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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]
Climate risk management covers a broad range of potential actions, including: early-response systems, strategic diversification, dynamic resource-allocation rules, financial instruments (such as climate risk insurance), infrastructure design and capacity building.
Climate risk insurance is a type of insurance designed to mitigate the financial and other risk associated with climate change, especially phenomena like extreme weather. [ 22 ] [ 23 ] [ 24 ] The insurance is often treated as a type of insurance needed for improving the climate resilience of poor and developing communities.
As of 2021 the remaining carbon budget for a 50-50 chance of staying below 1.5 degrees of warming is 460 bn tonnes of CO 2 or 11 + 1 ⁄ 2 years at 2020 emission rates. [13] Global average greenhouse gas per person per year in the late 2010s was about 7 tonnes [14] – including 0.7 tonnes CO 2 eq food, 1.1 tonnes from the home, and 0.8 tonnes from transport. [15]
Climate resilience is generally considered to be the ability to recover from, or to mitigate vulnerability to, climate-related shocks such as floods and droughts. [7] It is a political process that strengthens the ability of all to mitigate vulnerability to risks from, and adapt to changing patterns in, climate hazards and variability.
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]
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 .
A related phenomenon driven by climate change is woody plant encroachment, affecting up to 500 million hectares globally. [218] Climate change has contributed to the expansion of drier climate zones, such as the expansion of deserts in the subtropics. [219] The size and speed of global warming is making abrupt changes in ecosystems more likely ...