Climate change and its effects are one of the most significant challenges for the future generations. A brief research of IEER – based on domestic and international literature – focuses on presenting the effects of climate change to the Hungarian economy. Human activity – through the emission of greenhouse gases – plays a significant role in climate change. To offset the adverse effects caused by climate change we can follow one of two strategies: basically focusing on adapting to the effects (adaptation strategy) or taking primary steps to mitigate climate change (mitigation strategies). In the following lines can be read the main findings of this analysis based on domestic and international literature.