Climate change is one of the most pressing challenges facing the world in the 21st century. There is a consensus among scientists about the causes of this phenomenon: the emission of carbon dioxide and other greenhouse gas from electricity generation, transportation, industry, and agriculture. Yet, these are the same drivers of economic growth and, therefore, poverty alleviation globally. For many years the cornerstone of climate policy was striking a balance between economic development and the protection of the planet. However, nowadays it is much clearer that the world's future welfare depends heavily on the extent to which we address climate change: instead of being a limit to future development, the mitigation of climate change is a necessary condition for it.