Climate change is one of the greatest challenges of this century. Mitigation requires a large-scale transition to a low-carbon economy. This paper provides an overview of the rapidly growing literature on the role of macroeconomic and financial policy tools in enabling this transition. The literature provides a menu of policy tools for mitigation. A key conclusion is that fiscal tools are first in line and central, but can and may need to be complemented by financial and monetary policy instruments. Some tools and policies raise unanswered questions about policy tool assignment and mandates, which we describe. The literature is scarce, however, on the most effective policy mix and the role of mitigation tools and goals in the overall policy framework.

This open access book analyzes and seeks to consolidate the use of robust quantitative tools and qualitative methods for the design and assessment of energy and climate policies. In particular, it examines energy and climate policy performance and associated risks, as well as public acceptance and portfolio analysis in climate policy, and presents methods for evaluating the costs and benefits of flexible policy implementation as well as new framings for business and market actors. In turn, it discusses the development of alternative policy pathways and the identification of optimal switching points, drawing on concrete examples to do so. Lastly, it discusses climate change mitigation policies’ implications for the agricultural, food, building, transportation, service and manufacturing sectors.

"The Open Access version of this book, available at https://doi.org/10.4324/9780429458781, has been made available under a Creative Commons Attribution-Non Commercial-No Derivatives 4.0 license." This book examines the uncertainties underlying various strategies for a low-carbon future. Most prominently, such strategies relate to transitions in the energy sector, on both the supply and the demand side. At the same time they interact with other sectors, such as industrial production, transport, and building, and ultimately require new behaviour patterns at household and individual levels. Currently, much research is available on the effectiveness of these strategies but, in order to successfully implement comprehensive transition pathways, it is crucial not only to understand the benefits but also the risks. Filling this gap, this volume provides an interdisciplinary, conceptual framework to assess risks and uncertainties associated with low-carbon policies and applies this consistently across 11 country cases from around the world, illustrating alternative transition pathways in various contexts. The cases are presented as narratives, drawing on stakeholder-driven research efforts. They showcase diverse empirical evidence reflecting the complex challenges to and potential negative consequences of such pathways. Together, they enable the reader to draw valuable lessons on the risks and uncertainties associated with choosing the envisaged transition pathways, as well as ways to manage the implementation of these pathways and ultimately enable sustainable and lasting social and environmental effects. This book will be of great interest to students, scholars, and practitioners of environmental and energy policy, low-carbon transitions, renewable energy technologies, climate change action, and sustainability in general.

Biojet fuels have the potential to make an important contribution towards decarbonising the aviation sector. Biojet Fuel in Aviation Applications: Production, Usage and Impact of Biofuels covers all aspects of this sustainable aviation fuel including aviation biofuel public policies, production technologies, physico-chemical properties, combustion performances, techno-economics of sustainable fuel production, sustainability and energywater-food (EWF) nexus. This must-have book also charts the current state of the industry by discussing the relevant industry players who are currently producing alternative aviation fuels and flight tests, while also providing a glimpse of the future of the industry. This comprehensive book is written for undergraduate students, postgraduate students, researchers, engineers and policy makers wanting to build up knowledge in the specific area of biojet fuel or the broader fields of sustainable energy and aeronautics. - Reviews major aviation and biojet fuel policies, legislations, initiatives and roadmaps around the world - Features existing and emerging biojet fuel production pathways from various feedstocks - Highlights the key properties of biojet fuels that ensures inter-operability with conventional jet aviation fuel - Discusses the economic aspects of the biojet fuel industry and the barriers preventing its commercialisation - Examines the sustainability of biojet fuel from a life cycle assessment, energy balance and EWF nexus point of views

The science is unequivocal: stabilizing climate change implies bringing net carbon emissions to zero. This must be done by 2100 if we are to keep climate change anywhere near the 2oC warming that world leaders have set as the maximum acceptable limit. Decarbonizing Development: Three Steps to a Zero-Carbon Future looks at what it would take to decarbonize the world economy by 2100 in a way that is compatible with countries' broader development goals. Here is what needs to be done: -Act early with an eye on the end-goal. To best achieve a given reduction in emissions in 2030 depends on whether this is the final target or a step towards zero net emissions. -Go beyond prices with a policy package that triggers changes in investment patterns, technologies and behaviors. Carbon pricing is necessary for an efficient transition toward decarbonization. It is an efficient way to raise revenue, which can be used to support poverty reduction or reduce other taxes. Policymakers need to adopt measures that trigger the required changes in investment patterns, behaviors, and technologies - and if carbon pricing is temporarily impossible, use these measures as a substitute. -Mind the political economy and smooth the transition for those who stand to be most affected. Reforms live or die based on the political economy. A climate policy package must be attractive to a majority of voters and avoid impacts that appear unfair or are concentrated on a region, sector or community. Reforms have to smooth the transition for those who stand to be affected, by protecting vulnerable people but also sometimes compensating powerful lobbies.