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Climate Policy Foundations

Climate Policy Foundations

Hardcover

Business GeneralEnvironmental Studies

ISBN10: 1107002281
ISBN13: 9781107002289
Publisher: Cambridge University Press
Published: Jan 17 2011
Pages: 254
Weight: 1.05
Height: 0.90 Width: 6.00 Depth: 9.00
Language: English
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.

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Business General