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Economics and the Challenge of Global Warming (Hardcover)
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Economics and the Challenge of Global Warming (Hardcover)
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Economics and the Challenge of Global Warming is a balanced,
rigorous, and comprehensive analysis of the role of economics in
confronting global warming, the central environmental issue of the
twenty-first century. It avoids a technical exposition in order to
reach a wide audience and is up to date in its theoretical and
empirical underpinnings. It is addressed to all who have some
knowledge of economic concepts and a serious interest in how
economics can (and cannot) help in crafting climate policy. The
book is organized around three central questions. First, can
benefit-cost analysis guide us in setting warming targets? Second,
what strategies and policies are cost-effective? Third, and most
difficult, can a global agreement be forged between rich and poor,
North and South? While economic concepts are foremost in the
analysis, they are placed within an accessible ethical and
political matrix. The book serves as a primer for the post-Kyoto
era.
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