ABSTRACT

Climate change is one of the most challenging issues facing the world today. Global awareness of the phenomenon of climate change is growing rapidly, and an increasing number of policy actions are underway to tackle climate change. However, it is indicated that current legislative plans in the aggregate are not sufficient to avoid dangerous climate change (e.g., Riahi et al., 2012). This emphasizes the need for examining quantitative strategies for climate change mitigation that can help achieve global climate stabilization at a safe level.