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Others, like Stern, propose a much smaller discount rate because "normal" discount rates are skewed when applied over the time scales over which climate change acts. A 2015 survey of 1,100 economists who had published on climate change found that those who estimated discount rates preferred that they decline over time and that explicit ethical ...
Climate change is expected to raise temperatures in South Africa by 2-3 degrees Celsius by mid-century, and 3-4 degrees Celsius by the end of the century in an intermediate scenario. [3] Impacts will also include changing rain patterns and increased evaporation, increasing the likelihood of extreme droughts. [3]
The discount rates used in assessing private projects were found to be higher – with potential rates of between 10% and 25%. When deciding how to discount future climate change impacts, value judgements are necessary (Arrow et al., 1996b:130).
Economic analysis of climate change is about using economic tools and models to calculate the magnitude and distribution of damages caused by climate change. It can also give guidance for the best policies for mitigation and adaptation to climate change from an economic perspective. There are many economic models and frameworks.
The TCRE can be calculated based on a formula for the ratio of temperature change to cumulative carbon emissions (measured as CO 2 ), which is the net carbon remaining in the atmosphere after accounting for relevant sources and sinks. [6] As a measure of atmospheric carbon change, the TCRE parameterizes how sensitive the climate is to carbon ...
The Stern Review on the Economics of Climate Change is a 700-page report released for the Government of the United Kingdom on 30 October 2006 by economist Nicholas Stern, chair of the Grantham Research Institute on Climate Change and the Environment at the London School of Economics (LSE) and also chair of the Centre for Climate Change Economics and Policy (CCCEP) at Leeds University and LSE.
Climate change in Africa. Graph showing temperature change in Africa between 1901 and 2021, with red colour being warmer and blue being colder than average (the average temperature during 1971–2000 is taken as the reference point for these changes). Climate change in Africa is an increasingly serious threat as Africa is among the most ...
The decision to establish South Africa's climate change commission was a resolution taken at the Presidential Health Summit held on 19 and 20 October 2018 in Boksburg, Gauteng. The commission is tasked with overseeing a just transition to a low-carbon. The commission meets quarterly to have its ad hoc groups giving reports to Ramaphosa on progress.