The 2nd edition of An Introduction to Climate Change Economics and Policy explains the key scientific, economic and policy issues related to climate change in a completely up-to-date introduction for anyone interested, and students at all levels in various related courses, including environmental economics, international development, geography, politics and international relations.
FitzRoy and Papyrakis highlight how economists and policymakers often misunderstand the science of climate change, underestimate the growing threat to future civilization and survival and exaggerate the costs of radical measures needed to stabilize the climate. In contrast, they show how direct and indirect costs of fossil fuels - particularly the huge health costs of local pollution - actually exceed the investment needed for transition to an almost zero carbon economy in two or three decades using available technology.
Felix R. FitzRoy is Professor Emeritus of Economics in the School of Economics and Finance at the University of St. Andrews in the UK. Elissaios Papyrakis is a Senior Lecturer in Economics at the International Institute of Social Studies of the Erasmus University Rotterdam in the Netherlands and in the School of International Development of the University of East Anglia in the UK.
1. Introduction 2. Basic science - and some politics - of climate change 3. Sustainable agriculture: Sequestering carbon for food security 4. Economic growth, well-being and sustainability 5. Development in a changing climate 6. Ethics and climate change 7. Kyoto and other international environmental agreements 8. Incentives for mitigation - carbon taxes and emissions trading 9. The costs of climate change and the benefits of mitigation 10. Green fiscal policy: From austerity to full employment in a low-carbon economy