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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]
Like many other discussions of global climate change, the majority of Pacala and Socolow's wedges focus on improvements in energy efficiency. A couple address limiting consumption, and none consider population reduction. [2] Yet economic and demographic growth have been identified as fundamental drivers of global climate change. [19]
This is a list of climate change initiatives of international, national, regional, and local political initiatives to take action on climate change (global warming). A Climate Action Plan (CAP) is a set of strategies intended to guide efforts for climate change mitigation .
These policies can be specific to climate change mitigation or adaptation, or of a more generic nature but with an impact on greenhouse gas emissions. Many of the signatory parties to the UNFCCC have by now established climate change strategies and response measures. The REDD+ approach has a similar, more focused set of policies and measures.
This approach accounts for climate clubs, which encourage global powers to take action on climate change, or pay a price for their inaction. [11] This can include penalties such as the Carbon Border Adjustment Mechanism , exclusion from various markets by world powers, and sanctions against the country that are economically detrimental enough ...
The economics of climate change mitigation are a central point of contention whose considerations significantly affect the level of climate action at every level from local to global. For example, higher interest rates are slowing solar panel installation in developing countries .
[15] [16] [17] Direct global fossil fuel subsidies reached $319 billion in 2017, and $5.2 trillion when indirect costs such as air pollution are priced in. [18] In other areas, the cost of climate change mitigation may divert resources away from other socially and environmentally beneficial investments (the opportunity costs of climate change ...
A global climate regime is a global framework that aims at regulating the interaction of human activity with the global climate system, to mitigate global climate change. The framework for such a regime was developed by the United Nations Framework Convention on Climate Change , or UNFCCC for short.
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