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@article{173117,
        author = {Prof. Rajesh Chouhan},
        title = {The Economic Implications of Climate Change: A Deep Dive},
        journal = {International Journal of Innovative Research in Technology},
        year = {2025},
        volume = {11},
        number = {9},
        pages = {2614-2618},
        issn = {2349-6002},
        url = {https://ijirt.org/article?manuscript=173117},
        abstract = {This paper examines the economic implications of climate change, exploring the costs of inaction and the benefits of proactive measures. It analyzes the economic risks associated with both the physical impacts of climate change (e.g., extreme weather events) and the transition to a low-carbon economy. The paper argues that while climate change poses economic risks, it also offers substantial economic benefits through job creation in green sectors, increased innovation in clean technologies, improved public health due to reduced air pollution, and enhanced resilience to climate impacts. Effective economic policies, including carbon pricing, renewable energy subsidies, research and development funding, and international cooperation, are crucial for mitigating climate change and fostering sustainable economic growth. These policies can incentivize the transition to cleaner energy sources, drive innovation, and promote a more resilient and prosperous future. The paper concludes that the economic advantages of climate action, including job creation, innovation, and improved health, outweigh the costs of inaction, emphasizing the need for decisive policy interventions.},
        keywords = {Climate Change Economics, Economic Impacts of Climate Change, Costs of Climate Inaction, Benefits of Climate Action, Economic Risks of Climate Change, Low-Carbon Economy, Sustainable Economic Growth},
        month = {February},
        }