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Green Paradox A Supply-Side Approach to Global Warming

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ISBN-10: 0262016680

ISBN-13: 9780262016681

Edition: 2012

Authors: Hans-Werner Sinn

List price: $33.95
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The Earth is getting warmer. Yet, as Hans-Werner Sinn points out in this provocative book, the dominant policy approach--which aims to curb consumption of fossil energy--has been ineffective. Despite policy makers' efforts to promote alternative energy, impose emission controls on cars, and enforce tough energy-efficiency standards for buildings, the relentlessly rising curve of CO2 output does not show the slightest downward turn. Some proposed solutions are downright harmful: cultivating crops to make biofuels not only contributes to global warming but also uses resources that should be devoted to feeding the world's hungry. In The Green Paradox, Sinn proposes a new, more pragmatic approach based not on regulating the demand for fossil fuels but on controlling the supply. The owners of carbon resources, Sinn explains, are pre-empting future regulation by accelerating the production of fossil energy while they can. This is the "Green Paradox": expected future reduction in carbon consumption has the effect of accelerating climate change. Sinn suggests a supply-side solution: inducing the owners of carbon resources to leave more of their wealth underground. He proposes the swift introduction of a "Super-Kyoto" system--gathering all consumer countries into a cartel by means of a worldwide, coordinated cap-and-trade system supported by the levying of source taxes on capital income--to spoil the resource owners' appetite for financial assets.Only if we can shift our focus from local demand to worldwide supply policies for reducing carbon emissions, Sinn argues, will we have a chance of staving off climate disaster.
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Book details

List price: $33.95
Copyright year: 2012
Publisher: MIT Press
Publication date: 2/3/2012
Binding: Hardcover
Pages: 288
Size: 6.00" wide x 9.50" long x 1.00" tall
Weight: 0.484
Language: English

The Managing Editors of #60;i#62;Economic Policy#60;/i#62;:#60;p#62;#60;b#62;Tullio Jappelli#60;/b#62; is CSEF Director and Professor of Economics at the University of Naples Federico II.#60;p#62;#60;b#62;Philip Lane#60;/b#62; is Professor of International Macroeconomics at Trinity College Dublin.#60;p#62;#60;b#62;Philippe Martin#60;/b#62; is Professor at the Universit_ Paris-1 Panth_on Sorbonne and CERASENPC and a Research Fellow at CEPR.#60;p#62;#60;b#62;Jan van Ours#60;/b#62; is Professor of Economics at Tilburg University and Professorial Fellow at Melbourne University.#60;p#62;The Senior Editors of #60;i#62;Economic Policy#60;/i#62;:#60;p#62;#60;b#62;Georges de Menil#60;/b#62; works at the Delta Ens, France.#60;p#62;#60;b#62;Richard Portes#60;/b#62; lectures in the Department of Economics, London Business School.#60;p#62;#60;b#62;Hans-Werner Sinn#60;/b#62; is based at the Centre for Economic Studies, University of Munich.#60;p#62;

Preface
Why the Earth Is Getting Warmer
Just a tiny little bit
The greenhouse effect
Why it all comes down to carbon dioxide
Other greenhouse gases
The human influence
One more degree already
The past 800,000 years
Correlation and causality: A solvable puzzle
On to the North Pole
How warm will it get?
What is so bad about it?
Reshaping the World's Energy Matrix
The first climate accords
The Kyoto Protocol
The climate sinners
The world's energy matrix
"Green" electricity
The nuclear alternative
Storing fossil-fuel waste and nuclear waste
Space or waste?
How long will the fossil and nuclear fuels last?
Cheap and expensive ways to reduce the emission of C02
The law of one price and the European emissions trading system
Feed-in tariffs, instrumental goals, and European policy chaos
Table or Tank?
Capturing the sun
What is bioenergy?
"Green" gasoline
More than electricity
A dubious eco-balance sheet
The BtL hope
Slash and burn
One hectare for me!
Farmers to OPEC!
The Tortilla Crisis
The Ratchet Effect
A tale of carbon and man
The Neglected Supply Side
Reckoning without one's host
The missing regulating screw
Supply and demand
How "green" policies shift the demand curve
Rembrandts vs. cars: The carbon supply
Carbon leakage: Grabbing from the collection box
Nature's supply
How much stays in the air?
At the mercy of the sheikhs
What drives the resource owners?
Greed and sustainability
Nirvana ethics
Wrong expectations
The social norm
Why extracting more slowly makes the cake bigger
Why carbon deposits should not be sealed off
The fear of a coup
Fighting the Green Paradox
The impotence of politics
The Green Paradox
A bit of theory
The Green Paradox and carbon leakage
Will production costs and replacement technologies stop extraction?
Temporary and permanent price changes
Paling green
Super-Kyoto
Leading by example?
Source taxes: A supply-side policy
Carbon tax terrors
More forests
Instruments and goals
Notes
Index