ABSTRACT
Climate change has emerged as a critical issue for the global economy, both in terms of its predicted socioeconomic impacts and the mitigation measures implemented to limit its effects. A crucial question that has attracted the attention of economists and climate policy analysts is whether the transition to a less emissions-intensive economic system will reduce the rate of growth of the global economy. This question has yet to be resolved, but several recent studies have concluded that the transition could be achieved with little change in long-term growth rates and may even stimulate growth (see mitigation). Much depends on the types of mitigation policies adopted by governments, the impacts these have on the development and deployment of lowemission technologies, and how organizations respond to these policy measures.
