What is Climate Change Economics?
CCE concerns the economic impacts of climate change, which include phenomena like the sea level rise, the increased frequency and severity of extreme weather events, and the loss of biodiversity. The scientific community has agreed that the current climate changes are best explained by rising concentration in the atmosphere of greenhouse gases, a great component of which is emitted due to human activities.
As climate change is a long-term intergenerational problem, whose benefits and costs are distributed unequally across countries, it is both an incredible fertile ground and a major responsibility for economists to focus their research efforts on. There are two main fields of research on climate change economics. One focuses on the possible policies to reduce anthropogenic greenhouse gas emissions (climate change mitigation), and the other on the adaptation strategies to the most severe structural changes induced by global warming (climate change adaptation).
