Jump to ContentJump to Main Navigation
Sovereign Wealth Funds and Long-Term Investing$
Users without a subscription are not able to see the full content.

Joseph Stiglitz, Patrick Bolton, and Frederic Samama

Print publication date: 2011

Print ISBN-13: 9780231158633

Published to Columbia Scholarship Online: November 2015

DOI: 10.7312/columbia/9780231158633.001.0001

Show Summary Details
Page of

PRINTED FROM COLUMBIA SCHOLARSHIP ONLINE (www.columbia.universitypressscholarship.com). (c) Copyright University of Minnesota Press, 2021. All Rights Reserved. An individual user may print out a PDF of a single chapter of a monograph in CUPSO for personal use.date: 13 June 2021

The Rise of Carbon-Free Technology

The Rise of Carbon-Free Technology

The Rise of Carbon-Free Technology
Sovereign Wealth Funds and Long-Term Investing

Roger Guesnerie

Columbia University Press

Climate change is becoming a momentous threat and challenge, demanding a coordinated and massive response from governments and business. There are currently measures in place in various countries that set a price for carbon emissions following one of two methods: cap and trade or a carbon tax system. But there are numerous difficulties to be confronted when implementing measures for pricing carbon emissions, such as volatile cost of carbon emission permits for cap-and-trade systems and a lack of coordination among countries on carbon tax implementation. To make a real difference in reversing climate change, we need to not only implement measures on pricing carbon emissions but also significantly reduce dependence on fossil fuels, which can only be obtained through technological progress and the development of renewable energy. This chapter proposes the creation of a dedicated International Green Fund (IGF) governed by SWFs and other long-term investors, managed by specialists in green infrastructure investments, and assisted by renewable energy scientists and engineers. Involving all the relevant stakeholders, such a fund would not only provide funding for green investments, it would also facilitate global coordination of R&D in renewable energy technologies and provide scientific and technical expertise to governments.

Keywords:   climate change policy, environment policy, carbon emissions pricing, sovereign wealth funds, SWF, International Green Fund

Columbia Scholarship Online requires a subscription or purchase to access the full text of books within the service. Public users can however freely search the site and view the abstracts and keywords for each book and chapter.

Please, subscribe or login to access full text content.

If you think you should have access to this title, please contact your librarian.

To troubleshoot, please check our FAQs, and if you can't find the answer there, please contact us .