Fighting Global Warming: Problematic Economic Implications

The green transition is hindered by the economic implications it poses. The pace of action is sluggish not because the threat of global warming is underestimated, but because the cost of decarbonizing the economy would affect businesses, jobs, incomes, and above all, it would exacerbate inequality. The political will is lacking not because of lobbying by greedy climate deniers but because swift legislation would unleash high prices, unemployment, and a resounding backlash in favor of political extremists.

This book explains what are these economic shackles behind the unrelenting rise of CO2 emissions, what are the technical contingencies, and what is the current plan to contain global warming, and what is at stake politically.

As there is no convincing progress yet, the final pages will reference another book, “The Green-Market System.” This book offers an innovative solution designed to entice both consumers and corporations to embrace the transition to a carbon-free economy.