Wirtschafts- und Wirtschaftsjournal

The Economics of Climate Change: Understanding the Costs and Benefits of Mitigation and Adaptation Strategies

Abstract

Alberto Villaverde*

Climate change is one of the most pressing challenges of our time. As the planet warms, we are seeing an increase in extreme weather events, rising sea levels, and a loss of biodiversity. These changes are not only detrimental to the environment but also have significant economic consequences. In this article, we will explore the economics of climate change and the costs and benefits of mitigation and adaptation strategies.