This book explores climate change risks and societal and economic reactions by uniting researchers from environmental economics, political science, and business management. It examines how economic sectors are affected by climate risks and the adaptive actions needed, emphasizing the economic impacts of climate change.

Climate change, one of humanity's greatest challenges, poses risks to communities and businesses that remain inadequately understood. Environmental economics examines the link between environmental quality and economic behavior, aiming to address resource issues and craft policies that tackle pollution, biodiversity loss, and sustainable growth. By creating markets to manage pollutants like carbon, environmental economics has shaped global policy and highlighted how environmental health influences public well-being and economic stability.

Uncertainty complicates environmental policymaking, given non-linear harm functions, irreversibilities, and long timeframes. The challenge lies in integrating uncertainty into policy design, making it a vital area of study.

The Sustainable Development Goals (SDGs) underscore the interdependence of social, economic, and environmental sectors, showing climate change's broad impact. Topics like mitigation, adaptation, and carbon tax policies illustrate the growing significance of environmental economics. Achieving the SDGs requires balancing economic and environmental priorities, highlighting the need for sustainable strategies to address global environmental challenges.

Dr. Rishikesh Singh is an assistant professor at Amity School of Earth and Environmental Sciences, Amity University Punjab (AUP), Mohali, India. Dr. Singh completed his Ph.D. from the Institute of Environment & Sustainable Development (IESD), Banaras Hindu University (BHU), Varanasi, and a Post-doctoral fellowship (NPDF) from the Department of Botany, Panjab University, Chandigarh. His research interests include various dimensions of ecology and environmental science, viz., vegetation analysis, tree seedling ecology, invasion ecology, urban ecology, soil carbon dynamics, land use change and management, biochar technology, etc. He has worked on different ecosystems, including dry deciduous forests and savannas, riparian landscapes, and urban and agroecosystems of the tropical region. His major contribution to science is in “Biochar and Agro-ecology”. Dr. Singh received the Young Scientist Award from the National Environmental Science Academy (NESA), New Delhi, in 2022. He is credited with publishing over 90 Scopus-indexed publications in various international journals and books published by Elsevier, Springer Nature, Wiley and CRC Press, etc. He is also serving as an editorial board member of several reputed international journals.

Dr. Rahul Bhadouria is an assistant professor at the Department of Environmental Studies, Delhi College of Arts and Commerce (University of Delhi), Delhi, India. He obtained his doctorate in Environmental Science from the Department of Botany, Banaras Hindu University, India. His areas of research are plant ecology, soil ecology, ecophysiology, and urban ecology. He has published more than 25 papers, 30 book chapters, and 15 edited books in internationally reputed journals/publishers. His current research activities are related to management of soil C dynamics to mitigate climate change, a perspective on tree seedling survival and growth attributes in tropical dry forests under the realm of climate change, plant community assembly, functional diversity, and soil attributes along the forest-savanna-grassland continuum in India, recovery of degraded mountains in the central Himalayas and urban ecology. He is serving as an editorial board member of several reputed international journals.

Dr. Sachchidanand Tripathi is a Professor at the Department of Botany, Deen Dayal Upadhyaya College, University of Delhi, Delhi, India. He obtained a doctoral degree from the Department of Botany, Banaras Hindu University, India. His research interests include plant ecology, soil ecology, ecophysiology, and urban ecology. He has published over 50 publications (including research publications, books and book chapters, conference proceedings) in reputed international journals and publishers. He is serving as an editorial board member of several reputed international journals.