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Twenty-First Century Macroeconomics "Responding To Environmental Challenges"

Responding To Environmental Challenges

Twenty-First Century Macroeconomics "Responding To Environmental Challenges". Responding To Environmental Challenges

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  • ISBN:9781847208484
  • Editorial: Edward Elgar
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  • Dimensiones: 0 cm x 0 cm
  • Nº Pág.:360
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Taking global climate change seriously requires a profound reorientation of macroeconomic goals. Economic growth has been closely linked to expanded use of energy, primarily fossil fuels. The assumption of continuing economic growth, in turn, leads economists to discount future costs, including the generational impacts of climate change. Contributors to this volume challenge traditional assumptions about economic growth, and develop the elements of a reoriented macroeconomics that takes account both of environmental impacts and of social equity. Policies including carbon trading, revenue recycling, and reorientation of private and social investment are analyzed, providing insight into new paths for economic development with flat or negative carbon emissions.

Pt. I The Scope of the Challenge
1 Understanding the Challenge of Global Warming by Lloyd J. Dumas 3
2 The New Climate Economics: The Stem Review versus its Critics by Frank Ackerman 32
3 Economics and Climate Change: Resilience, Equity, and Sustainability by Neva R. Goodwin 58
4 The Right to Development in a Climate-Constrained World by Paul Baer and Tom Athanasiou and Sivan Kartha 75
Pt. II Macroeconomic Theory Perspectives
5 The Economic Fundamentals of Global Warming by Duncan K. Foley 115
6 Energy Productivity, Labor Productivity, and Global Warming by Lance Taylor 127
7 Macroeconomics and Sustainable Development: Applying the Sustainomics Framework by Mohan Munasinghe 138
8 Ecological Macroeconomics: Consumption, Investment and Climate Change by Jonathan M. Harris 169
Pt. III Policy Options for Responding to Climate Change
9 Cap and Dividend: How to Curb Global Warming While Promoting Income Equity by James K. Boyce and Matthew Riddle 189
10 Policies for Funding a Response to Climate Change by Brian Roach 226
11 The New EU Emissions Trading Scheme: A Blueprint for the Global Carbon Market? by Christian Egenhofer 250
12 Implementation of Sustainable Development in Poland by Andrzej Kassenberg 269
13 Climate Change from the Investor's Perspective by Adam Seitchik 295

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