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[238]: 622 Cost estimates for mitigation for specific regions depend on the quantity of emissions allowed for that region in future, as well as the timing of interventions. [239]: 90 Mitigation costs will vary according to how and when emissions are cut. Early, well-planned action will minimize the costs. [146]
Mitigation costs will vary according to how and when emissions are cut. Early, well-planned action will minimize the costs. [142] Globally, the benefits of keeping warming under 2 °C exceed the costs, [284] which according to The Economist are affordable. [285] Economists estimate the cost of climate change mitigation at between 1% and 2% of GDP.
Carbon pricing (or CO 2 pricing) is a method for governments to mitigate climate change, in which a monetary cost is applied to greenhouse gas emissions.This is done to encourage polluters to reduce fossil fuel combustion, the main driver of climate change.
Of climate change mitigation consumption options investigated by a review, the consumption options with "the highest mitigation potential advocate reduction in car and air travel". [18] A study projected a potential reduction of "transport direct CO 2 emissions by around 50% in the end of the century compared to the baseline" via combined ...
Mitigation costs and mitigation financing needs [ edit ] In 2010, the World Development Report preliminary estimates of financing needs for mitigation and adaptation activities in developing countries range from $140 to 175 billion per year for mitigation over the next 20 years with associated financing needs of $265–565 billion and $30–100 ...
Selecting a set of mitigation strategies to create a stabilization triangle is a planning framework for identifying possible interventions for the reduction of emissions. The objective is to stabilize CO 2 concentrations under 500 ppm over fifty years, by choosing strategies for mitigation as represented by wedges.
The Stern Review on the Economics of Climate Change is a 700-page report released for the Government of the United Kingdom on 30 October 2006 by economist Nicholas Stern, chair of the Grantham Research Institute on Climate Change and the Environment at the London School of Economics (LSE) and also chair of the Centre for Climate Change Economics and Policy (CCCEP) at Leeds University and LSE.
Environmental mitigation refers to the process by which measures to avoid, minimise, or compensate for adverse impacts on the environment are applied. [1] In the context of planning processes like Environmental Impact Assessments, this process is often guided by applying conceptual frameworks like the "mitigation hierarchy" or "mitigation sequence". [2]