The Science, Economics, and Politics of Global Climate Change: A Review of The Climate Casino by William Nordhaus

2015 ◽  
Vol 53 (1) ◽  
pp. 79-91 ◽  
Author(s):  
Adam B. Jaffe ◽  
Suzi Kerr
Keyword(s):  
Climate Change ◽  
Global Climate Change ◽  
Global Climate ◽  
Neoclassical Economics ◽  
Policy Response ◽  
Global Action ◽  
The Subject ◽  
Benefit Cost ◽  
Economics And Politics

The problem of global climate change presents overwhelming factual, analytical, and normative challenges. Nordhaus surveys this terrain bravely and mostly successfully. He explains the scientific/economic consensus that the planet is warming, that people are responsible, that the consequences are bad, and that immediate action is benefit/ cost justified. He also discusses the efficient policy response, and the challenges of achieving coordinated global action. His approach is mostly that of standard neoclassical economics, and some of the limitations of that paradigm in this context are not addressed. But overall, The Climate Casino provides an excellent self-contained introduction to the subject. (JEL D61, H23, Q51, Q54, Q58, D72)

scholarly journals Alternatives for Financing of Municipal Investments - Green Bonds

2019 ◽  
Vol 12 (1) ◽  
pp. 57-77 ◽  
Author(s):  
Svetlana Aleksandrova-Zlatanska ◽  
Desislava Zheleva Kalcheva
Keyword(s):  
Climate Change ◽  
Global Climate Change ◽  
Western Europe ◽  
Capital Expenditure ◽  
Global Climate ◽  
Bond Market ◽  
School Construction ◽  
Bank Financing ◽  
The Subject ◽  
Political Economic

AbstractThe perspective of global climate change emerges as a significant political, economic, financial and social issue. Scientific researches show that the accumulated carbon dioxide (CO2), released by the industry and agriculture, together with the contribution of man-made greenhouse gases leads to a rise in the temperature of the earth's surface. Traditional sources of financing capital expenditure, such as own revenues and bank financing have proved to be extremely insufficient. At the same time, not only traditional municipal needs, such as costs for street, road, bridge, school construction etc., but also the need of investments related to climate change have been on the rise. The purpose of this article is to examine and analyze alternatives for financing climate change-related municipal investments. The subject of the research is green bonds and the so-called Subnational Pooled Financing Mechanisms, which have already gained popularity in Western Europe but are not yet well known in Eastern Europe. The positive aspects and opportunities that the green bond market reveals as well as the barriers to this type of financing are assessed and an analysis of the practice of bond financing in Europe is made.

An equity- and sustainability-based policy response to global climate change

Energy Policy ◽  
1998 ◽  
Vol 26 (4) ◽  
pp. 335-343 ◽  
Author(s):  
John Byrne ◽  
Young-Doo Wanga ◽  
Hoesung Lee ◽  
Jong-dall Kim
Keyword(s):  
Climate Change ◽  
Global Climate Change ◽  
Global Climate ◽  
Policy Response

Causes of Global Climate Change

2017 ◽  
pp. 269-282
Author(s):  
Olena Shevchenko
Keyword(s):  
Climate Change ◽  
International Organizations ◽  
Global Climate Change ◽  
Global Climate ◽  
Anthropogenic Factors ◽  
Political Will ◽  
Political Dialogue ◽  
Natural Factors ◽  
The Subject ◽  
Definition Of

The article deals with modern approaches related to the definition of the global climate change causes. Noteworthy, there are two scientific approaches concerning this issue: some, who believe that global climate change was caused by anthropogenic factors and others, who believe that the cause of this phenomenoncaused by natural factors. It indicates the lack of consensus on the causes of climate change on the planet. The author’s focus also revolves around the existing manifestations of climate change and the global risks that aggravate this process. It has been determined that today, to prevent these risks, it is necessary to develop adaptation programs and mitigate the effects of global climate change on the global, national, local and corporate levels. The practical measures taken by the United Nations, other international organizations, governments, cities and corporations indicate the existence of political will and understanding of the inevitability of changes. To conclude, the author states that the problem of global climate change, being scientific to a great extend, has largely increased in becoming the subject of international political dialogue. Keywords: Global climate change, global risks, adaptation, mitigation

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