<p>Given the industrialized world's historical dependence on fossil fuel-based energy resources and the now-realized perils of moving beyond the earth's carbon budget, this book explores the myriad challenges of climate change and&nbsp;in&nbsp;reaching a low-carbon economy.&nbsp;Reconciling the medium-term competing, yet frequently complementary, needs for transition policies, the book provides guidelines for complex and often conflicting climate policy tasks.</p>

<li>The book presents empirical trends in the use of carbon-emitting resources and evaluates market-driven short-termism and its adverse impact on resource use and the environment; it&nbsp;emphasizes a medium-term macroeconomic perspective for the&nbsp;transition.&nbsp;</li> <li>The authors&nbsp;attempt&nbsp;a paradigm shift towards&nbsp;a framework of sustainable macroeconomics.&nbsp;They&nbsp;survey&nbsp;relevant historical models, conduct&nbsp;empirical and numerical analyses ofthe climate change-relevant dynamic models, provide&nbsp;empirical illustrations, and evaluate&nbsp;diverse policy options and implementations&nbsp;together with&nbsp;their historical evolution.&nbsp;</li> <li>New analytical issues are also &nbsp;considered, e.g.,&nbsp;strategic behavior in&nbsp;the&nbsp;energy and resource sectors, energy competition and&nbsp;the&nbsp;dynamics of market shares&nbsp;in&nbsp;new energy &nbsp;technology, and supporting policies&nbsp;for dealing with the tipping points&nbsp;encountered&nbsp;in climate change.&nbsp;</li> <li>The authors suggest a multitude of market-based strategies and public fiscal, monetary, and financial policies, and longer-run planning for resource extraction&nbsp;-all&nbsp;suitable&nbsp;for&nbsp;driving&nbsp;sustainable growth and&nbsp;a&nbsp;transformation of the&nbsp;energy sector.&nbsp;</li> <li>The&nbsp;book&nbsp;also&nbsp;examines&nbsp;the multiple delaying forces slowing the transition to a low-carbon economy; these typically arise from short-termism, lock-ins, irreversibility, leakages, non-cooperative games, and other political strategies.&nbsp;Thus, they explain the snail's pace evolution of current national and global climate policies.&nbsp;&nbsp;&nbsp;</li> <p>The book&nbsp;will appeal&nbsp;to scholars and students of economics and environmental&nbsp;science. It is also relevant for policymakers and practitioners in multilateral institutions, research institutions as well as&nbsp;governments and ministries of countries&nbsp;interested in alternative energy sources, climate&nbsp;economists, and&nbsp;those who study the&nbsp;implementation of sustainable and low&nbsp;carbon-based policies.&nbsp;</p><p></p>