Coping with the Climate Crisis

Rabah Arezki is the chief economist of the World Bank’s Middle East and North Africa Region and a senior fellow at Harvard’s Kennedy School of Government. He was the chief of the commodities unit in the IMF’s research department. He has written on energy, commodities, development, and international economics.Patrick Bolton is the Barbara and David Zalaznick Professor of Business at Columbia University. His books include Contract Theory (2005) and Sovereign Wealth Funds and Long-Term Investing (Columbia, 2011).Karim El Aynaoui is dean of the Faculty of Economics and Social Sciences of the Mohammed VI Polytechnic University. He is also managing director of OCP Policy Center.Maurice Obstfeld is economic counselor and director of research at the International Monetary Fund and Class of 1958 Professor of Economics at the University of California, Berkeley. He was a member of President Obama’s Council of Economic Advisers and is coauthor of International Economics (11th edition, 2018) and Foundations of International Macroeconomics (1996).

• Foreword, by Nizar Baraka, President of the Scientific Committee of COP22AcknowledgmentsIntroduction, by Rabah Arezki, Patrick Bolton, Karim El Aynaoui, and Maurice ObstfeldPart I: The Energy Transition and Its Consequences1. Reducing Energy Greenhouse Gas Emissions to Meet Our Climate Goals: An Overview, by Philippe Benoit2. Transitional Risks and the Safe Carbon Budget, by Rick van der PloegPart II: Carbon Pricing and Dealing with Uncertainty3. Fighting Climate Change and the Social Cost of Carbon, by Christian Gollier4. How Should Countries Price Fossil Fuels?, by Ian Parry5. Should Carbon Pricing Be Different Across Countries?, by Katheline Schubert6. Needed: Robustness in Climate Economics, by Ted Loch-TemzelidesPart III: Implementing Climate Agreements7. Improving Paris: Credibility, Technology, and Conservation, by Bård Harstad8. Can a Uniform Carbon-Price Commitment Help to Resolve the Global Warming Problem?, by Martin L. Weitzman9. Addressing Climate Change: Does the IMF Have a Role?, by Maurice Obstfeld10. Post-Paris Clean Energy Options for China, by Ujjayant Chakravorty, Carolyn Fischer, and Marie-Helene HubertPart IV: Finance and Sustainable Infrastructure11. Financing Sustainable Infrastructure, by Thierry Déau and Julien Touati12. Climate Change: A Policy-Making Case Study of Capital Markets’Mobilization for Public Good, by Jean Boissinot and Frédéric SamamaContributorsIndex

The Paris Agreement will only find its way into the history books if we manage to implement it. Coping with the Climate Crisis looks at precisely that topic, making the latest economic research on climate change user friendly for policy makers.