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English
Oxford University Press Inc
25 November 2022
Most people would probably agree on what should be done to avert severe climate change: The world must reduce CO2 emissions as much and as quickly as possible.

But we must also ask what will be done.

Is it realistic to expect worldwide emissions to fall rapidly enough to prevent severe climate change?

And if we conclude it is not realistic, and so higher temperatures and rising sea levels are likely, what should we do?

What actions should we take now to reduce the likely impact of climate change?

Whatever climate policies are adopted, there will be a great deal of uncertainty over what will happen as a result. In Climate Future, Robert Pindyck, an authority on the economics of climate change and global catastrophes, explains what we know and what we don't know about the extent of climate change and its impact, why there is so much uncertainty, and what it means for climate policy. This book shows that given the economic and political realities, it is simply not realistic to expect emission reductions needed to avert substantial global warming. Pindyck argues that investments in adaptation-developing new hybrid crops, discouraging building in flood-prone or wildfire-prone areas, building sea walls and dikes, and geoengineering-are needed to insure against catastrophic climate change events. We should

invest now in adaptation, and Pindyck shows how that can be done.

By:  
Imprint:   Oxford University Press Inc
Country of Publication:   United States
Dimensions:   Height: 164mm,  Width: 238mm,  Spine: 22mm
Weight:   1g
ISBN:   9780197647349
ISBN 10:   0197647340
Pages:   248
Publication Date:  
Audience:   Professional and scholarly ,  Undergraduate
Format:   Hardback
Publisher's Status:   Active

Robert S. Pindyck is the Bank of Tokyo-Mitsubishi Professor of Economics and Finance in the Sloan School of Management at MIT. He is also a Research Associate of the National Bureau of Economic Research, and he has been a Visiting Professor at Tel-Aviv University, Harvard University, and Columbia University. He is a Fellow of the Econometric Society, a past President and Fellow of the Association of Environmental and Resource Economists, and a winner of the Jamieson Prize for Excellence in Teaching. Professor Pindyck's research and writing have covered topics in microeconomics and industrial organization, the behavior of natural resource and commodity markets, financial markets, capital investment decisions, and environmental economics. His recent work in environmental economics has focused on climate change, and examined policy design in the face of uncertainty. He has also worked on the economic and policy implications of global catastrophic events, including the COVID-19 pandemic. Professor Pindyck has published numerous academic journal articles, and he is also the author or co-author of seven books, including three popular textbooks: Econometric Models and Economic Forecasts, Microeconomics, and Investment Under Uncertainty.

Reviews for Climate Future: Averting and Adapting to Climate Change

Part 1 of the book emphasizes data collection across the tree of life, but also across levels of biological organization. Cutting-edge methodologies that connect data to demographic analyses are then presented in Part 2, from the estimation of abundance and survival * Mary Ellen Harte,, Quarterly Review of Biology * One of the best books ever written about climate change. Pindyck brilliantly lays out how much we don't know, and why we don't know it. He also shows what we need to do, amidst all those question marks. (Hint: Adapt!) Intriguing and wise-and indispensable. * Cass R. Sunstein, Robert Walmsley University Professor, Harvard, and author of Averting Catastrophe * Very different from the many other books that exist on this matter, which are either painting a totally unrealistic happy ecological transition or overly techno-optimistic, Climate Future generates an important new message: Risk management must be a key tool for optimizing our climate policies. * Christian Gollier, Director, Toulouse School of Economics, and co-author of the 4th and 5th Intergovernmental Panel on Climate Change reports * With greatly increasing attention being given to global climate change, there has been an explosion of books and articles, some of which are worthwhile reading. But Robert Pindyck's new book is one that must be read-whether by scholars, policy makers, journalists, or the interested public. It provides a reality check by honestly and methodically assessing what we know and what we don't know about climate change and the possibilities of averting and adapting to it. Pindyck is a world-class economist, at the top of his game, and a leader in the area of energy and environmental economics. His book is solid yet fresh, broad yet deep, and ultimately of tremendous value. * Robert N. Stavins, A. J. Meyer Professor of Energy and Economic Development, John F. Kennedy School of Government, Harvard University *


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