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3 what economic changes are predicted as we work to keep warming below …

Question

3 what economic changes are predicted as we work to keep warming below 2 degrees celsius? select all that apply
check all that apply
major changes in energy infrastructure to facilitate a rapid transition from fossil fuels to renewable energy
transition from gas stations to rapid charging stations for electric vehicles
food prices will decrease as agricultural production increases
prices for travel to tropical locations will decrease as there are more tropical areas due to temperatures warming
air travel and supply chain costs will likely increase due to carbon taxes

Explanation:

Brief Explanations
  • Major changes in energy infrastructure: Shifting from fossil fuels (high - carbon) to renewables (low - carbon) is a key economic change as we aim for a low - carbon future to limit warming. This involves building new energy generation (like solar farms, wind turbines) and distribution systems.
  • Transition from gas stations to charging stations: As the transportation sector decarbonizes (to meet the warming limit goal), there will be a move from internal combustion engine vehicles (fueled at gas stations) to electric vehicles (charged at charging stations). This is an economic shift in the automotive and energy retail sectors.
  • Air travel and supply chain costs increase due to carbon taxes: To reduce emissions (to keep warming in check), carbon taxes are likely. Airlines and supply chains (which are major carbon emitters) will face higher costs as they pay these taxes, which is an economic impact.

Food prices are likely to increase due to climate - related disruptions (not decrease as agricultural production may be affected by heat, droughts, etc. even if some regions might see short - term gains). And travel to tropical locations may not become cheaper as tropical areas may face more extreme weather (hurricanes, floods) which can disrupt tourism and may even lead to higher prices due to reduced supply in some cases.

Answer:

  • major changes in energy infrastructure to facilitate a rapid transition from fossil fuels to renewable energy
  • transition from gas stations to rapid charging stations for electric vehicles
  • air travel and supply chain costs will likely increase due to carbon taxes