| Climate Policy Foundations: Science and Economics with Lessons from Monetary Regulation Contributor(s): Whitesell, William C. (Author) |
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ISBN: 0511976682 ISBN-13: 9780511976681 Publisher: Cambridge University Press OUR PRICE: $140.25 Product Type: Open Ebook - Other Formats Published: June 2011 |
| Additional Information |
| BISAC Categories: - Business & Economics | Environmental Economics - Science | Environmental Science (see Also Chemistry - Environmental) |
| Dewey: 363.738 |
| Physical Information: 1 pages |
| Descriptions, Reviews, Etc. |
| Publisher Description: 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. |