Too rapidly rising carbon taxes or the introduction of subsidies for renewable energies induce owners of fossil fuel reserves to increase their extraction rates for fear of their reserves becoming worthless. Fossil fuel use is thus brought forward. The resulting acceleration of global warming and counter-productivity of well-intended climate policy has been coined the Green Paradox. This volumeā¦
A leading economist develops a supply-side approach to fighting climate change that encourages resource owners to leave more of their fossil carbon underground.OCLC-licensed vendor bibliographic record.