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Green EconomyMacroeconomic Model and Accounts (GEMMA) framework.
One of the most important challenges facing economics today is the need for economic activity to remain within ecological limits. The rising threat of climate change, alarming losses in biodiversity and emerging scarcities in essential natural resources all represent a significant threat to the integrity of ecological systems and all who depend on them. They also threaten the stability of economic systems.
Developing a demographic sub-model and an Input-Output Structure for the Green Economy Macro-Model and Accounts (GEMMA) Framework
From the original article “Developing an Ecological Macroeconomics!” by Centre for International Governance Innovation (CIGI)
Climate change poses highly uncertain but potentially destabilizing costs on society. The cost of not acting against climate change could be equivalent to losing between five and 20 percent of GDP each year, indefinitely, according to the influential Stern Review. But the costs of addressing climate change…
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The law of news 2 