Mackintosh Stuart P. M. - Climate Crisis Economics

Timed to influence the 2021 UN climate change conference in Glasgow, Stuart Mackintosh presents a compelling case for urgent, comprehensive action to meet the challenge of our era. Dispensing acute analysis and pungent judgement this highly readable manifesto for engagement shows the path forward to a green globalization 2.0. This book is an indispensable guide for business, educators, journalists, government officials and every citizen. It is a major achievement made possible by Mackintoshs decades-long global experience in the European Union, with Mitsubishi, and as executive director of the Group of Thirty and as president of the National Association of Business Economists.

Dr. Carl Lankowski, retired director of European Area Studies, US Department of State

Dr. Mackintosh has written a long overdue book. Climate Crises Economics covers this vital subject fully in a candid and unusually complete manner. His book can be read by the expert or educated layman. One of his skills is weaving together a number of recommended solutions rather than one draconian one. An important read for those who care, a must-read for those who want to put a solution in place.

Michael O. Clark, Senior Advisor at 1919 Investment Counsel, LLC, USA

Few areas of study combine the efforts of science, economics and public policy as does climate change analysis. Stuart Mackintosh, with his background in economics and public policy, is excellently positioned to combine the threads of these three efforts into a manuscript that describes an approach to achieve the goals of public and private agents in the field of climate change. I endorse this book as a must-read for those who wish to actively pursue the goals of addressing climate change in a systematic way.

John Silvia, CEO and Founder of Dynamic Economic Strategy, USA

Climate Crisis Economics draws on economics, political economy, scientific literature, and data to gauge the extent to which our various communities political, economic, business are making the essential leap to a new narrative and policy approach that will accelerate us towards the necessary transition to a decarbonized economy and sustainable future.

The book draws out policies and practices with both national and local examples, which will demonstrate various complementary approaches that are empowering states and people as they seek to pursue the carbon neutral goal. The author delineates a climate crisis economics approach that is fit for purpose and which can help achieve necessary climate change goals in the decades ahead. Ensuring economic and ecological sustainability is neither easy nor cost-free; there is no single solution to the climate crisis. All aspects of our economies, policies, business, and personal practices must come into alignment in order to succeed. Frustratingly, we know what is needed and we have many of the technologies and systems to make the leap to a carbon neutral economy, yet we still fail to act with alacrity. Leaders, communities, and businesses must shift their narratives in how they talk about and think about the climate crisis. In doing so, in making the narrative leap to a new understanding about what is possible and necessary, we can stop endangering our common future and single, fragile, global habitat, and instead set the stage for Green Globalization 2.0 and a new, sustainable industrial revolution.

Climate Crisis Economics will appeal to academics, students, investors, and professionals from varying disciplines including politics, international political economy, and international economics. Written in an accessible voice, it draws on work in fields outside of and in addition to politics and economics to make a case for climate crisis economics as an approach to addressing the climate change challenge ahead.

Stuart P. M. Mackintosh is Executive Director of the Group of Thirty (www.g30.org), an influential international economic and financial think tank comprised of the most senior figures in central banking, finance, and academia. In 2016 he was elected by his peers as President of the National Association of Business Economics, the leading US organization of professional economists. He is also a Visiting Fellow at Newcastle University, UK. He has a deep and broad international professional network across the US and globally and he is the author of The Redesign of the Global Financial Architecture (2016; 2nd ed. 2021). www.stuartmackintoshauthor.com

Stuart P. M. Mackintosh

First published 2022

by Routledge

2 Park Square, Milton Park, Abingdon, Oxon OX14 4RN

and by Routledge

605 Third Avenue, New York, NY 10158

Routledge is an imprint of the Taylor & Francis Group, an informa business

2022 Stuart P. M. Mackintosh

The right of Stuart P. M. Mackintosh to be identified as author of this work has been asserted by him in accordance with sections 77 and 78 of the Copyright, Designs and Patents Act 1988.

All rights reserved. No part of this book may be reprinted or reproduced or utilised in any form or by any electronic, mechanical, or other means, now known or hereafter invented, including photocopying and recording, or in any information storage or retrieval system, without permission in writing from the publishers.

Cover image and design by Geoffrey Laurence. See http://geoffreylaurence.com/

Trademark notice: Product or corporate names may be trademarks or registered trademarks, and are used only for identification and explanation without intent to infringe.

British Library Cataloguing-in-Publication Data

A catalogue record for this book is available from the British Library

Library of Congress Cataloging-in-Publication Data

Names: Mackintosh, Stuart P. M., author.
Title: Climate crisis economics/Stuart P.M. Mackintosh.
Description: Milton Park, Abingdon, Oxon; New York, NY: Routledge, 2022. |
Includes bibliographical references and index.
Identifiers: LCCN 2021013974 (print) | LCCN 2021013975 (ebook) |
ISBN 9780367478704 (hardback) | ISBN 9780367478698 (paperback) |
ISBN 9781003037088 (ebook)
Subjects: LCSH: Climatic changesEconomic aspects. |
Climatic changesPolitical aspects.
Classification: LCC QC903 .M32 2022 (print) |
LCC QC903 (ebook) | DDC 363.738/74561dc23
LC record available at https://lccn.loc.gov/2021013974
LC ebook record available at https://lccn.loc.gov/2021013975

ISBN: 978-0-367-47870-4 (hbk)

ISBN: 978-0-367-47869-8 (pbk)

ISBN: 978-1-003-03708-8 (ebk)

DOI: 10.4324/9781003037088

Typeset in Bembo

by Newgen Publishing UK

For Una, John, and Bernard

I would like to thank all those who have supported me during my research for this book. My particular thanks to Don Swenholt, for keeping me on track and on time. Thanks also to Michael Clark, Carl Lankowski, John Silvia, and Brian Sturgess for their reaction to the proposal at the outset. Thanks also is due to Geoffrey Laurence, who conceived of, sketched, and designed the cover of the book.

I must also thank my wife, Jean, for allowing me the space to complete this endeavour and for her tolerance of far too many discussions of the subject, the process, and the difficulties it presented.