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Green Capital
A New Perspective on Growth
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Gewicht:
518 g
Format:
236x160x20 mm
Beschreibung:
Christian De Perthuis is a professor of economics at University Paris-Dauphine and head of the Climate Economics Chair. He is the author of several books, including Economic Choices in a Warming World, and as chairman of the Green Tax Committee, designed the carbon tax that was introduced by the French government in January 2014. Pierre-André Jouvet is a professor of economics at the University of Paris-Ouest-Nanterre-la Défense and the scientific director of the Climate Economics Chair. His recent book is Global Environmental Commons: Analytical and Political Challenges in Building Governance Mechanisms.
Challenging the certainty that ecological preservation is incompatible with economic growth, Green Capital shifts the focus from the scarcity of raw materials to the deterioration of the great natural regulatory functions (such as the climate system, the water cycle, and biodiversity). While we can find substitutes for scarce natural resources, we cannot replace a natural regulatory system, which is incredibly complex. It is then essential to introduce a new price into the economy that measures the costs of damage to these regulatory functions. This shift in perspective justifies such innovations as the carbon tax, which addresses not the scarcity of carbon but the inability of the atmosphere to absorb large amounts of carbon without upsetting the climate system.