Planetary Economics


Energy, Climate Change and the Three Domains of Sustainable Development

A book by Michael Grubb, with Jean-Charles Hourcade
and Karsten Neuhoff

Michael Grubb is Professor of International Energy and Climate Change Policy, University College London, Institute of Sustainable Resources. Formerly Chair of Energy and Climate Policy at Cambridge Centre for Mitigation Research, visiting Professor at Imperial College London. He is also Senior Advisor, UK Office of Gas and Electricity Markets (Ofgem).

Jean-Charles Hourcade is Research Director at the Centre National de la Recherche Scientifique and at the École des Hautes Études en Sciences Sociales, France. He is Professor at the École Nationale des Ponts et Chaussées and was formerly Director of the Centre International de Recherche sur l’Environnement et le Développement. He has advised the UNDP, UNEP, OECD, IEA and World Bank several time.

Karsten Neuhoff is Head of Climate Policy at the German economics research institute Deutsches Institut für Wirtschaftsforschung (DIW) and is Professor at the School of Economics and Management at the Technical University of Berlin, Germany.

Michael Grubb is a Board Member and former Chair of Climate Strategies, Karsten Neuhoff is also Board Member, and Jean-Charles Hourcade was one of the founding Members of Climate Strategies.

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‘Comprehensive, interesting and profoundly important – a genuinely original view of how we might overcome some of the most fundamental problems facing effective climate change policy around the world today’.

-Lord Anthony Giddens, Fellow of Kings College, Cambridge and
former Director of the London School of Economics.

‘A seminal book that challenges conventional wisdom about growth, innovation and climate policy. After reading it you understand why the tools that mainstream economics has provided policymakers have been unequal to the task. In filling out the picture, Planetary Economics contains a crucial practical message: the fact that energy is at the core of the economic machine is both the challenge and the opportunity, and three pillars of policy together are needed to steer it in safer directions.’

-Laurence Tubiana, Ambassador and Special Envoy for Climate Change and COP21 Presidency, Government of France

‘Something interesting on every page’

– Professor Scott Barrett, University of Columbia New York

‘This important book sets out a clear and comprehensive theory of how transition can be achieved and a convincing and well evidenced argument that it will be, if only we apply the policy tools and approaches available’

-Lord Adair Turner, former Director-General of CBI and Vice-Chairman of Merrill Lynch Europe; Chair of UK Financial Services Authority and UK Climate Change Committee, 2008-12

‘The book is compulsory reading for policymakers and academics for understanding the broader challenges of environmental change. What makes the book such an outstanding contribution is the way it brings together the fields of energy, environment, innovation, behavioural economics and macroeconomics. Its key policy message is a timely call for policymakers to act decisively, so that our societies can have the confidence to invest and innovate in solving the great environmental challenges of our time.’

-Prof. Marcel Fratzscher, President, Institute for Economic Research (DIW Berlin)

‘Combines extraordinary breadth with depth, all written with exceptional clarity. In explaining why energy and climate change take us beyond the traditional boundaries of economics, it is a landmark study which should expand the horizons of economics itself – as well as mapping out how, in doing so, we can solve some of the most pressing problems of our time’

-Catherine Mitchell, Professor of Energy Policy, University of Exeter, UK

‘The defining features of climate change — long-time horizons, global reach, and uncertain but possibly catastrophic impacts – have stymied policymakers and strained many of the standard tools of economics. In Planetary Economics, Grubb and colleagues document and then tackle these characteristics head on. This is an important read for anyone looking for a sensible and comprehensive way forward.’

– Billy Pizer, Associate Professor of Public Policy at Duke University and former Deputy Assistant Secretary for Environment and Energy, US Treasury

– The book we have all been waiting for for years … with ideas that could foster greater unity amongst scientists and economists

– Simon Shackley, lecturer in Carbon Policy, School of GeoSciences, University of Edinburgh

‘A book of extraordinary scope and ambition that will challenge readers to think more clearly and carefully about some of the biggest issues this planet and its people face. Anyone who works in this area will be provoked to think more wisely as a result of reading this book.”

– Michael Levi, Senior Fellow for Energy and the Environment,
US Council on Foreign Relations

‘Michael Grubb has been a pioneer and innovative thinker in the field of climate change This book is a rich compilation of research based insights and analysis which would be a valuable resource for academics, government officials and the public at large in understanding the current status of and future prospects for action in the field of climate change.’

– Rajendra Pachauri,
Chair of Intergovernmental Panel on Climate Change