Books  Environmental Science  Climate & Climate Change 

Economic Choices in a Warming World

By: Christian de Perthuis

260 pages, 1 b/w illus. 1 table

Cambridge University Press

Paperback | Mar 2011 | #190954 | ISBN-13: 9780521175685
Availability: Usually dispatched within 6 days Details
NHBS Price: £21.99 $28/€26 approx
Hardback | Mar 2011 | #190953 | ISBN-13: 9781107002562
Availability: Usually dispatched within 6 days Details
NHBS Price: £44.99 $57/€53 approx

About this book

Since the publication of the Stern Review, economists have started to ask more normative questions about climate change. Should we act now or tomorrow? What is the best theoretical carbon price to reach long-term abatement targets? How do we discount the long-term costs and benefits of climate change? This provocative book argues that these are the wrong sorts of questions to ask because they don't take into account the policies that have already been implemented. Instead, it urges us to concentrate on existing policies and tools by showing how the development of carbon markets could dramatically reduce world greenhouse gas (GHG) emissions, triggering policies to build a new low-carbon energy system while restructuring the way agriculture interacts with forests. This provides an innovative new perspective on how a post-Kyoto international climate regime could emerge from agreements between the main GHG emitters capping their emissions and building an international carbon market.

Advance praise: 'For those who do not understand why a global agreement is needed in the climate change rounds and why this agreement is so difficult to reach, this book provides a clear and balanced presentation of the issues.' Claude Mandil, former Executive Director of the International Energy Agency


Contents

Introduction: the opera house of Manaus; 1. Climate risk; 2. Some like it hot (climate change adaptation); 3. Building a low-carbon energy future; 4. Pricing carbon: the economics of cap-and-trade; 5. Agricultural intensification to preserve forests; 6. Pricing carbon: the economics of offsets; 7. Macroeconomic impacts: distributing the carbon rent; 8. International climate change negotiations; 9. Conclusion: risk of taking action, risk of inaction; Bibliography: thirty references; Thirty key facts; Greenhouse gas emissions in the world; Glossary of key terms.

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Biography

Christian de Perthuis is a professor of economics at the University Paris-Dauphine, where he is also the Director of the Masters programme in Energy, Finance and Carbon. He is the head of PREC, a leading research team on climate economics, and a member of the Council on Economics and Sustainable Development, a body advising the French Minister for Environment. At the request of the French Government, he was responsible for designing the French domestic offset program. His most recent book is Pricing Carbon (Cambridge University Press, 2010), co-edited with A. Denny Ellerman and Frank Convery.

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