Climate Debt, The: Combining The Science, Politics And Economics Of Climate Change

Climate Debt, The: Combining The Science, Politics And Economics Of Climate Change
Author: Guy Deutscher
Publisher: World Scientific
Total Pages: 168
Release: 2023-06-15
Genre: Science
ISBN: 9811274029

Climate warming and disorder are the consequence of a free trade economic growth model that has failed to anticipate its physical impact on the environment. This failure reveals a lack of interaction between economists and scientists, long separated from an academic standpoint.The separation is artificial. This book shows that the free trade concept of David Ricardo and that of the Sadi Carnot thermodynamic cycle, both developed at the dawn of the Industrial Revolution, are amazingly close to each other. The analogy between the two cycles helps understand the fundamental mechanism of free trade. Irreversible processes, such as the release of CO₂ by fossil fuel burning, have increased the Boltzmann entropy level. It has generated climate warming and disorder, a phenomenon accelerated by a growth model largely based on delocalization of industrial production to low wage countries. Major irreversible phenomena such as melting of all arctic ice including the Greenland ice sheets can be expected within 1000 years that can only be avoided by active removal of atmospheric CO₂, whose cost can be calculated based on the entropy laws of Clausius and Boltzmann.

The Economics of Climate Change

The Economics of Climate Change
Author: Robert Shackleton
Publisher: Congressional Budget Office
Total Pages: 80
Release: 2003
Genre: Business & Economics
ISBN:

This Congressional Budget Office (CBO) study--prepared at the request of the Ranking Member of the House Committee on Science--presents an overview of issues related to climate change, focusing primarily on its economic aspects. The study draws from numerous published sources to summarize the current state of climate science and provide a conceptual framework for addressing climate change as an economic problem. It also examines public policy options and discusses the potential complications and benefits of international coordination. In keeping with CBO's mandate to provide impartial analysis, the study makes no recommendations.

Environmental Debt

Environmental Debt
Author: Amy Larkin
Publisher: St. Martin's Griffin
Total Pages: 0
Release: 2014-08-05
Genre: Business & Economics
ISBN: 9781137279200

For decades, politicians and business leaders alike told the American public that our most important challenge was growing the economy, and that environmental protection could be left to future generations. Now, in the wake of billions of dollars in costs associated with coastal devastation from Hurricane Sandy, rampant wildfires across the West, and groundwater contamination from reckless drilling, it's increasingly clear that yesterday's carefree attitude about the environment has morphed into a fiscal crisis of epic proportions. Environmental Debt argues that the costs of global warming, extreme weather, pollution, and other forms of "environmental debt" are wreaking havoc on the economy. To combat these trends, author Amy Larkin proposes a new framework for twenty-first century commerce, based on three principles: 1) Pollution can no longer be free; 2) All business decision making and accounting must incorporate the long view; and 3) Government must play a vital role in catalyzing clean technology and growth while preventing environmental destruction. Profiling the multinational corporations that are transforming their operations with downright radical initiatives, Larkin presents smart policy choices that would actually unleash these business solutions to many global financial and environmental problems.

Finance & Development, December 2019

Finance & Development, December 2019
Author: International Monetary Fund. Communications Department
Publisher: International Monetary Fund
Total Pages: 68
Release: 2019-12-06
Genre: Business & Economics
ISBN: 1513513176

This issue of Finance & Development looks at the economic and financial impact of climate policy choices. It points to concrete solutions that offer growth opportunities, driven by technological innovation, sustainable investment, and a dynamic private sector. The private sector can stop supporting or subsidizing industries and activities that damage the planet and instead invest in sustainable development. Governments can roll out policies to fight climate change and the destruction of nature. The paper highlights that technological change and innovations are central to longer-term efforts to mitigate climate change by developing alternatives to fossil fuels. A new, sustainable financial system is under construction. It is funding the initiatives and innovations of the private sector and amplifying the effectiveness of governments’ climate policies—it could even accelerate the transition to a low-carbon economy. The Bank of England’s latest survey finds that almost three-quarters of banks are starting to treat the risks from climate change like other financial risks—rather than viewing them simply as a corporate social responsibility. Banks have begun to consider the most immediate physical risks to their business models—from the exposure of mortgage books to flood risk to the impact of extreme weather events on sovereign risk.

Climate Change Justice

Climate Change Justice
Author: Eric A. Posner
Publisher: Princeton University Press
Total Pages: 231
Release: 2010-02-22
Genre: Political Science
ISBN: 1400834406

A provocative contribution to the climate justice debate Climate change and justice are so closely associated that many people take it for granted that a global climate treaty should—indeed, must—directly address both issues together. But, in fact, this would be a serious mistake, one that, by dooming effective international limits on greenhouse gases, would actually make the world's poor and developing nations far worse off. This is the provocative and original argument of Climate Change Justice. Eric Posner and David Weisbach strongly favor both a climate change agreement and efforts to improve economic justice. But they make a powerful case that the best—and possibly only—way to get an effective climate treaty is to exclude measures designed to redistribute wealth or address historical wrongs against underdeveloped countries. In clear language, Climate Change Justice proposes four basic principles for designing the only kind of climate treaty that will work—a forward-looking agreement that requires every country to make greenhouse-gas reductions but still makes every country better off in its own view. This kind of treaty has the best chance of actually controlling climate change and improving the welfare of people around the world.

Loss and Damage from Climate Change

Loss and Damage from Climate Change
Author: Reinhard Mechler
Publisher: Springer
Total Pages: 563
Release: 2018-11-28
Genre: Science
ISBN: 3319720260

This book provides an authoritative insight on the Loss and Damage discourse by highlighting state-of-the-art research and policy linked to this discourse and articulating its multiple concepts, principles and methods. Written by leading researchers and practitioners, it identifies practical and evidence-based policy options to inform the discourse and climate negotiations. With climate-related risks on the rise and impacts being felt around the globe has come the recognition that climate mitigation and adaptation may not be enough to manage the effects from anthropogenic climate change. This recognition led to the creation of the Warsaw International Mechanism on Loss and Damage in 2013, a climate policy mechanism dedicated to dealing with climate-related effects in highly vulnerable countries that face severe constraints and limits to adaptation. Endorsed in 2015 by the Paris Agreement and effectively considered a third pillar of international climate policy, debate and research on Loss and Damage continues to gain enormous traction. Yet, concepts, methods and tools as well as directions for policy and implementation have remained contested and vague. Suitable for researchers, policy-advisors, practitioners and the interested public, the book furthermore: • discusses the political, legal, economic and institutional dimensions of the issue• highlights normative questions central to the discourse • provides a focus on climate risks and climate risk management. • presents salient case studies from around the world.

Shock Waves

Shock Waves
Author: Stephane Hallegatte
Publisher: World Bank Publications
Total Pages: 227
Release: 2015-11-23
Genre: Business & Economics
ISBN: 1464806748

Ending poverty and stabilizing climate change will be two unprecedented global achievements and two major steps toward sustainable development. But the two objectives cannot be considered in isolation: they need to be jointly tackled through an integrated strategy. This report brings together those two objectives and explores how they can more easily be achieved if considered together. It examines the potential impact of climate change and climate policies on poverty reduction. It also provides guidance on how to create a “win-win†? situation so that climate change policies contribute to poverty reduction and poverty-reduction policies contribute to climate change mitigation and resilience building. The key finding of the report is that climate change represents a significant obstacle to the sustained eradication of poverty, but future impacts on poverty are determined by policy choices: rapid, inclusive, and climate-informed development can prevent most short-term impacts whereas immediate pro-poor, emissions-reduction policies can drastically limit long-term ones.

This Changes Everything

This Changes Everything
Author: Naomi Klein
Publisher: Simon and Schuster
Total Pages: 576
Release: 2014-09-16
Genre: Business & Economics
ISBN: 1451697384

With strong first-hand reporting and an original, provocative thesis, Naomi Klein returns with this book on how the climate crisis must spur transformational political change

Science as a Contact Sport

Science as a Contact Sport
Author: Stephen H. Schneider
Publisher: National Geographic Books
Total Pages: 308
Release: 2009
Genre: Climatic changes
ISBN: 1426205406

Schneider's firsthand account of a scientific and political odyssey, in which he navigates both the turbulent waters of the world's power structures and the arcane theater of academic debaters.

Macroeconomic and Financial Policies for Climate Change Mitigation: A Review of the Literature

Macroeconomic and Financial Policies for Climate Change Mitigation: A Review of the Literature
Author: Signe Krogstrup
Publisher: International Monetary Fund
Total Pages: 58
Release: 2019-09-04
Genre: Business & Economics
ISBN: 1513511955

Climate change is one of the greatest challenges of this century. Mitigation requires a large-scale transition to a low-carbon economy. This paper provides an overview of the rapidly growing literature on the role of macroeconomic and financial policy tools in enabling this transition. The literature provides a menu of policy tools for mitigation. A key conclusion is that fiscal tools are first in line and central, but can and may need to be complemented by financial and monetary policy instruments. Some tools and policies raise unanswered questions about policy tool assignment and mandates, which we describe. The literature is scarce, however, on the most effective policy mix and the role of mitigation tools and goals in the overall policy framework.