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Financing Climate Change: Bailing out the environment in the long-term may be just as important as bailing out financial markets now. CEPS Commentaries, 7 October 2008

Behrens, Arno. (2008) Financing Climate Change: Bailing out the environment in the long-term may be just as important as bailing out financial markets now. CEPS Commentaries, 7 October 2008. [Policy Paper]

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    Abstract

    Observing that the US Congress was able to reach agreement over support to the US banking sector within two weeks, Arno Behrens bemoans the fact that the US and other governments remain reluctant to contribute significantly to the global climate change bill. Instead of buying bad assets, however, he asserts that climate change mitigation is an investment in a global public good and in future prosperity. While cautioning against taking a hasty decision, he argues that there is a strong case to be made for increasing global resources for adaptation and mitigation with all due speed.

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    Item Type: Policy Paper
    Subjects for non-EU documents: EU policies and themes > External relations > EU-US
    EU policies and themes > Policies & related activities > budgets & financing
    EU policies and themes > Policies & related activities > environmental policy (including international arena)
    Subjects for EU documents: UNSPECIFIED
    EU Series: UNSPECIFIED
    ["eprint_fieldname_eusries" not defined]: UNSPECIFIED
    EU Annual Reports: UNSPECIFIED
    Series: Series > Centre for European Policy Studies (Brussels) > CEPS Commentaries
    Depositing User: Phil Wilkin
    Official EU Document: No
    Language: English
    Date Deposited: 12 Nov 2009
    Page Range: p. 2
    Last Modified: 15 Feb 2011 18:15
    URI: http://aei.pitt.edu/id/eprint/11574

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