The problem of climate change cannot be underestimated, as it is one of the pressing concerns of our lifetime. This chapter demonstrates how Climate change has attracted considerable interest at both the global and national levels in recent years. The observed presence of climatic change has prompted researchers to employ models, primarily econometric approaches, to forecast the impact of climatic change on economic growth, particularly in developing countries. Despite numerous empirical studies that estimate the impacts of climate change on economic growth, knowledge gaps remain regarding the characteristics of these estimated impacts. Critically, most estimations depend heavily on the characteristics of the data and the specific regions in which they are conducted. These studies, in relation to country-specific levels, mainly focus on macroeconomic measures, while microeconomic estimates connected to both climate change damages and economic resilience are in short supply. Despite the problems associated with estimating the economic impacts of climate change, several factors contribute to or influence these impacts. In an ideal world, normal economic systems are efficient, environmentally protective, resilient, and can fully support sustainable development outcomes, regardless of their formal states. Resilience is a crucial concept in the study of various natural and socio-economic systems. To economists, resilience means the contribution of economics and economic systems to the conservation and preservation of human, built, and natural capital.

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Climate Change and Resilience Using a Sustainable Development Perspective

  • Wasswa Shafik

摘要

The problem of climate change cannot be underestimated, as it is one of the pressing concerns of our lifetime. This chapter demonstrates how Climate change has attracted considerable interest at both the global and national levels in recent years. The observed presence of climatic change has prompted researchers to employ models, primarily econometric approaches, to forecast the impact of climatic change on economic growth, particularly in developing countries. Despite numerous empirical studies that estimate the impacts of climate change on economic growth, knowledge gaps remain regarding the characteristics of these estimated impacts. Critically, most estimations depend heavily on the characteristics of the data and the specific regions in which they are conducted. These studies, in relation to country-specific levels, mainly focus on macroeconomic measures, while microeconomic estimates connected to both climate change damages and economic resilience are in short supply. Despite the problems associated with estimating the economic impacts of climate change, several factors contribute to or influence these impacts. In an ideal world, normal economic systems are efficient, environmentally protective, resilient, and can fully support sustainable development outcomes, regardless of their formal states. Resilience is a crucial concept in the study of various natural and socio-economic systems. To economists, resilience means the contribution of economics and economic systems to the conservation and preservation of human, built, and natural capital.