Question

Please explain throughly! Thank you so much !

4. Describe the key drivers that will either increase or decrease the costs of climate policy around the globe.

Answer 1

Key drivers that of climate policy around the globe

Climate change is one of the foremost significant threats facing the world these days.

These apparently minor shifts in temperature could trigger widespread disasters within the kind of rising ocean levels, violent and volatile weather patterns, geologic process, famine, water shortages, and alternative secondary effects including conflict.

Avoiding the worst consequences of global climate change would force massive cuts in international greenhouse emission emissions. Humans manufacture greenhouse gases by burning coal, oil, and gas to come up with energy for power, heat, industry, and transportation. Deforestation and agricultural activity conjointly yield climate-changing emissions.

Put a price on carbon

Cutting emissions starts with clear policy signals.
Carbon pricing systems – like emissions trading systems that cap emissions or carbon taxes that charge per ton – send a long-term signal to firms by making an incentive to cut back polluting behaviors and to take a position in cleaner energy decisions and low-carbon innovation.

End fuel subsidies

Fossil fuel subsidies send a unique signal – one which will encourage waste and discourage low-carbon growth. By phasing out harmful fuel subsidies, countries will apportion their spending to wherever it's most required and only, as well as proving targeted support for the poor.

Increase energy efficiency and use of renewable energy

When we discuss energy, we've got to speak concerning access. Worldwide, about 1.2 billion individuals lack access to electricity and a pair of of.8 billion depend upon solid fuels for cooking, like wood, charcoal, and coal, that cause harmful indoor pollution.

Implement climate-smart agriculture and nurture forest landscapes

The fifth space for action takes in each mitigation and adaptation. Climate-smart agriculture techniques facilitate farmers to increase their farms’ productivity and resilience to the impacts of global climate change, like droughts, whereas conjointly making carbon sinks that facilitate reduce net emissions. Forests, too, are valuable carbon sinks that absorb carbon and store it in soils, trees, and foliage.