Professional Documents
Culture Documents
UNIT-4
OBSERVED CHANGES AND ITS CAUSES
S.NO TOPICS
3. CDM in India
4. Kyoto Protocol
6. Climate sensitivity
7. Montreal Protocol
Learning Outcomes
To know about the causes of climate change and carbon credits, effect of changes in temperature and
climate on India.
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Climate change& carbon credit:
A Carbon Credit is a tradeable certificate or permit that gives the holder power to emit carbon dioxide or
other greenhouse gases over a certain period.
These Carbon Credits are generated from projects around the world that keep the Greenhouse Gases
(GHGs) altogether.
Carbon credits are basically market mechanisms for the reduction of greenhouse gas emissions and
slowing down climate change.
Regulatory bodies or governments set caps on the emission of greenhouse gasses. But for some
companies, a sudden reduction in emissions is not viable financially. Therefore they can purchase the
carbon.
Companies that are able to reduce the emission of greenhouse gases are usually credited with Carbon
Credits.
The sale of credits surpluses may be used for subsidizing the projects that would help the reduction of
greenhouse gas emissions.
The main motive of Carbon Credit is to reduce the emission of greenhouse gases so that the climate change
can be slowed down.
Carbon Credit allows the emission of greenhouse gases equivalent to one ton of carbon dioxide.
With this process, the nations can allot a certain number of carbon credits, and they can trade them.
It would help to restore the balance of worldwide emissions of greenhouse gases.
The intention is to reduce the number of Carbon Credits with time. It would allow companies across the
globe to figure out innovative ways to reduce greenhouse gases on their own.
Voluntary emissions reduction (VER): A carbon offset that is exchanged involuntary market for credits.
Certified emissions reduction (CER): credits created through a regulatory framework with an aim of
offsetting emissions from a project.
Carbon Credits can also be traded on both public and private markets. The current rules of training allow
the international transfer of credits as well.
The prices of Carbon Credits depend on the levels of demand of supply in the markets. So the price
fluctuates on the supply and demand in different countries.
Carbon Credits have proven beneficial to society. However, it is not easy for the average investor to start
using credits as an investment vehicle.
Certified Emissions Reductions are the only product that can be used as investments in credits.
However, the CERs(Certified Emissions Reductions) are sold by special carbon funds, which have been
established by big financial institutions.
The carbon funds give an opportunity for small investors to enter the market.
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Carbon Markets for Caron Credits
Carbon markets allow for the selling and buying of carbon emissions with the objective of reduction of
global emissions of greenhouse gases. Let’s see how the process of buying Carbon Credit works.
Carbon markets can reduce the emissions reduction over and above what the countries are doing on their
own. It can be explained with an example. The emission of greenhouse gases in a factory in India can be
achieved in two ways.
1. A country that hasn’t been able to reduce emissions can provide technology or financial support to that
factory in India to claim the reduction of emissions as its own.
2. on the other way, that factory in India can make investments and offer sales of emission reduction which
is called Carbon Credits. So other parties that are struggling to meet their target can purchase these
Carbon Credits and show these as their own.
In 1997, the UN came up with a Carbon Credit proposal to reduce carbon emissions into the atmosphere.
It is also known as Kyoto Protocol. This agreement implemented a limit on emissions for the countries
who signed it. The Kyoto Protocol divided the nations into two parts- Developing & industrialized
economies. In 2012 the first commitment period of the Kyoto Protocol ended.
At first, the carbon markets existed under the Kyoto Protocol, but it was replaced by the Paris
Agreement in 2020. However, there is a difference between the Kyto Protocol and Paris Agreement.
Article 6 of the Paris Agreement describes the provision related to setting up a new carbon market.
Article 6.2 allows bilateral arrangements for the transfer of emissions reductions.
Article 6.4 of the Paris Agreement is about a wider carbon market in which reductions can be bought
and sold by anyone.
Article 6.8 talks about the non-market approaches available to countries to achieve targets.
India is one of the fastest-growing markets in the world, generating approximately 30 million Carbon
Credits. This is the second-highest transacted volume in the world.
One Carbon Credit equals 1 ton of carbon dioxide or carbon dioxide equivalent gases. Or Carbon Credit
represents the ownership of 1 metric ton of carbon dioxide or other greenhouse gases that can be sold or
traded.
A government regulatory programme designed to limit, or cap, the total level of emissions of certain
chemicals, particularly carbon dioxide, as a result of industrial activity is known as cap and trade.
Cap and trade supporters argue that it is a more appealing alternative to a carbon tax. Both measures are
attempts to reduce environmental damage while causing the industry no undue economic hardship.
Cap-and-trade energy programmes aim to gradually reduce pollution by incentivizing businesses to
invest in clean alternatives.
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Carbon Trading Emissions under Kyoto Protocol
Article 17 of the Kyoto Protocol allows countries with excess capacity, i.e. emissions permitted but not
"used," to sell it to countries that are over their targets.
As a result, a new commodity in the form of emission reductions or removals was created.
Because carbon dioxide is the primary greenhouse gas, people simply refer to carbon trading.
Carbon is now tracked and traded in the same way that any other commodity is. This is known as the
'Carbon Market.'
Under the Kyoto Protocol emissions trading scheme, more than actual emission units can be traded and
sold.
Other units that may be transferred under the scheme, each of which is equivalent to one tonne of CO2,
include:
o A removal unit (RMU) is based on land use, land-use change, and forestry activities such as
reforestation.
o An emission reduction unit (ERU) produced by a joint implementation project.
o A certified emission reduction (CER) resulting from a clean development mechanism (CDM)
project activity. It is an activity in which a country with an emission-reduction target under the
Kyoto Protocol is permitted to implement an emission-reduction project in developing countries.
o The registry system tracks and records transfers and acquisitions of these units.
o An international transaction log ensures the secure transfer of emission reduction units between
countries.
India submitted its updated NDCs under the Paris Agreement to the United Nations Framework
Convention on Climate Change (UNFCCC) in August 2022, in which it stressed the fact that it is a step
ahead in achieving the long-term goal of Net Zero in 2070.
Under the updated NDCs, India is committed to reducing the emissions intensity of its gross domestic
products by 45 % from 2005 levels by 2030 and achieving 50 % of its cumulative electric power
installed capacity from non-fossil fuel sources of energy by 2030.
The country is working on expanding its supply chain in the solar manufacturing division.
PLI Scheme:
o Diversification of the supply chain by introducing a production linked incentive scheme for
the manufacturing of polysilicon cells into modules.
Clean Development Mechanism:
o In India, the clean development mechanism under the Kyoto Protocol provided a primary carbon
market for the players.
o The secondary carbon market is covered by the perform-achieve-trade scheme (which falls
under the energy efficiency category) and the renewable energy certificate.
Energy Conservation (Amendment) Bill, 2022:
o Empowers the Centre to specify norms and standards of energy efficiency for appliances,
industrial equipment and buildings with a connected load over 100 kiloWatts (kW) or a
contractual demand of more than 120 kilovolt-amperes (kVA).
Way Forward
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India is on the path to establishing a carbon market at the national level beginning with the voluntary
carbon market and then moving on to a compliance-based market.
The effects of climate change reduction should be favorable to sectors such as renewable energy, energy
efficiency, transportation, waste, afforestation and reforestation.
The carbon credits market favoured by appropriate regulations and policy will help in the creation of
suitable opportunities for the next decade.
CDM - Significance
It assists developed countries in meeting their pledges to reduce emissions.
It helps developing countries achieve long-term development.
CDM projects generate tradable, saleable certified emission reduction (CER) credits, which can be
used by industrialised countries to meet a portion of their Kyoto Protocol emission reduction targets.
CDM projects provide other benefits such as:
o investment in climate change mitigation projects in developing countries;
o technology transfer or diffusion in host countries; and
o improved community livelihoods through job creation or increased economic activity.
CDM – Challenges
Carbon Leakage: In theory, crediting methods could lessen leakage. In reality, the baseline against
which credits are awarded is defined, and this influences the amount of leakage in part.
Additionality, Transaction Costs & Bottlenecks: The Kyoto Protocol's environmental efficacy requires
additional emission reductions from the CDM.
The CDM is essentially a transfer of income to non-Annex I nations without any additionality.
However, additionality is a tough concept to demonstrate and is hotly contested.
CDM project approval has experienced delays (bottlenecks) due to additionality assessment.
Incentives: The CDM does not penalize increased emissions, but it does reward them. As a result, it is
almost like a subsidy for carbon reduction.
As a result, businesses may have a perverse incentive to increase their emissions in the short term in
order to qualify for credits for long-term emission reductions.
Local Resistance: According to some civil society organizations, the majority of CDM projects benefit
large corporations while harming marginalized individuals.
A grassroots campaign of waste pickers began to oppose a CDM project in New Delhi in 2012.
A CDM project in Panama in 2012 prevented the Panamanian government and the indigenous Ngöbe-
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Buglé people from reaching a peace agreement.
Market Deflation: The largest carbon market and the source of the majority of the demand for CERs
from the CDM is the European Union Emissions Trading Scheme.
The market price for CERs dropped by approximately 70% in a year, to a new record low of €2.67 per
tonne, in July 2012.
The low CER price was linked by analysts to the excess of EU emissions allowances, reduced pricing
for EU emissions allowances, and the weakening European economy.
The Protocol also offers them an additional means to meet their targets by way of three market-based
mechanisms:
International Emissions Trading: countries that emit less than they are allowed to can sell this
amount to industrialized countries that produce more than they should. In this way, it becomes
economically beneficial to reduce emissions.
Clean Development Mechanism (CDM)
Joint implementation (JI): With both CDM and JI countries can invest in an emission-reducing
project and gain credit points.
India was exempted from obligations to reduce greenhouse gas emissions under the law.
India placed special emphasis on the differences in the burden of duty for climate action between
industrialized and developing countries.
India was able to uphold its responsibility for socioeconomic growth while simultaneously pressuring
other industrialized nations in the Annex I category to shoulder greater responsibility for reducing
greenhouse gas emissions.
India has ratified the second commitment period of the Kyoto Protocol or the Doha Amendment to
meet the emission targets for the period 2012-2020.
India was the 80th country to accept the amendment.
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The International Panel on Climate Change (IPCC) is a United Nations intergovernmental group tasked
with expanding knowledge on human-caused climate change.
It is the international body in charge of evaluating climate change science.
The IPCC was created to offer policymakers with periodical evaluations of the scientific foundation of
climate change.
IPCC assessments offer a scientific foundation for governments at all levels to establish climate-related
policies, and they serve as the foundation for talks at the United Nations Framework Convention on
Climate Change (UNFCCC).
The IPCC creates comprehensive Assessment Reports on the current state of scientific, technological,
and socioeconomic knowledge about climate change, its consequences and future dangers, and
alternatives for slowing the rate of climate change.
It also publishes Special Reports on issues agreed upon by its member states, as well as Methodology
Reports that give guidance for greenhouse gas inventories.
The IPCC is a globally recognised authority on climate change, and its findings are largely accepted by
top climate scientists and governments.
Its studies are crucial to the United Nations Framework Convention on Climate Change
(UNFCCC), with the Fifth Assessment Report strongly influencing the historic Paris Agreement in
2015.
The IPCC and Al Gore shared the 2007 Nobel Peace Prize for their contributions to human
understanding of climate change.
The IPCC's core function is the production of reports evaluating the state of knowledge about climate
change.
Assessment reports, special reports, and methodological reports are examples of these.
The IPCC holds meetings of its government representatives to approve, adopt, and accept reports,
which are held as plenary sessions of the Panel or IPCC Working Groups.
The IPCC Plenary Sessions also set the IPCC work program and other matters, such as its budget and
report outlines.
The IPCC Bureau meets on a regular basis to advise the Panel on scientific and technical elements of
its work.
To develop reports, the IPCC arranges expert scoping sessions and leads author meetings.
To complement its work program, it arranges expert meetings and seminars on a variety of issues and
publishes the outcomes of these gatherings.
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The IPCC participates in outreach initiatives produced by the IPCC or hosted by other organizations
to share its results and explain its work, and also offers speakers at other conferences.
Special Reports have been prepared on a variety of topics, including aviation, regional climate change
impacts, technology transfer, emission scenarios, land use, land use change, and forestry, carbon
dioxide capture and storage, and the relationship between ozone protection and the global climate
system.
The IPCC also has a Task Force on National Greenhouse Gas Inventories whose primary goal is to
develop and improve a methodology for calculating and reporting national greenhouse gas emissions
and removals.
Measures Needed:
According to experts, mitigation and adaptation are important measures that need equal focus in
funding. India must look for diverse sources of funding apart from funding from developed countries.
There is a need for better global cooperation between the public and private sectors in climate
finance and more support must be extended to developing countries.
Panel members also opined that apart from loans, climate funding must also include grants, bonds,
equity, financial guarantee, etc.
Urban redistributive policies and a focus on the decarbonising energy sector are important measures
needed. Some of the ways to decarbonise the energy sector are to reduce the demand for fuel and
the creation of infrastructure that gives more space for public transport, cyclists and pedestrians.
According to the second edition of the IPCC report, India would suffer greatly if emissions are not cut.
If emissions continue, India would experience food and water scarcity, heat nearing human survival
limits, substantial economic destruction, and rising sea levels.
According to the IPCC assessment, approximately 3.5 billion people, or 45 percent of the world
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population, live in climate-vulnerable areas.
The ability of humans and natural ecosystems to adapt is also being challenged, according to the
research, and rises in global warming will make it more difficult for them to adapt.
Wet-bulb temperatures (which combine humidity and heat) will rise in India, potentially exceeding
the unsurvivable threshold of 35 degrees Celsius.
Because of its nearly 7000 km coastline, India will face significant dangers from increasing sea levels.
Furthermore, the Indian Ocean is warming faster than the rest of the world.
Coastal flooding will affect around 28.6 million people in the port cities of Kochi, Kolkata, Chennai,
Surat, Visakhapatnam, and Mumbai.
Retreating snowlines can affect precipitation patterns, the water cycle, increasing floods, and water
scarcity in states across the Himalayas.
Summer and yearly monsoon rains are both anticipated to rise.
IPCC – Recommendations
Climate sensitivity:
Climate sensitivity is a measure of how much Earth's surface will cool or warm after a specified factor
causes a change in its climate system, such as how much it will warm for a doubling in the atmospheric
carbon dioxide (CO2) concentration.
In technical terms, climate sensitivity is the average change in global mean surface temperature in
response to a radioactive forcing, which drives a difference between Earth's incoming and outgoing
energy. Climate sensitivity is a key measure in climate science, and a focus area for climate scientists, who
want to understand the ultimate consequences of anthropogenic global warming.
The Earth's surface warms as a direct consequence of increased atmospheric CO 2, as well as increased
concentrations of other greenhouse gases such as nitrous oxide and methane. The increasing temperatures
have secondary effects on the climate system, such as an increase in atmospheric water vapour, which is itself
also a greenhouse gas. Scientists do not know exactly how strong the climate feedbacks are and it is difficult
to predict the precise amount of warming that will result from a given increase in greenhouse gas
concentrations.
Measures:
Depending on the time scale, there are two main ways to define climate sensitivity: the short-
term transient climate response (TCR) and the long-term equilibrium climate sensitivity (ECS), both of
which incorporate the warming from exacerbating feedback loops. They are not discrete categories, but they
overlap. Sensitivity to atmospheric CO2 increases is measured in the amount of temperature change for
doubling in the atmospheric CO2 concentration.
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Montreal Protocol:
Montreal Protocol is an essential Multilateral agreement that is introduced concerning the Depleting ozone
layer. There are many man-made substances and chemicals that are known as ozone-depleting substances
(ODS). The Montreal Protocol agreement regulates the production, consumption, and emission of such
substances that are responsible for ozone depletion in the stratosphere. Initially, the agreement was called the
Montreal Protocol on Substances that deplete the Ozone Layer.
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cases are anticipated to be avoided with the complete implementation of the Montreal Protocol.
By 2050, the ozone layer is anticipated to recover thanks to the Protocol.
Compared to 1990 levels, Parties to the Protocol have been able to phase out 98 percent of ODSs.
Since the majority of ODSs are also greenhouse gases, the Protocol also aids in the fight against global
warming.
The protocol is thought to have contributed to a reduction in greenhouse gas emissions of 135 gigatons
of carbon dioxide, or 11 gigatons per year, between 1990 and 2010.
A Protocol amendment known as the Kigali Amendment has assisted in reducing HFC emissions and
the rise in global temperatures.
Objective
According to Article 2, the Convention’s ultimate objective is “to achieve, stabilization of greenhouse
gas concentrations in the atmosphere at a level that would prevent dangerous anthropogenic
interference with the climate system”.
This objective is qualified in that it “should be achieved within a time frame sufficient to allow
ecosystems to adapt naturally to climate change, to ensure that food production is not threatened and to
enable economic development to proceed in a sustainable manner”.
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Structure
India’s stance
India played a mixed role at the recently concluded 25th Conference of Parties (CoP 25) to the United
Nations Framework Convention on Climate Change at Madrid.
On the question of markets, India emphasised the transition of the Clean Development Mechanism
(CDM) credits earned under the Kyoto Protocol to the Paris Agreement.
Pointed out that that excessively cheap emissions reductions enabled by the CDM as well as the
possibility of double counting could corrupt the process.
India played a strong role in critiquing the developed world’s continuing poor record on climate action.
It argued that unless a stocktaking exercise of the fulfilment of various pre-2020 commitments by
developed countries, India would not raise its climate ambition for its next round of Paris Agreement
targets due in 2020.
India also took a lead in calling for more finance for developing countries for climate action.
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Limitations of UNFCCC
Non-inclusive: Most scientists agree the most dangerous environmental air pollutants today are
microscopic particulates that come from car engines and combustion-based power plants, but these
pollutants are largely ignored by the Kyoto Protocol.
Slow progress: It took a long time for COP to bring Russia to agree into participating in the Kyoto
Protocol. (until 2005)
UNFCCC failed to persuade USA to ratify the Kyoto protocol thereby keeping one of the largest
emitter of greenhouse gases away from commitments.
Unsustainable targets: The world reached at almost 1degree Celsius warming post industrialization
and the Paris contributions are not enough to maintain 2 degree Celsius levels.
Unsatisfactory Response: Many countries argued for a tougher target of 1.5C – including leaders of
low-lying countries that face unsustainable sea levels rises in a warming world.
Financial Constraints: The agreement requires rich nations to maintain a $100bn a year funding
pledge beyond 2020, which is not enough as highlighted by several pacific island countries.
Non-binding agreement: The US withdrawal from the 2015 Paris climate agreement, citing, that the
deal punished” the US and would cost millions of American jobs”, has created new barriers and more
pressure on rest of the nations in achieving the targets of Paris agreement.
No enforcement mechanism: Under the Paris agreement, each country determines, plans, and reports
its own efforts to mitigate global warming. The only penalty for non-compliance is a so-called “name
and shame” — or “name and encourage” — system whereby countries that fall out of compliance are
called out and encouraged to improve.
Way Forward
Adaptation is increasingly becoming central to efforts on mitigating the climate change impacts.
A greater readiness on the part of all nations is required to take forward the goals on mitigation.
Countries have to compromise on their erstwhile hard positions, to make progress in reducing
emissions and building climate resilience.
It is entirely appropriate for countries such as India to insist on not taking on an even more unfair share
of the global mitigation burden unless developed countries deliver on the minimal parameter of
fulfilling their existing promises.
It is crucial that India continue to push developed countries in this fashion as the entire global climate
action framework has been put in jeopardy by the inaction of big polluters.
Scientists agree that the earth’s rising temperatures are fueling longer and hotter heat waves, more
frequent droughts, heavier rainfall, and more powerful hurricanes.
The impacts of global warming are being felt everywhere.
Extreme heat waves have caused tens of thousands of deaths around the world in recent years.
Antarctica has lost nearly four trillion metric tons of ice since the 1990s.
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It is causing the permafrost to thaw in the Arctic region.
The rate of loss could speed up if we keep burning fossil fuels at our current pace, some experts say,
causing sea levels to rise several meters in the next 50 to 150 years and wreaking havoc on coastal
communities worldwide.
The earth’s ocean temperatures are getting warmer, so tropical storms can pick up more energy.
In other words, global warming can turn a category 3 storm into a more dangerous category 4 storm.
Scientists have found that the frequency of North Atlantic hurricanes has increased since the early
1980s, as has the number of storms that reach categories 4 and 5.
The effect of climate change has recently been seen in some cities of India like Delhi, Hyderabad, and
especially Chennai where the city was facing a water crisis and was relying on alternative water sources such
as distant, unreliable public water pumps, and costly private water tankers.
Global Temperature Rise: The planet’s average surface temperature has risen about 1.62 degrees
Fahrenheit (0.9 degrees Celsius) since the late 19th century, a change driven largely by increased
carbon dioxide and other human-made emissions into the atmosphere. Most of the warming occurred in
the past 35 years, with the five warmest years on record taking place since 2010.
Warming Oceans: The oceans have absorbed much of this increased heat, with the top 700 meters
(about 2,300 feet) of ocean showing warming of more than 0.4 degrees Fahrenheit since 1969.
Shrinking Ice Sheets: The Greenland and Antarctic ice sheets have decreased in mass. Data from
NASA’s Gravity Recovery and Climate Experiment show Greenland lost an average of 286 billion
tons of ice per year between 1993 and 2016, while Antarctica lost about 127 billion tons of ice per year
during the same time period. The rate of Antarctica ice mass loss has tripled in the last decade.
Glacial Retreat: Glaciers are retreating almost everywhere around the world — including in the Alps,
Himalayas, Andes, Rockies, Alaska, and Africa.
Decreased Snow Cover: Satellite observations reveal that the amount of spring snow cover in the
Northern Hemisphere has decreased over the past five decades and that the snow is melting earlier.
Sea Level Rise: Global sea level rose about 8 inches in the last century. The rate in the last two
decades, however, is nearly double that of the last century and is accelerating slightly every year.
Declining Arctic Sea Ice: Both the extent and thickness of Arctic sea ice has declined rapidly over the
last several decades.
Extreme Events: The number of record high-temperature events in the United States has been
increasing, while the number of record low-temperature events has been decreasing, since 1950. The
U.S. has also witnessed increasing numbers of intense rainfall events.
Ocean Acidification: Since the beginning of the Industrial Revolution, the acidity of surface ocean
waters has increased by about 30 percent. This increase is the result of humans emitting more carbon
dioxide into the atmosphere and hence more being absorbed into the oceans. The amount of carbon
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dioxide absorbed by the upper layer of the oceans is increasing by about 2 billion tons per year.
“A New Climate for Peace: Taking Action on Climate and Fragility Risks”, an independent report
commissioned by members of the G7, identifies seven compound climate-fragility risks that pose serious
threats to the stability of states and societies in the decades ahead:
Local resource competition: As the pressure on natural resources increases, competition can lead to
instability and even violent conflict in the absence of effective dispute resolution.
Livelihood insecurity and migration: Climate changes will increase the human insecurity of people
who depend on natural resources for their livelihoods, which could push them to migrate or turn to
illegal sources of income.
Extreme weather events and disasters: Extreme weather events and disasters will exacerbate
fragility challenges and can increase people’s vulnerability and grievances, especially in conflict-
affected situations.
Volatile food prices and provision: Climate change is highly likely to disrupt food production in
many regions, increasing prices and market volatility, and heightening the risk of protests, rioting, and
civil conflict.
Transboundary water management: Transboundary waters are frequently a source of tension; as
demand grows and climate impacts affect availability and quality, competition over water use will
likely increase the pressure on existing governance structures.
Sea-level rise and coastal degradation: Rising sea levels will threaten the viability of low-lying areas
even before they are submerged, leading to social disruption, displacement, and migration, while
disagreements over maritime boundaries and ocean resources may increase.
Unintended effects of climate policies: As climate adaptation and mitigation policies are more
broadly implemented, the risks of unintended negative effects—particularly in fragile contexts—will
also increase.
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