economy

Reconsidering the economic implications of climate change

How much will it cost to implement plans to mitigate climate change? And if we don’t implement changes, what will the cost of climate change be?

The U.S. and much of the Western world have a dirty secret.

While we claim to be working diligently to decrease our emissions and switch to cleaner, non-fossil fuel energies, we are actually just exporting emissions to other countries, most notably China. We don’t talk about it. We get on our soapboxes at international meetings and claim to be making great progress to halt ever-increasing carbon dioxide concentrations in the atmosphere. And we complain vociferously about developing countries — again, most notably China — not doing the same.

When measured in terms of annual Gross Domestic Product, or GDP, the United States is the richest country in the world, followed at a distance by China and Japan, and then several European countries, including Germany, France and the United Kingdom. The GDP — the value of all final goods and services produced in a country during a given year — is a simple computation that allows a direct comparison of wealth between countries.

Tomorrow’s agriculture is facing an immense challenge. By 2050, the world’s population will reach somewhere between 9 billion and 10 billion people, and a greater proportion of those people will be enjoying a richer diet than today’s population. That means farmers will have to grow twice as much food. The world has already witnessed a preview of what might happen if large populations don’t receive an adequate supply of food: They do not accept their fates passively.

To say that things are changing in Sudan would be an understatement. With a referendum on secession set for Jan. 9, and expected to pass, and many issues to be negotiated between now and July 9 when the country’s peace agreement ends, a lot will change over the coming months. And everything hinges on Sudan’s most valuable product: oil.

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