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An economic analysis of climate change uses economic tools and models to calculate the magnitude and distribution of damages caused by climate change. It can also give guidance for the best policies for mitigation and adaptation to climate change from an economic perspective. There are many economic models and frameworks.
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]
The Stern Review on the Economics of Climate Change is a 700-page report released for the Government of the United Kingdom on 30 October 2006 by economist Nicholas Stern, chair of the Grantham Research Institute on Climate Change and the Environment at the London School of Economics (LSE) and also chair of the Centre for Climate Change Economics and Policy (CCCEP) at Leeds University and LSE.
[1] [2] [4] The Center describes its approach as multidisciplinary, looking for "innovative approaches to shifting global development onto a path that is more environmentally, socially, and economically sustainable," analyzing how "economic and social activities impact the environment, and design strategies for meeting human needs without ...
The Energy Transitions Commission (ETC) is an international think tank, focusing on economic growth and climate change mitigation. It was created in September 2015 and is based in London. The commission currently contains 32 commissioners from a selection of individuals and company and government leaders.
Shared Socioeconomic Pathways (SSPs) are climate change scenarios of projected socioeconomic global changes up to 2100 as defined in the IPCC Sixth Assessment Report on climate change in 2021. [2] They are used to derive greenhouse gas emissions scenarios with different climate policies.
Climate Change 2007, the Fourth Assessment Report (AR4) of the United Nations Intergovernmental Panel on Climate Change (IPCC), was published in 2007 and is the fourth in a series of reports intended to assess scientific, technical and socio-economic information concerning climate change, its potential effects, and options for adaptation and mitigation. [2]
Climate protection may have costs, but unabated climate change can have strong adverse effects on economic development; loss of biodiversity is amplified by climate change, but could also be increased by certain mitigation strategies relying on the use of land; climate protection might create winners and losers, but climate change itself will ...