Climate Change Economics: A Review of Greenstone and Oliver’s Analysis Essay (Article Review)

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The introductory part of an article is a critical section in a write-up as it establishes a firm foundation of the whole paper by indicating an author’s concern while setting up the stage for discussion and analysis. The article by Greenstone and Oliver indicates that the problem of global warming is one of the most perilous disasters whose effects are seen in low agricultural output, poor economic wellbeing of people, and high levels of poverty. The emission of Greenhouse gases and the resultant global warming have far-reaching effects witnessed in the fluctuations of weather and poor agricultural output. The author observes that human activities added carbon dioxide levels to the atmosphere.

The article is properly introduced and the initial concerns about human activities on the environment and the emission of greenhouse gases are brought out clearly. By comparing the yearly variation in temperature with output in agricultural production, the notion of the effect of climate change is pointed as a key concept that impacts the economic wellbeing of people. This notion is well supported by Howard-Grenville, Buckle, and Hoskins (620) who view the current climate change as a major problem to the economy. The article convincingly explores climatic change and sustainability options in the methodology that culminates into results and discussions.

Besides, the article is categorical that the ability to restore the necessary integrity and sanctity of the environment can only be effected through an understanding of factual information and the application of effective environmental policies. This concurs with Fenton, Paavola, and Tallontire’s (270) perspective as well as the views by Haque and Azizul that an approach that provides factual information regarding climatic change is crucial in safeguarding the environment (360). From the onset, the author is critical of the hedonic approach to understanding temperature changes. Instead, they use of yearly temperature measurements is effectively employed to bring out the magnitude of the problem as opposed to dealing with theories only.

One of the greatest concerns of the article is whether there is a way out of the problem of global warming. The author of the article indicates that though the challenge is critical, it can be addressed, but only if the solution is sought from now. This leads to the question that the author fails to answer, “what would happen if the uncontrolled effects of global warming catch up with the people?” However, the article reflects the perspective by Lee and Hong-Yeon that following the massive effects of global warming on the economic wellbeing of people, it is only the empirical data that can facilitate the process of taking responsibility through the application of proper environmental models (5).

As Butos and McQuade indicate, passages in an article should be cohesive by assimilating a stand, introducing an issue, and posting possible solutions (170). The passages of this article have included the source of rising temperatures as human activities and have defined a methodology used to arrive at conclusions of the problem. This is very critical in facilitating further understanding of how the problem of the poor economic wellbeing of individuals from low agricultural output relates to global warming.

Notably, the use of statistics in the article makes the works of the authors have strong convincing power. The ideas in the write-up have been strongly supported by references and effective in-text citations. The article is indeed systematic with the flow of ideas and partitioning being highly effective. Besides, its concluding outlook is effective and does not end abruptly.

To sum up, an effective analysis in the article by Greenstone and Oliver has provided a clear evaluation of the impacts of climate change on the economy and has viewed it from several dimensions. My view is that the article offers a much deeper exploration of the discussed issue and tries to fix it in the context of the immediate setting.

References

Butos, William, and Thomas McQuade. “Causes and consequences of the climate science boom.” Independent Review 20.2 (2015): 165-196. Print.

Fenton, Adrian, Jouni Paavola, and Anne Tallontire. “Microfinance and climate change adaptation: an overview of the current literature.” Enterprise Development & Microfinance 26.3 (2015): 262-273. Print.

Greenstone, Michael, and Desche Oliver. “The economic impacts of climate change: evidence from agricultural output and random fluctuations in weather.” The American Economic review 97. 1(2014): 19-27. Print.

Haque, Shamima, and Islam Muhammad Azizul. “Stakeholder pressures on corporate climate change-related accountability and disclosures: Australian evidence.” Business & Politics 17.2 (2015): 355-390. Print.

Howard-Grenville, Jennifer, Simon Buckle, and Brian Hoskins “Climate change and management.” Academy of Management Journal 57.3(2014): 615–623. Print.

Lee, Khil-Ha, and Cho Hong-Yeon. “Projection of climate-induced future water temperature for the aquatic environment.” Journal of Environmental Engineering 141.11 (2015): 1-7.print.

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IvyPanda. 2022. "Climate Change Economics: A Review of Greenstone and Oliver’s Analysis." April 17, 2022. https://ivypanda.com/essays/economic-impacts-of-climate-change-article-analysis/.

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IvyPanda. "Climate Change Economics: A Review of Greenstone and Oliver’s Analysis." April 17, 2022. https://ivypanda.com/essays/economic-impacts-of-climate-change-article-analysis/.

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