Climate Economics is a multidisciplinary field that tries to address the issues of how climate change affects our economy and society head on, often with the explicit aim of trying to help policymakers. Climate Economics encompasses the study of the costs and benefits of mitigating climate change. It delves into complex issues and seeks to identify cost-effective strategies to reduce greenhouse gas emissions, assess the economic risks associated with climate-related events, and explore innovative economic policies and market mechanisms, like emissions trading, which can incentivize a transition to a more sustainable, low-carbon future.