During the past decade the issue of a general welfare double dividend (an improvement in environmental quality combined with a positive welfare effect) triggered by a tax shift from labour to energy resources has been extensively debated. In this book, Kurt Kratena studies the employment effects of revenue neutral tax shifts from labour to energy, and measures the impact on theoretical and empirical models of the European labour market. A common theoretical framework is devised to analyse the impact of environmental tax reform. Various 'labour market regimes' (competitive labour markets, union wage bargaining and efficiency wages) are derived and taken as the starting point for different specifications of the labour market. The theoretical outcomes of tax shifts in these different labour market regimes are then analysed and compared. The results reveal that whereas an econometric based multi-sectoral model yields significant double dividend effects, a general equilibrium model only finds employment double dividend effects. The book also highlights the potentially positive economic consequences of environmental tax reform such as a shift in demand from energy to non-energy goods. This book provides a concise appraisal of the general double dividend question combined with an innovative analysis of the employment double dividend effect. It utilises extensive empirical evidence and reveals the sensitivity of the various theoretical concepts surrounding the debate. This book will be of interest and relevance to academics in the fields of environmental economics, labour theory and fiscal studies.

The Great East Japan Earthquake of March 2011 left the entire world in a state of shock. The international community was unable to fathom how a major economic power, with one of the most extensive natural disaster preparedness programs in the world, could be laid bare to such destruction. Even other highly developed countries began questioning their own abilities to handle natural disasters. Different nations have faced disasters of varying intensity throughout history, and it is in the best interests of the global community to share experiences and wisdom in order to minimize damage wrought by future catastrophes.
Based on conference proceedings presented at The Chinese University of Hong Kong in November 2012, Natural Disaster and Reconstruction in Asian Economies offers leading insight into and viewpoints on disasters from scholars and journalists working in Japan, China, the United States, and Southeast Asia. Yau Shuk-ting focuses on a broader scope of disasters, such as political, economic, social, cultural, and environmental crises, as well as psychological traumas. This work gathers together international wisdom from a variety of perspectives in the hope that nations will be better able to manage future disasters and their economic and cultural fallout.

1 Einleitung.- 1.1 Problemstellung.- 1.2 Vorgehensweise.- 2 Handelspolitische Konzepte und Umweltpolitik.- 2.1 Freihandel und Handelsliberalisierung.- 2.1.1 Smith, Ricardo und die Natur.- 2.1.2 Marktversagen und naturliche Ressourcen.- 2.1.3 OEkonomische Loesungen bei Marktversagen mit negativen Umweltauswirkungen.- 2.1.4 Die oekologische Kritik am neoliberalen Ansatz des Umweltschutzes.- 2.1.5 Konstanter Rohstoffverbrauch.- 2.2 Entwicklung der Umweltoekonomie nach oekologischer Kritik.- 2.2.1 Neue Impulse durch die OEkologische Umweltoekonomie.- 2.2.2 Der Mainstream der Umweltoekonomie.- 2.3 Zusammenfassung.- 3 Handel, Umweltschutz und zwischenstaatliche Beziehungen.- 3.1 Handelspolitische Effekte auf die Umweltpolitik.- 3.1.1 Produkteffekte.- 3.1.2 Skaleneffekte.- 3.1.3 Struktureffekte.- 3.2 Auswirkungen der Umweltpolitik auf internationalen Handel.- 3.2.1 Umweltpolitische Instrumente.- 3.2.2 Politisch relevante Effekte umweltpolitischer Instrumente.- 3.3 Empirische Beobachtungen.- 3.3.1 Negative Auswirkungen.- 3.3.2 Positive Effekte.- 3.3.3 Umweltpolitische Handlungsmoeglichkeiten.- 3.4 Bewertung.- 3.4.1 Effekte des internationalen Handels auf internationale Umweltpolitik.- 3.4.2 Internationale Umweltschutzabkommen.- 3.5 Konflikte zwischen Entwicklungs- und Industrielandern.- 3.5.1 Positionen des Sudens im Querschnittsbereich von Handels- und Umweltpolitik.- 3.5.2 "Gruner Protektionismus" und "OEkoimperialismus".- 3.6 Fazit.- 4 Umweltschutz im GATT/WTO-System.- 4.1 Die Entwicklung des Welthandelssystems und die Integration von Umweltschutz.- 4.1.1 Vom GATT zur WTO.- 4.1.2 Grundprinzipien.- 4.1.3 Ausnahmen und institutionelle Probleme.- 4.1.4 Multilaterale Handelsrunden.- 4.1.5 Wichtige Weichenstellungen.- 4.1.6 Die WTO.- 4.2 Die WTO und Umweltschutz.- 4.2.1 Institutionelle Entwicklungen.- 4.2.1 Die Konferenz von Seattle und moegliche Folgen.- 4.2.2 Grunde fur das "Scheitern" und Blick in die Zukunft.- 4.3 Streitschlichtungsverfahren aufgrund umweltpolitischer Handelsmassnahmen.- 4.3.1 Entwicklung im GATT.- 4.3.2 Streitschlichtung in der WTO.- 4.3.3 Streitschlichtung bei umweltpolitischen Handelsmassnahmen.- 4.4 Eine vorlaufige Analyse der Schlichtungsverfahren.- 4.4.1 Internationale Umweltschutzabkommen.- 4.4.2 Produktions- und Prozessmethoden.- 4.4.3 ArtikelXX-Praambel.- 4.4.4 Artikel XX (b).- 4.4.5 Artikel XX (g).- 4.5 Das Komitee fur Handel und Umwelt.- 4.5.1 Institutionelle Entwicklung.- 4.5.2 Das CTE in der WTO.- 4.5.3 Das CTE-Arbeitsprogramm.- 4.5.4 Aktueller Diskussionsstand.- 4.5.5 OEffentliche Kritik.- 4.6 Implikationen.- 4.6.1 Die Suche nach dem Ausgleich.- 4.6.2 Implikationen der Streitfalle.- 4.6.3 Politoekonomische Zusammenhange.- 4.6.4 Grenzen der Abwagung.- 5 Die EU, Umweltschutz und Handelspolitik.- 5.1 Umweltpolitik im Binnenmarkt.- 5.1.1 Die Entwicklung der Umweltpolitik in der EU.- 5.1.2 Die Rechtsgrundlagen europaischer Umweltpolitik.- 5.1.3 Umweltpolitik und politische Integration.- 5.1.4 Kritik und Unzulanglichkeiten europaischer Umweltpolitik.- 5.1.5 Der Europaische Gerichtshof und umweltpolitische Handelsmassnahmen.- 5.2 Die internationale Dimension europaischer Umweltpolitik.- 5.2.1 Die Entwicklung internationaler Umweltpolitik der Gemeinschaft.- 5.2.2 Die EU als Akteur.- 5.2.3 Das 5. Umweltaktionsprogramm - "Hin zu Nachhaltigkeit".- 5.3 Die internationale Handelspolitik der Gemeinschaft.- 5.3.1 Die Position der Gemeinschaft im Welthandel.- 5.3.2 Die Rechtsgrundlagen.- 5.3.3 Handelspolitische Instrumente.- 5.3.4 Allgemeine Aspekte der gemeinschaftlichen Handelspolitik.- 5.4 Die Gemeinschaft und die Wechselwirkungen zwischen Umweltschutz und Handel.- 5.4.1 Die programmatische Diskussion uber Handel und Umwelt in der Gemeinschaft.- 5.4.2 Umweltpolitische Handelsmassnahmen der Gemeinschaft.- 5.4.3 Schlussfolgerungen.- 6 Schlussbetrachtung.- 6.1 Handelspolitische und umweltpolitische Konzepte.- 6.2 Die Wechselwirkungen in den zwischenstaatlichen Beziehungen.- 6.3 Die WTO und di

Bringing together renewable energy and energy security, this book covers both the politics and political economy of renewables and energy security and analyzes renewable technologies in diverse and highly topical countries: Japan, China and Northern Europe.

This book provides an interdisciplinary account of how technological advances - mainly in the domains of energy and transportation - contribute to the transformation towards a more sustainable economic system. Drawing on methods from engineering, the management sciences and economics, which it combines in the framework of a systems sciences approach, the book presents qualitative and quantitative studies on government regulation, resources management and firms' strategy. Topics covered include the state-market dilemma of government CO2 emission targets, implications of the electrification of the economy, incentives and coercion in government transport policies, and innovations in the electric vehicle industry.

This book deals with the water policy and management in Canada. It discusses various problems and risks in the fresh and drinking water supply in the second largest country in the world. Mohammed Dore argues that water is underpriced and used wastefully in Canada. In selected case studies, he illustrates the major threats from human activity to Canadian freshwaters and drinking water resources, including manufacturing, mining, oil sands production, animal farming and agricultural use. Selected case studies include reviews of even dramatic incidences, e.g. the Walkerton tragedy of 2000, when 7 people were killed and 200 went onto permanent dialysis treatment because of water contamination with harmful pathogens. The book warns that wastewater treatment standards are often not sufficient, so that many drinking water resources are in peril of wastewater contamination. As most of the water resources are provincial responsibility, the book discusses the water management policies in the different provinces separately. Through a detailed discussion and statistical analyses, it can define water policy and management lessons that emerge from the investigated case studies. It ends by contrasting water policy and practice in Canada with the practice in some European countries.

It might seem that contemporary economic theory offers a scientific account of choice among alternatives. Yet this is only superficially the case; the behavior of the agents in most economic models is completely specified by preference functions, technological possibilities, and market interactions. 'Choice' is a misnomer for solution of one or another kind of optimization problem in such models. The open-endedness that characterizes genuinely free choices made by real human beings is absent.The book aims to show that (1) the deterministic vision embodied in conventional economic modeling is neither consistent with nor supported by the state of the art in mathematics, logic, and physical science; (2) use of models that rule out unpredictability and freedom of action has had negative consequences for policy design and implementation; and (3) restoring meaningful freedom to the agents is an essential first step toward making social theorizing more realistic and insightful.

This collected volume deals with emerging issues related to climate variation, climate change and adaptation technologies, with a special focus on Latin American countries. Presenting a variety of adaptation strategies and projects currently being undertaken and implemented, the book showcases how Latin American nations are struggling to meet the challenges of climate change. Latin America as a whole and Central America in particular is one of the most vulnerable regions of the world and is severely affected by recurrent extreme climate-related events. This volume documents and analyzes the main challenges and lessons learned, serving to disseminate knowledge beyond the region and enhance international research and policy cooperation.

This collection of books encompasses Scottish identity and cultural heritage, historical geography, health and social issues, industrial, economic, religious and political history. Originally published between 1935 and 1990, many of these titles were written at the height of discussions concerning the viability of an independent Scotland, an issue that has renewed relevance today. They include some of the notable volumes from the Routledge The Voice of Scotland series, as well as other books by leading authors. The empirical content of many of the books reissued here ensures they retain their relevance in informing studies of trends since the time they were first completed and will be of interest to anyone concerned with the ongoing debate about Scotland's role within the UK and Europe and the shape of her political future.

Climate Change and Social Movements is a riveting and thorough exploration of three important campaigns to influence climate change policy in the United Kingdom. The author delves deep into the campaigns and illuminates the way policymakers think about and respond to social movements.

This book provides support to academics and researchers, as well as those operating in the management and engineering fields that need to deal with policies and strategies that allow to move towards a more sustainable paradigm, a greener economy that guarantees economic development and the improvement of living and working conditions. Drawing on the latest developments, ideas, research and best practice, this book examines the new advances in the subjects of circular economy.

Renewable energy is rising within an energy system dominated by powerful vested energy interests in fossil fuels, nuclear and electric utilities. Analyzing renewables in six very different countries, the author argues that it is the extent to which states have controlled these vested interests that determines the success or failure of renewables.

This book gives readers the theoretical and empirical methods to analyze applied economics. They are institutional economics, information economics, environmental economics, international economics, financial economics, industrial organization, public economics, law and economics, and spatial economics. Because the chapters of this book deal with current topics in these categories, they are relevant not only to researchers and graduate students but also to policy makers and entrepreneurs. As there is uncertainty about the global economy, it is necessary to consider optimal, efficient behavior to survive in the confused world. The book is organized in three parts. Part 1 deals with institutional economics, information economics, and related topics, approached through game theory. Part 2 focuses on environmental economics, international economics, and financial economics, through a microeconomic or econometric approach. Finally, Part 3 concentrates on public economics, social security, and related fields, through microeconomics or macroeconomics.

"Managing Ocean Environments in a Changing Climate" summarizes the current state ofseveral threats to the global oceans. What distinguishes this book most from previous works is that this book begins with a holistic, global-scale focus for the first several chapters andthen provides an example of how this approach can be applied on a regional scale, for the Pacific region. Previous works usually have compiled local studies, which are essentially impossible to properly integrate to the global scale. The editors have engaged leading scientists in a number of areas, such asfisheries and marine ecosystems, ocean chemistry, marine biogeochemical cycling, oceans and climate change, andeconomics, to examine the threats to the oceans both individually and collectively, provide gross estimates of the economic and societal impacts of these threats, and deliver high-level recommendations.

Nominated for a Katerva Award in 2012 in the Economy category. State of the science reviews by known marine experts provide a concise, readable presentation written at a level for managers and studentsLinks environmental and economic aspects of ocean threats and provides an economic analysis of action versus inactionProvides recommendations for stakeholders to help stimulate the development of policies that would help move toward sustainable use of marine resources and services"

This timely book focuses on achieving a sustainable future through the reform of green fiscal policy. Green fiscal policies help not only provide the needed financing but may also serve the Sustainable Development Goals adopted by the United Nations in 2015. In this volume environmental tax experts review the development of fiscal carbon policy, consider the impact of green taxation on trade and competition, analyze the lessons learned from national experiences with fuel and energy pricing, and evaluate a variety of green economic instruments. A comprehensive range of green economic instruments is evaluated, covering emissions trading schemes, energy tax systems, global natural resource consumption taxes and fiscal intervention. The contributions from leading environmental taxation scholars consider thought-provoking innovations in policy and law to deal with climate change and explore a range of fiscal strategies designed to mitigate the negative and maximise the positive effects of a carbon economy. This is a vital reference work for students and academics in environmental law, economics and sustainability, and will serve as an excellent guide for policy makers and those involved in fiscal reform. Contributors include: C. Brandimarte, J. Bruha, H. Bruhova-Foltynova, L. del Federico, A. Gerbeti, S. Giorgi, E. Guglyuvatyy, S.-A. Joseph, C. Kettner, D. Kletzan-Slamanig, D. Leary, Y. Motoki, A. Naito, P. Pearce, V. Pisa, N.P. Stoianoff, S.L. Tan, X. Wang, S. Wright, J. Wu, Z. Yang

Taking eleven countries in Europe, Canada, South Africa, America, Latin America and Australia, this book discusses recurring barriers to cluster development in the renewable energy sector. The authors look at the real-world dynamics and tensions between stakeholders on the ground, with a particular focus on the relationships between SMEs and other actors. This trans-regional study is unique in its scale and scope, drawing on a decade of field research to show how by learning from the successes and failures of other clusters, costs and risk can be reduced. The book fills a significant gap in the literature for policymakers, managers and economic developers in a key market.

As carbon dioxide is the most important source of greenhouse gases today, its emission quantity has become a primary focus of governments, scholars, and the general public. From the perspective of the structure of Chinese industry, this book aims to answer two questions. First, what is the driving force of China's CO2 emissions and how does this relate to the structure of industry? Second, what is the potential for abatement and the cost of CO2 across sectors and regions, and the impact for industry? The author calculates the CO2 inventory data at province and sectoral level based on the approach of the Intergovernmental Panel on Climate Change (IPCC) and then quantifies the CO2 abatement potential and marginal abatement cost using this production framework. Econometric models are used to examine the likely impact on industry of abatement potential and cost. The book hence provides a rich source of information for general readers to better understand the characteristics, patterns and drivers of China's CO2 emissions. It also provides solid evidence for policy-makers to help mitigate CO2 emissions through industrial restructuring strategy.

This book is a reality check of where energy will come from in the future. Today, our economy is utterly dependent on fossil fuels. They are essential to transportation, manufacturing, farming, electricity, and to make fertilizers, cement, steel, roads, cars, and half a million other products. One day, sooner or later, fossil fuels will no longer be abundant and affordable. Inevitably, one day, global oil production will decline. That time may be nearer than we realize. Some experts predict oil shortages as soon as 2022 to 2030. What then are our options for replacing the fossil fuels that turn the great wheel of civilization? Surveying the arsenal of alternatives - wind, solar, hydrogen, geothermal, nuclear, batteries, catenary systems, fusion, methane hydrates, power2gas, wave, tidal power and biomass - this book examines whether they can replace or supplement fossil fuels. The book also looks at substitute energy sources from the standpoint of the energy users. Manufacturing, which uses half of fossil fuels, often requires very high heat, which in many cases electricity can't provide. Industry uses fossil fuels as a feedstock for countless products, and must find substitutes. And, as detailed in the author's previous book, "When Trucks Stop Running: Energy and the Future of Transportation," ships, locomotives, and heavy-duty trucks are fueled by diesel. What can replace diesel? Taking off the rose-colored glasses, author Alice Friedemann analyzes our options. What alternatives should we deploy right now? Which technologies merit further research and development? Which are mere wishful thinking that, upon careful scrutiny, dematerialize before our eyes? Fossil fuels have allowed billions of us to live like kings. Fueled by oil, coal, and natural gas, we changed the equation constraining the carrying capacity of our planet. As fossil fuels peak and then decline, will we fall back to Earth? Are there viable alternatives?

The restoration of the Florida Everglades, the largest ecosystem restoration project in the world, is now underway. Missing from the original plan, however, is a study of the region's cities and farms and the economic impact their growth will make on this already endangered ecosystem. This book provides that analysis. Richard Weisskoff applies the widely-used Regional Economic Modeling Inc. (REMI) model to forecast the future of South Florida's six million-person, $300 billion economy. In addition, he supplies four significant pieces to the model, namely, detailed projections for agriculture, investment, tourism, and restoration spending. By integrating these and the results of a second economic modeling system (IMPLAN), he traces out three development paths for the region to the year 2030, and the demands for water and urban land required for each path. Also featured are the results of two land use/land cover surveys which are then used to measure the change in the value of ecosystem services in the Everglades region. The author provides an economic history of the region and statistically documents the transformation of the original Everglades into the sprawling cities and the sugar-citrus-cattle emporium, all of which share the same fragile ecosystem. The study concludes that the ultimate success of the restoration of the Everglades will depend on choices made regarding the future of the region's cities and farms. While the volume focuses on the Everglades, it serves also as a case study for other such restoration projects. Ecological and environmental economists, regional scientists, planning professionals, and government agencies will find this timely volume of great interest.

I: Grundlagen.- 1 Einleitung.- 1.1 Bedeutung des Themas.- 1.2 Ziele und Aufbau der Arbeit.- 1.3 Begriffsdefinitionen.- 1.3.1 Rating, Ranking, Screening.- 1.3.2 OEkologieorientierte Informationen, oekologieorientierte Daten.- 1.3.3 OEkologieorientierte Berichterstattung.- 1.3.4 OEko-Rating.- 2 OEkologieorientierte Bewertungen als Grundlage oekologieorientierten Handelns.- 2.1 Informieren, Bewerten, Entscheiden, Handeln.- 2.2 Alternativen, Umweltzustande, Ziele und Praferenzen als Determinanten einer Bewertung.- 2.2.1 Ziele und Kriterien.- 2.2.2 Praferenzen.- 2.2.3 Umweltzustande.- 2.2.4 Alternativenraum.- 2.2.5 Bewertungen durch Nutzenfunktionen.- 2.3 Delegation von oekologieorientierten Bewertungen im Rahmen eines OEko-Ratings.- 2.3.1 Delegation als Metaentscheidungsproblem.- 2.3.2 Informationsoekonomische Aspekte.- 2.3.3 Agency-Problematik.- 3 Die Bewertung von OEko-Rating-Ansatzen.- 3.1 Bewertungsziele.- 3.2 Bewertungskriterien.- 3.3 Zielbeziehungen.- II: Bisherige oeko-Rating-Ansatze.- 1 Kurzbeschreibung bestehender OEko-Rating-Organisationen.- 1.1 OEkom.- 1.2 CSH.- 1.3 Eco-Rating International.- 1.4 Hamburger Umweltinstitut.- 2 Vergleich und Analyse eingesetzter Verfahren.- 2.1 Treffsicherheit.- 2.1.1 Alternativenraum.- 2.1.2 Ziele.- 2.1.3 Praferenzen.- 2.1.4 Umweltzustande.- 2.2 Kosten.- 2.3 Transparenz.- 2.4 Verfalschende Anreize.- 3 Zusammenfassende Wurdigung bestehender OEko-Rating-Ansatze.- III: Handlungsorientiertes oeko-Rating.- 1 Ziel der Weiterentwicklung.- 2 Verbesserung der Zielorientierung.- 2.1.1 Arten von Zielen.- 2.1. Arten von Kriterien.- 2.2 Zusammenfassung.- 3 Verbesserung der Praferenzgerechtigkeit der Aggregation.- 3.1 Das zugrundeliegende Aggregationsproblem.- 3.2 Arten von Praferenzen.- 3.3 Nutzwertanalysen: Die Wahl der Praxis.- 3.3.1 Vorgehensweise.- 3.3.2 Pramissen und geeignete Bewertungssituationen.- 3.4 Nutzwertanalyse zweiter Generation: Die theoretische Weiterentwicklung.- 3.4.1 Vorgehensweise.- 3.4.2 Pramissen und geeignete Bewertungssituationen.- 3.5 Scoringverfahren auf der Basis unscharfer Logik.- 3.5.1 Modellierung nicht-linearer Zusammenhange: Das Beispiel Steuerungstechnik.- 3.5.2 Fuzzy Logic: Die Philosophie.- 3.5.3 Fuzzy Control: Die Anwendung.- 3.5.4 Beispiel.- 3.5.5 Pramissen und geeignete Bewertungssituationen.- 4 Aufbau eines handlungsorientierten oeko-Ratings-Ein Ablaufschema.- Iv: Fallstudie.- 1 Analyse der Entscheidungssituation.- 2 Beschreibung und Abgrenzung der Bewertungsaufgabe.- 3 Aufbau des Bewertungsmodells.- 3.1 Instrumentalziel-/Kriteriengenerierung.- 3.2 Feststellung der Praferenzen/Strukturierung.- 3.3 Umsetzung durch Wertfunktionen.- 4 Bewertung.- 5 Analyse des OEko-Ratings der Fallstudie.- V: Zusammenfassung.- Exkurs A: Erweiterung Fuzzy Logic.- 1 Weitere Operatoren.- 2 Verallgemeinerung auf den n-Faktorenfall.- 3 Parametrisierte Operatoren.- 4 Weitere Defuzzifizierungsmethoden.- Exkurs B: Skalentypen, Skalentransformationen.

This book is devoted to the issue of how we can learn to live together in the face of division and conflict. It is dedicated to the life and work of a remarkable human being, Dr Epimenidis Haidemenakis, scientist, statesman, visionary leader, President Emeritus of the International S.T.E.P.S. Foundation and founding father of The Olympiads of the Mind (OM). The monograph consists of a collection of papers presented at the 8th and 9th Olympiads of the Mind held in Washington, DC and Chania, Crete respectively. Distinguished international scholars, government and corporate representatives, leading researchers and academics from multiple disciplines and Nobel Laureates Leon Lederman (Physics, 1988), Martin Perl (Physics, 1995) and Yuan T. Lee (Chemistry, 1986) address a broad range of issues all with the aim of improving the human condition and achieving cooperation among the people of the world. The topics include the environment, sustainability and security; diversity and how to achieve integration and peace among people in a fractured world; the important role of brain research; how to overcome poverty and inequality; how to enhance creativity and improve education at all levels; and how new technologies and tools can be used for common benefit. The culmination of the book is a call to action, to join what one might call the "OM Movement"-bringing the best minds in the world together to create solutions to world issues so that we can all live together in harmony.

Capitalism is criticized as both the cause of, and the main barrier to, effective mitigation of climate change. Yet, from the earliest days of the international negotiations, states have agreed that technological innovation, believed to be a primary strength of capitalism, is crucial to prevention of a dangerous accumulation of atmospheric greenhouse gases. Nations prefer to rely on innovative technologies to reduce emissions than to use regulations to constrain markets and limit social choice. The contributors to this volume show that the strengths of the system that creates ever new consumer products and industrial processes actually prevent the generation of technological innovations that would most effectively mitigate climate change. Through comprehensive research of the US innovation system and how companies respond to its supporting institutions, they demonstrate that liberal capitalism's perceived strengths are also its weaknesses. They also show that current theories of technological innovation are incomplete and suggest the institutional changes needed to generate climate innovations.

Our planet faces a systemic threat from climate change, which the world community of nations is ill-prepared to address, and this book argues that a new form of ecologically conscious capitalism is needed in order to tackle this serious and rising threat. While the Paris Climate Agreement of 2015 has finally implemented a global climate policy regime, its modest means belie its ambitious goals. Our institutional financial organizations are not equipped to deal with the problems that any credible commitment to a low-carbon economy will have to confront. We will have to go beyond cap-and-trade schemes and limited carbon taxes to cut greenhouse gas emissions substantially in due time. This book offers a way forward toward that goal, with a conceptual framework that brings environmental preservation back into our macro-economic growth and forecasting models. This framework obliges firms to consider other goals beyond shareholder value maximization, outlining the principal tenets of a climate-friendly finance and introducing a new type of money linked to climate mitigation and adaptation efforts.

Addresses a gap in the market between policy and academia. Broad readership given the focus on climate change action, a hugely topical area. Interdisciplinary approach - politics, IPE, international economics, and environmental economics. Written in an accessible voice/style.