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Global Climate Change and Its Impacts

have keenly captured market opportunities arising from climate change and are actively
investing in relevant technology companies. In the renewable energy technology sector,
solar photovoltaic enterprises and wind power companies have become prime targets for
venture capital. Venture capital not only provides enterprises with fundand plant varieties
with strong carbon sequestration capabilities, as well as microbial strains that can efficiently
convert biomass into biofuels. From an investment trend perspective, venture capital’s focus
on emerging technologies in the climate change field continues to grow. Venture capital
institutions have keenly captured market opportunities brought by climate change and have
successively injected funds into relevant technology enterprises. In the renewable energy
technology sector, solar photovoltaic enterprises and wind power generation companies
have become popular targets for venture capital. Venture capital not only provides financial
support to enterprises but also helps them expand markets and optimize business models. In
energy storage technology, investments in new battery technology R&D enterprises continue
to increase to address the intermittency of renewable energy generation. Government funding
also plays a crucial role in emerging technology research and development. Governments
worldwide recognize the urgency of addressing climate change and have increased capital
investment in climate-related emerging technologies. Through establishing special scientific
research funds and providing R&D subsidies, governments encourage research institutions
and enterprises to conduct technological innovations. In carbon capture and storage (CCS)
technology development, government funding has facilitated comprehensive development
from basic research to demonstration project construction. Governments also guide through
policies to encourage enterprises to increase investment in emerging technology R&D,
promote industry-academia-research collaboration, accelerate technology commercialization,
and drive widespread application of emerging technologies in climate change mitigation.

Section 5 Social Ethics and Morality in Future Climate
Change ResponseConsiderations

I. Intergenerational Equity and Responsibility Sharing in Addressing
Climate Change

The impacts of climate change are not confined to the present; its far-reaching con-
sequences will span generations. The principle of intergenerational equity holds critical
significance in this process, demanding that the current generation fullyconsiderThe rights
and interests of future generations, ensuring they possess equal opportunities as the present
generation in utilizing Earth’s resources and enjoying favorable ecological environments.
As current dominant users and stewards of Earth’s ecosystem, the present generation bears
multiple significant responsibilities. On one hand, regarding climate change mitigation,
comprehensive advancement of energy sector transformation must be fully promoted. Vigor-

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