Seminar paper from the year 2017 in the subject Economy - Environment economics, grade: 2,3, University Witten/Herdecke (Wirtschaftswissenschaften), course: Ecological Economics, language: English, abstract: A man-made exacerbation of climate change has been widely accepted by the scientific community and calls for a paradigm shift in economic thinking. The new imperative demands for the global economy to achieve a factor-10 reduction of carbon dioxide within the next four decades. This undoubtedly calls for radical changes in the political, the economic as well as in the societal dimension. This essay reviews the different strategies that have been brought forwards by academics and activists aimed at combating global warming and assessing the effectiveness and legitimacy of such proposals.