Sentences with phrase «reduced economic output»

Similarly, the introduction of GST in July led to reduced economic output in June as retailers rushed to sell existing stock before the changes, based on a fear that stock held on 1 July would face higher taxes.

About 69 million employees in the U.S. say they miss work because of health problems every year, which reduces economic output by $ 260 billion per year, according to the Centers for Disease Control and Prevention.

For each trading partner, a trade war could raise domestic production costs, broadly reduce economic output, lower corporate revenues, and pressure margins.

The CEBR report found that if the Government raised the rate of corporation tax from 21 per cent to 26 per cent - the result of equalising the tax rate between big and small business - would cost around 100,000 jobs from the small business sector and reduce economic output by # 4.3 bn, while reducing the public sector deficit by only # 1.6 bn over 10 years.

The shift would reduce economic output by between 2 - 6 percent by 2050, because of the costs of building a cleaner energy system based on low - carbon energies that are more expensive than abundant coal, the IPCC said.

Impacts can also disrupt transportation service, cutting off vulnerable communities from relief immediately after events and reducing economic output.

Not exact matches

Since June, oil has receded 30 % on fears China's economic slowdown would lead to reduced oil consumption from a country that accounts for 15 % of the world's economic output.

Economic growth in Alberta remains positive, even when one accounts for every conceivable indirect outside force on the price of Canadian oil, no matter how tenuous the connection is: potential new Iranian supply, single - industry OPEC nations being forced to reduce output, Greece leaving the Eurozone, Donald Trump surging in the polls, Tom Brady facing suspension, etc..

On average, each of the 25.5 billion miles Americans drove while under the influence in 2010 cost the economy 12 jobs and reduced national economic output by $ 0.80 and GDP by $ 0.40.

But the target submitted as part of a pending U.N. deal in Paris in December — to reduce emissions 36 percent per unit of economic output by 2030 compared with 2005 levels as well as peak emissions around 2030 — has not stemmed the criticism.

In its action plan for the Paris COP21 meet, India pledges to reduce its carbon intensity — a measure of a country's emissions relative to its economic output — by 35 percent by 2030, rather than an absolute cut in emissions.

Imagine a scenario in which global warming would lead to zero costs between now and the year 2200, at which point global economic growth would be permanently reduced by 0.1 percent — in other words, that economic output starting in 2200 would be 99.9 percent of what it would have been had there been no global warming.

China says it will, by 2020, reduce gases by 40 to 45 percent below «business as usual,» that is, judged against 2005 figures for energy used versus economic output.

First of all, when supply of power of any kind exceeds demand, prices drop, and generators can reduce output in response, if they have the flexibility and economic incentives to do so, Greenlee said.

Indeed, failure to reform would reduce Mexico's gross domestic product by 4 % in 2040, resulting in a cumulative loss of one trillion US dollars in total economic output.

On the vital question of how to approach climate change, the most influential economist is William Nordhaus whose explicit position is that we should decide to reduce greenhouse gas emissions only if cost - benefit analysis or an optimisation model concludes that the net benefits to humans are positive, where the relevant effects are essentially impacts on economic output (Nordhaus and Yang, 1996).

First, the economic downturn that reduced industrial output meaning businesses emitted less of their predetermined allowances.

China promised its emissions would peak by 2030, while India said it would reduce the amount of carbon emitted for every dollar of economic output, but its emissions would continue to increase.

This trend of rapid decoupling of emissions from economic output was driven firstly by improvements in energy efficiency and secondly by lower carbon intensities, including reduced coal use in China and the United States and growth in low - carbon renewables such as wind and solar in many parts of the world (Peters et al 2017).

Arthur Laffer (prominent economic adviser to President Reagan): In a New Hampshire Public Radio interview (10/19/11), and in «Economist Arthur Laffer proposes taxing pollution instead of income» (Vanderbilt Univ., 2/20/12), Laffer recommended a carbon tax with revenue used to cut income taxes, a swap that he argued would create jobs, improve economic output and reduce pollution.

Canadian broadcaster and columnist Rex Murphy thinks Al Gore, David Suzuki and most environmentalists are secretly gleeful over the economic crisis because it reduces output and pollution.

Such cartel activity reduces economic welfare by artificially fixing prices and reducing the output of affected goods and services.