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Government policies can support or hinder demand-side mitigation options. For example, public policy can promote circular economy concepts which would support climate change mitigation. [90]: 5–6 Reducing greenhouse gas emissions is linked to the sharing economy. There is a debate regarding the correlation of economic growth and emissions.
Mitigation is the reduction of something harmful that has occurred or the reduction of its harmful effects. It may refer to measures taken to reduce the harmful effects of hazards that remain in potentia , or to manage harmful incidents that have already occurred.
Environmental mitigation can be defined in various ways depending on the institutions and countries where the term is applied, or on the framework that is used to guide mitigation. For example, it may be defined as the process by which measures to avoid, minimise, or compensate for adverse impacts on the environment are applied. [1]
An example of a self-made Wedge Game board used by the Houston Advanced Research Center. Stabilization wedges are the basis of a team-based exercise called the Stabilization Wedge Game. This game has become popular as a tool for schools and businesses to educate players and discuss global warming mitigation.
Flood mitigation is a related but separate concept describing a broader set of strategies taken to reduce flood risk and potential impact while improving resilience against flood events. As climate change has led to increased flood risk an intensity, flood management is an important part of climate change adaptation and climate resilience.
For example, the IPCC Special Report on Global Warming of 1.5 °C was a "key scientific input" into the 2018 United Nations Climate Change Conference. [4] Various pathways are considered in the report, describing scenarios for mitigation of global warming. Pathways include for example portfolios for energy supply and carbon dioxide removal.
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Mitigation costs will vary according to how and when emissions are cut. Early, well-planned action will minimize the costs. [62] Globally, the benefits of keeping warming under 2 °C exceed the costs, [63] which according to The Economist are affordable. [64] Economists estimate the cost of climate change mitigation at between 1% and 2% of GDP.
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