The Green Paradox: A Supply-Side Approach to Global Warming
AbstractThe 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.
Download InfoTo our knowledge, this item is not available for download. To find whether it is available, there are three options:
1. Check below under "Related research" whether another version of this item is available online.
2. Check on the provider's web page whether it is in fact available.
3. Perform a search for a similarly titled item that would be available.
Bibliographic InfoThis book is provided by The MIT Press in its series MIT Press Books with number 0262016680 and published in 2012.
Contact details of provider:
Web page: http://mitpress.mit.edu
environmental politics; policy; public economics; consumerism;
Find related papers by JEL classification:
- H0 - Public Economics - - General
- Q5 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics
- G1 - Financial Economics - - General Financial Markets
You can help add them by filling out this form.
CitEc Project, subscribe to its RSS feed for this item.
- Marc Gronwald & Ngo Van Long & Luise Röpke, 2013. "Simultaneous Supplies of Dirty and Green Fuels with Capacity Constraint: Is there a Green Paradox?," CESifo Working Paper Series 4360, CESifo Group Munich.
- Paul Collier & Anthony J Venables, 2014.
"Closing Coal: Economic and Moral Incentives,"
OxCarre Working Papers
132, Oxford Centre for the Analysis of Resource Rich Economies, University of Oxford.
- Paul Collier & Anthony J. Venables, 2014. "Closing coal: economic and moral incentives," Grantham Research Institute on Climate Change and the Environment Working Papers 157, Grantham Research Institute on Climate Change and the Environment.
- Corrado Di Maria & Ian A. Lange & Edwin van der Werf, 2012.
"Should we be Worried about the Green Paradox? Announcement Effects of the Acid Rain Program,"
CESifo Working Paper Series
3829, CESifo Group Munich.
- Di Maria, Corrado & Lange, Ian & van der Werf, Edwin, 2014. "Should we be worried about the green paradox? Announcement effects of the Acid Rain Program," European Economic Review, Elsevier, vol. 69(C), pages 143-162.
- Corrado Di Maria & Ian Lange & Edwin van der Werf, 2012. "Should We Be Worried About the Green Paradox? Announcement Effects of the Acid Rain Program," Working Papers 2012.49, Fondazione Eni Enrico Mattei.
- Klaus Wohlrabe, 2013. "Einige Anmerkungen zum Handelsblatt-Ranking 2013," Ifo Schnelldienst, Ifo Institute for Economic Research at the University of Munich, vol. 66(23), pages 79-83, December.
- Helm, Dieter, 2014. "The European framework for energy and climate policies," Energy Policy, Elsevier, vol. 64(C), pages 29-35.
- Eric Bahel & Walid Marrouch & Gerard Gaudet, 2010.
"The Economics of Oil, Biofuel and Food Commodities,"
e07-26, Virginia Polytechnic Institute and State University, Department of Economics.
- Bahel, Eric & Marrouch, Walid & Gaudet, Gérard, 2013. "The economics of oil, biofuel and food commodities," Resource and Energy Economics, Elsevier, vol. 35(4), pages 599-617.
- BAHEL, Eric & MARROUCH, Walid & GAUDET, Gérard, 2011. "The Economics of Oil, Biofuel and Food Commodities," Cahiers de recherche 02-2011, Centre interuniversitaire de recherche en économie quantitative, CIREQ.
- BAHEL, Eric A. & MARROUCH, Walid & GAUDET, Gérard, 2011. "The Economics of Oil, Biofuel and Food Commodities," Cahiers de recherche 2011-02, Universite de Montreal, Departement de sciences economiques.
- John Hassler & Hans-Werner Sinn, 2012.
"The Fossil Episode,"
CESifo Working Paper Series
4016, CESifo Group Munich.
- Grafton, R. Quentin & Kompas, Tom & Long, Ngo Van & To, Hang, 2014. "US biofuels subsidies and CO2 emissions: An empirical test for a weak and a strong green paradox," Energy Policy, Elsevier, vol. 68(C), pages 550-555.
- Daniel Nachtigall & Dirk Rübbelke, 2014.
"The Green Paradox and Learning-by-Doing in the Renewable Energy Sector,"
CESifo Working Paper Series
4880, CESifo Group Munich.
- Daniel Nachtigall & Dirk Rübbelke, 2013. "The Green Paradox and Learning-by-doing in the Renewable Energy Sector," Working Papers 2013-09, BC3.
- GRAFTON, R. Quentin & KOMPAS, Tom & LONG, Ngo Van, 2011.
"Substitution between Biofuels and Fossil Fuels: Is There a Green Paradox?,"
Cahiers de recherche
10-2011, Centre interuniversitaire de recherche en économie quantitative, CIREQ.
- Quentin Grafton, R. & Kompas, Tom & Van Long, Ngo, 2012. "Substitution between biofuels and fossil fuels: Is there a green paradox?," Journal of Environmental Economics and Management, Elsevier, vol. 64(3), pages 328-341.
- Quentin Grafton & Tom Kompas & Ngo Van Long, 2012. "Substitution between bio-fuels and fossil fuels: is there a Green Paradox?," CIRANO Working Papers 2012s-10, CIRANO.
- Gabriela Michalek & Reimund Schwarze, 2014. "Carbon Leakage: Pollution, Trade or Politics?," Discussion Paper Series RECAP15 12, RECAP15, European University Viadrina, Frankfurt (Oder).
- Benchekroun, Hassan & Ray Chaudhuri, Amrita, 2014. "Transboundary pollution and clean technologies," Resource and Energy Economics, Elsevier, vol. 36(2), pages 601-619.
- Geoffrey Blanford & Elmar Kriegler & Massimo Tavoni, 2014. "Harmonization vs. fragmentation: overview of climate policy scenarios in EMF27," Climatic Change, Springer, vol. 123(3), pages 383-396, April.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Jake Furbush).
If references are entirely missing, you can add them using this form.