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Twenty-First Century Macroeconomics:
Responding to the Climate Challenge
Edited by Jonathan M. Harris and Neva R. Goodwin
The Global Development and Environment Institute,
Tufts University, USA
Contents
Introduction by Neva R. Goodwin and Jonathan M. Harris xiv
PART I THE SCOPE OF THE CHALLENGE
1. Understanding the Challenge of Global Warming 3
Lloyd Dumas
2. The New Climate Economics: The Stern Review versus its Critics 32
Frank Ackerman
3. Economics and Climate Change: Resilience, Equity, and Sustainability 58
Neva R. Goodwin
4. The Right to Development in a Climate-Constrained World 75
Paul Baer, Tom Athanasiou, and Sivan Kartha
PART II MACROECONOMIC THEORY PERSPECTIVES
5. Economic Fundamentals of Global Warming 115
Duncan Foley
6. Energy Productivity, Labor Productivity, and Global Warming 127
Lance Taylor
7. Macroeconomics and Sustainable Development:
Applying the Sustainomics Framework 138
Mohan Munasinghe
8. Ecological Macroeconomics: Consumption, Investment and Climate Change 169
Jonathan M. Harris
PART III POLICY OPTIONS FOR RESPONDING TO CLIMATE CHANGE
9. Cap and Dividend: How to Curb Global Warming While Promoting Income Equity 189
James K. Boyce and Matthew Riddle
10. Policies for Funding a Response to Climate Change 226
Brian Roach
11. The New EU Emissions Trading Scheme: A Blueprint for the Global Carbon Market? 250
Christian Egenhofer
12. Implementation of Sustainable Development in Poland 269
Andrzej Kassenberg
13. Climate Change from the Investor’s Perspective 295
Adam Seitchik
Index 314
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