A Global Analysis of the Policies and Regulations in Place to Address the Impacts of Climate Change

Abstract

Primary policy tools include the target decomposition and evaluation system, the accounting and reporting system, and the carbon emission trading program. This research provides an overview of climate governance by tracing the development of policies, analyzing main policy instruments, determining the degree to which policies are successful, and identifying obstacles. This research illustrates that: (1) climate policies have a favorable influence on carbon reduction, economic development, technological innovation, and energy efficiency; and (2) climate policies provide numerous spillover benefits that are not related to climate change. The ramifications for public policy include the adoption of national legislation, the optimization of the policy mix, the equitable distribution of the tradeoffs across governments, and the enhancement of public participation. Overall, this research discusses the policies for climate change. Also, it shows the structured process, including a panel of experts and the participation of stakeholders, will be designed to establish and assess policy options.