Climate Change Economics

Climate change economics, within the realm of environmental economics, studies the financial impacts and costs associated with climate change. It examines how rising temperatures and extreme weather affect economies, such as through property damage, health care costs, and food production. Policymakers use this analysis to evaluate the benefits of reducing greenhouse gas emissions versus the costs of inaction. Ultimately, it aims to create strategies that balance economic growth with environmental sustainability, ensuring a stable future while addressing climate-related challenges. This field helps allocate resources efficiently to combat climate issues effectively.