economic objectives to prevent global warming?(3 points)
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Answer:
The economics of climate change concerns the economic aspects of climate change; this can inform policies that governments might consider in response. A number of factors make this and the politics of climate change a difficult problem: it is a long-term, intergenerational problem;[1] benefits and costs are distributed unequally both within and across countries; and both scientific and public opinions need to be taken into account.
One of the most important greenhouse gases is carbon dioxide (CO
2).[2] Around 20% of carbon dioxide which is emitted due to human activities can remain in the atmosphere for many thousands of years.[3] The long time scales and uncertainty associated with global warming have led analysts to develop "scenarios" of future environmental, social and economic changes.[4] These scenarios can help governments understand the potential consequences of their decisions.
The impacts of climate change include the loss of biodiversity, sea level rise, increased frequency and severity of some extreme weather events, and acidification of the oceans.[5] Economists have attempted to quantify these impacts in monetary terms, but these assessments can be controversial.[6][7] The two main policy responses to global warming are to reduce greenhouse gas (GHG) emissions (climate change mitigation) and to adapt to the impacts of global warming (e.g., by building levees in response to sea level rise).