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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 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 ...
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.
SDG 13 intends to take urgent action in order to combat climate change and its impacts. [9] Many climate change impacts are already felt at the current 1.2 °C (2.2 °F) level of warming. Additional warming will increase these impacts and can trigger tipping points, such as the melting of the Greenland ice sheet. [10]
The economic impacts of climate change also include any mitigation (for example, limiting the global average temperature below 2 °C) or adaption (for example, building flood defences) employed by nations or groups of nations, which might infer economic consequences.
Strategies to limit climate change are complementary to efforts to adapt to it. [10]: 128 Limiting warming, by reducing greenhouse gas emissions and removing them from the atmosphere, is also known as climate change mitigation. [citation needed] There are some synergies or co-benefits between adaptation and mitigation. Synergies include the ...