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Climate Crisis Economics




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ISBN 9780367478698
September 6, 2021 Forthcoming by Routledge
240 Pages 39 B/W Illustrations

 
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Book Description

Climate Crisis Economics draws on economics, political economy, scientific literature, and data to gauge the extent to which our various communities — political, economic, business — are making the essential leap to a new narrative and policy approach that will accelerate us towards the necessary transition to a decarbonised economy and sustainable future.

The book draws out policies and practices with both national and local examples, which will demonstrate various complementary approaches that are empowering states and people as they seek to pursue the carbon neutral goal. The author delineates a climate crisis economics approach that is fit for purpose and which can help achieve necessary climate change goals in the decades ahead. Ensuring economic and ecological sustainability is neither easy nor cost-free; there is no single solution to the climate crisis. All aspects of our economies, policies, business, and personal practices must come into alignment in order to succeed. Frustratingly, we know what is needed and we have many of the technologies and systems to make the leap to a carbon neutral economy, yet we still fail to act with alacrity. Leaders, communities, and businesses must shift their narratives in how they talk about and think about the climate crisis. In doing so, in making the narrative leap to a new understanding about what is possible and necessary, we can stop endangering our common future and single, fragile, global habitat, and instead set the stage for Green Globalisation 2.0 and a new sustainable industrial revolution.

Climate Crisis Economics will appeal to academics, students, investors, and professionals from varying disciplines including politics, international political economy, and international economics. Written in an accessible voice, it draws on work in fields outside of and in addition to politics and economics to make a case for climate crisis economics as an approach to addressing the climate change challenge ahead.

Table of Contents

Prologue: An Imagined Vision of the Near Future Without Action on Climate Change

1. Crises as Crucibles for Change

2. Obscured Horizons and Middling Models

3. Setting Targets, Pricing Carbon, and Punishing Laggards

4. Demographics, the Changing Investment Narrative Landscape, and Market Incentives

5. Building a Decarbonised World: Institutional Innovations that Reinforce Market Outcomes

6. A Greening of Industrial Policy: Speeding Diffusion and the Achievement of Net Zero

7. Greening our Stories, Internationally, Nationally, and Especially Locally

8. On Decarbonization, Economic Growth and a Just Transition

9. A Race of Tipping Points

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Author(s)

Biography

Stuart P. M. Mackintosh is Executive Director of the Group of Thirty (www.g30.org), an influential international economic and financial think tank comprised of the most senior figures in central banking, finance, and academia. In 2016 he was elected by his peers as President of the National Association of Business Economics, the leading US organization of professional economists. He is also a Visiting Fellow at Newcastle University, UK. He has a deep and broad international professional network across the US and globally and he is the author of The Redesign of the Global Financial Architecture (2016; 2nd ed. 2021). www.stuartmackintoshauthor.com

Reviews

‘Timed to influence the 2021 UN climate change conference in Glasgow, Stuart Mackintosh presents a compelling case for urgent, comprehensive action to meet the challenge of our era. Dispensing acute analysis and pungent judgement this highly readable manifesto for engagement shows the path forward to a green globalization 2.0. This book is an indispensable guide for business, educators, journalists, government officials and every citizen. It is a major achievement made possible by Mackintosh’s decades-long global experience in the European Union, with Mitsubishi, and as executive director of the Group of Thirty and as president of the National Association of Business Economists.’

Dr. Carl Lankowski, retired director of European Area Studies, US Department of State

‘Dr. Mackintosh has written a long overdue book. Climate Crises Economics covers this vital subject fully in a candid and unusually complete manner. His book can be read by the expert or educated layman. One of his skills is weaving together a number of recommended solutions rather than one draconian one. An important read for those who care, a must-read for those who want to put a solution in place.’

Michael O. Clark, Senior Advisor at 1919 Investment Counsel, LLC, USA

‘Few areas of study combine the efforts of science, economics and public policy as does climate change analysis. Stuart Mackintosh, with his background in economics and public policy, is excellently positioned to combine the threads of these three efforts into a manuscript that describes an approach to achieve the goals of public and private agents in the field of climate change. I endorse this book as a must-read for those who wish to actively pursue the goals of addressing climate change in a systematic way.’

John Silvia, CEO and Founder of Dynamic Economic Strategy, USA