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Economic Activity and the Greenhouse Effect

Global warming is recognized as one of the most important issues in international politics, although specialists are still uncertain about the role which various socio-economic factors play in global warming under a variety of conditions. Among the factors examined in this paper, the burning of fossil fuels bears the greatest responsibility for global CO2 emissions. Given the growth in emissions in the LDCs, global action to regulate emissions cannot be effective without their full participation and therefore north-south problems need to be addressed simultaneously, or before, the problem of global warming. The problem of global warming is becoming ever more urgent as energy demand has begun to increase again following the collapse of oil prices in 1986.

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Energy Specializations: Energy and the Environment – Climate Change and Greenhouse Gases

JEL Codes: Q41: Energy: Demand and Supply; Prices, Q42: Alternative Energy Sources, Q54: Climate; Natural Disasters and Their Management; Global Warming, Q35: Hydrocarbon Resources

Keywords: Economic activity, Greenhouse effect, CO2 emissions, Developing countries

DOI: 10.5547/ISSN0195-6574-EJ-Vol12-No1-3

Published in Volume 12, Number 1 of the bi-monthly journal of the IAEE's Energy Economics Education Foundation.


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