Global Climate Change Policy: Analysis, Economic Efficiency Issues and International Cooperation (Sustainable Development Goals Series)

✍ Scribed by Paul J.J. Welfens

• Publisher: Palgrave Macmillan
• Year: 2022
• Tongue: English
• Leaves: 488
• Category: Library

✦ Synopsis

This book considers climate change from an economic and international policy perspective. It argues that an emissions trading systems (ETS) should first be adopted in all G20 countries with those national ETS then integrated into a global ETS. The topic of global warming is at the forefront of international discussions, especially given recent environmental policy changes in the US under Presidents Trump and Biden and the emergence of the Fridays For Future movement.

Combatting climate change does not necessitate a trade-off between economic growth and climate policy provided that the latter is consistently linked to new economic policy. Policymakers should support innovation, effective redistribution policies and modern mobility concepts. Moreover, there are crucial links between financial market dynamics and price dynamics in ETS. If measures discussed here are coordinated effectively in the EU/G20, and at the global level, then climate neutrality could be achieved.

✦ Table of Contents

Preface
Contents
About the Author
List of Figures
List of Tables
Part I: Background to the Climate Problem
Chapter 1: Introduction
Consumption and Production-Based Greenhouse Gas Emissions
Multinationals and Environmental Policy Stringency
New Analytical Perspectives
The Influence of Populism on Climate Protection Policy
Perspectives on International Policy Cooperation
The New US Climate Approach Under President Biden
Carbon Leakage and a Border Adjustment Tax
International Political Economy Aspects
Long-Run Perspective on Global Climate Neutrality Is Crucial
References
Chapter 2: The Climate Challenge and Its Consequences
Climate Protection as an International Public Good
Climate Starting Position at G20
Trading in Emission Certificates
The Climate Issue
The Cost of One Ton of CO2 Damage in Western Europe: €60 or €180?
An Earlier Field of Success: Combating the Ozone Hole
Search for Solutions
Global Warming, Political Refocusing and First Long-Term Studies
Sectors Reducing CO2 Emissions and Sectors Increasing CO2 Emissions
BCG/Prognos Study on Germany
Cushioning Transition and Adjustment Costs Through Special State Funds
Credibility Problems in Germany
Key Questions Recapped
Emissions Trading in the EU: An Innovative Approach
Angry Protests in Lignite Mining Areas Are Little Help to the Climate
Prospects for Renewable Energies in G20 Countries
References
Chapter 3: Climate Protection Problems and Options for Action
Key Points of the Climate Protection Debate
Global Renewable Energy Perspectives
Wind Energy Prospects
Expansion of the EU Emissions Trading System, Fraud and Financial Market Perspectives
Firms’ Progress Toward Climate Neutrality: New Concepts Necessary
Climate Change Situation in the EU
CO2 Tax Rate Does Not Work Like CO2 Certificate Price
Satellite and Sensor Image Analysis for Latin America in 2019
Facts About Germany and International Energy Market Perspectives
References
Chapter 4: Global Warming Perspectives
Melting of Inland Ice as a Long-Term Problem
Differentiated Perspectives on the Climate Problem
References
Chapter 5: Perspectives on the Climate Debate and International Economic Aspects
The Climate Policy Debate and Wider Problem Perspectives
82 Billion People Since the Beginning: Industrialization Since 1850
Economic Catching-up Processes and the China Shock
The Fridays for Future Impact and International Climate Protection Perspectives
International Free-Rider Problems
References
Chapter 6: The Wrong Climate Debate?
References
Part II: What Could Policymakers, Business and Consumers Achieve?
Chapter 7: Climate Protection in the EU: Instruments and International Cooperation Aspects
EU Objectives, Climate Policy Conception and Climate Protection Problems
Reference
Chapter 8: Reservations About Climate Protection Issues
German Advisory Council on the Environment; Electricity Surcharges Too High
German Advisory Council on the Environment: New Council for Intergenerational Justice
Which Instruments for CO2 Reduction Are Efficient?
CO2 Tax Debate
References
Chapter 9: Modernization of the Energy Industry and National Interests
Can Subsidies for Renewable Energies and Nuclear Power Be Justified?
Climate Protection Is More Than Climate Protection Policy
References
Chapter 10: Climate Protection Policy: 2019 Special Report of the German Council of Economic Experts
Role of Multilateral Development Banks in Energy and Transport Transformation
Cost Aspects of Energy System Transformation
References
Chapter 11: Failures in Carbon Certificates and Emissions Trading Systems?
References
Chapter 12: Macroeconomic Aspects of CO2 Pricing
How Much Does Global Climate Neutrality Cost?
References
Chapter 13: Financial Market Aspects of CO2 Certificate Trading in the European Union
References
Chapter 14: The Housing and Transport Sectors
References
Chapter 15: A CO2 Tax as a Sensible Climate Policy Instrument
References
Part III: Multilateralism as a Solution to the Climate Problem
Chapter 16: International Perspectives
Information Deficits as a Particular Challenge
New International Facts and Perspectives
Institutional Innovation: A New Climate Neutrality Organization Under the Auspices of the G20
Negative Scenario
Social Prospects
References
Chapter 17: G20 Problems in Climate Protection Policy
Chapter 18: Global EIIW-Vita Sustainability Indicator and Green Bonds: Opportunities and Problems
Sustainability as a Task
G20
EIIW-Vita Global Sustainability Indicator: OECD-Compatible Approach
Policy Perspectives
Sustainability-Oriented EIIW-Vita Government Bond Portfolio
References
Chapter 19: Weaknesses of the EU Emissions Trading System and Prospects of Linking Emissions Trading Systems and Further Development of the WTO
An International Climate Certificate Fund (ICCF)
References
Part IV: Concepts and Practical Fields for More Sustainability
Chapter 20: Climate Policy Problems: The Concept of a Sustainable Social Market Economy
Reference
Chapter 21: Economic Policy Consequences: Innovation, Mobility Policy and Global Cooperation
Digitalization and Consumption
Aspects of Japan’s Emissions Trading System and Global Certificate Market Integration
References
Chapter 22: Mobility Policy
The Problems Surrounding Rail Policy in Germany and Other Countries
Railway Problems in Germany
Electric Cars as a Systemic Problem in Germany and Europe
Reference
Chapter 23: Conclusion: International Cooperation and the Climate Protection Concept
An Innovative Path to Global Climate Neutrality
Green Innovation Dynamics Are Key for the Path Toward Climate Neutrality
What Can Be Done?
Emission Certificates, Damage of One Metric Ton of CO2, CO2 Tax Rate and Innovation
India as an Important Country in the G20 and for a Globally-Strengthened Climate Protection Policy
An Enormous Contradiction in the EU Adaptation Path in Climate Policy
Simulations: Estimating the Advantage of a Globally Integrated CO2 Certificate Trading System
The Possibility of Reducing the CO2-Related Cost Burden for Industry
Findings on Cost-Benefit Analysis at CPB
New Approaches and a Critical Sum of Individual Measures Essential
Four Final Points
G20 CO2 Certificates and a Corona Vaccination Program as a Dual Strategy
References
Appendix 1: Climate Policy Information on California
Californian Cap-and-Trade System
California Cap-and-Trade Details
California’s Overall Climate Change Program
Auction Revenue
Appendix 2: CO2 Emissions in a Macro Model of the Closed Economy: World Economy
Appendix 3: World Heat Map, July 2019 (University of California at Berkeley)
Appendix 4: Sustainable Development Goals
Appendix 5: Composition of the “German Coal Commission” (Chairpersons and Other Members of the Commission for Growth, Structural Change and Jobs)
Four Chairpersons
Further Members
1.1.1 Members of the German Bundestag Who Participate in the Meetings of the Commission as Persons with the Right to Speak but Without the Right to Vote
Appendix 6: Members of the Ethics Commission for a Safe Energy Supply
Other Members of the Commission
Appendix 7: The G20+ in 2019
Appendix 8: An Optimum Emission Reduction
Appendix 9: Greenhouse Gas Emission Statistics: Emissions Register
Appendix 10: Germany—A Model for Climate Change Policy?
Bibliography
Index