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HomeHomework HelpeconomicsEconomic Policy and Climate Change

Economic Policy and Climate Change

Economic Policy and Climate Change' refers to the strategic frameworks and regulations implemented by governments to manage economic activities in a manner that addresses the impacts of climate change, aiming to promote sustainability, reduce greenhouse gas emissions, and enhance resilience to environmental changes. This intersection of economics and environmental science seeks to balance economic growth with ecological integrity.

intermediate
3 hours
Economics
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Overview

Economic policy and climate change are interconnected fields that influence how societies respond to environmental challenges. Effective economic policies can promote sustainability, reduce greenhouse gas emissions, and foster a green economy. By implementing strategies like carbon pricing and regul...

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Key Terms

Sustainability
Meeting the needs of the present without compromising the ability of future generations to meet their own needs.

Example: Sustainable agriculture practices help preserve the environment.

Carbon Pricing
A method for reducing global warming emissions by assigning a cost to carbon emissions.

Example: A carbon tax charges companies for their carbon emissions.

Green Economy
An economy that aims for sustainable development without degrading the environment.

Example: Investing in renewable energy sources is part of a green economy.

Regulatory Frameworks
Laws and regulations that govern economic activities to achieve specific outcomes.

Example: Environmental regulations limit emissions from factories.

Mitigation
Efforts to reduce or prevent the emission of greenhouse gases.

Example: Planting trees is a form of climate change mitigation.

Adaptation
Adjusting practices, processes, and structures to minimize damage from climate change.

Example: Building flood defenses is an adaptation strategy.

Related Topics

Renewable Energy Policy
Explores policies that promote the use of renewable energy sources to combat climate change.
intermediate
Environmental Economics
Studies the economic effects of environmental policies and the costs of environmental degradation.
advanced
Climate Change Mitigation Strategies
Focuses on strategies to reduce greenhouse gas emissions and their effectiveness.
intermediate

Key Concepts

SustainabilityCarbon PricingGreen EconomyRegulatory Frameworks