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Economic Choices in a Warming World

$32.99 (P)

  • Date Published: April 2011
  • availability: Available
  • format: Paperback
  • isbn: 9780521175685

$ 32.99 (P)

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About the Authors
  • Since the publication of the Stern Review, economists have started to ask more normative questions about climate change. Should we act now or tomorrow? What is the best theoretical carbon price to reach long-term abatement targets? How do we discount the long-term costs and benefits of climate change? This provocative book argues that these are the wrong sorts of questions to ask because they don't take into account the policies that have already been implemented. Instead, it urges us to concentrate on existing policies and tools by showing how the development of carbon markets could dramatically reduce world greenhouse gas (GHG) emissions, triggering policies to build a new low-carbon energy system while restructuring the way agriculture interacts with forests. This provides an innovative new perspective on how a post-Kyoto international climate regime could emerge from agreements between the main GHG emitters capping their emissions and building an international carbon market.

    • Presents a comprehensive analysis of the Copenhagen summit giving political leaders and climate negotiators the instruments they need to fight climate change
    • Describes existing offset schemes and includes many examples of carbon-market utilisations on the European cap-and-trade scheme
    • Explains the theoretical foundations of carbon economics and analyses the links between energy and climate change issues
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    Reviews & endorsements

    “For those who do not understand why a global agreement is needed in the climate change rounds and why this agreement is so difficult to reach, this book provides a clear and balanced presentation of the issues.” - Claude Mandil, former Executive Director of the International Energy Agency

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    Product details

    • Date Published: April 2011
    • format: Paperback
    • isbn: 9780521175685
    • length: 260 pages
    • dimensions: 229 x 153 x 13 mm
    • weight: 0.41kg
    • contains: 1 b/w illus. 1 table
    • availability: Available
  • Table of Contents

    Introduction: the opera house of Manaus
    1. Climate risk
    2. Some like it hot (climate change adaptation)
    3. Building a low-carbon energy future
    4. Pricing carbon: the economics of cap-and-trade
    5. Agricultural intensification to preserve forests
    6. Pricing carbon: the economics of offsets
    7. Macroeconomic impacts: distributing the carbon rent
    8. International climate change negotiations
    9. Conclusion: risk of taking action, risk of inaction
    Bibliography: thirty references
    Thirty key facts
    Greenhouse gas emissions in the world
    Glossary of key terms.

  • Instructors have used or reviewed this title for the following courses

    • Contemporary Civilization
    • Environmental Economics and Policy
    • History and the Human Environment
    • Managerial Economics
  • Author

    Christian de Perthuis, University Paris-Dauphine; Chaire Economie du Climat, Caisse des Dépôts, France
    Christian de Perthuis is a Professor of Economics at the University Paris-Dauphine, where he is also the Director of the Masters programme in Energy, Finance and Carbon. He is the head of PREC, a leading research team on climate economics, and a member of the Council on Economics and Sustainable Development, a body advising the French Minister for Environment. At the request of the French Government, he was responsible for designing the French domestic offset program. His most recent book is Pricing Carbon (Cambridge University Press, 2010), co-edited with A. Denny Ellerman and Frank Convery.


    Michael Westlake

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