Socio – economic Impacts of Climate Change: an Overview on Mitigation Approaches

Abstract

Globally, climate change is becoming a real and palpable threat to people's lives. It poses a serious threat to rural livelihoods, food security, and agriculture. Although the effects of climate change are seen worldwide, nations like India are particularly vulnerable because of their large agricultural population, which depends on the monsoon season. India has the difficulty of maintaining its fast economic expansion in the face of the growing global threat posed by climate change. India has already demonstrated its willingness to contribute to the global effort to combat climate change, and the Indian government has made solving these issues a key priority. The policy problem of climate change is intricate and has significant financial ramifications. Costs are a necessary component of all strategies and solutions to mitigate the negative effects of climate change. In order to plan and carry out adaptation and mitigation programs, funding is essential in developing nations. NABARD is currently implementing a number of measures to address the problems brought about by climate change, especially with regard to the rural economy and agricultural sectors. To support adaptation and mitigation efforts in India, NABARD seeks to direct financial resources from the public, private, and international sectors.

Keywords:- climate change, NABARD, mitigation, adaptation.