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Economic analysis also looks at the economics of climate change mitigation and the cost of climate adaptation. Mitigation costs will vary according to how and when emissions are cut. Early, well-planned action will minimize the costs. [5] Globally, the benefits and co-benefits of keeping warming under 2 °C exceed the costs. [6]
Environmental mitigation refers to the process by which measures to avoid, minimise, or compensate for adverse impacts on the environment are applied. [1] In the context of planning processes like Environmental Impact Assessments, this process is often guided by applying conceptual frameworks like the "mitigation hierarchy" or "mitigation sequence". [2]
Mitigation options that reduce demand for products or services help people make personal choices to reduce their carbon footprint. This could be in their choice of transport or food. [90]: 5–3 So these mitigation options have many social aspects that focus on demand reduction; they are therefore demand-side mitigation actions. For example ...
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.
"Tax mitigation", "tax aggressive", "aggressive tax avoidance" or "tax neutral" schemes generally refer to multiterritory schemes that fall into the grey area between common and well-accepted tax avoidance, such as purchasing municipal bonds in the United States, and tax evasion but are widely viewed as unethical, especially if they are ...
The IPCC considers climate resilience to be “the capacity of social, economic and ecosystems to cope with a hazardous event or trend or disturbance”. It includes the abilities to reorganise and learn. [9]: 7 This definition is similar to that of climate change adaptation. However, resilience involves a more systematic approach to absorbing ...
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.
Economic returns – more efficient use of products means reduced costs of purchasing new materials, improving the financial performance of a company. Public image – the environmental profile of a company is an important part of its overall reputation and waste minimisation reflects a proactive movement towards environmental protection.