How can technology help mitigate the effects of climate change?
What will be an ideal response?
Although the discussion on reducing atmospheric carbon concentration needs to focus on whether taxes, direct regulation, or cap-and-trade schemes should be used, technological change in the energy sector is likely to be the most central pillar of the economics of climate change. Shifting to clean energy requires the development of technology and the implementation of alreadydiscovered but not yet commercialized technologies. With technological progress, reductions in carbon emissions that would not have been cost effective with our given state of technology could become feasible. Furthermore, we may not need to rely as much on a carbon tax or cap-and-trade provided that the development of new environmentallyfriendly technologies can be encouraged.
A-head: ECONOMICS OF CLIMATE CHANGE
Concept: Technology and Climate Change
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Compared to England, the 19th century American manufacturing labor force was:
a. less likely to unionize. b. less mobile. c. less accepting of technological change in the workplace. d. less productive.
Over the last several decades, the amount of government investment in U.S. infrastructure in real terms has: a. remained the same
b. decreased. c. increased marginally. d. increased substantially.