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  • articleOpen Access

    Valuing a Statistical Life Year in Relation to Clean Air

    Environmental cost–benefit analysis is increasingly used to support the formulation of European air quality policies. In these analyses, typically around three-quarters of the societal benefits of cleaner air are related to monetised increases in statistical life expectancy. However, the literature presents widely diverging estimates for the value of a statistical life year (a ‘VOLY’). This paper presents a review of studies aimed at establishing a VOLY as used in European air quality policies and it examines the factors that cause the variations in VOLY estimates. We discuss the implications of our findings for European air quality policies and also present a novel approach to analyse the VOLY. We have labelled our approach the ‘maximum societal revenue VOLY’ (MSR-VOLY), and postulate that this approach may be particularly useful in the context of natural capital accounting.

  • articleOpen Access

    The Age of FinTech: Implications for Research, Policy and Practice

    FinTech is inducing changes in how financial services (FS) are perceived, developed, promoted, delivered and consumed. Future of FinTech, however, is rooted in deliberate integrated actions to improve framework conditions related to consumer trust, regulation and scalability. Building on limited scholarship, this paper identifies the building blocks for the future of FinTech and provides prescriptive areas of focus to guide research, policy and practice. In sum, the purpose of the paper is to serve as a catalyst and a call for an integrative approach in developing a common understanding and interpretation of FinTech as a socially-constructed phenomenon at the intersection of research and technology management.

  • articleOpen Access

    Climate Change and India: Balancing Domestic and International Interests

    In this paper, we analyze how India’s climate change policy is framed, formulated and implemented and argue that it requires carefully balancing of domestic and international interests. Given the country’s population size, composition and projected economic growth, India will, in the next few years, see its most significant energy demand upsurge along with a massive need for infrastructure. As projected by the International Energy Agency, “nearly 60% of its CO2 emissions in the late 2030s will be coming from infrastructure and machines that do not exist today”. As a result, policy choices made today by India’s decision-makers and international negotiators will have severe implications for the world.

    This paper analyzes global emission trends, climate change impacts and India’s international and domestic climate policies—from Paris to Glasgow and New Delhi to rural India. Furthermore, we examine the core constraints that Indian policymakers face and draw attention to shortcomings in India’s climate change policies, particularly concerning continued investment in coal despite the country’s widely lauded efforts to embrace renewables. We argue that fossil fuel subsidies are a delicate political issue with significant implications for many election-determining poor citizens—hence accompanying “just transition” measures are essential.

  • articleOpen Access

    Can Global Mean Temperatures be Held to 1.5C or Less without Major Efforts in Carbon Removal/Geoengineering?

    The 2015 international Paris Agreement called for pursuing efforts to limit the changes in climate to 1.5C above pre-industrial levels. This study uses two approaches to re-examine this feasibility more fully. The observed trends in the temperature record provide one means to estimate when 1.5C will be reached. Examination of the remaining allowed carbon emissions provides another approach. The temperature record and the observed trends in temperature over recent decades suggest that 1.5C will be reached by 2032–2042. Consideration of the equivalent amount of CO2 reveals the ranges of 266, 366 and 531 GtCO2-eq still allowed for 67%, 50% and 33% probabilities, respectively, of staying within the temperature limit. At the current rate of emissions, the 50% limit would be reached in eight years. If an emissions reduction of 4% per year beginning in January 2023 is considered, the 67% likelihood for staying within the 1.5C limit is passed in 2030 and the 50% likelihood is passed in 2035. As a result, humanity is very unlikely to meet the identified targets needed to keep the global temperature change to 1.5C and the SSP1-1.9 scenario assumptions for future emissions toward enabling a limit of 1.5C are also extremely unlikely.

  • chapterOpen Access

    Algorithmic Fairness in the Roberts Court Era

    Scientists and policymakers alike have increasingly been interested in exploring ways to advance algorithmic fairness, recognizing not only the potential utility of algorithms in biomedical and digital health contexts but also that the unique challenges that algorithms—in a datafied culture such as the United States—pose for civil rights (including, but not limited to, privacy and nondiscrimination). In addition to the technical complexities, separation of powers issues are making the task even more daunting for policymakers—issues that might seem obscure to many scientists and technologists. While administrative agencies (such as the Federal Trade Commission) and legislators have been working to advance algorithmic fairness (in large part through comprehensive data privacy reform), recent judicial activism by the Roberts Court threaten to undermine those efforts. Scientists need to understand these legal developments so they can take appropriate action when contributing to a biomedical data ecosystem and designing, deploying, and maintaining algorithms for digital health. Here I highlight some of the recent actions taken by policymakers. I then review three recent Supreme Court cases (and foreshadow a fourth case) that illustrate the radical power grab by the Roberts Court, explaining for scientists how these drastic shifts in law will frustrate governmental approaches to algorithmic fairness and necessitate increased reliance by scientists on self-governance strategies to promote responsible and ethical practices.

  • chapterOpen Access

    Topic Study Group 40: Research and Development on Mathematics Curriculum

    The theme of Topic Study Group 40 (TSG-40) at the 14th International Congress on Mathematical Education (ICME-14) (Shanghai, China) is Research and Development on Mathematics Curriculum. TSG-40 was held worldwide on-line style in three sessions of July 13, July 16, and July 17, 2021. This article reports a concise summary of TSG-40 including its organization, theme and description, the list of presentations and program overview, the summary of presentations in the theme of four topics at TSG-40, and future directions and suggestions in the area of research and development on mathematics curriculum.