When I think about climate changes, how can I approach and solve the issues in terms of economics?

I can refer to and develop the following sentences more with economic terms.

Please give me some ideas and explain to me some methods.

Inclusive, pro-poor growth is a central objective of development policy. As climate resilience

emerges as an equally important development concern, it is worth asking to what extent existing

growth policies are compatible with the adaptation needs of developing countries.

Low-income countries are much more vulnerable to climate change than richer nations

The reason is a combination of three features:

1. a higher physical exposure in many areas (e.g. proximity to temperature thresholds),

2. a higher economic sensitivity to climate events (e.g. heavier reliance on agriculture) and

3. a lower adaptive capacity (i.e. a lower ability to deal with climate stress).

The last two of these features are strongly influenced by economic growth. The ability to

absorb climate stress, in particular, depends on factors that are highly correlated with economic

growth, such as good institutions, strong health and sanitation systems, high levels of education

and a well-developed financial sector.