assets drained of value by environmental damage, and a rapid rise in diseases of animal origin. These and other problems are among the underreported consequences of an unsustainable global system.
In State of the World 2015, the flagship publication of the Worldwatch Institute, experts explore hidden threats to sustainability and how to address them. Eight key issues are addressed in depth, along with the central question of how we can develop resilience to these and other shocks. With the latest edition of State of the World, the authorities at Worldwatch bring to light challenges we can no longer afford to ignore.
From the Economy of the Us to the Green Economyijtsrd
We are at an unprecedented historical moment where three crises converge economic, energy and ecological. Unemployment, climate change, loss of biodiversity, overexploitation of resources, social inequality, price volatility of raw materials, and the more than expected rise in the price of energy are sources of instability for our society. In the current context, the only way to guarantee the well being of citizens is to reduce vulnerability to the shocks derived from the triple crisis. Abdunazarov Saidahmad "From the Economy of the U's to the Green Economy" Published in International Journal of Trend in Scientific Research and Development (ijtsrd), ISSN: 2456-6470, Volume-4 | Issue-4 , June 2020, URL: https://www.ijtsrd.com/papers/ijtsrd31239.pdf Paper Url :https://www.ijtsrd.com/management/business-economics/31239/from-the-economy-of-the-us-to-the-green-economy/abdunazarov-saidahmad
YOUR COLOUR IS GREEN - PAPER OF LUISA VINCIGUERRA ITALYLuisa Vinciguerra
WOMEN IN THE GREEN ECONOMY. ROLE AND PROMOTION STRATEGIES OF INNER WHEEL, is the title of the Paper of Luisa Vinciguerra, connected with the Power Point Presentation.
This work builds on sociological research in Chile about the elites and their attitudes towards climate change. In the first part we analyze the social and political context of the debate on CC. In the second part we analyze new elites and their attitudes toward the environment in Latin America and Chile. Then we present the main results of our research and discussion.
Leyendo el texto completo, responda:
1) ¿Cuál es el problema que aborda la economía ecológica?
2) ¿Cuál es el asunto primario bajo el paradigma de administración de la economía ecológica?
Puede responder en inglés o español.
I have an interest in the world of insurance, which is a far more comprehensive and intricate industry than suggested by domestic insurers’ multi-policy discounts and the like.
In fact, commerce and industry in general would not operate without the insurance mechanism to support it.
Risk management is a related discipline, consisting of insurance (within its "risk transfer" component) and many other elements.
I also have a keen interest in climate change, and have felt for some time that its near-term and longer-term impacts are not fully appreciated by various major participants in the insurance industry. For that reason, I have developed this presentation, which I will soon expand into a more comprehensive discussion paper:
Impact of climate change on rural householdsM S Siddiqui
Climate victims are paying extra amount from their limited resources to face the challenge or migrating to city for livelihood. Government intervention is needed to ensure greater coverage of the rural poor by formal financial institutions and NGOs to provide low-interest loans for disaster-risk reduction and climate adaptation.
Social Protection and Climate Resilience: A Review Of Sub-Saharan African Cas...Agriculture Journal IJOEAR
— Social protection is mainly used for assisting the most vulnerable in the area of poverty reduction. However, international development scholars are arguing that social protection aside impacting the poor can also help in climate resilience. This study examines selected case studies in the social protection and climate resilient debate in Sub-Saharan Africa. Using qualitative and quantitative approaches in data collection, the study finds that social protection through cash transfers have been able to build climate resilience among participants of the scheme. Though findings from the study were minimal, a wide range of research needs to be carried out to determine the impact of social protection on climate shocks on a broader scale.
The next global economy is emerging in a new world full of unprecedented technologies, new ideas about resources and capital, and new approaches to business. Crucially, we are also being confronted with environmental and economic challenges never before imagined. The ‘next economy’ or ‘green economy’ approach to investment management asserts that the basics of the global economy are evolving in tandem with these changes and that methods of investment management must evolve with them. Green Alpha Advisors contemplates a future economy in which the next generation of asset management must be integral to and reflective of that next economy which both functions to support the integrity of earth’s systems and also can function within earth’s tolerances and finite resource base.
To appropriately invest in this emerging, green economy, one must appreciate that the next economy is by definition not the legacy economy of previous generations, and that it therefore requires a new understanding, new definitions and a new set of rules. To some degree, this requires redefining the parameters of modern portfolio theory to reflect this new world with its technologies and challenges. This in turn requires new economic models, new portfolio construction methods, and new sector classification schemes. Green Alpha Advisors approach to all three is presented here in brief.
This is a presentation about capitalism; how it works and how it affects nature, being the principal destructor of our planet.
This work also presents ideas to stop contributing to the actual climate crisis.
***The material presented exposes the original ideas of the author***
On Sunday, the United Nations' Intergovernmental Panel on Climate Change (IPCC) released the second part in a major scientific assessment of climate change. The Report found that the effects of climate change are already visible from the tops of the highest mountains to the deep sea, and that society needs to prepare for a wide range of climate change-related threats during the next few decades.
From Economic Fantasy to Ecological Reality on Climate ChangeSteve Keen
This was an invited talk to the Oxford Department of International Development "Climate Change and the Challenges of Development Lecture Series", on my criticisms of the application of neoclassical economics to climate change. I focus on the new paper by Dietz et al. that allegedly calculates the economic costs of tipping points:
Dietz, S., J. Rising, T. Stoerk and G. Wagner (2021). "Economic impacts of tipping points in the climate system." Proceedings of the National Academy of Sciences 118(34): e2103081118. (https://www.pnas.org/content/pnas/118...)
Upon closer examination, this papers fails to consider tipping points in any credible way, and this is obvious in its incredible claim (in the original sense of the "not credible"), that:
“Tipping points reduce global consumption per capita by around 1% upon 3°C warming and by around 1.4% upon 6°C warming"
This is ridiculous: the tipping points they consider are: Arctic summer sea ice, the Greenland Ice Sheet, the West Antarctic Ice Sheet, the Atlantic Meridional Overturning Circulation (“Gulf Stream”), the Amazon Rainforest, the Indian Monsoon, Permafrost, and Ocean methane hydrates. If all 8 of these tripped--especially with a temperature 3-6°C above pre-industrial levels, we would be experiencing a climate utterly unlike anything Earth has seen for tens of millions of years.
The thought that this would just reduce global consumption by just 1.4%--compared to what it would be if none of these tipping points were triggered--doesn't pass what Nobel Laureate Robert Solow once called "the smell test": "every proposition has to pass a smell test: Does it really make sense?". I show why this paper stinks in Solow's sense.
Leyendo el texto completo, responda:
1) ¿Cuál es el problema que aborda la economía ecológica?
2) ¿Cuál es el asunto primario bajo el paradigma de administración de la economía ecológica?
Puede responder en inglés o español.
I have an interest in the world of insurance, which is a far more comprehensive and intricate industry than suggested by domestic insurers’ multi-policy discounts and the like.
In fact, commerce and industry in general would not operate without the insurance mechanism to support it.
Risk management is a related discipline, consisting of insurance (within its "risk transfer" component) and many other elements.
I also have a keen interest in climate change, and have felt for some time that its near-term and longer-term impacts are not fully appreciated by various major participants in the insurance industry. For that reason, I have developed this presentation, which I will soon expand into a more comprehensive discussion paper:
Impact of climate change on rural householdsM S Siddiqui
Climate victims are paying extra amount from their limited resources to face the challenge or migrating to city for livelihood. Government intervention is needed to ensure greater coverage of the rural poor by formal financial institutions and NGOs to provide low-interest loans for disaster-risk reduction and climate adaptation.
Social Protection and Climate Resilience: A Review Of Sub-Saharan African Cas...Agriculture Journal IJOEAR
— Social protection is mainly used for assisting the most vulnerable in the area of poverty reduction. However, international development scholars are arguing that social protection aside impacting the poor can also help in climate resilience. This study examines selected case studies in the social protection and climate resilient debate in Sub-Saharan Africa. Using qualitative and quantitative approaches in data collection, the study finds that social protection through cash transfers have been able to build climate resilience among participants of the scheme. Though findings from the study were minimal, a wide range of research needs to be carried out to determine the impact of social protection on climate shocks on a broader scale.
The next global economy is emerging in a new world full of unprecedented technologies, new ideas about resources and capital, and new approaches to business. Crucially, we are also being confronted with environmental and economic challenges never before imagined. The ‘next economy’ or ‘green economy’ approach to investment management asserts that the basics of the global economy are evolving in tandem with these changes and that methods of investment management must evolve with them. Green Alpha Advisors contemplates a future economy in which the next generation of asset management must be integral to and reflective of that next economy which both functions to support the integrity of earth’s systems and also can function within earth’s tolerances and finite resource base.
To appropriately invest in this emerging, green economy, one must appreciate that the next economy is by definition not the legacy economy of previous generations, and that it therefore requires a new understanding, new definitions and a new set of rules. To some degree, this requires redefining the parameters of modern portfolio theory to reflect this new world with its technologies and challenges. This in turn requires new economic models, new portfolio construction methods, and new sector classification schemes. Green Alpha Advisors approach to all three is presented here in brief.
This is a presentation about capitalism; how it works and how it affects nature, being the principal destructor of our planet.
This work also presents ideas to stop contributing to the actual climate crisis.
***The material presented exposes the original ideas of the author***
On Sunday, the United Nations' Intergovernmental Panel on Climate Change (IPCC) released the second part in a major scientific assessment of climate change. The Report found that the effects of climate change are already visible from the tops of the highest mountains to the deep sea, and that society needs to prepare for a wide range of climate change-related threats during the next few decades.
From Economic Fantasy to Ecological Reality on Climate ChangeSteve Keen
This was an invited talk to the Oxford Department of International Development "Climate Change and the Challenges of Development Lecture Series", on my criticisms of the application of neoclassical economics to climate change. I focus on the new paper by Dietz et al. that allegedly calculates the economic costs of tipping points:
Dietz, S., J. Rising, T. Stoerk and G. Wagner (2021). "Economic impacts of tipping points in the climate system." Proceedings of the National Academy of Sciences 118(34): e2103081118. (https://www.pnas.org/content/pnas/118...)
Upon closer examination, this papers fails to consider tipping points in any credible way, and this is obvious in its incredible claim (in the original sense of the "not credible"), that:
“Tipping points reduce global consumption per capita by around 1% upon 3°C warming and by around 1.4% upon 6°C warming"
This is ridiculous: the tipping points they consider are: Arctic summer sea ice, the Greenland Ice Sheet, the West Antarctic Ice Sheet, the Atlantic Meridional Overturning Circulation (“Gulf Stream”), the Amazon Rainforest, the Indian Monsoon, Permafrost, and Ocean methane hydrates. If all 8 of these tripped--especially with a temperature 3-6°C above pre-industrial levels, we would be experiencing a climate utterly unlike anything Earth has seen for tens of millions of years.
The thought that this would just reduce global consumption by just 1.4%--compared to what it would be if none of these tipping points were triggered--doesn't pass what Nobel Laureate Robert Solow once called "the smell test": "every proposition has to pass a smell test: Does it really make sense?". I show why this paper stinks in Solow's sense.
single platform to protect against attacks, viruses, Trojans, spyware and other malicious
threats. Complexity is reduced and management is simplified because multiple layers of protection are delivered under this single management console.
Slides from my Midwest UX 2012 presentation on new media art.
These aren't very useful without the talk - it's mostly pictures from the artists' websites. However, if you see the presentation in person some day this will be a good reference for remembering names and pieces.
There are a couple blank slides that are videos in the actual presentation.
Report climate innovation experience 23 november 2017Communenzo
An impression of the vision of our key note speakers, pitches by start-ups and students and practical examples how to realise climate and economic impact
Report climate innovation experience 23 november 2017Communenzo
Read all what we discussed during the Climate Innovation Experience on 23 November with 260 sustainable experts. About Climate Leadership and Engagement for a Climate Resilient Society
How Can We Value the Natural World_ - The Poultry Site
1. 12/9/2015 How Can We Value the Natural World? - The Poultry Site
http://www.thepoultrysite.com/articles/3562/how-can-we-value-the-natural-world/ 1/3
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Featured Articles
Dr Bob Carling writes about the influential ideas of economist Nicholas
Stern on the value that we place on biodiversity.
How do we ‘value’ the natural world, especially when we’re all faced with the
‘sixth mass extinction’ of species? For example, how can we calculate the
monetary value of species and how we pay for ‘ecosystem services’ such as
clean water provision?
With the debate buzzing, the distinguished economist, Lord Stern, has
published an important paper entitled "Economic development, climate and
values: making policy".
Mr Stern’s paper begins with: “The two defining challenges of this century are
overcoming poverty and managing climate change. We can and must rise to
them together: if we fail on one, we will fail on the other.” All of this has
important implications for those in the agricultural industry.
Climate risks 'underestimated'
Back in 2003, Tony Blair’s UK government appointed Mr Stern as a civil servant
in the Treasury. He then chaired a team on the economics of climate change,
which reported in 2006.
In this report, climate change was described as an economic risk or
‘externality’. An externality is a cost or benefit that affects a party ‘who did not
choose to incur that cost or benefit’, which thus includes such things as the cost
of the cleanup of environmental impacts.
Such highlighting of externalities was not popular with some. However, at the
World Economic Forum in Davos in January 2013, Mr Stern added that he had
in fact underestimated the risks in 2006, believing he should have been more
‘blunt’ about the threat to economies from temperature rises.
He said: "The planet and the atmosphere seem to be absorbing less carbon
than we expected, and emissions are rising pretty strongly. Some of the effects
are coming through more quickly than we thought then.”
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Which makes for uncomfortable reading. However, Mr Stern’s views must be
listened to by those making policy decisions in agriculture. The risks associated
with climate change have profound implications for those engaged in growing
food.
Costs of inaction outweigh cost of action
Estimates of the cost of mitigation need to be revised in the light of ongoing
scientific data, even if those data have elements of uncertainty.
Mr Stern’s Proceedings paper says: “The application of insights from economic
development and public policy to climate change requires rigorous analysis of
issues such as discounting, modelling the risks of unmanaged climate change,
climate policy targets and estimates of the costs of mitigation.”
His argument is: “The risks of unmanaged climate change are immense, and it
is crucial to act strongly to manage them.
"The transition to a lowcarbon economy looks to be a path of development and
growth that is very attractive in its own right: cleaner, quieter, more efficient,
less congested, less polluted, more biodiverse and so on. And in addition, and
fundamentally, it carries much less climate risk.”
However: “It does require investment and change. It will involve some
dislocation.” Moreover: “the costs of inaction are much greater than the costs of
action, on any sensible examination. And the ‘greatest market failure the world
has seen’ does require strong policy.”
Some years ago, whilst working for the publisher Chapman & Hall, I published
a book called Economics and Ecology, edited by Ed Barbier. The book
straddled the two disciplines of the ‘social sciences’ and the ‘ecological
sciences’, and addressed the vitally important crossdisciplinary debate about
how one puts a monetary value on the natural world.
It was an interesting experience getting the book proposal through an editorial
meeting – was it a science book? or was it a social science book? In reality it
was both.
At around the time of publication, with the contents of the book on my mind, I
asked an economist acquaintance about what he knew about ‘externalities’. He
confessed he knew little. That’s worrying and it seems that not much has
changed since then.
Mr Stern’s perspective is positive, however: “If we look at the issues in terms of
collaboration, dynamism and opportunity rather than division, stasis and
burden, we are much more likely to get domestic progress and international
agreement.”
Bob Carling
Bob is a freelance science writer and publisher
Further Reading
You can view the full report from Nicholas Stern by clicking here.
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