This book examines the profound economic, political, and social challenges posed by climate change, on the basis of a rigorous analysis of the cost of doing too little to control it and of the costs, benefits, and trade-offs of various mitigation strategies. It uniquely explores the global economic mechanisms and power dynamics driving inaction. Packed with case studies and actionable insights, it bridges complex economic theories and links them to practical solutions, making it an important resource for policymakers, academics, and thinkers focused on solutions.

R. Albert Berry is Professor Emeritus of economics and member of the Munk School of Global Affairs at University of Toronto. He has taught at Yale University, the University of Western Ontario and the University of Toronto, as well as working at the World Bank, the Colombian Planning Commission and the Ford Foundation. His research has focussed on agriculture, labour markets and income distribution in developing countries, and more recently on the economics of climate change.