Corvinus
Corvinus

Mitigation and adaptation to climate change

Feierabend, Izabella (2012) Mitigation and adaptation to climate change. In: Price of unsustainability. Economic impacts of climate change. Aula, Budapest, pp. 89-108. . ISBN 978-963-339-029-0

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Abstract

Climate change produces significant social and economic impacts in most parts of the world, thus global action is needed to address climate change. In this chapter, the different possibilities of mitigation are explored from different points of view, and analyse the possibilities of adaptation to climate change. First, substantial reduction of GHG emission is needed, on the other hand adaptation action must deal with the inevitable impacts. According to the assessment of the chapter, it is essential that coordinated actions be taken at an EU level. In our argumentation, a macroeconomic model is used for the cost- benefit analysis of GHG gas emissions reduction. The GHG emission structure is analysed on European and global level. Even in the case of a successful mitigation strategy there rest the long-term effects of climate change which will need a coherent adaptation strategy to be dealt with. Although certain adaptation measures already have been taken, these initiatives are still very modest, and insufficient to deal with the economic effects of climate change properly.

Item Type:Book Section
Uncontrolled Keywords:macroeconomic model, climate change, GHG emission
Subjects:Environmental economics
Economics
Projects:TAMOP-4.2.1.B-09/1/KMR-2010-0005
ID Code:1014
Deposited By: Ádám Hoffmann
Deposited On:21 Nov 2012 10:49
Last Modified:21 Nov 2012 10:49

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