The Green Frontier: Assessing the Economic Implications of Climate Action
Jean Pisani-Ferry (PIIE) and Adam S. Posen (PIIE), editors
Book Description
Body
Addressing climate change will entail major challenges for economic growth, employment, inflation, and public finances. Mitigating the impact of global warming will yield benefits and costs that are yet to be quantified and defined for the global economy and for nations, workers, households, and companies. The Green Frontier: Assessing the Economic Implications of Climate Action offers research originally presented at a major conference at the Peterson Institute for International Economics in June 2023 in Washington, DC, organized to shed light on this still unexplored field of study and recommend policies for the future.
Data Disclosure:
The data underlying this analysis are available here [zip].
Contents
Preface
Introduction
Jean Pisani-Ferry and Adam S. Posen
1 Energy Transition: The Race between Technology and Political Backlash
Pierre-Olivier Gourinchas, Gregor Schwerhoff, and Antonio Spilimbergo
2 The Macroeconomics of Climate Change: Starting Points, Tentative Results, and a Way Forward
John Hassler, Per Krusell, and Conny Olovsson
Comments on Chapters 1 and 2
Alain de Serres and James Stock
3 Green Innovation and the Transition toward a Clean Economy
Daron Acemoglu, Philippe Aghion, Lint Barrage, and David Hémous
4 Sequencing Decarbonization Policies to Manage Their Macroeconomic Impacts
Steven Fries
Comments on Chapters 3 and 4
Jason Furman and Neil Mehrotra
5 How Does Decarbonization Change the Fiscal Equation?
Ruud de Mooij and Vitor Gaspar
Comments on Chapter 5
Luis Garicano and Selma Mahfouz
6 Macroeconomic Implications of a Transition to Net Zero Emissions
Stéphane Hallegatte, Florent McIsaac, Hasan Dudu, Charl Jooste, Camilla Knudsen, and Hans Beck
7 Climate Action: Implications for Factor Market Allocation
Robert Z. Lawrence
Comments on Chapters 6 and 7
Ioana Marinescu and Stefano Scarpetta
8 How Trade Cooperation by the United States, the European Union, and China Can Fight Climate Change
Chad P. Bown and Kimberly Clausing
9 Powering the Clean Energy Innovation System
Reinhilde Veugelers
Comments on Chapters 8 and 9
Maurice Obstfeld and Jeromin Zettelmeyer
10 A Cost-Efficient Transition to Climate Neutrality
Pierre Wunsch
Index