The Green Paradox: A Supply-Side Approach to Global Warming

by Sinn, Hans-Werner
Condition: New
(RRP): $40.99
Savings: $3.91 (10%)
VAT included - FREE Shipping
Sinn, Hans-Werner The Green Paradox: A Supply-Side Approach to Global Warming
Sinn, Hans-Werner - The Green Paradox: A Supply-Side Approach to Global Warming

Do you like this product? Spread the word!

$37.08 incl. VAT
Only 1 items available Only 1 items available More than 10 pieces available
Delivery: between Tuesday, July 5, 2022 and Thursday, July 7, 2022
Sales & Shipping: Dodax


A leading economist develops a supply-side approach to fighting climate change that encourages resource owners to leave more of their fossil carbon underground. The Earth is getting warmer. Yet, as Hans-Werner Sinn points out in this provocative book, the dominant policy approach—which aims to curb consumption of fossil energy—has been ineffective. Despite policy makers' efforts to promote alternative energy, impose emission controls on cars, and enforce tough energy-efficiency standards for buildings, the relentlessly rising curve of CO2 output does not show the slightest downward turn. Some proposed solutions are downright harmful: cultivating crops to make biofuels not only contributes to global warming but also uses resources that should be devoted to feeding the world's hungry. In The Green Paradox, Sinn proposes a new, more pragmatic approach based not on regulating the demand for fossil fuels but on controlling the supply. The owners of carbon resources, Sinn explains, are pre-empting future regulation by accelerating the production of fossil energy while they can. This is the "Green Paradox”: expected future reduction in carbon consumption has the effect of accelerating climate change. Sinn suggests a supply-side solution: inducing the owners of carbon resources to leave more of their wealth underground. He proposes the swift introduction of a "Super-Kyoto” system—gathering all consumer countries into a cartel by means of a worldwide, coordinated cap-and-trade system supported by the levying of source taxes on capital income—to spoil the resource owners' appetite for financial assets. Only if we can shift our focus from local demand to worldwide supply policies for reducing carbon emissions, Sinn argues, will we have a chance of staving off climate disaster.


Sinn, Hans-Werner

Further information

Illustrations Note:
36 figures, 8 tables; 44 Illustrations, unspecified
Biography Artist:
Hans-Werner Sinn is Professor of Economics and Public Finance at the University of Munich and President of the CESIfo Group. Author of Can Germany Be Saved? The Malaise of the World's First Welfare State (MIT Press) and other books, he is former president of the International Institute of Public Finance, and former chairman of the German Economic Association.
...Sinn's conscientious, gentle voice and reasonable proposals portray a humanist sincerely seeking practical solutions. Publishers Weekly

The Green Paradox is an informative, thoughtful, and interesting account of how we might fight the scourge of climate change.

Number of Pages:
Media Type:
The MIT Press

Master Data

Product Type:
Hardback book
Release date:
February 3, 2012
Package Dimensions:
0.232 x 0.16 x 0.026 m; 0.522 kg
We use cookies on our website to make our services more efficient and more user-friendly. Therefore please select "Accept cookies"! Please read our Privacy Policy for further information.