Global Climate Change Policy: Analysis, Economic Efficiency Issues and International Cooperation

This book proposes implementing an emissions trading system (ETS) in all G20 countries and integrating it into a global ETS to combat climate change. It emphasizes the need for policymakers to support innovation, effective redistribution policies, and modern mobility concepts to achieve climate neutrality. Coordinated measures in the EU/G20 and globally are crucial for this goal.

Format: Paperback / softback
Length: 490 pages
Publication date: 23 March 2023
Publisher: Springer Nature Switzerland AG

This comprehensive book delves into the multifaceted realm of climate change, exploring its economic and international policy dimensions. It makes a compelling case for the adoption of emissions trading systems (ETS) in all G20 countries, with subsequent integration into a global ETS. The urgency of addressing global warming is underscored by recent environmental policy shifts in the United States, under the administrations of Presidents Trump and Biden, as well as the growing momentum of the Fridays For Future movement. Contrary to popular belief, combating climate change does not necessitate a trade-off between economic growth and climate policy. By consistently linking climate policy to new economic strategies, policymakers can foster innovation, implement effective redistribution policies, and embrace modern mobility concepts. Furthermore, the book highlights crucial connections between financial market dynamics and price dynamics within ETS, emphasizing the importance of coordinated efforts within the EU/G20 and at the global level to achieve climate neutrality. By adopting these comprehensive measures, the world can embark on a transformative path toward a sustainable and resilient future.

Weight: 668g
Dimension: 210 x 148 (mm)
ISBN-13: 9783030945961
Edition number: 1st ed. 2022