Integration of Climate Change into Economic Theory: Reviewing the Global Process (original) (raw)

With climate change appearing on the horizon of economic theory and analytical research, it becomes imperative that the links are traced to the origin of the connection between the climate change and economics. Climate change traditionally, is a subject for meteorologists, ecologist and marine biologists. When economist and financial experts, start debating climate change, it means that the subject matter now includes costs and finance; income distribution; and factors of production. Energy resource and fossil fuels are the focus for this discussion as these are linked to: CO2 emissions and other Green House Gases (GHG) emissions and the abatement costs of these emissions.