IDEAS home Printed from https://ideas.repec.org/a/ksp/journ6/v4y2017i1p25-42.html
   My bibliography  Save this article

“What are we Wauting for?" Professor Stern Bypasses the Juggernaut Links in Climate Change

Author

Listed:
  • Jan-Erik LANE

    (Fellow with the Public Policy Institute in Belgrade, Serbia.)

Abstract

Professor N. Stern had had an enormous influence on global warming policy debates. In his 2007 book, he stated the dangerous problem for mankind clearly. And now he comes back with a new book 2016, expressing his frustration about the developments with the UNFCCC and UNEP. The message is: Time is short for policy-making stabilising Planet Earth's climate and thus its overall environment. However, there is an answer to Stern's worry. “What are we waiting for?” in his 2016 book. The COP21 Treaty was possible after years of heavy transaction costs, because it contains the Stern Promise,, i.e. a Super Fund of $100 billion yearly for supporting the giant energy transformation involved in the COP objective of decarbonisation in this century. The COP project stets up global gaming where governments will play their rational strategies including opportunism with guile. Reducing emissions are linked with energy consumption, which is linked with country affluence. Mixing up climate stabilisation with general social development goals (SDG), as economist Sachs suggests, would be a serious mistake, Phycisist Hawkins' recommendation to leave the Earth for some new place in the Universe is but a fairy tale due to lack of energy. Emmissions are linked with energy that is linked with affluence. And all people have the same drive when it comes to money.

Suggested Citation

  • Jan-Erik LANE, 2017. "“What are we Wauting for?" Professor Stern Bypasses the Juggernaut Links in Climate Change," Journal of Economics Bibliography, KSP Journals, vol. 4(1), pages 25-42, March.
    • Handle: RePEc:ksp:journ6:v:4:y:2017:i:1:p:25-42
    as

    Download full text from publisher

    File URL: http://www.kspjournals.org/index.php/JEB/article/download/1178/1252
    Download Restriction: no
    File URL: http://www.kspjournals.org/index.php/JEB/article/view/1178
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Stern,Nicholas, 2007. "The Economics of Climate Change," Cambridge Books, Cambridge University Press, number 9780521700801, January.
    2. Robert J. Barro, 1991. "Economic Growth in a Cross Section of Countries," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 106(2), pages 407-443.
    3. Ramesh, Jairam, 2015. "Green Signals: Ecology, Growth, and Democracy in India," OUP Catalogue, Oxford University Press, number 9780199457526.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Jan-Erik LANE, 2017. "Path to carbonization: The new silk road," Journal of Economics Bibliography, KSP Journals, vol. 4(3), pages 261-272, September.
    2. Otto Brøns-Petersen & Søren Havn Gjedsted, 2021. "Climate change and institutional change: what is the relative importance for economic performance?," Environmental Economics and Policy Studies, Springer;Society for Environmental Economics and Policy Studies - SEEPS, vol. 23(2), pages 333-360, April.
    3. Jan Erik Lane, 2016. "The Race of Mankind: Global Warming In the 21rst Century," Business and Management Horizons, Macrothink Institute, vol. 4(2), pages 1-22, December.
    4. Jan-Erik Lane, 2016. "COP21 and The Decarbonisation of Societies: Can it be Pulled Off in this Century?," Business, Management and Economics Research, Academic Research Publishing Group, vol. 2(6), pages 114-135, 06-2016.
    5. David Castells-Quintana & Maria del Pilar Lopez-Uribe & Tom McDermott, 2015. "Climate change and the geographical and institutional drivers of economic development," GRI Working Papers 198, Grantham Research Institute on Climate Change and the Environment.
    6. Galindo, Luis Miguel & Samaniego, Joseluis, 2010. "La economía del cambio climático en América Latina y el Caribe: algunos hechos estilizados," Revista CEPAL, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL), April.
    7. Lopez-Uribe, Maria del Pilar & Castells-Quintana, David & McDermott, Thomas K. J., 2017. "Geography, institutions and development: a review ofthe long-run impacts of climate change," LSE Research Online Documents on Economics 65147, London School of Economics and Political Science, LSE Library.
    8. Jan-Erik Lane, 2018. "Climate Change Is not Only GHGs but Also Economics," Applied Economics and Finance, Redfame publishing, vol. 5(6), pages 33-41, November.
    9. -, 2009. "Economics of climate change in Latin America and the Caribbean: summary 2009," Libros y Documentos Institucionales, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL), number 2930 edited by Eclac.
    10. Jan-Erik Lane, 2018. "Is Global Management of Anti-Global Warming Policies at All Feasible?," Business and Management Studies, Redfame publishing, vol. 4(3), pages 13-25, September.
    11. Jeffery S. McMullen & Benjamin J. Warnick, 2016. "Should We Require Every New Venture to Be a Hybrid Organization?," Journal of Management Studies, Wiley Blackwell, vol. 53(4), pages 630-662, June.
    12. Olaf J de Groot & Carlos Bozzoli & Anousheh Alamir & Tilman Brück, 2022. "The global economic burden of violent conflict," Journal of Peace Research, Peace Research Institute Oslo, vol. 59(2), pages 259-276, March.
    13. Jan-Erik LANE, 2016. "Emisssion and Energy: A Catch 22," Journal of Economics Bibliography, KSP Journals, vol. 3(2), pages 247-264, June.
    14. Jan-Erik Lane, 2017. "Emissions and Energy: A Catch 22?," International Journal of Sciences, Office ijSciences, vol. 6(02), pages 1-10, February.
    15. Jan Erik Lane, 2016. "Are The Cop21 Objectives Implementable?," Business and Management Horizons, Macrothink Institute, vol. 4(1), pages 86-122, June.
    16. Jan-Erik LANE & Florent DIETERLEN, 2017. "Hawking irreversibility and socio-economic derminism," Journal of Social and Administrative Sciences, KSP Journals, vol. 4(4), pages 357-364, December.
    17. Jan-Erik Lane & Florent Dieterlen, 2018. "Hawking Irreversibility and Socio-Economic Determinism," Journal of Social Science Studies, Macrothink Institute, vol. 5(1), pages 269-280, January.
    18. Jan-Erik Lane, 2018. "Abrupt Climate Change: Time Is Tight," Applied Economics and Finance, Redfame publishing, vol. 5(4), pages 127-139, July.
    19. Jan-Erik Lane, 2016. "Energy and Global Warming: Catch-Up Countries against Mature Economies," International Journal of World Policy and Development Studies, Academic Research Publishing Group, vol. 2(8), pages 55-60, 08-2016.
    20. Jan-Erik Lane, 2018. "Global Warming and the G22 Nations: On the Failure of the Unfccc and Chaos Theory," Applied Economics and Finance, Redfame publishing, vol. 5(2), pages 1-12, March.

    More about this item

    Keywords

    Emissions; Energy; Affluence; Stern; Sacks; Juggernaut; Super Fund.;
    All these keywords.

    JEL classification:

    • N70 - Economic History - - Economic History: Transport, International and Domestic Trade, Energy, and Other Services - - - General, International, or Comparative
    • O13 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Agriculture; Natural Resources; Environment; Other Primary Products
    • P28 - Political Economy and Comparative Economic Systems - - Socialist and Transition Economies - - - Natural Resources; Environment

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ksp:journ6:v:4:y:2017:i:1:p:25-42. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Bilal KARGI (email available below). General contact details of provider: http://www.kspjournals.org .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.