Putting the Genie Back Why Carbon Pricing Matters - Volume 2 Author:David Hone In this second book in the Putting The Genie Back series, David Hone moves from the subject of climate change itself, to the necessary political response to the issue. The tough question facing any government as it confronts the task of reducing national carbon dioxide emissions is where to start and what to do first. The most likely candidate f... more »or this and therefore to achieving the goal of limiting warming of the climate system, Hone argues, is carbon pricing. The economic reasoning behind this, like climate science, is not new and has its roots in thinking from a century ago. Yet in the halls of many 21st century parliaments the approaches being followed bear little resemblance to the elegance and simplicity of this one instrument that taps directly into and unleashes the power of the market. Carbon pricing has enormous potential to shift global energy investment and help the least developed economies muster the funds they need to build sustainable energy systems. Most importantly, carbon pricing offers the prospect of not only solving the carbon emissions problem, but doing so equitably and at lowest cost to society. So why are we shunning this policy solution in favour of indirect and often more expensive pathways? All proceeds from this book will be donated to the Center for Climate and Energy Solutions (C2ES) and 2041, two NGOs that the author has worked with directly over many years.« less