Banking On Coal
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Author | : Grzegorz Peszko |
Publisher | : World Bank Publications |
Total Pages | : 169 |
Release | : 2020-07-24 |
Genre | : Nature |
ISBN | : 1464813418 |
This book is the first stocktaking of what the decarbonization of the world economy means for fossil fuel†“dependent countries. These countries are the most exposed to the impacts of global climate policies and, at the same time, are often unprepared to manage them. They depend on the export of oil, gas, or coal; the use of carbon-intensive infrastructure (for example, refineries, petrochemicals, and coal power plants); or both. Fossil fuel†“dependent countries face financial, fiscal, and macro-structural risks from the transition of the global economy away from carbon-intensive fuels and the value chains based on them. This book focuses on managing these transition risks and harnessing related opportunities. Diversification and Cooperation in a Decarbonizing World identifies multiple strategies that fossil fuel†“dependent countries can pursue to navigate the turbulent waters of a low-carbon transition. The policy and investment choices to be made in the next decade will determine these countries’ degree of exposure and overall resilience. Abandoning their comfort zones and developing completely new skills and capabilities in a time frame consistent with the Paris Agreement on climate change is a daunting challenge and requires long-term revenue visibility and consistent policy leadership. This book proposes a constructive framework for climate strategies for fossil fuel†“dependent countries based on new approaches to diversification and international climate cooperation. Climate policy leaders share responsibility for creating room for all countries to contribute to the goals of the Paris Agreement, taking into account the specific vulnerabilities and opportunities each country faces.
Author | : Rahul Tongia, Anurag Sehgal, Puneet Kamboj |
Publisher | : Notion Press |
Total Pages | : 443 |
Release | : 2020-09-15 |
Genre | : Technology & Engineering |
ISBN | : 1648288464 |
Mark Twain observed, “I'm in favour of progress; it's change I don't like.” Coal dominates Indian energy because it’s available domestically and cheap (especially without a carbon tax). If the global focus is on the energy transition, how does India ensure a just transition? Managing winners and losers will be the single largest challenge for India’s energy policy. Coal is entrenched in a complex ecosystem. In some states, it’s amongst the largest contributors to state budgets. The Indian Railways, India’s largest civilian employer, is afloat because it overcharges coal to offset under-recovery from passengers. Coal India Limited, the public sector miner that produces 85% of domestic coal, is the world’s largest coal miner. But despite enormous reserves, India imports about a quarter of consumption. On the flip side, coal faces inevitable pressure from renewable energy, which is the cheapest option for new builds. However, there is significant coal-based power capacity already in place, some of which is underutilized, or even stranded. Low per-capita energy consumption means India must still grow its energy supply. Before India can phase out coal, it must first achieve a plateau of coal. How this happens cost-effectively and with least resistance isn’t just a technical or economic question, it depends on the political economy of coal and its alternatives. Some stakeholders want to kill coal. A wiser option may be to first clean it up, instead of wishing it away. Across 18 chapters, drawing from leading experts in the field, we examine all aspects of coal’s future in India. We find no easy answers, but attempt to combine the big picture with details, bringing them together to offer a range of policy options.
Author | : Peter Dietsch |
Publisher | : John Wiley & Sons |
Total Pages | : 78 |
Release | : 2018-08-16 |
Genre | : Philosophy |
ISBN | : 1509525807 |
Central banks have become the go-to institution of modern economies. In the wake of the 2007 financial crisis, they injected trillions of dollars of liquidity – through a process known as quantitative easing – first to prevent financial meltdown and later to stimulate the economy. The untold story behind these measures, and behind the changing roles of central banks generally, is that they have come at a considerable cost. Central banks argue we had no choice. This book offers a powerfully original examination of why this claim is false. Using examples from Europe and the US, the authors present and analyse three specific concerns about the way central banks in developed economies operate today. Firstly, they show how unconventional monetary policies have created significant unintended negative consequences in terms of inequalities in income and wealth. They go on to argue that central banks may have become independent of governments, but have instead become worryingly dependent on financial markets. They then proceed to analyse how central bankers, despite being the undisputed experts on monetary policy, can still err and suffer from multiple forms of bias. This book is a sobering and urgent wake-up call for policy-makers and anyone interested in how our monetary and financial system really works.
Author | : William Stanley Jevons |
Publisher | : |
Total Pages | : 384 |
Release | : 1865 |
Genre | : |
ISBN | : |
Author | : Jeffrey D. Sachs |
Publisher | : Springer |
Total Pages | : 0 |
Release | : 2019-07-12 |
Genre | : Business & Economics |
ISBN | : 9789811302268 |
This handbook deals with various financial instruments, policies, and strategies in a policy-oriented approach for financing green energy projects. Recently, global investment in renewables and energy efficiency has declined, and there is a risk that it will slow further, Clearly, fossil fuels still dominate energy investments. This trend could threaten the expansion of green energy needed to meet energy security, climate, and clean-air goals. Several developed and developing economies are still following pro-coal energy policies. The extra CO2 generated from new coal-fired power plants could more than eliminate any reductions in emissions made by other nations. Finance is the engine of development of infrastructural projects, including energy projects. By providing several thematic and country chapters, this handbook explains that if we plan to achieve sustainable development goals, we need to create opportunities for new green projects and scale up the financing of investments that furnish environmental benefits. New financial instruments and policies such as green bonds, green banks, carbon market instruments, fiscal policy, green central banking, fintech, and community-based green funds are among the chief components that make up green finance. Naoyuki Yoshino is Dean, Asian Development Bank Institute and Professor Emeritus, Keio University. Jeffery Sachs is Director, Center for Sustainable Development at Columbia University. Wing Thye Woo is Professor of Economics, U.C. Davis. Farhad Taghizadeh-Hesary is Assistant Professor, Waseda University.
Author | : G. C. Hockley |
Publisher | : Taylor & Francis |
Total Pages | : 325 |
Release | : 2017-06-26 |
Genre | : Business & Economics |
ISBN | : 1351785117 |
This title, first published in 1970, provides a comprehensive account of the public finance system in Britain. As well as providing a concise outline of the monetary system as a basis for the realistic understanding of public finance, the author also describes the pattern of government expenditure and revenue in the twentieth-century and goes on to give a detailed account of the taxation system up until April 1969. This title will be of interest to students of monetary economics.
Author | : Kelly Sims Gallagher |
Publisher | : MIT Press |
Total Pages | : 233 |
Release | : 2006 |
Genre | : Automobile industry and trade |
ISBN | : 026207270X |
Analyzes how the transfer of advanced automobile technology from U.S. firms affects the environment and economic development in China; with detailed case studies of Chinese joint ventures with Jeep, GM, and Ford.
Author | : Josh Ryan-Collins |
Publisher | : John Wiley & Sons |
Total Pages | : 140 |
Release | : 2018-11-26 |
Genre | : Political Science |
ISBN | : 1509523294 |
Throughout the Western world, a whole generation is being priced out of the housing market. For millions of people, particularly millennials, the basic goal of acquiring decent, affordable accommodation is a distant dream. Leading economist Josh Ryan-Collins argues that to understand this crisis, we must examine a crucial paradox at the heart of modern capitalism. The interaction of private home ownership and a lightly regulated commercial banking system leads to a feedback cycle. Unlimited credit and money flows into an inherently finite supply of property, which causes rising house prices, declining home ownership, rising inequality and debt, stagnant growth and financial instability. Radical reforms are needed to break the cycle. This engaging and topical book will be essential reading for anyone who wants to understand why they can’t find an affordable home, and what we can do about it.
Author | : Bo Kong |
Publisher | : Springer |
Total Pages | : 109 |
Release | : 2019-01-04 |
Genre | : Political Science |
ISBN | : 9811360162 |
This pivot considers how China deals with the globalization of its energy companies in the face of global efforts to combat climate change. It examines how China, following its emergence as the world’s largest energy consumer and its resultant growing dependence on foreign energy, engages the world on energy, and its implications for global governance of energy. It notably focuses on the policy impact of China’s global engagement for the accelerated “going out” strategy and the so-called “one belt one road” (OBOR) initiative, and profound climate implications for the rest of the world, contending that the type of energy services, technologies, and infrastructure China finances around the globe today will determine the global community’s carbon footprint in the foreseeable future.
Author | : Michael Brune |
Publisher | : Counterpoint |
Total Pages | : 0 |
Release | : 2010 |
Genre | : Biomass energy |
ISBN | : 9781578051908 |
Michael Brune, executive director of Rainforest Action Network (RAN), shows us how we, as motivated citizens, can kick our own fossil-fuel habit and pressure policymakers and corporations to change their energy priorities. His vivid reports remind us of the economic, environmental, moral, and public-health costs of fossil-fuel dependence, and how our government and international banks are complicit. Brune also describes the most promising developments in renewables, biofuels, and efficient design, and offers an inspiring vision of the clean energy future within our reach. Under Brune's leadership, RAN has had stunning success in getting corporations to green their business practices, and his activist skills and passion are at the heart of this book. Overflowing with pragmatic and well-tested advice, Coming Clean is rooted in the author's faith that Americans acting together can create profound change.--From publisher description.