THE ECONOMICS OF CLIMATE

Carbon Calculus

Kenneth Gillingham

For deep greenhouse gas emission reductions, a long-term perspective on costs is essential

Fifty Shades of Green

Mark Carney

The world needs a new, sustainable financial system to stop runaway climate change

Putting a Price on Pollution

Ian Parry

Carbon-pricing strategies could hold the key to meeting the world's climate stabilization goals

Investing in Resilience

Bob Simison

Disaster-prone countries are strengthening their ability to withstand climate events

Climate Change and Financial Risk

Pierpaolo Grippa, Jochen Schmittmann, and Felix Suntheim

Central banks and financial regulators are starting to factor in climate change

Reaping What We Sow

Nicoletta Batini

Smart changes to how we farm and eat can have a huge impact on our planet

Nature's Solution to Climate Change

Ralph Chami, Thomas Cosimano, Connel Fullenkamp, and Sena Oztosun

A strategy to protect whales can limit greenhouse gases and global warming

ALSO IN THIS ISSUE

Hidden Giants

David Manley, David Mihalyi, and Patrick R. P. Heller

It's time for more transparency in the management and governance of national oil companies

Tackling Inequality

Lyndsay Walsh

How can we address inequality in the 21st century? Start with climate change

Grass Roots

Daphne Ewing-Chow, Anna Jaquiery, Denise Marín Ashlin Mathew, and David Smith

From Brazil to New Zealand, local activists show that small-scale initiatives can make a difference

A Greener Future for Finance

Afsaneh Beschloss and Mina Mashayekhi

The successes and challenges of green bonds offer lessons for sustainable finance

The SDR's Time Has Come

José Antonio Ocampo

Rethinking the Special Drawing Right could bolster the IMF's role in the global financial safety net

Editor's Letter

A New Climate Economy

"EVERYBODY TALKS ABOUT the weather, but nobody does anything about it." The quip, attributed to 19th-century American humorist Mark Twain, might describe the current state of play on climate change.

In the Trenches

Going against the Tide

Brazil's Ilan Goldfajn explains why central bankers ought to follow their convictions

Currency Notes

Ahead of His Time

Mathematician and computer science pioneer Alan Turing will appear on UK currency

Melinda Weir