The new energy century
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Consider the potential future of the energy economy on a global scale. Describe the future path of the economics of oil, gas and energy as you see it, by addressing the following points:
Is climate change a real threat to the global economy? If so, what can realistically be done?
Is "peak oil" a real threat to the global economy?
Can countries increase their "energy security"? If so, how?
Will developing economies be winners or losers in the new global energy economy?
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Solution Summary
The new energy century is examined. How climate change is a real threat to the global economy is determined.
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Is climate change a real threat to the global economy? If so, what can realistically be done?
The threat of climate change to the global economy is a significant threat according to the majority of scientists and economists. The consensus is that failing to address the global carbon emissions in the next few decades will lead to serious economic and environmental problems such as increased damage to property and infrastructure in countries as a result of stronger and more frequent natural disasters. In addition, there will be mass human migrations and security threats that emerge from climate change, which will significantly threaten the global economy. Therefore, it's imperative for countries to curb their current pollution and emissions to improve their global impact. What can realistically be done is that on a local and state level, ...
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