Editing Climate and Environmental Economics (section)

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''This page is about the intersection of economics and machine learning in the context of climate change mitigation. For an overview of the field of economics, please see the [https://en.wikipedia.org/wiki/Economics Wikipedia page] on this topic.''

Production processes, trade and consumption of goods and services are major drivers of global greenhouse gas emissions contributing to anthropogenic climate change. At the same time, climate change affects economic activity locally and globally. A subfield of economics focusses on optimal mitigation and adaption policies and the economic assessment of climate change impacts. Key challenges in quantifying the economic effects of climate change and in designing and analyzing policy instruments are the availability of data and the application of quantitative tools to inform policymaking. ML offers new approaches to generate data and can help to evaluate the effectiveness of implemented policies.