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Introduction: Special Issue on ‘Macroeconomics of Climate Change’

Holland, Dawn, Kucuk, Hande, Leon-Ledesma, Miguel A. (2021) Introduction: Special Issue on ‘Macroeconomics of Climate Change’. National Institute Economic Review, 258 . pp. 9-11. ISSN 0027-9501. (doi:10.1017/nie.2021.40) (KAR id:92577)


Climate change is one of the most serious risks facing humanity. Temperature rises can lead to catastrophic climate and natural events that threaten livelihoods. From rising sea levels to flooding, bush fires, extreme temperatures and droughts, the economic and human cost is too large to ignore. More than 190 world leaders got together in Glasgow during November 2021 at the UN’s COP26 climate change summit to discuss progress on the Paris Agreement (COP21) and to agree on new measures to limit global warming. In Paris, countries agreed to limit global warming to well below 2° and aim for 1.5° as well as to adapt to the impacts of a changing climate and raise the necessary funding to deliver on these aims. However, actions to date were not nearly enough as highlighted by the IPCC (2018) special report. The world is still on track to reach warming above 3° by 2100. As evident from figure 1, global temperatures have been on a steadily increasing path since the start of the 20th century and this process has substantially accelerated since the beginning of the 1980s. This has been unevenly distributed, with temperatures in the Northern hemisphere being a full 1°C higher than for the 1961–1990 average, whilst temperatures in the Southern hemisphere have increased by almost 0.5°C.

Item Type: Article
DOI/Identification number: 10.1017/nie.2021.40
Subjects: H Social Sciences > HB Economic Theory
Divisions: Divisions > Division of Human and Social Sciences > School of Economics
Depositing User: Miguel Leon-Ledesma
Date Deposited: 07 Jan 2022 10:17 UTC
Last Modified: 27 Jan 2022 10:57 UTC
Resource URI: (The current URI for this page, for reference purposes)

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Leon-Ledesma, Miguel A..

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