Greenhouse gas policies confront the trade-off between the costs of reducing emissions and the benefits of avoided climate change. The risk of uncertain and potentially irreversible catastrophes is an important issue related to the latter, and one that has not yet been well incorporated into...

This is not your average textbook. It is not a compilation of dry facts and drier theories. I started looking into environmental finance issues about 25 years ago. In many cases, I was appalled at what I saw. This book is a reflection of those experiences. I come from Wall Street. I have seen...