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The greenhouse gas emission is estimated to grow in the medium and long term. In order to minimize the negative effects of global climate change, it is required to stabilize the concentration of greenhouse gases in the atmosphere through prompt and substantial cut in greenhouse gas emissions. For this end, it is indispensable that every major emitter sets some legally binding target for cuts in greenhouse gas emissions. Developed countries, which have achieved economic growth through emitting large amounts of greenhouse gas, must be responsible to take the initiative in reducing emissions. Moreover, it is important that developing countries, whose greenhouse gas emissions are predicted to eclipse those in the developed countries soon, participate and reduce the growth of greenhouse gas emissions.
Under such circumstances, some countries seek to adopt a new and comprehensive legal document that establishes a fair and effective international framework in which all major economies participate. They argue that, besides the controversial issues of equity, equal footing, and burden sharing, any programs without some major emitters are less effective and can even ruin the cuts achieved by the participants.
Explain how a non-broad-based framework is less effective in combating global climate change.
needs for capital budgeting
A medical insurance company offers its salespeople the following compensation scheme: each worker takes a fixed salary and, in addition to that, a commission depending on the volu
What do you mean by the fiscal policy? What are the instruments of fiscal policy? Briefly comment on India's fiscal policy.
OBJECTIVES OF CREDIT CONTROL The old objective of controlling credit creation by the commercial banks in the country was dictated by considerations of maintaining stability of
Controller of Credit The principles of credit control by the central bank were discovered and enunciated after the publication of Bagehot Lombard street in 1873. Even after 187
what is the uses of production functns?
on the application of any of the concepts learnt in Managerial Economics. You may try to use these concepts to everyday problems in life or in any of the current debates on in the
Suppose the consumer can choose either coffee shop 1 or coffee shop 2, but not both. - Assuming that other things (such as location, quality of coffee, and so on) are the same,
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