Given the industrialized world’s historical dependence on fossil fuel-based energy resources and the now-realized perils of moving beyond the earth’s carbon budget, this book explores the myriad challenges of climate change and in reaching a low-carbon economy. Reconciling the medium-term competing, yet frequently complementary, needs for transition policies, the book provides guidelines for complex and often conflicting climate policy tasks.
The book
presents empirical trends in the use of carbon-emitting resources and
evaluates market-driven short-termism and its adverse impact on resource
use and the environment; it emphasizes a medium-term macroeconomic
perspective for the transition.
The
authors attempt a
paradigm shift towards a framework of sustainable
macroeconomics. They survey relevant historical models,
conduct empirical and numerical analyses ofthe climate
change-relevant dynamic models, provide empirical illustrations, and
evaluate diverse policy options and implementations together
with their
historical evolution.
New
analytical issues are also considered, e.g., strategic behavior in the energy
and resource sectors, energy competition and the dynamics of market shares in new
energy technology, and supporting policies for
dealing with the tipping points encountered in climate change.
The
authors suggest a multitude of market-based strategies and public fiscal,
monetary, and financial policies, and longer-run planning for resource
extraction -all suitable for driving sustainable growth and a transformation of the energy
sector.
The book also examines the
multiple delaying forces slowing the transition to a low-carbon economy;
these typically arise from short-termism, lock-ins, irreversibility,
leakages, non-cooperative games, and other political
strategies. Thus, they explain the snail’s pace evolution of current
national and global climate policies.
The book will appeal to scholars and students of economics and environmental science. It is also relevant for policymakers and practitioners in multilateral institutions, research institutions as well as governments and ministries of countries interested in alternative energy sources, climate economists, and those who study the implementation of sustainable and low carbon-based policies.
By:
Unurjargal Nyambuu,
Willi Semmler
Imprint: Springer International Publishing AG
Country of Publication: Switzerland
Edition: 1st ed. 2023
Dimensions:
Height: 235mm,
Width: 155mm,
Weight: 494g
ISBN: 9783031279812
ISBN 10: 3031279816
Series: Contributions to Economics
Pages: 195
Publication Date: 31 May 2023
Audience:
Professional and scholarly
,
Undergraduate
Format: Hardback
Publisher's Status: Active
Chapter 1 – Introduction.- Chapter 2 -Sustainable Growth, Welfare and Short-termism.- Chapter 3 - Non-Sustainable Growth, Resource Extraction, and Boom-Bust Cycles.- Chapter 4 - Fossil Fuel Resources, Environment and Climate Change.- Chapter 5 - Limits on the Extraction of Fossil Fuels,- Chapter 6 - Fossil Fuel Resource Depletion, Backstop Technology, and Renewable Energy.- Chapter 7 - Transition to a Low Carbon Energy System.- Chapter 8 - The Private Sector – Energy Transitions and Financial Market.- Chapter 9 - The Public Sector – Energy Transition and Fiscal and Monetary Policies.- Chapter 10 - Delaying Forces and Climate Negotiation – Games, Lock-ins, Leakages, and Tipping Points.- Chapter 11 - Climate Risks, Sustainable Finance, and Climate Policy.- Chapter 12 - Concluding Remarks.
Unurjargal Nyambuu is an economist and professor in the Department of Social Science, the New York City College of Technology, CUNY (USA). She is also a research fellow in Finance and Risk Engineering at NYU’s Tandon School. Dr. Nyambuu previously served as an economist with the Central Bank of Mongolia. Willi Semmler is the Henry Arnhold Professor of International Cooperation and Development at the New School for Social Research in New York (USA). There, he directs the Schwartz Center for Economic Policy Analysis’ Economics of Climate Change project. He is also a senior researcher at IIASA, Laxenburg (Austria), a research fellow at La Sapienza University (Rome) and affiliated with the University of Bielefeld (Germany).
