ABSTRACT
This chapter examines several other mitigation and management options being utilized today including cap and trade as a policy tool, how the carbon trading market works in an international arena, the need for global action, and possible economic implications. It also examines the carbon pricing rationale and compares it with the cap and trade approach. Climate change mitigation refers to efforts taken to reduce or prevent the emission of greenhouse gases (GHGs). Mitigation can mean several things. It can mean using new technologies and renewable energies, making older equipment more energy efficient, or changing the management practices or consumer behavior. The chapter presents several financial and technological strategies to handle the mitigation of climate change. Whichever methods are used will ultimately depend on the region, available technology, available finances, political policy, and prevailing social paradigm.
