Global Climate Change Policy
Analysis, Economic Efficiency Issues and International Cooperation
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Beschreibung
“From Thunberg to Trump: there are many voices in climate policy. This is a highly recommendable and rational contribution with a focus on economic aspects of an effective and internationally oriented climate policy. Many new insights!”
- Prof. Dr. Raimund Bleischwitz, Chair in Sustainable Global Resources, University College London, till December 2021. Scientific Director, Leibniz Centre for Tropical Marine Research (ZMT), Bremen, since January 2022.
This book considers climate change from an economic and international policy perspective. It argues that an emissions trading systems (ETS) should first be adopted in all G20 countries with those national ETS then integrated into a global ETS. The topic of global warming is at the forefront of international discussions, especially given recent environmental policy changes in the US under Presidents Trump and Biden and the emergence of the Fridays For Future movement.
Combatting climatechange does not necessitate a trade-off between economic growth and climate policy provided that the latter is consistently linked to new economic policy. Policymakers should support innovation, effective redistribution policies and modern mobility concepts. Moreover, there are crucial links between financial market dynamics and price dynamics in ETS. If measures discussed here are coordinated effectively in the EU/G20, and at the global level, then climate neutrality could be achieved.
Paul JJ Welfens is President of the European Institute for International Economic Relations (EIIW) at the University of Wuppertal, Germany, where he holds the Chair for Macroeconomics and Jean Monnet Professorship for European Economic Integration. He is a Research Fellow at IZA, Bonn, and Non-Resident Senior Fellow at AICGS/Johns Hopkins University, Washington DC.
This book considers climate change from an economic and international policy perspective. It argues that an emissions trading systems (ETS) should first be adopted in all G20 countries with those national ETS then integrated into a global ETS. The topic of global warming is at the forefront of international discussions, especially given recent environmental policy changes in the US under Presidents Trump and Biden and the emergence of the Fridays For Future movement.
Combatting climate change does not necessitate a trade-off between economic growth and climate policy provided that the latter is consistently linked to new economic policy. Policymakers should support innovation, effective redistribution policies and modern mobility concepts. Moreover, there are crucial links between financial market dynamics and price dynamics in ETS. If measures discussed here are coordinated effectively in the EU/G20, and at the global level, then climate neutrality could be achieved.Examines the impact of climate change on the poorest parts of the world Provides practical and realistic policy suggestions Highlights the interchange between economic and ecological issues
Autor*in
Paul J.J. Welfens
Themen in »Global Climate Change Policy«
Background to the Climate Problem Climate Protection Problems Options for Climate Action Climate Change Climate Change Management Climate Protection in the EU Modernization of the Energy Industry Failures in Carbon Certificates Macroeconomic Aspects of CO2 Pricing Multilateralism as a Solution to the Climate Problem International Cooperation and the Climate Protection