Environmental economics is a branch of #economics that focuses on the relationship between the economy and the #environment . It seeks to understand and analyse how human activities impact the natural environment and how the environment, in turn, affects economic systems. Environmental economics aims to provide insights and tools for addressing environmental challenges and achieving #sustainabledevelopment . In this blog post, we will focus on the working of sustainable #green economics with amendments emphasising the overall development of the world. In 2000, #climatechange had not gained the attention and urgency as today. In 2023, environmental economics is focused on understanding and addressing the economic implications of climate change, including the costs of mitigation and adaptation measures, #carboncredits , and the valuation of ecosystem services affected by climate change. After so many initiatives taken by various organisations, there is still a gap in the #emissionstr
After Heat Wave - Still No Sustainability After recent significant heat waves and their consequent outcomes in the weather trends, there is still a need for the adoption of sustainable measures. This post will focus on the effects of human activities on the energy cycle of the earth. The most immediate fix is the best option but for the short term only. Now, the time has come to achieve the long-term goals by imposing stringent policies. Source: University of Bristol Recent studies estimate that the world will add about 1 billion Air Conditioners (ACs) by the end of 2030, and projected to nearly double before 2040. This expansion of AC coverage threatens to worsen the crisis it's responding to, as most ACs still use refrigerants like Hydro Fluoro Carbons (HFCs), which can have 1,000 times the warming potency of Carbon Dioxide (CO2). Further, various studies estimate that if the world fails to lower, the dependence on HFCs could result in half a degree Celsius of warming by the end