Climate change is without question the single most important issue
the world faces over the next hundred years. The most recent
scientific data have led to the conclusion that the globally
averaged net effect of human activities since 1750 has been one of
warming and that continued greenhouse gas emissions at or above
current rates would cause this process to continue to the severe
detriment of our environment. This unequivocal link between climate
change and human activity requires an urgent, world-wide shift
towards a low carbon economy and coordinated policies and measures
to manage this transition. The starting point and core idea of this
book is the long-held observation that the threat of climate change
calls for a change of climate in economics. Inherent
characteristics of the climate problem including complexity,
irreversibility and deep uncertainty challenge core economic
assumptions and mainstream economic theory appears inappropriately
equipped to deal with this crucial issue. Kevin Marechal shows how
themes and approaches from evolutionary and ecological economics
can be united to provide a theoretical framework that is better
suited to tackle the problem.
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