Overview
The political economy of climate change examines the interplay between economic policies and political decisions in addressing climate issues. It highlights how economic incentives, such as carbon pricing and subsidies, can drive sustainable practices while emphasizing the need for global cooperatio...
Key Terms
Example: Countries implement carbon pricing to incentivize companies to reduce emissions.
Example: Sustainable development includes practices like renewable energy use.
Example: Countries that signed the Paris Agreement committed to reducing greenhouse gas emissions.
Example: Investing in renewable energy is crucial for reducing reliance on fossil fuels.
Example: Cap-and-trade systems are a form of market-based solution for emissions reduction.
Example: Global governance is essential for addressing climate change effectively.