Skip to content
Register Sign in Wishlist

Economics and the Challenge of Global Warming

$41.99 (P)

  • Date Published: September 2011
  • availability: In stock
  • format: Paperback
  • isbn: 9781107649071

$ 41.99 (P)

Add to cart Add to wishlist

Other available formats:
Hardback, eBook

Looking for an examination copy?

If you are interested in the title for your course we can consider offering an examination copy. To register your interest please contact providing details of the course you are teaching.

Product filter button
About the Authors
  • Economics and the Challenge of Global Warming is a balanced, rigorous, and comprehensive analysis of the role of economics in confronting global warming, the central environmental issue of the twenty-first century. It avoids a technical exposition in order to reach a wide audience and is up to date in its theoretical and empirical underpinnings. It is addressed to all who have some knowledge of economic concepts and a serious interest in how economics can (and cannot) help in crafting climate policy. The book is organized around three central questions. First, can benefit-cost analysis guide us in setting warming targets? Second, what strategies and policies are cost-effective? Third, and most difficult, can a global agreement be forged between rich and poor, North and South? While economic concepts are foremost in the analysis, they are placed within an accessible ethical and political matrix. The book serves as a primer for the post-Kyoto era.

    • Full consideration of the international and intergenerational ethical and distributional aspects of climate change
    • Explores the social rate of time discounting for environmental issues, the Green Paradox and obstacles to the supply of global public goods
    • Draws conclusions and expresses views but avoids unsupported advocacy and polemics
    Read more

    Reviews & endorsements

    “The economics of climate change is as complex as it is vital. To understand it, you can read dozens of journal articles and try to make sense of it on your own – or you can read Charles Pearson’s brilliant synthesis and interpretation. I strongly recommend that you start with this wonderful new book.” – Scott Barrett, Columbia University

    “Charles Pearson’s work always sheds light, rather than heat, on complex policy questions. This book is no exception. With his clear and winsome nontechnical approach, Pearson unravels the latest economic research on climate change. Within the context of scientific research and political feasibility, he shows how economics contributes to the development of effective, efficient, and internationally equitable responses to this difficult environmental problem.” – Judith M. Dean, Brandeis University

    “Pearson's book gives a thorough treatment of all central topics related to climate policy. It is up-to-date with references to recent research and it is written in a style that is also accessible to non-economists.” – Michael Hoel, University of Oslo

    “Climate change is arguably the biggest economic and political challenge of the 21st century. This book provides an excellent survey of the economic literature on global warming with a special emphasis on the contributions of cost-benefit analysis. The author also shows the reasons why political efforts to mitigate global warming have had little success so far. This stimulating, well-written book on a topical issue, by a recognized expert in the field, should attract a wide readership beyond the narrow group of economic specialists.” – Werner E. Neudeck, Vienna School of International Studies

    “Just as rapid internationalization of the world’s economies made closed-economy approaches to macroeconomic policy obsolete, the economics of climate change are transforming the way we think about applied microeconomic policy. Economics and the Challenge of Global Warming offers an insightful, articulate, rigorous, and comprehensive review of the topic, written in an intuitive and easy-to-follow manner by a crack professor with extensive experience. I would highly recommend it.” – Michael G. Plummer, Organization of Economic Cooperation and Development , Paris

    “Charles Pearson is a widely respected and senior figure in the international relations field and he has produced an authoritative and up-to-date volume of great relevance to debate on one of today’s leading global issues: climate change. He focuses on the role of economics, including cost-benefit analysis and the cost effectiveness of different strategies and policies. His book will be welcomed and widely read.” – John Whalley, University of Western Ontario

    See more reviews

    Customer reviews

    Not yet reviewed

    Be the first to review

    Review was not posted due to profanity


    , create a review

    (If you're not , sign out)

    Please enter the right captcha value
    Please enter a star rating.
    Your review must be a minimum of 12 words.

    How do you rate this item?


    Product details

    • Date Published: September 2011
    • format: Paperback
    • isbn: 9781107649071
    • length: 244 pages
    • dimensions: 228 x 150 x 14 mm
    • weight: 0.34kg
    • availability: In stock
  • Table of Contents

    Introduction and a roadmap
    1. Climate change: background information
    2. The role of cost benefit in climate policy
    3. Discounting and social weighting (aggregating over time and space)
    4. Empirical results: a tasting menu
    5. Strategic responses
    6. Targets and tools
    7. Trade and global warming
    8. The challenge of international cooperation
    9. Beyond Kyoto
    10. A summing up.

  • Instructors have used or reviewed this title for the following courses

    • Econ of global warming
    • Enviromental econ
    • Environmental & Natural Resource Economics
    • Environmental Economics and Policy Development
    • Modelling in Climate Change Science and Public Policy
    • Public Policy Problems
    • Science & Economics of Climate Change
  • Author

    Charles S. Pearson, Diplomatic Academy of Vienna
    Charles S. Pearson is Senior Adjunct Professor of International Economics and Environment at the Diplomatic Academy of Vienna and Professor Emeritus at the School of Advanced International Studies (SAIS), The Johns Hopkins University, Washington, DC. During his tenure at SAIS he directed the International Economics Program for 17 years and taught at all three campuses in Washington, Bologna and Nanjing. His teaching and research reflect a deep interest in international environmental economics. He pioneered seminars on trade and environment, the role of multinational corporations and environmental cost-benefit analysis. His books reflect these interests, with research on global warming published as early as 1978. They include Environment: North and South; International Marine Environment Policy; and Economics and the Global Environment (Cambridge University Press, 2000). He has been Adjunct Senior Associate at the World Resources Institute and the East West Center and consultant to the US government, international organizations and industrial, financial and legal organizations in the private sector. He received his Ph.D. in economics from Cornell University.

Sorry, this resource is locked

Please register or sign in to request access. If you are having problems accessing these resources please email

Register Sign in
Please note that this file is password protected. You will be asked to input your password on the next screen.

» Proceed

You are now leaving the Cambridge University Press website. Your eBook purchase and download will be completed by our partner Please see the permission section of the catalogue page for details of the print & copy limits on our eBooks.

Continue ×

Continue ×

Continue ×
warning icon

Turn stock notifications on?

You must be signed in to your Cambridge account to turn product stock notifications on or off.

Sign in Create a Cambridge account arrow icon

Find content that relates to you

Join us online

This site uses cookies to improve your experience. Read more Close

Are you sure you want to delete your account?

This cannot be undone.


Thank you for your feedback which will help us improve our service.

If you requested a response, we will make sure to get back to you shortly.

Please fill in the required fields in your feedback submission.