Following high-profile United Nations climate summits in Glasgow and Paris, sub-national regions and cities are increasingly seeking to set climate targets and policies in line with the Paris Agreement's goals. Downscaled carbon budgets are a useful framework for setting local mitigation targets...

Foreword -- Part I Theoretical Framework of Climate Change Economics -- Chapter 1. Complexity of Climate Change as a Subject in Economics -- Chapter 2. A Critique of Conventional Economic Approaches to Climate Change -- Chapter 3. Climate as a Factor of Productivity -- Chapter 4. A Welfare...

Countries around the world require ambitious and effective policy instruments to mitigate climate change. Yet, many governments have struggled to pass efficient, economy-wide carbon prices. Instead, climate reforms often comprise hybrid policy instruments that bundle pricing, regulatory, and...