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Economic analysis of climate change is about using economic tools and models to calculate the magnitude and distribution of damages caused by climate change. It can also give guidance for the best policies for mitigation and adaptation to climate change from an economic perspective. There are many economic models and frameworks.
A semi-arid climate, semi-desert climate, or steppe climate is a dry climate sub-type. It is located on regions that receive precipitation below potential evapotranspiration, but not as low as a desert climate. There are different kinds of semi-arid climates, depending on variables such as temperature, and they give rise to different biomes .
A third letter can be included to indicate temperature. Here, h signifies low-latitude climates (average annual temperature above 18 °C (64.4 °F)) while k signifies middle-latitude climates (average annual temperature less than 18 °C). In addition, n is used to denote a climate characterized by frequent fog and H for high altitudes.
The Economist Intelligence Unit produces a semi-annual (twice yearly) worldwide cost of living survey that compares more than 400 individual prices across 160 products and services. They include food , drink, clothing, household supplies and personal care items, home rents, transport, utility bills, private schools, domestic help and ...
Renewable energy (or green energy) is energy from renewable natural resources that are replenished on a human timescale. The most widely used renewable energy types are solar energy, wind power and hydropower. Bioenergy and geothermal power are also significant in some countries. Some also consider nuclear power a renewable power source ...
Energy economics is a broad scientific subject area which includes topics related to supply and use of energy in societies. Considering the cost of energy services and associated value gives economic meaning to the efficiency at which energy can be produced. [2]
In economics, a public good (also referred to as a social good or collective good) [1] is a good that is both non-excludable and non-rivalrous. Use by one person neither prevents access by other people, nor does it reduce availability to others. [1] Therefore, the good can be used simultaneously by more than one person. [2]
A diurnal cycle (or diel cycle) is any pattern that recurs every 24 hours as a result of one full rotation of the planet Earth around its axis. [1] Earth's rotation causes surface temperature fluctuations throughout the day and night, as well as weather changes throughout the year. The diurnal cycle depends mainly on incoming solar radiation.