Climate Change and International Economic Policy

Abstract

The challenge of climate change, which requires strong global economics policies, is a major threat to both the environment and the world’s economy. The article highlights the scientific basis of climate change, its economic impacts and policy responses necessary to address it, in an attempt to bring international economic policies into line with this. We will examine the mechanisms for greenhouse gas emissions, their role in climate change and its economic consequences, which include costs to agriculture, and health care as well as international trade. International agreements like the Paris Agreement and Kyoto Protocol are highlighted in this analysis as well as market solutions for carbon pricing and energy subsidies to renewables. We also look at the different approaches to combating climate change being taken by advanced and emerging countries, as well as their essential role in global organizations. The article concludes with future directions, including advances in green technology and sustainable finance, proposing a roadmap for policymakers to effectively mitigate climate change impacts while fostering economic resilience.