What is a climate risk mitigation strategy?

Prepare for the GARP Sustainability and Climate Risk Exam. Study with flashcards and multiple choice questions, each question includes hints and explanations. Gear up for success with our materials!

A climate risk mitigation strategy is defined as actions taken to reduce long-term climate risks. This encompasses a broad array of efforts aimed at minimizing the potential negative impacts of climate change on ecosystems, economies, and communities. These strategies are proactive and may include measures such as improving energy efficiency, enhancing public transportation systems, implementing sustainable agriculture practices, or developing resilient infrastructure.

By focusing on actions that directly address the challenges posed by climate risks, the strategy serves to not only protect the environment but also to safeguard social and economic well-being over time. While tax incentives for green technologies can be part of the broader strategy, they exist within the context of a wider set of initiatives aimed explicitly at reducing climate risks. Thus, while investment in renewable energy is a valuable component of climate risk mitigation, it represents just one aspect of a comprehensive approach.

This option effectively captures the essential purpose of climate risk mitigation strategies, which is to build resilience and reduce vulnerability to the increasingly evident threats posed by climate change.

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