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Climate Policy Foundations: Science and Economics with Lessons from Monetary Regulation

William C. Whitesell

Published by Cambridge University Press
ISBN 10: 1107614724 / ISBN 13: 9781107614727
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Title: Climate Policy Foundations: Science and ...

Publisher: Cambridge University Press

Binding: Paperback

Book Condition: New

Book Type: Paperback

Description:

Paperback. 250 pages. Dimensions: 8.9in. x 5.9in. x 0.3in.This book provides a thorough grounding in the science and economics of climate policy issues and draws key lessons from the longer experiences of central banks in grappling with related challenges. Findings and controversies of climate history and the effects of human activities on climate are reviewed. The author describes similarities in risk management approaches for climate and monetary policy. Overall goals and frameworks for addressing climate change risks are assessed. Command-and-control and market-based options are compared (including performance standards, taxes, and cap-and-trade). Market-based approaches sometimes require a choice between prices and quantities as policy instruments. However, the author discusses how techniques of central bank interest rate management can be adapted in a hybrid climate policy approach to achieve environmental goals while making carbon prices predictable and also ensuring well-functioning carbon markets. Key lessons are offered for improving existing and future national and international climate policy architectures. This item ships from multiple locations. Your book may arrive from Roseburg,OR, La Vergne,TN. Bookseller Inventory # 9781107614727

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Synopsis: This book provides a thorough grounding in the science and economics of climate policy issues and draws key lessons from the longer experiences of central banks in grappling with related challenges. Findings and controversies of climate history and the effects of human activities on climate are reviewed. The author describes similarities in risk management approaches for climate and monetary policy. Overall goals and frameworks for addressing climate change risks are assessed. Command-and-control and market-based options are compared (including performance standards, taxes, and cap-and-trade). Market-based approaches sometimes require a choice between prices and quantities as policy instruments. However, the author discusses how techniques of central bank interest rate management can be adapted in a hybrid climate policy approach to achieve environmental goals while making carbon prices predictable and also ensuring well-functioning carbon markets. Key lessons are offered for improving existing and future national and international climate policy architectures.

Book Description: This book discusses the efforts of scientists to understand earth's climate history and the effects that rising levels of greenhouse gases could have on the future of the planet's climate. It explains the economic consequences of a wide variety of climate policy options and draws important lessons from the experiences of central banks regarding similar policy challenges.

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