The Spirit of Green

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From a Nobel Prize-winning pioneer in environmental economics comes an innovative account of how "green thinking" could address many of the world's most pressing issues, including climate change and pandemics. Tackling these challenges necessitates new methods for managing the complex interactions that influence our environment. This involves ensuring that those responsible for carbon emissions and environmental damage bear the full costs, rather than passing them on to others, including future generations. The author presents a fresh perspective on green thinking that can help us confront major challenges without sacrificing economic growth, largely by addressing the spillover costs of economic activities. The discussion spans the history of the environmental movement to contemporary initiatives like the Green New Deal, highlighting how green thinking offers a hopeful outlook on modern life. Central to this approach is the understanding that our interconnected world is shaped by numerous interactions, rather than isolated actions. By re-evaluating concepts such as economic efficiency, sustainability, and corporate social responsibility, the author outlines how we can enhance societal effectiveness and equity. Specific solutions are proposed, including strategies for carbon pricing, promoting low-carbon technologies, designing efficient tax systems, and fostering international climate cooperation. Ultimately, this work prese