MACROECONOMICS AND CLIMATE CHANGE

Climate change and its consequences are the most important issues affecting UK economy over coming century will present a critical challenge for government moving forward. In particular, of getting to net zero by 2050 is going have major ramifications macroeconomy. this commentary, I lay out some work that has been done on implications climate transition Economic activity as currently structured involves using fossil fuels part production process. But releases carbon dioxide into atmosphere leads higher temperatures. take given, simply noting if rise in temperature weather patterns associated with it be stopped, not reversed, at point future, then we move ‘net zero’ (or even negative’) which output produced only those inputs do produce greenhouse gases.