Carbon pricing means putting a price on carbon emissions to mitigate global climate change. A carbon tax is a form of carbon pricing. Another option is a permit-based emissions trading system (ETS). The European Union created the EU ETS, the world’s first major carbon market on which companies are allowed a limited number of emission permits. It helped the EU put a cap on the level of greenhouse gas emissions.
When we talk about a paradigm shift, we are talking about a complete reimagining of the systems that exist: social, economic and environmental. We, Young Global Changers participating in the summit, were both surprised and somewhat disappointed at the lack of discourse concerning the circular economy, a system that emanates paradigm change.
Before you can prevent something, you need to predict it. Meaning, you always need a good forecast of a future situation in order to know if and which preventive mesaures are needed. This is also true for health care. In West Africa predictive models have effectively been used for disease outbreaks such as the Ebola outbreak in 2014.
Turning waste into value is a challenge many industries and corporations face in their attempts to be more sustainable. A circular economy goes one step further and aims to increase efficiency of primary resource consumption by maximizing the life cycle of (raw) materials, redefining growth and thereby decoupling economic activity from the consumption of finite resources.
It is a grim time for women’s reproductive rights. Still today in the 21st century, legal, political and cultural institutions shape a woman’s ability to exercise her sexual and reproductive rights. In the United States, the question of whether the last abortion clinics in the state of Louisiana could remain open went all the way to the Supreme Court. Meanwhile, in Buenos Aires, the Senate very narrowly rejected a landmark bill that would legalize abortion in the first 14 weeks of pregnancy.
In the US, the richest one percent benefited the most from the economic growth in the last decades, wrote Nicholas Buffie on the Center for Economic and Policy Research Blog. The remaining 99 percent experienced an erosion of worker rights, weakened public services, unequal pay and other inequalities.
Women contribute to the economy and to society; however, their contributions are not fully recognized. One reason is due to a lack of accurate measuring. Without appropriate data, women’s contributions become invisible, making it difficult for policy to address gender gaps and promote women’s rights. This was the topic of the T20 Task Force panel, “Promoting Women’s Economic Empowerment: Strengthening Measurement to Deepen Impact.”
The broad generalization often made about trade is that it can make everybody better off. This economic principle is popularly proclaimed in the introduction to an economics textbook by Mankiw and Taylor, and therefore taught to many, if not all, students attending introductory courses in economics.