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Eco-Capitalism

Carbon Money, Climate Finance, and Sustainable Development

  • Robert Guttmann

Table of contents

  1. Front Matter
    Pages i-v
  2. Robert Guttmann
    Pages 1-33
  3. Robert Guttmann
    Pages 65-97
  4. Robert Guttmann
    Pages 99-133
  5. Robert Guttmann
    Pages 135-168
  6. Robert Guttmann
    Pages 169-208
  7. Robert Guttmann
    Pages 209-249
  8. Robert Guttmann
    Pages 251-291
  9. Back Matter
    Pages 293-321

About this book

Introduction

Our planet faces a systemic threat from climate change, which the world community of nations is ill-prepared to address, and this book argues that a new form of ecologically conscious capitalism is needed in order to tackle this serious and rising threat. While the Paris Climate Agreement of 2015 has finally implemented a global climate policy regime, its modest means belie its ambitious goals. Our institutional financial organizations are not equipped to deal with the problems that any credible commitment to a low-carbon economy will have to confront. We will have to go beyond cap-and-trade schemes and limited carbon taxes to cut greenhouse gas emissions substantially in due time. This book offers a way forward toward that goal, with a conceptual framework that brings environmental preservation back into our macro-economic growth and forecasting models. This framework obliges firms to consider other goals beyond shareholder value maximization, outlining the principal tenets of a climate-friendly finance and introducing a new type of money linked to climate mitigation and adaptation efforts. 

Keywords

carbon finance low-carbon economy ecological economics environmental economics Paris Climate Agreement global warming climate change cap-and-trade schemes carbon taxes green bonds strong sustainability

Authors and affiliations

  • Robert Guttmann
    • 1
  1. 1.Economics DepartmentHofstra UniversityHempsteadUSA

Bibliographic information

  • DOI https://doi.org/10.1007/978-3-319-92357-4
  • Copyright Information The Editor(s) (if applicable) and the Author(s) 2018
  • Publisher Name Palgrave Macmillan, Cham
  • eBook Packages Economics and Finance
  • Print ISBN 978-3-319-92356-7
  • Online ISBN 978-3-319-92357-4
  • Buy this book on publisher's site