Greening The Global Economy

Robert Pollin

Economics

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In order to control climate change, the International Panel on Climate Change (IPCC) estimates that greenhouse gas emissions will need to fall by about forty percent by 2030. Achieving the target goals will be highly challenging. Yet in Greening the Global Economy, economist Robert Pollin shows that they are attainable through steady, large-scale investments—totaling about 1.5 percent of global GDP on an annual basis—in both energy efficiency and clean renewable energy sources. Not only that: Pollin argues that with the right investments, these efforts will expand employment and drive economic growth. Drawing on years of research, Pollin explores all aspects of the problem: how much energy will be needed in a range of industrialized and developing economies; what efficiency targets should be; and what kinds of industrial policy will maximize investment and support private and public partnerships in green growth so that a clean energy transformation can unfold without broad subsidies. All too frequently, inaction on climate change is blamed on its potential harm to the economy. Pollin shows greening the economy is not only possible but necessary: global economic growth depends on it.

Robert Pollin

Robert Pollin (born September 29, 1950) is an American economist. He is a professor of economics at the University of Massachusetts Amherst and founding co-director of its Political Economy Research Institute (PERI). He has been described as a leftist economist and is a supporter of egalitarianism. He was the economic spokesperson in Jerry Brown's 1992 campaign for President of the United States. Pollin moved to the University of Massachusetts Amherst's economic department from University of California, Riverside in 1998. According to Marxian economist Richard D. Wolff, Pollin's department is described as being "left Keynesians, but the Keynesianism is the theoretical frame. Marxism, for sure, is not" while Pollin states that he would be happy to hire Marxists but that economics departments do not produce them any longer. In 2013, Pollin, with Thomas Herndon and Michael Ash from the University of Massachusetts Amherst, published a paper which found several errors in Carmen Reinhart's and Kenneth Rogoff's widely cited 2010 paper, "Growth in a Time of Debt"