Climate Finance


Preventing risks of severe damage from climate change not only requires deep cuts in developed country greenhouse gas emissions, but enormous amounts of public and private investment to limit emissions while promoting green growth in developing countries. While attention has focused on emissions limitations commitments and architectures, the crucial issue of what must be done to mobilize and govern the necessary financial resources has received too little consideration. In Climate Finance, a leading group of ...

See more details below
Other sellers (Paperback)
  • All (11) from $1.99   
  • New (8) from $1.99   
  • Used (3) from $3.38   
Climate Finance: Regulatory and Funding Strategies for Climate Change and Global Development

Available on NOOK devices and apps  
  • NOOK Devices
  • Samsung Galaxy Tab 4 NOOK 7.0
  • Samsung Galaxy Tab 4 NOOK 10.1
  • NOOK HD Tablet
  • NOOK HD+ Tablet
  • NOOK eReaders
  • NOOK Color
  • NOOK Tablet
  • Tablet/Phone
  • NOOK for Windows 8 Tablet
  • NOOK for iOS
  • NOOK for Android
  • NOOK Kids for iPad
  • PC/Mac
  • NOOK for Windows 8
  • NOOK for PC
  • NOOK for Mac
  • NOOK for Web

Want a NOOK? Explore Now

NOOK Book (eBook)
$12.49 price
(Save 39%)$20.80 List Price


Preventing risks of severe damage from climate change not only requires deep cuts in developed country greenhouse gas emissions, but enormous amounts of public and private investment to limit emissions while promoting green growth in developing countries. While attention has focused on emissions limitations commitments and architectures, the crucial issue of what must be done to mobilize and govern the necessary financial resources has received too little consideration. In Climate Finance, a leading group of policy experts and scholars shows how effective mitigation of climate change will depend on a complex mix of public funds, private investment through carbon markets, and structured incentives that leave room for developing country innovations. This requires sophisticated national and global regulation of cap-and-trade and offset markets, forest and energy policy, international development funding, international trade law, and coordinated tax policy.

Thirty-six targeted policy essays present a succinct overview of the emerging field of climate finance, defining the issues, setting the stakes, and making new and comprehensive proposals for financial, regulatory, and governance mechanisms that will enrich political and policy debate for many years to come. The complex challenges of climate finance will continue to demand fresh insights and creative approaches. The ideas in this volume mark out starting points for essential institutional and policy innovations.

Read More Show Less

Editorial Reviews

From the Publisher
Climate Finance is an extraordinary book. It sheds light on issues that will be with us in the years to come. It analyzes complex subjects and explains in coherent and convincing words what needs to be done and how. The book is a genuine treasure chest I would hope that everybody who has a stake in climate issues will read it.”
-Georg Kell,Executive Director, United Nations Global Compact

Climate Finance provides a remarkably up-to-date and comprehensive analysis of strategies for financing measures to limit greenhouse gas emissions. The concise and diverse contributions will help to inform both general public debate and negotiations at Copenhagen and beyond.”
-Robert O. Keohane,author of Power and Governance in a Partially Globalized World

Read More Show Less

Product Details

  • ISBN-13: 9780814741382
  • Publisher: New York University Press
  • Publication date: 11/1/2009
  • Pages: 346
  • Product dimensions: 5.90 (w) x 8.80 (h) x 0.90 (d)

Meet the Author

Richard B. Stewart is a professor of environmental and administrative law at NYU School of Law, where he directs the Hauser Global Law School Program and the Center for Environmental and Land Use Law.

Benedict Kingsbury is a professor of international law at NYU School of Law and Director of the Institute for International Law and Justice.

Bryce Rudyk is a research fellow in international environmental law at the Center for Environmental and Land Use Law at NYU School of Law.

Read More Show Less

Table of Contents

Acknowledgments xi

Foreword: NYU Abu Dhabi and the Sustainable Environment Mari?t Westermann Philip Kennedy xiii

Summary of Key Findings and Recommendations xv

About the Contributors xvii

Part I Climate Change and Mitigation: Overview and Key Themes

1 Climate Finance for Limiting Emissions and Promoting Green Development: Mechanisms, Regulation, and Governance Richard B. Stewart Benedict Kingsbury Bryce Rudyk 3

2 Understanding the Causes and Implications of Climate Change Michael Oppenheimer 35

3 The Climate Financing Problem: Funds Needed for Global Climate Change Mitigation Vastly Exceed Funds Currently Available Bert Metz 42

4 The Future of Climate Governance: Creating a More Flexible Architecture Daniel Bodansky 48

Part II Proposals for Climate Finance: Regulatory and Market Mechanisms and Incentives

A Trading or Taxes?

5 Cap-and-Trade Is Preferable to a Carbon Tax Nathaniel O. Keohane 57

B Reforming the Clean Development Mechanism (CDM)

6 Expectations and Reality of the Clean Development Mechanism: A Climate Finance Instrument between Accusation and Aspirations Charlotte Streck 67

C Sectoral Programs for Emissions Control and Crediting

7 Why a Successful Climate Change Agreement Needs Sectoral Elements Murray Ward 79

8 Sectoral Crediting: Getting the Incentives Right for Private Investors Rub?n Kraiem 85

9 Forest and Land Use Programs Must Be Given Financial Credit in Any Climate Change Agreement Eric C. Bettelheim 90

10 Stock-and-Flow Mechanisms to Reduce Land Use, Land Use Change, and Forestry Emissions: A Proposal from Brazil Israel Klabin 96

D Leveraging Trading to Maximize Climate Benefits

11 Mitigating Climate Change at Manageable Cost: The Catalyst Proposal Bert Metz 105

12 Engaging Developing Countries by Incentivizing Early Action Annie Petsonk Dan Dudek Alexander Golub Nathaniel O. Keohane James Wang Gernot Wagner Luke Winston 111

E Linking Trading Systems

13 Carbon Market Design: Beyond the EU Emissions Trading Scheme Henry Derwent 125

F Investor Perspectives

14 Incentivizing Private Investment in Climate Change Mitigation Marcel Brinkman 135

15 Investment Opportunities and Catalysts: Analysis and Proposals from the Climate Finance Industry on Funding Climate Mitigation Nick Robins Mark Fulton 143

Part III Bringing Developed and Developing Countries Together in Climate Finance Bargains: Trust, Governance, and Mutual Conditionality

A Meeting Developing Country Climate Finance Priorities

16 Developing Country Concerns about Climate Finance Proposals: Priorities, Trust, and the Credible Donor Problem Arunabha Ghosh Ngaire Woods 157

17 Developing Countries and a Proposal for Architecture and Governance of a Reformed UNFCCC Financial Mechanism Luis Gomez-Echeverri 165

18 Climate Change and Development: A Bottom-Up Approach to Mitigation for Developing Countries? Navroz K. Dubash 172

19 Operationalizing a Bottom-Up Regime: Registering and Crediting NAMAs Rae Kwon Chung 179

B Conditionality and Its Governance

20 From Coercive Conditionality to Agreed Conditions: The Only Future for Future Climate Finance Jacob Werksman 189

21 Getting Climate-Related Conditionality Right Kevin E. Davis Sarah Dadush 197

22 Making Climate Financing Work: What Might Climate Change Experts Learn from the Experience of Development Assistance? Ngaire Woods 206

Part IV National Policies: Implications for the Future Global Climate Finance Regime

23 Climate Legislation in the United States: Potential Framework and Prospects for International Carbon Finance Nathaniel O. Keohane 213

24 The EU ETS: Experience to Date and Lessons for the Future James Chapman 221

25 Greenhouse Gas Emissions and Mitigation Measures in China Jie Yu 228

26 Cities and GHG Emissions Reductions: An Opportunity We Cannot Afford to Miss Partha Mukhopadhyay 234

27 A Prototype for Strategy Change in Oil-Exporting MENA States? The Masdar Initiative in Abu Dhabi Sam Nader 241

Part V Climate Finance and World Trade Organization (WTO) Law and Policy

28 The WTO and Climate Finance: Overview of the Key Issues Gabrielle Marceau 247

29 Carbon Trading and the CDM in WTO Law Robert Howse Antonia Eliason 254

30 Countervailing Duties and Subsidies for Climate Mitigation: What Is, What Is Not, WTO-Compatible? Robert Howse Antonia Eliason 259

31 Border Climate Adjustment as Climate Policy Alexandra Khrebtukova 266

32 Enforcing Climate Rules with Trade Measures: Five Recommendations for Trade Policy Monitoring Arunabha Ghosh 272

33 Carbon Footprint Labeling in Climate Finance: Governance and Trade Challenges of Calculating Products' Carbon Content Sandra G. Mayson 281

Part VI Taxation of Carbon Markets

34 Fiscal Considerations in Curbing Climate Change Lily Batchelder 291

35 Tax and Efficiency under Global Cap-and-Trade Mitchell A. Kane 300

36 Tax Consequences of Carbon Cap-and-Trade Schemes: Free Permits and Auctioned Permits Yoram Margalioth 305

Afterword: Reflections on a Path to Effective Climate Change Mitigation Thomas Heller 311

Abbreviations 317

Index 321

Read More Show Less

Customer Reviews

Be the first to write a review
( 0 )
Rating Distribution

5 Star


4 Star


3 Star


2 Star


1 Star


Your Rating:

Your Name: Create a Pen Name or

Barnes & Review Rules

Our reader reviews allow you to share your comments on titles you liked, or didn't, with others. By submitting an online review, you are representing to Barnes & that all information contained in your review is original and accurate in all respects, and that the submission of such content by you and the posting of such content by Barnes & does not and will not violate the rights of any third party. Please follow the rules below to help ensure that your review can be posted.

Reviews by Our Customers Under the Age of 13

We highly value and respect everyone's opinion concerning the titles we offer. However, we cannot allow persons under the age of 13 to have accounts at or to post customer reviews. Please see our Terms of Use for more details.

What to exclude from your review:

Please do not write about reviews, commentary, or information posted on the product page. If you see any errors in the information on the product page, please send us an email.

Reviews should not contain any of the following:

  • - HTML tags, profanity, obscenities, vulgarities, or comments that defame anyone
  • - Time-sensitive information such as tour dates, signings, lectures, etc.
  • - Single-word reviews. Other people will read your review to discover why you liked or didn't like the title. Be descriptive.
  • - Comments focusing on the author or that may ruin the ending for others
  • - Phone numbers, addresses, URLs
  • - Pricing and availability information or alternative ordering information
  • - Advertisements or commercial solicitation


  • - By submitting a review, you grant to Barnes & and its sublicensees the royalty-free, perpetual, irrevocable right and license to use the review in accordance with the Barnes & Terms of Use.
  • - Barnes & reserves the right not to post any review -- particularly those that do not follow the terms and conditions of these Rules. Barnes & also reserves the right to remove any review at any time without notice.
  • - See Terms of Use for other conditions and disclaimers.
Search for Products You'd Like to Recommend

Recommend other products that relate to your review. Just search for them below and share!

Create a Pen Name

Your Pen Name is your unique identity on It will appear on the reviews you write and other website activities. Your Pen Name cannot be edited, changed or deleted once submitted.

Your Pen Name can be any combination of alphanumeric characters (plus - and _), and must be at least two characters long.

Continue Anonymously

    If you find inappropriate content, please report it to Barnes & Noble
    Why is this product inappropriate?
    Comments (optional)