Effects of climate change on oceansThere are many effects of climate change on oceans. One of the main ones is an increase inocean temperatures. More frequent marine heatwaves are linked to this. The rising temperature contributes to a rise in sea levels. Other effects include ocean acidification, sea ice decline, increased ocean stratification and reductions in oxygen levels. Changes to ocean currents including a weakening of the Atlantic meridional overturning circulation are another important effect. All these changes have knock-on effects which disturb marine ecosystems.
Climate change adaptationClimate change adaptation is the process of adjusting to the effects of climate change. These can be both current or expected impacts. Adaptation aims to moderate or avoid harm for people. It also aims to exploit opportunities. Humans may also intervene to help adjustment for natural systems. There are many adaptation strategies or options.They can help manage impacts and risks to people and nature. We can classify adaptation actions in four ways. These are infrastructural and technological; institutional; behavioural and cultural; and nature-based options.
Computable general equilibriumComputable general equilibrium (CGE) models are a class of economic models that use actual economic data to estimate how an economy might react to changes in policy, technology or other external factors. CGE models are also referred to as AGE (applied general equilibrium) models. A CGE model consists of equations describing model variables and a database (usually very detailed) consistent with these model equations. The equations tend to be neoclassical in spirit, often assuming cost-minimizing behaviour by producers, average-cost pricing, and household demands based on optimizing behaviour.
Dynamic stochastic general equilibriumDynamic stochastic general equilibrium modeling (abbreviated as DSGE, or DGE, or sometimes SDGE) is a macroeconomic method which is often employed by monetary and fiscal authorities for policy analysis, explaining historical time-series data, as well as future forecasting purposes. DSGE econometric modelling applies general equilibrium theory and microeconomic principles in a tractable manner to postulate economic phenomena, such as economic growth and business cycles, as well as policy effects and market shocks.
Developing countryA developing country is a sovereign state with a less developed industrial base and a lower Human Development Index (HDI) relative to other countries. However, this definition is not universally agreed upon. There is also no clear agreement on which countries fit this category. The terms low and middle-income country (LMIC) and newly emerging economy (NEE) are often used interchangeably but refers only to the economy of the countries.
Comparative advantageIn an economic model, agents have a comparative advantage over others in producing a particular good if they can produce that good at a lower relative opportunity cost or autarky price, i.e. at a lower relative marginal cost prior to trade. Comparative advantage describes the economic reality of the work gains from trade for individuals, firms, or nations, which arise from differences in their factor endowments or technological progress.
Impacts of tourismTourism impacts tourist destinations in both positive and negative ways, encompassing economic, socio-cultural, and environmental dimensions. The traditionally-described domains of tourism impacts are economic, socio-cultural, and environmental. The economic effects of tourism encompass improved tax revenue, personal income growth, enhanced living standards, and the creation of additional employment opportunities. Sociocultural impacts are associated with interactions between people with differing cultural backgrounds, attitudes and behaviors, and relationships to material goods.
Effects of climate change on small island countriesThe effect of climate change on small island countries can be extreme because of low-lying coasts, relatively small land masses, and exposure to extreme weather. The effects of climate change, particularly sea level rise and increasingly intense tropical cyclones, threaten the existence of many island countries, island peoples and their cultures, and will alter their ecosystems and natural environments. Several Small Island Developing States (SIDS) are among the most vulnerable nations to climate change.
Economic analysis of climate changeThe economic analysis of climate change explains how economic thinking, tools and techniques are applied to calculate the magnitude and distribution of damage caused by climate change. It also informs the policies and approaches for mitigation and adaptation to climate change from global to household scales. This topic is also inclusive of alternative economic approaches, including ecological economics and degrowth. Economic analysis of climate change is considered challenging as it is a long-term problem and has substantial distributional issues within and across countries.
Effects of climate change on the water cycleThe effects of climate change on the water cycle are profound and have been described as an intensification or a strengthening of the water cycle (also called hydrologic cycle). This effect has been observed since at least 1980. One example is the intensification of heavy precipitation events. This has important negative effects on the availability of freshwater resources, as well as other water reservoirs such as oceans, ice sheets, atmosphere and land surface.
