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Climate change mitigation policies can have a large and complex impact on the socio-economic status of individuals and countries This can be both positive and negative. [299] It is important to design policies well and make them inclusive. Otherwise climate change mitigation measures can impose higher financial costs on poor households. [300]
Discussions center on mitigation, adaptation, technology development and transfer, and financial resources and investment. During COP21, the international community funded investment in climate risk insurance as part of the strategies for addressing climate risk.
National climate change strategy provides "an illusion of intervention and security", but actually largely fails to identify and mitigate the underlying causes of climate change, or to lay the ground for a mid-term and long-term adaptation strategy that can truly cope with "yet unknown levels of climatic and other structural changes". [30]
Climate risk insurance is a type of insurance designed to mitigate the financial and other risk associated with climate change, especially phenomena like extreme weather. [ 22 ] [ 23 ] [ 24 ] The insurance is often treated as a type of insurance needed for improving the climate resilience of poor and developing communities.
[147] [148] In 2022, a group of scientists urged families around the world to have no more than one child as part of the transformative changes needed to mitigate both climate change and biodiversity loss. [149] However, because climate change needs to be limited within the next few decades, having fewer children now might not make much difference.
Climate resilience is generally considered to be the ability to recover from, or to mitigate vulnerability to, climate-related shocks such as floods and droughts. [7] It is a political process that strengthens the ability of all to mitigate vulnerability to risks from, and adapt to changing patterns in, climate hazards and variability.
Climate risk insurance is a type of insurance designed to mitigate the financial and other risk associated with climate change, especially phenomena like extreme weather. [ 1 ] [ 2 ] [ 3 ] The insurance is often treated as a type of insurance needed for improving the climate resilience of poor and developing communities.
The 2019 IPCC Special Report on the Ocean and Cryosphere in a Changing Climate defines a tipping point as: "A level of change in system properties beyond which a system reorganises, often in a non-linear manner, and does not return to the initial state even if the drivers of the change are abated. For the climate system, the term refers to a ...