Ultimately, the private sector must drive this transition—these are private contracts, and each of you must choose how you can best address this risk—but the public sector must help.
Aimed at raising the price of pollution, mitigation measures can be implemented through carbon tax, cap-and trade schemes, and reduction of fossil fuel subsidies. Despite of its obstacles, countries in the world should encourage international cooperation in mitigation measures by adopting minimum rates of carbon taxes, border tax adjustments, possible sectoral agreement, and establishing positive incentives for avoiding deforestation.