Կլիմայի փոփոխության ազդեցությունը համաշխարհային տնտեսության վրա / NAVIGATING CLIMATE'S IMPACT ON THE WORLD ECONOMY

Abstract

Climate change, a global phenomenon of paramount concern, has profound implications for the world economy. This scholarly paper thoroughly examines the many effects of climate change on the worldwide economic environment, utilizing a wide range of research and analysis. This study examines the direct economic impacts that result from rising temperatures and severe weather occurrences. The text thoroughly analyzes the impact of climate policies, such as carbon pricing and renewable energy subsidies, by evaluating their respective expenses and advantages. Furthermore, the paper examines the economic prospects that arise when the global economy shifts towards a low-carbon model, with a particular focus on the expansion of environmentally-friendly industries and the promotion of innovation. This paper aims to offer a comprehensive understanding of the complex correlation between climate change and the global economy. This emphasizes the immediate requirement for synchronized worldwide efforts to reduce the negative effects of climate change, while also emphasizing the economic prospects that come with moving to a more environmentally friendly global economy. The primary objective of this study is to enhance the overall understanding of different viewpoints. One important discovery of the research is that policymakers, corporations, and individuals need to effectively handle the difficulties and possibilities arising from the changing climate conditions.