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Reducing carbon emissions is the most complex political and
economic problem humanity has ever confronted. Coping with the
Climate Crisis brings together leading experts from academia and
policy circles to explore issues related to the implementation of
the COP21 Paris Agreement and the challenges of accelerating the
transition toward sustainable development. The book synthesizes the
key insights that emerge from the latest research in climate-change
economics in an accessible and useful guide for policy makers and
researchers. Contributors consider a wide range of issues,
including the economic implications and realities of shifting away
from fossil fuels, the role of financial markets in incentivizing
development and construction of sustainable infrastructure, the
challenges of evaluating the well-being of future generations, the
risk associated with uncertainty surrounding the pace of climate
change, and how to make climate agreements enforceable. They
demonstrate the need for a carbon tax, considering the issues of
efficiently pricing carbon as well as the role of supply-side
policies on fossil fuels. Through a range of perspectives from
academic economists and practitioners in the public and private
sectors who work either at the country level or under the auspices
of multilateral organizations, Coping with the Climate Crisis
outlines what it will take to achieve a viable, global
climate-stabilization path.
In the years following the global financial crisis, many low-income
countries experienced rapid recovery and strong economic growth.
However, many are now facing enormous difficulties because of
rapidly rising food and fuel prices, with the threat of millions of
people being pushed into poverty around the globe. The risk of
continued food price volatility is a systemic challenge, and a
failure in one country has been shown to have a profound impact on
entire regions. This volume addresses the challenges of commodity
price volatility for low-income countries and explores some
macroeconomic policy options for responding to commodity price
shocks. The book then looks at inclusive growth policies to address
inequality in commodity-exporting countries, particularly natural
resource rich countries. Perspectives from the Middle East and
North Africa, sub-Saharan Africa, emerging Asia, and Mexico are
presented and, finally, the role of the international donor
community is examined. This volume is a must read for policymakers
everywhere, from those in advanced, donor countries to those in
countries with the poorest and most vulnerable populations.
Countries with an abundance of natural resources, many of which are
in sub-Saharan Africa, often show a record of relatively poor
economic performance compared with non-resource-rich countries. The
chapters in this volume explore the potential challenges to
countries with abundant natural resources and ways to manage these
challenges so as to reap the benefits of resource wealth while
avoiding the pitfalls.
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