The Macroeconomics of Decarbonisation

Implications and Policies
Erscheinungsjahr 2024
ISBN: 978-1-00-943836-0
Verlag: Cambridge University Press

Buch, Englisch, 342 Seiten, Format (B × H): 152 mm x 229 mm, Gewicht: 630 g

Decarbonisation is the reduction of carbon dioxide emissions using low carbon power sources, lowering output of greenhouse gasses into the atmosphere. This is essential to meet global temperature standards set by international climate agreements. To limit global warming to 1.5°C, hence avoiding the worst-case scenarios predicted by climate science, the world economy must rapidly reduce its emissions and reach climate neutrality within the next three decades. This will not be an easy journey. Shifting away from carbon-intensive production will require a historic transformation of the structure of our economies. Written by a team of academics linked to the European think tank Bruegel, The Macroeconomics of Decarbonisation provides a guide to the macroeconomic fundamentals of decarbonisation. It identifies the major economic transformations, both over the long- and short-run, and the roadblocks requiring policy intervention. It proposes a macroeconomic policy agenda for decarbonisation to achieve the climate goals of the international community.

Autoren/Hrsg.

Claeys, Grégory

Le Mouel, Marie

Tagliapietra, Simone

Wolff, Guntram B

Zachmann, Georg

Inhaltsverzeichnis

Introduction; 1. Understanding deep decarbonisation over the long run; 2. Understanding decarbonisation's short-term disruptions to economic activity; 3. The distributional effects of climate policy; 4. Public finances and decarbonisation; 5. Greening innovation, industrial and competition policies; 6. Mobilising the financial system for decarbonisation; 7. Decarbonisation and labour markets; 8. Greening central banks; Conclusions: the macroeconomics of decarbonisation: between degrowth and green growth.

Über Autor(innen)

Claeys, Grégory
Grégory Claeys is a Senior Fellow at the Brussels-based economic think tank Bruegel, where he has been working since 2014, and an Associate Professor at the Conservatoire National des Arts et Métiers in Paris where he has been teaching macroeconomics since 2015. His research interests include international macroeconomics and finance, central banking and European economic governance.

Le Mouel, Marie
Marie Le Mouel is an Affiliate Fellow at Bruegel and a Lecturer at Tilburg University, where she has been teaching economic growth since 2018. Her research interests include the macroeconomics of decarbonisation, green industrial policy, drivers of productivity growth and dispersion, and intangible assets.

Wolff, Guntram B
Guntram B. Wolff is the CEO of the German Council on Foreign Relations (DGAP) since 2022. He is a widely cited academic working on European political economy, climate, macroeconomic policy and geopolitics. From 2013-2022, he developed Bruegel into a globally leading institute and regularly testified to EU finance ministers' ECOFIN meeting.

Zachmann, Georg
Georg Zachmann is a Senior Fellow at Bruegel. Over the past decade, he conducted extensive empirical works on identifying regional economic potentials. In the energy crisis Georg's work gained prominence in the media, providing clear assessments of Europe's supply situation. He previously worked at the German Ministry of Finance.

Tagliapietra, Simone
Simone Tagliapietra is a Senior fellow at Bruegel. He is also a Professor of Energy and Climate Policy at The Johns Hopkins University – School of Advanced International Studies (SAIS) Europe. With a record of numerous policy and scientific publications, also in leading journals such as Nature and Science, he is the author of Global Energy Fundamentals (Cambridge University Press, 2020).