Economics and the Challenge of Global Warming

'The economics of climate change is as complex as it is vital. To understand it, you can read dozens of journal articles and try to make sense of it on your own - or you can read Charles Pearson's brilliant synthesis and interpretation. I strongly recommend that you start with this wonderful new book.' Scott Barrett, Columbia University 'Charles Pearson's work always sheds light, rather than heat, on complex policy questions. This book is no exception. With his clear and winsome nontechnical approach, Pearson unravels the latest economic research on climate change. Within the context of scientific research and political feasibility, he shows how economics contributes to the development of effective, efficient, and internationally equitable responses to this difficult environmental problem.' Judith M. Dean, Brandeis University 'Pearson's book gives a thorough treatment of all central topics related to climate policy. It is up-to-date with references to recent research and it is written in a style that is also accessible to non-economists.' Michael Hoel, University of Oslo 'Climate change is arguably the biggest economic and political challenge of the 21st century. This book provides an excellent survey of the economic literature on global warming with a special emphasis on the contributions of cost-benefit analysis. The author also shows the reasons why political efforts to mitigate global warming have had little success so far. This stimulating, well-written book on a topical issue, by a recognized expert in the field, should attract a wide readership beyond the narrow group of economic specialists.' Werner E. Neudeck, Vienna School of International Studies 'Just as rapid internationalization of the world's economies made closed-economy approaches to macroeconomic policy obsolete, the economics of climate change are transforming the way we think about applied microeconomic policy. Economics and the Challenge of Global Warming offers an insightful, articulate, rigorous, and comprehensive review of the topic, written in an intuitive and easy-to-follow manner by a crack professor with extensive experience. I would highly recommend it.' Michael G. Plummer, Organization of Economic Cooperation and Development, Paris 'Charles Pearson is a widely respected and senior figure in the international relations field and he has produced an authoritative and up-to-date volume of great relevance to debate on one of today's leading global issues: climate change. He focuses on the role of economics, including cost-benefit analysis and the cost effectiveness of different strategies and policies. His book will be welcomed and widely read.' John Whalley, University of Western Ontario The economics of climate change is as complex as it is vital. To understand it, you can read dozens of journal articles and try to make sense of it on your own - or you can read Charles Pearson's brilliant synthesis and interpretation. I strongly recommend that you start with this wonderful new book. - Scott Barrett, Columbia University Charles Pearson's work always sheds light, rather than heat, on complex policy questions. This book is no exception. With his clear and winsome nontechnical approach, Pearson unravels the latest economic research on climate change. Within the context of scientific research and political feasibility, he shows how economics contributes to the development of effective, efficient, and internationally equitable responses to this difficult environmental problem. - Judith M. Dean, Brandeis University Pearson's book gives a thorough treatment of all central topics related to climate policy. It is up-to-date with references to recent research and it is written in a style that is also accessible to non-economists. - Michael Hoel, University of Oslo Climate change is arguably the biggest economic and political challenge of the 21st century. This book provides an excellent survey of the economic literature on global warming with a special emphasis on the contributions of cost-benefit analysis. The author also shows the reasons why political efforts to mitigate global warming have had little success so far. This stimulating, well-written book on a topical issue, by a recognized expert in the field, should attract a wide readership beyond the narrow group of economic specialists. - Werner E. Neudeck, Vienna School of International Studies Just as rapid internationalization of the world's economies made closed-economy approaches to macroeconomic policy obsolete, the economics of climate change are transforming the way we think about applied microeconomic policy. Economics and the Challenge of Global Warming offers an insightful, articulate, rigorous, and comprehensive review of the topic, written in an intuitive and easy-to-follow manner by a crack professor with extensive experience. I would highly recommend it. - Michael G. Plummer, Organization of Economic Cooperation and Development , Paris Charles Pearson is a widely respected and senior figure in the international relations field and he has produced an authoritative and up-to-date volume of great relevance to debate on one of today's leading global issues: climate change. He focuses on the role of economics, including cost-benefit analysis and the cost effectiveness of different strategies and policies. His book will be welcomed and widely read. - John Whalley, University of Western Ontario