Environmental Economics and Climate Change: A Global Perspective

This book explores climate change risks and societal and economic reactions by uniting researchers from environmental economics, political science, and business management. It examines how economic sectors are affected by climate risks and the adaptive actions needed, emphasizing the economic impacts of climate change. Climate change, one of humanity's greatest challenges, poses risks to communities and businesses that remain inadequately understood. Environmental economics examines the link between environmental quality and economic behavior, aiming to address resource issues and craft policies that tackle pollution, biodiversity loss, and sustainable growth. By creating markets to manage pollutants like carbon, environmental economics has shaped global policy and highlighted how environmental health influences public well-being and economic stability. Uncertainty complicates environmental policymaking, given non-linear harm functions, irreversibilities, and long timeframes. The challenge lies in integrating uncertainty into policy design, making it a vital area of study. The Sustainable Development Goals (SDGs) underscore the interdependence of social, economic, and environmental sectors, showing climate change's broad impact. Topics like mitigation, adaptation, and carbon tax policies illustrate the growing significance of environmental economics. Achieving the SDGs requires balancing economic and environmental priorities, highlighting the need for sustainable strategies to address global environmental challenges.