Climate change mitigation is related to costs. This chapter develops an outline of a win-win-oriented climate policy. As an introduction to the problem, the debate on abatement of costs is reviewed first. The discount rate partly influences how much money is spent on climate change mitigation. Therefore, this chapter discusses the question: 'What discount rate should be applied for problems that are likely to peak in the medium to long-term futureThe third section examines whether climate protection can yield benefits both for the environment and economy, thereby providing win-win opportunities. The last section discusses market-based measures as a means to increase the take up of win-win opportunities and to attract profit-minded investors for climate change mitigation.
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Renewable energy is energy that is generated from sunlight, rain, tides, geothermal heat and wind. These sources are naturally and constantly replenished, which is why they are deemed as renewable. The usage of renewable energy sources is very important when considering the sustainability of the existing energy usage of the world. While there is currently an abundance of non-renewable energy sources, such as nuclear fuels, these energy sources are depleting. In addition to being a non-renewable supply, the non-renewable energy sources release emissions into the air, which has an adverse effect on the environment.