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Sustainable Macroeconomics, Climate Risks and Energy Transitions

Semmler, Willi
SPRINGER
05 / 2023
9783031279812
Inglés
Contributions to Economics
Economia
Industrias energeticas y servicios publicos (''utilities'')
El medioambiente
Ingles

Sinopsis

Given the industrialized world's historical dependence on fossil fuel-based energy resources and the now-realized perils of moving beyond the earth's carbon budget, this book explores the myriad challenges of climate change andnbsp;innbsp;reaching a low-carbon economy.nbsp;Reconciling the medium-term competing, yet frequently complementary, needs for transition policies, the book provides guidelines for complex and often conflicting climate policy tasks. The book presents empirical trends in the use of carbon-emitting resources and evaluates market-driven short-termism and its adverse impact on resource use and the environment; itnbsp;emphasizes a medium-term macroeconomic perspective for thenbsp;transition.nbsp; The authorsnbsp;attemptnbsp;a paradigm shift towardsnbsp;a framework of sustainable macroeconomics.nbsp;Theynbsp;surveynbsp;relevant historical models, conductnbsp;empirical and numerical analyses ofthe climate change-relevant dynamic models, providenbsp;empirical illustrations, and evaluatenbsp;diverse policy options and implementationsnbsp;together withnbsp;their historical evolution.nbsp; New analytical issues are also nbsp;considered, e.g.,nbsp;strategic behavior innbsp;thenbsp;energy and resource sectors, energy competition andnbsp;thenbsp;dynamics of market sharesnbsp;innbsp;new energy nbsp;technology, and supporting policiesnbsp;for dealing with the tipping pointsnbsp;encounterednbsp;in climate change.nbsp; The authors suggest a multitude of market-based strategies and public fiscal, monetary, and financial policies, and longer-run planning for resource extractionnbsp;-allnbsp;suitablenbsp;fornbsp;drivingnbsp;sustainable growth andnbsp;anbsp;transformation of thenbsp;energy sector.nbsp; Thenbsp;booknbsp;alsonbsp;examinesnbsp;the multiple delaying forces slowing the transition to a low-carbon economy; these typically arise from short-termism, lock-ins, irreversibility, leakages, non-cooperative games, and other political strategies.nbsp;Thus, they explain the snail's pace evolution of current national and global climate policies.nbsp;nbsp;nbsp; The booknbsp;will appealnbsp;to scholars and students of economics and environmentalnbsp;science. It is also relevant for policymakers and practitioners in multilateral institutions, research institutions as well asnbsp;governments and ministries of countriesnbsp;interested in alternative energy sources, climatenbsp;economists, andnbsp;those who study thenbsp;implementation of sustainable and lownbsp;carbon-based policies.nbsp;

PVP
67,59€