Economics of climate change mitigation
Part of the economics of climate change related to climate change mitigation / From Wikipedia, the free encyclopedia
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The economics of climate change mitigation is a contentious part of climate change mitigation – action aimed to limit the dangerous socio-economic and environmental consequences of climate change.[3]
This article's lead section may be too short to adequately summarize the key points. (November 2020) |
Climate change mitigation centres on two main strategies: the reduction of greenhouse gas (GHG) emissions and the preservation and expansion of sinks which absorb greenhouse gases, including the sea and forests.
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.[4]