The Price of Climate Change : Sustainable Financial Mechanisms book cover
1st Edition

The Price of Climate Change
Sustainable Financial Mechanisms

ISBN 9781032057910
Published September 13, 2021 by CRC Press
132 Pages 20 B/W Illustrations

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Book Description

The Price of Climate Change: Sustainable Financial Mechanisms presents a summary of the effects of global warming with specific emphasis on what these phenomena will cost and the price we must pay for trying to mitigate these processes. Some of these mitigation strategies include reducing our use of carbon by converting to non-carbon energy sources such as solar, wind, and nuclear, or lower-carbon sources such as natural gas. The book examines the financial implications of society adapting to the effects of climate change, including rising sea levels, extreme weather events, and desertification. Further, it addresses the costs to make buildings more resilient to climate change, such as flood considerations, improving durability against severe weather, bolstering insulation, and more. Sources of funding for any type of environmental projects, including those for climate change mitigation, are also examined. These include governmental budgets at the federal, state, and local levels, international development banks, international capital markets, and private funds.


  • Addresses global climate change issues from the standpoints of mitigation, adaptation, and resilience and the funding mechanisms for each.
  • Describes different types of energy sources as well as their respective costs, including nuclear, solar, natural gas, and more.
  • Examines the effects of agriculture on climate change as well as the potential ways it can be used to help mitigate the issue.

The book’s straightforward approach will serve as a useful guide and reference for practicing professionals and can also be appreciated by the general public interested in climate change issues and mitigation strategies.

Table of Contents

Introduction: Paying for Climate Change


Chapter 1 The Lake People

Chapter 2 The Beginnings

Chapter 3 International Developments

Chapter 4 Principles of Paying for Climate Change

Chapter 5 The Price of Rising Sea Levels

Chapter 6 Extreme Weather Events

Chapter 7 Desiccation

Chapter 8 Solar Energy

Chapter 9 Locational Renewable Energy Sources

Chapter 10 Nuclear Power

Chapter 11 Natural Gas

Chapter 12 Climate Finance Strategies

Chapter 13 The Price of Renewable Energy

Chapter 14 Other Renewable Energy Financing

Chapter 15 Carbon and Agriculture

Chapter 16 Tree Planting

Chapter 17 Carbon and Transportation

Chapter 18 Cap and Trade

Chapter 19 Statewide or Regional Funds

Chapter 20 Coastal Resiliency Finance

Chapter 21 Flood Insurance

Chapter 22 Environmental Impact Bonds


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Michael Curley is a lawyer and currently a visiting scholar at the Environmental Law Institute in Washington, DC. He founded the Environmental Finance Centers at the University of Maryland, Cleveland State University, and the Maxwell School at Syracuse University. He served as a senior lecturer at the Johns Hopkins University, and he was also an adjunct professor of banking and finance at New York University. He has also taught environmental law and finance at the Vermont Law School. In 1990, he was appointed to the Environmental Financial Advisory Board (EFAB) at the EPA, where he served for 21 years under four US Presidents.