Climate change policy and the transition to a low-carbon economy

Part of book or chapter of book English OPEN
Watson, Jim (2012)
  • Publisher: Institute for Public Policy Research
  • Subject: H1

Energy is of fundamental importance for modern industrialised economies. Access to affordable energy is vital for the services we enjoy – from keeping warm to cooking our food, the ability to travel to providing entertainment. In recent years, policy concerns about the availability, security and affordability of energy have once again risen up the agenda. Energy prices have risen dramatically, and the UK has returned to the club of net energy importers after twenty years in which production exceeded consumption. \ud \ud Since the early 2000s, climate change has been at the heart of energy policy debates. Unlike some industrialised countries (notably Australia and the United States), the UK’s energy and climate change policies have been underpinned by a strong degree of cross-party consensus, with all the main political parties in agreement that something must be done to reduce greenhouse gas emissions. This consensus has been reinforced by the increasing strength of climate science and evidence to suggest that action on emissions is in the UK’s economic interest (Stern 2006). Armed with a comprehensive case for emissions cuts, the UK’s political parties have often competed with each other to propose tougher policies and laws. For this reason, the UK has some of the most ambitious targets for emissions reduction in the world, with legal backing through the Climate Change Act 2009.
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    1. Amna Silim

    What is new economic thinking?.........................................................18 4. Greg Fisher

    Managing complexity in financial markets ............................................50 5. Geoffrey M Hodgson

    Business reform: towards an evolutionary policy framework ................62 6. Tony Dolphin

    Macroeconomic policy in a complex world ..........................................70 7. Stian Westlake

    Innovation and the new economics: some lessons for policy ...............82 9. Pauline Anderson and Chris Warhurst

    Lost in translation? Skills policy and the shift to skill ecosystems .......109 11. Eric Beinhocker

    New economics, policy and politics ..................................................134 12. Orit Gal

    Understanding global ruptures: a complexity perspective on the emerging 'middle crisis' ....................................................................147 13. Adam Lent and Greg Fisher

    A complex approach to economic policy...........................................161 4 See also the recent article by Joseph Stiglitz, 'From Tunisia to Wall Street: the globalization of protest', Daily Star, 10 November 2011.

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