Eco-Capitalism: Carbon Money, Climate Finance, and Sustainable Development

By: Robert Guttmann

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Synopsis: 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.

Book Quality:: Publisher Quality
ISBN-13:: 9783319923574
Related ISBNs:: 9783319923567
Publisher:: Springer International Publishing
Date of Addition:: 07/27/18
Copyrighted By:: Springer
Adult content:: No
Language:: English
Has Image Descriptions:: No
Categories:: Nonfiction, Science, Outdoors and Nature, Business and Finance, Earth Sciences
Submitted By:: Bookshare Staff
Usage Restrictions:: This is a copyrighted book.