RSM100H1 Lecture Notes - Lecture 9: Renewable Energy, Overfishing, World Economy
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RSM100H1 Full Course Notes
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Global climate change and effects on business notes (lecture 9) So economic growth encroaches on the biosphere: nature contributes a significant amount to economy. If nature is decimated, economy would be harmed greatly as well: too much emphasis has been placed on materialism and consumption (by consumers, firms, and governments). Climate change video (the 11th hour) takeaways: sunlight: previous civilizations lived off of current sunlight (i. e. sun of the current year, sunlight creates plants, animals eat plants, humans eat animals, etc. ). Now, civilization relies on ancient sunlight (i. e. coal, oil, fossil fuels, using sunlight from previous years). As a result, human population has skyrocketed with the use of ancient sunlight. In 2012, hurricane sandy caused great economic damage (billions of dollars): 2013 ice storm also caused economic damage in us and canada, causes of climate change: Insurance & financial services (mounting claims from natural disasters: agriculture (land is getting drier, harder to plant and harvest crops)
