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Full Description
Policies designed to address climate change have been met with limited success. Multilateral treaties, agreements and frameworks linked to the UN and COP meetings have so far failed to limit the rise in average global temperature. Rethinking Climate Policy suggests that one of the most important reasons for this is that we are looking at the economics of climate change in the wrong way, arguing that we need to look at climate change as a problem of resource creation, not resource allocation. It identifies problems in current climate policymaking, breaking many taboos in standard economics, to offer a bold proposal for effective and achievable public policy to achieve a zero-carbon economy. Underpinned by both a sound economic and complex systems analysis, this book develops a groundbreaking metric of economic resilience to measure the capacity of economies to transform without breaking down and accordingly how to best design climate policies.
Contents
1. What is the economic challenge of climate action?; 2. Seeking innovation, not optimality; 3. Economic resources are created, not allocated; 4. The transition in context: the six great waves of innovation; 5. The lifecycle of products and sectors; 6. The sunrise: A new technological constellation; 7. The sunset: Deindustrialisation and post-industrial decline; 8. The great transformation of our time; 9. Instability is the true cost of the transition; 10. Rethinking climate policy.



