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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. [300] It is important to design policies well and make them inclusive. Otherwise climate change mitigation measures can impose higher financial costs on poor households. [301]
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 ...
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. [1]
[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 ...
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