Adapting and Thriving: Global Warming and the Wine Industry
Global warming (GW) refers to the gradual increase in Earth’s average surface temperature caused by human activities. This phenomenon has far-reaching consequences that affect the environment, society, and economy and has created a multitude of challenges for the wine industry, affecting grape culti...
| Main Authors: | , , |
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| Format: | Article |
| Language: | English |
| Published: |
SAGE Publishing
2024-02-01
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| Series: | SAGE Open |
| Online Access: | https://doi.org/10.1177/21582440241227750 |
| _version_ | 1797305345223163904 |
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| author | Limor Dina Gonen Tchai Tavor Uriel Spiegel |
| author_facet | Limor Dina Gonen Tchai Tavor Uriel Spiegel |
| author_sort | Limor Dina Gonen |
| collection | DOAJ |
| description | Global warming (GW) refers to the gradual increase in Earth’s average surface temperature caused by human activities. This phenomenon has far-reaching consequences that affect the environment, society, and economy and has created a multitude of challenges for the wine industry, affecting grape cultivation, wine production, aging, and quality management. To analyze the negative impact of GW on the wine industry and to examine the equilibrium that maximizes welfare and profit in the face of climate change. A mathematical model that considers the various stages of wine production to examine the wine industry’s equilibrium that maximizes welfare and profit. Global warming impacts the wine industry’s equilibrium, causing measurable distortions and an inefficient market solution. However, our analysis also indicates that adaptation to GW is possible by adopting and adjusting new agricultural practices. Our findings suggest that GW has a notable negative impact on the wine industry. Winemakers should consider adapting their agricultural practices. In addition, policymakers need to take action to mitigate the effects of climate change on the wine industry. Policymakers should promote the adoption of renewable energy sources and sustainable farming practices in the wine industry and provide financial incentives and regulatory support to maximize welfare. |
| first_indexed | 2024-03-08T00:25:31Z |
| format | Article |
| id | doaj.art-22fa494416e2458f8cfa41723eb9cbf5 |
| institution | Directory Open Access Journal |
| issn | 2158-2440 |
| language | English |
| last_indexed | 2024-03-08T00:25:31Z |
| publishDate | 2024-02-01 |
| publisher | SAGE Publishing |
| record_format | Article |
| series | SAGE Open |
| spelling | doaj.art-22fa494416e2458f8cfa41723eb9cbf52024-02-15T18:03:47ZengSAGE PublishingSAGE Open2158-24402024-02-011410.1177/21582440241227750Adapting and Thriving: Global Warming and the Wine IndustryLimor Dina Gonen0Tchai Tavor1Uriel Spiegel2 Ariel University, Israel Department of Economics and Management, The Max Stern Yezreel Valley College, Israel Zefat College, IsraelGlobal warming (GW) refers to the gradual increase in Earth’s average surface temperature caused by human activities. This phenomenon has far-reaching consequences that affect the environment, society, and economy and has created a multitude of challenges for the wine industry, affecting grape cultivation, wine production, aging, and quality management. To analyze the negative impact of GW on the wine industry and to examine the equilibrium that maximizes welfare and profit in the face of climate change. A mathematical model that considers the various stages of wine production to examine the wine industry’s equilibrium that maximizes welfare and profit. Global warming impacts the wine industry’s equilibrium, causing measurable distortions and an inefficient market solution. However, our analysis also indicates that adaptation to GW is possible by adopting and adjusting new agricultural practices. Our findings suggest that GW has a notable negative impact on the wine industry. Winemakers should consider adapting their agricultural practices. In addition, policymakers need to take action to mitigate the effects of climate change on the wine industry. Policymakers should promote the adoption of renewable energy sources and sustainable farming practices in the wine industry and provide financial incentives and regulatory support to maximize welfare.https://doi.org/10.1177/21582440241227750 |
| spellingShingle | Limor Dina Gonen Tchai Tavor Uriel Spiegel Adapting and Thriving: Global Warming and the Wine Industry SAGE Open |
| title | Adapting and Thriving: Global Warming and the Wine Industry |
| title_full | Adapting and Thriving: Global Warming and the Wine Industry |
| title_fullStr | Adapting and Thriving: Global Warming and the Wine Industry |
| title_full_unstemmed | Adapting and Thriving: Global Warming and the Wine Industry |
| title_short | Adapting and Thriving: Global Warming and the Wine Industry |
| title_sort | adapting and thriving global warming and the wine industry |
| url | https://doi.org/10.1177/21582440241227750 |
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