Reversing Climate Change: How Carbon Removals Can Resolve Climate Change And Fix The Economy

Format: Paperback / softback
Length: 364 pages
Publication date: 16 July 2020
Publisher: World Scientific Publishing Co Pte Ltd

Economists around the world have acknowledged the remarkable talent of Graciela Chichilnisky, and with this book, she has honed that expertise to address the pressing issue confronting humanity. To ensure our survival, we must go beyond merely preventing a further increase in CO₂ levels in the atmosphere. We must actively reverse this trend if the planet is to remain viable.

Professor Chichilnisky's remarkable achievement, in collaboration with her co-author Peter Bal, is to guide us toward rescuing our future. Professor Edmund Phelps, the 2006 Nobel Laureate in Economics and Director of the Center on Capitalism and Society at Columbia University, has praised their work, stating that they possess exceptional skills in explaining complex climate change topics with remarkable clarity, making them accessible to non-scientists interested in this critical issue.

The team of Chichilnisky and Bal delves into the science behind climate change, the intricate international negotiations required to strike a balance between developing and developed nations, and the urgent need to find a viable solution for extracting CO₂ from the atmosphere and effectively utilizing and sequestering it in a commercially profitable manner. Regrettably, this crucial aspect has received limited attention from the media.

The Kyoto Protocol, a landmark agreement, capped emissions from major emitters, primarily the industrialized countries. It also introduced an innovative financial mechanism known as the Carbon Market and its Clean Development Mechanism (CDM). This mechanism allows developing nations to earn carbon credits when they reduce their emissions below their baselines. The carbon market, a groundbreaking economic system that established a price for carbon for the first time, has now been adopted across four continents, endorsed by the World Bank, and even recommended by leading oil and gas companies.

In conclusion, Graciela Chichilnisky's genius is recognized by economists, and with this book, she has focused that talent on the dire problem facing mankind. By reversing the rise of CO₂ in the atmosphere and finding commercially viable solutions for its extraction and sequestration, we can rescue our future and ensure a sustainable planet for generations to come.

Weight: 526g
Dimension: 153 x 229 x 25 (mm)
ISBN-13: 9789814719353