A program for building a global clean energy economy while
expanding job opportunities and economic well-being. In order to
control climate change, the International Panel on Climate Change
(IPCC) estimates that greenhouse gas emissions will need to fall by
about forty percent by 2030. Achieving the target goals will be
highly challenging. Yet in Greening the Global Economy, economist
Robert Pollin shows that they are attainable through steady,
large-scale investments-totaling about 1.5 percent of global GDP on
an annual basis-in both energy efficiency and clean renewable
energy sources. Not only that: Pollin argues that with the right
investments, these efforts will expand employment and drive
economic growth. Drawing on years of research, Pollin explores all
aspects of the problem: how much energy will be needed in a range
of industrialized and developing economies; what efficiency targets
should be; and what kinds of industrial policy will maximize
investment and support private and public partnerships in green
growth so that a clean energy transformation can unfold without
broad subsidies. All too frequently, inaction on climate change is
blamed on its potential harm to the economy. Pollin shows greening
the economy is not only possible but necessary: global economic
growth depends on it.
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