SOLUTION: University of California Berkeley Economics of Climate Change Essay

Attached. Please let me know if you have any questions or need revisions.1Economics of Climate Change – OutlineStudents NameInstitution AffiliationCourse Name: Course CodeInstructor’s NameDue Date2✓✓✓✓✓✓Economics of Climate Change – OutlineEconomics of Climate ChangeStatement of Economic QuestionPositive Economic AnalysisStatement of Relevant Economic ConceptsNormative Economic AnalysisReferences1Economics of Climate ChangeStudents NameInstitution AffiliationCourse Name: Course CodeInstructor’s NameDue Date2Economics of Climate ChangeGreenhouse gas emissions comprise some of the primary triggers of climate changeglobally. With gases such as sulphur and carbon monoxide, the atmosphere’s ozone layerencounters adverse changes. The compound’s depletion enhances shifting climatic patterns withrising temperatures that cause glaciers’ melting (Gillingham & Stock, 2018). Such outcomesexplain why governments strive to minimize carbon emissions into the atmosphere. Arguably,some adopted carbon tax policies, whereas others stressed green economies that utilizedrenewable energy sources. Economists analyze the interventions from an economic perspectivewith emphasis on cost-effective methods of curbing emissions. Within his article, KennethGillingham stresses the calculation of dynamic and static costs to enhance long-term investments(Gillingham & Stock, 2018). Teams spend on methods that minimize atmospheric greenhousegas pollutants in the long-term. The paper explores the author’s ideas through currenttechnologies to curb the menace, methodological challenges, cost calculation issues, researchfindings, and the research question significance.Statement of Economic QuestionThe research article aimed at reviewing the costs of various technologies and actionstaken to reduce the rate of greenhouse gas emissions. Ideally, the author utilized dynamic andstatic cost calculations to evaluate the efficacy of the technology. Reading the article proved thattechnology was crucial in countering greenhouse gas pollutants (Gillingham & Stock, 2018).Furthermore, it reduced the overall rates of spending. The total expenditures and reductionsformed the primary benchmar…

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