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Climate Policy Foundations

Name: Climate Policy Foundations
Brand: Cambridge University Press
SKU: 02050415
Price: 56876 HUF
Availability: InStock
Author: William C. Whitesell
ISBN: 9781107002289

Science and Economics with Lessons from Monetary Regulation

William C. Whitesell

Language

English

Book Hardback

Libristo code: 02050415

Publishers Cambridge University Press, January 2011

This book provides a thorough grounding in the science and economics of climate policy issues and dr... Full description

Libristo code: 02050415

378 b

56 876 Ft

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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.