Graciela Chichilnisky


The Economics of Climate Change

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Natural resources are our lifeline, and increasing public concern about about the scarcity and vulnerability of clean air, water, soil, the oceans, and even a stable climate has caused and continues to cause a fundamental change to economic thinking. This two-volume collection brings together critical essays on the economics of climate change, describing advances in the field ranging from the Kyoto Protocol carbon market, to sustainability criteria, international trade, and the management of catastrophic risks. The pieces document how we are shedding veil upon veil of economic assumptions exposing dated ways of thinking that we built during the last few centuries, and now seem inadequate. This includes the very notion of economic progress, and how it is measured; the dynamics of economic growth, the notion of what constitutes the wealth of nations and the foundations of international trade among nations. It includes North–South relations between rich and poor nations, and even the foundations of market economics. It is a major change in the history of economic thought that is happening in front of our eyes.

The collection of articles in this volume make a strong case for the development of a different type of economics – sustainable economics or green economics – that places more value on the welfare of future generations, and is more sensitive to the importance of resolving long-term problems. The future of economics is elusive and unknown, as is the future of our species. Yet it appears that a radical transformation of thinking and values is required to make the transition to a new world economy where markets become important tools to implement new sustainable global values, rather than deciding values on their own. The transition to a new economics is occurring, as documented in this book. But it is slow and difficult, and one inevitably wonders what lies in our future.

Prepared by one of the leading academics in this pertinent and expanding field and including a new introductory essay to the collection, The Economics of Climate Change will certainly be an important resource for academics and policymakers alike.
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“Graciela Chichilnisky is world renowned for forging innovative solutions to twenty-first century ecological and economic crises.”

- Kristen Sheeran, Director of Economics for Equity and the Environment

“In the world of economic theory, Graciela Chichilnisky is an A-list star. “

- Washington Post

“Graciela Chichilnisky’s leadership in the global community, in producing policies to reduce the greenhouse gas emissions that cause global climate change, has been revolutionary.”

- Jay Inslee, Member of the United States House of Representatives
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Saving Kyoto

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American Geographical Society Book of the Month Award (October 2009)

American Library Association’s CHOICE Outstanding Academic Title of 2010

For the first time in recorded history, humans are altering the planet in ways that endanger its basic life-support systems. Human emissions of carbon dioxide and other greenhouse gases have changed the Earth’s atmosphere, unleashing potentially catastrophic climate changes

Saving Kyoto focuses on international efforts to confront the crisis. It provides a colorful overview of the history of global climate negotiations, explaining why international cooperation between poor and rich nations has become critical.

Detailing how the Kyoto Protocol and its global carbon market were created, the debates and conflicts leading up to its signing in 1997 and the main protagonists behind its design and implementation, the book explains the importance of the carbon market – potentially the largest commodity market in the world – from an insider’s perspective.

Saving Kyoto is essential reading for anyone wanting to understand how and why the Kyoto Protocol can resolve the climate crisis and overcome the global income divide.

Written by Graciela Chichilinsky, the world-renowned economist whose proposal of a global carbon market formed an integral part of the Kyoto Protocol, and Kristen A. Sheeran, Executive Director of Economics for Equity and the Environment, a worldwide network of economists working for environmental protection, this is a book about the most important international agreement the world has ever known – Kyoto. In clear and passionate terms, it argues that the new political and economic global structures described in the Kyoto Protocol are essential if humankind is to avert the potentially catastrophic effects of climate change.

Taking the reader behind the scenes of the often heated negotiations, in which Chichilnisky played a vital role, Saving Kyoto explains just why the agreement for international cooperation forged at Kyoto in 1997 and due to expire in 2012 matters so much. The authors demonstrate how the carbon market can protect the security of richer countries while not penalizing the development of poorer countries, helping to create wealth and foster the development of green technologies.

Kyoto’s simple idea, comprehensively explained, has the potential to halt climate change and narrow the gap between rich and poor, to the benefit of everyone on the planet.
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“In the world of economic theory, Graciela Chichilnisky is an A-list star.”

- Washington Post

“Graciela Chichilnisky’s leadership in the global community, in producing policies to reduce the greenhouse gas emissions that cause global climate change, has been revolutionary. “

- Jay Inslee, Member of the United States House of Representatives
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Economics For A Sustainable Earth Series, ENVIRONMENTAL MARKETS: EQUITY AND EFFICIENCY

Edited by Graciela Chichilnisky and Geoffrey Heal, Columbia University Press, New York, 2000.

Electronic scan of book: Environmental Markets edited by Graciela Chichilnisky and Geoffrey Heal

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Press

“The Economics of Climate Change” by Graciela Chichilnisky, Natural Hazards Observer, May 2012

“Saving Kyoto: An Insider’s Guide to how it Works, Why it Matters and what it means for the future, by Graciela Chichilnisky and Kristen A. Sheeran” Outstanding Title! Reviewed in May 2010 CHOICE

“Saving Kyoto” named # 1 Outstanding Academic Title of 2011 by Choice Magazine, January 2011

Senator Kirsten Gillibrand (D-NY), gives enthusiastic support to Chichilnisky’s book “Saving Kyoto”

“Graciela Chichilnisky on Climate Change” interview for OurBook, February 1, 2010.

“Who Needs a Carbon Market?” by Graciela Chichilnisky, Environmental Leader, January 13, 2010.

“Negative Carbon: Why is it not on the table?” by Jack Hidary, Huffington Post, December 12, 2009.

“Carbon Market Maker”, by Frances Denmark, Institutional Investor, November 20, 2009.

“SAVING KYOTO: An Insider’s Guide to the Kyoto Protocol”Earth Times, November 19, 2009.

“Graciela Chichilnisky: A Climate Deal through Compensation”, by Howard Silverman, People and Place, November 16, 2009.

“Science Weekly: Top 10 myths of ecological living”, Interview with Graciela Chichilnisky (begins at 31:50), The Gaurdian, November 16, 2009.

“Pollution taxes vs emissions trading”, by D. Murali, The Hindu, November 13, 2009.

“Chichilnisky on how to solve ‘carbon leakage’ with carbon trading”, by Kate

Mackenzie,Financial Times, November 9, 2009.

“Financial Innovations & Carbon Markets”, by Graciela Chichilnisky, UN Chronicle, No. 3&4, 2009.

“Saving Kyoto”, by Graciela Chichilnisky, China Dialog, November 05, 2009.

“Kyoto or Bust”, by Graciela Chichilnisky, The Big Issue, November 2-8, 2009.

“Nothing will happen at Copenhagen until the 11½ hour”, by Graciela Chichilnisky,Ecologist, October 27, 2009.

“Countdown to Copenhagen”, interview with Graciela Chichilnisky, BBC Radio, October 26, 2009. (appears at min 20 and min 25)

“Does Copenhagen matter?”, by Graciela Chichilnisky, James Lovelock, Bjorn Lomborg, Zac Goldsmith, et al., Prospect Magazine Issue 164, October 21, 2009.

“Foot in carbon trading door for small nations?”, by Graciela Chichilnisky, Reuters AlertNet, October 21, 2009.

“Créer un marché du carbone négatif”, by Etienne Dubuis, Le Temps, October 20, 2009.

“Negative carbon to benefit poorest nations?”, by Laurie Goering, Reuters AlertNet, October 14, 2009.

Forward Trading: A proposal to end the standoff between the U.S. and China on climate change“, by Graciela Chichilnisky, Time Magazine, Monday, October 5, 2009

‘Magic’ Markets lack credibility, by Anthony Giddens, Times Higher Education, October 1, 2009. Page 1Page 2

Book of the Month AwardGeographical, October 2009

Saving Kyoto“, Interview with Graciela Chichilnisky, New Statesman, September 28, 2009

Poor nations CO2 curbs strengthen hand in U.N. talks”, by David Fogarty and Deborah Zabarenko, Reuters, September 17, 2009.

Surviving Kyoto’s ‘do or die’ summit“, by Graciela Chichilnisky, BBC News, September 15, 2009

Press release for Saving KyotoFMcM, September 15, 2009.

Book for the week: Saving Kyoto – insider’s guide to the Protocol. Environmental Times, September 11, 2009.

“U.S. Like an ‘Addict in Denial, ‘Say Authors of ‘Saving Kyoto’”, by Mathew Carr,Bloomberg News, September 2, 2009.

“Taming Emissions”, by Chronis Polychroniou, Epsilon, Issue 956, pp, 26-37, August 9, 2009. Greek version. English Translation.

“Graciela Chichilnisky on Climate Change”, interview for OurBook, February 1, 2010.

“Who Needs a Carbon Market?” by Graciela Chichilnisky, Environmental Leader, January 13, 2010.

“Negative Carbon: Why is it not on the table?” by Jack Hidary, Huffington Post, December 12, 2009.

“Carbon Market Maker”, by Frances Denmark, Institutional Investor, November 20, 2009.

“SAVING KYOTO: An Insider’s Guide to the KyotoProtocol”Earth Times, November 19, 2009.

“Graciela Chichilnisky: A Climate Deal through Compensation”, by Howard Silverman, People and Place, November 16, 2009.

“Science Weekly: Top 10 myths of ecological living”, Interview with Graciela Chichilnisky (begins at 31:50), The Gaurdian, November 16, 2009.

“Pollution taxes vs emissions trading”, by D. Murali, The Hindu, November 13, 2009.

“Chichilnisky on how to solve ‘carbon leakage’ with carbon trading”, by Kate Mackenzie,Financial Times, November 9, 2009.

“Financial Innovations & Carbon Markets”, by Graciela Chichilnisky, UN Chronicle, No. 3&4, 2009.

“Saving Kyoto”, by Graciela Chichilnisky, China Dialog, November 05, 2009.

“Kyoto or Bust”, by Graciela Chichilnisky, The Big Issue, November 2-8, 2009.

“Nothing will happen at Copenhagen until the 11½ hour”, by Graciela Chichilnisky,Ecologist, October 27, 2009.

“Countdown to Copenhagen”, interview with Graciela Chichilnisky, BBC Radio, October 26, 2009. (appears at min 20 and min 25)

“Does Copenhagen matter?”, by Graciela Chichilnisky, James Lovelock, Bjorn Lomborg, Zac Goldsmith, et al., Prospect Magazine Issue 164, October 21, 2009.

“Foot in carbon trading door for small nations?”, by Graciela Chichilnisky, Reuters AlertNet, October 21, 2009.

“Créer un marché du carbone négatif”, by Etienne Dubuis, Le Temps, October 20, 2009.

“Negative carbon to benefit poorest nations?”, by Laurie Goering, Reuters AlertNet, October 14, 2009.

Forward Trading: A proposal to end the standoff between the U.S. and China on climate change“, by Graciela Chichilnisky, Time Magazine, Monday, October 5, 2009

‘Magic’ Markets lack credibility, by Anthony Giddens, Times Higher Education, October 1, 2009. Page 1Page 2

Book of the Month AwardGeographical, October 2009

Saving Kyoto“, Interview with Graciela Chichilnisky, New Statesman, September 28, 2009

Poor nations CO2 curbs strengthen hand in U.N. talks”, by David Fogarty and Deborah Zabarenko, Reuters, September 17, 2009.

Surviving Kyoto’s ‘do or die’ summit“, by Graciela Chichilnisky, BBC News, September 15, 2009

Press release for Saving KyotoFMcM, September 15, 2009.

Book for the week: Saving Kyoto – insider’s guide to the Protocol. Environmental Times, September 11, 2009.

“U.S. Like an ‘Addict in Denial, ‘Say Authors of ‘Saving Kyoto’”, by Mathew Carr,Bloomberg News, September 2, 2009.

“Taming Emissions”, by Chronis Polychroniou, Epsilon, Issue 956, pp, 26-37, August 9, 2009. Greek version. English Translation.