Economic analysis of climate change

High school (ages 12+)
Environment & Earth

Name:

Date:

Step 1 · Read the article

Open the article and read it at the level above. Then answer the questions below in your own words.

https://smallwhale.org/articles/economic-analysis-of-climate-change

1. What is the primary modeling framework?
2. What does it mean to use money ideas to help the planet stay cool?
3. Why do economists study things like agriculture, fisheries, and tourism when talking about climate change?

Write what each word means, using the article.

Do not copy the article. Write two things you learned, the way you would explain them to a friend.

Answers below are taken from the article’s stored facts, so they match what the student read.

1. What is the primary modeling framework?Integrated Assessment Models (IAMs) that link socioeconomic and environmental systems
2. What does it mean to use money ideas to help the planet stay cool?Scientists turn changes in weather into numbers like GDP and inflation, so we can see how climate affects our economy.
3. Why do economists study things like agriculture, fisheries, and tourism when talking about climate change?These jobs are very sensitive to heatwaves, droughts, and rising sea levels, so they show how weather changes can hurt the economy.

Cost-Benefit Analysis: A method to compare the costs of a project or policy against its expected benefits.
Non-Market Impacts: Consequences of climate change that are difficult to assign a monetary value to, like biodiversity loss.
Co-benefits: Positive outcomes of climate mitigation policies that are separate from reducing emissions, such as improved public health.