ENVIRONOMICS-DEFINITION, METHODOLOGY AND BEYOND
Hello readers! Hope you all are keeping safe and gradually returning back to your normal lives. Today, I will speak of a more environment-related topic, especially concerning the energy domain. All this began when a random thought started in my mind during a class. Can economics and environment be co-related? Does climate-change have a huge impact on the economy? Introduction to Environomics During the late 19th century (Post the industrial revolution), the globe saw intense exploitation of natural resources, such as coal. gasoline etc, in order to reap short-term benefits with minimal concern towards the future. Consequently, the economic failure behind nuclear plants, the alarming rise in the cost of oil barrels and the increased emission levels started to attract a lot of concerns from the global energy experts. Subsequently, the field of energy systems engineering saw rapid developments and improvements in the overall ...