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Eco-Capitalism - Carbon Money, Climate Finance, and Sustainable Development (Hardcover, 1st ed. 2018)
Loot Price: R4,076
Discovery Miles 40 760
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Eco-Capitalism - Carbon Money, Climate Finance, and Sustainable Development (Hardcover, 1st ed. 2018)
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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.
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