Climate and Community: Understanding Environmental Change

Section 4 has examined the economic and financial dimensions of climate action. Understanding these principles is key to designing effective policies and mobilizing the necessary resources for mitigation and adaptation. Economic incentives, such as carbon pricing and subsidies for clean technologies, can steer behavior towards sustainability. Public and private finance are both crucial for supporting climate action, with innovative financial instruments playing an increasingly important role. Economic modelling helps policymakers and businesses assess the implications of climate policies, while investments in innovation and skills development are essential for a green economy.

The next section of this course will focus on the international dimensions of climate action, including global governance, international cooperation, and the role of non-state actors in addressing climate change.