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• W4386310816 abstract "Today’s global challenges in regard to climate change demand for urgent action of the global communityGlobal community. Recent research has elucidated the economic impact of climate change on the world and found stark national differences in Gross Domestic Product (GDP) prospects under climate change around the world. Climate inequalities are proposed to be alleviated by redistribution mechanisms enacted by a taxation-and-bonds strategy. A model for economic prospects under climate change is introduced in order to determine a fair redistribution of relative short-term economic gains under global warming in order to offset for economic losses based on economic, ecological, historic and political factors. The model determining redistribution patterns throughout the world is based on the geo-impact of climate changeClimate changegeo-impact of, the financial crisis resilience capabilitiesFinancial crisisresilience capabilities as well as the global connectivityGlobal connectivity and science diplomacyScience diplomacy leadershipLeadership of a country. Empirically, nine indices provide a basis to determine which countries should be using a taxation strategy and what countries should be granted climate bond premiums in order to enact a fair relative economic gains redistribution between countries. A country’s starting ground on the climate gains and losses spectrumClimategains and losses spectrum, a country’s climate flexibility in terms of temperature zonesTemperaturezones and a country’s CO2 emissions contributions in production and consumption levels as well as a country’s CO2 emissions levels changes and historically-grown bank lending rateBank lending rate as well as resilient finance strategies coupled with science diplomacy leadership and economic connectivity on the international stage will determine whether a country will be on the taxation regime for funding mutual climate stabilization or whether a country will be on the receiving end of climate bonds solutions. The countries economically gaining from climate change and being climate flexible as well as countries with high CO2 emissions and not changing CO2 emissions levels as well as consuming goods and services from other countries but also having favorable bank lending rates and a history of resilience finance and crisis intervention expertise but also science diplomacy and trade leadership advantages could be taxed to transfer funds via climate bonds for regions of the world that are losing from global warming and are not climate flexible as well as countries with low CO2 emissions and lowering CO2 emissions levels that are producing goods and services that are consumed in other parts of the world as well as having unfavorable bank lending rates and missing resilience finance expertise as science diplomacy and trade followers. The proposed taxation-and-bonds strategy could aid a broad-based and long-term market incentivization of a transition to a clean energy economy. The discussion features the implications of the proposed strategy, implementation details and the economic impetus of redistribution mechanisms. The monitoringMonitoring, evaluationEvaluation and accountabilityAccountability control of the outlined plan are thematized in the estimation of the feasibilityFeasibility and limitationsLimitations. Future research and outlooks on the redistribution via taxation-and-bonds strategy are provided." @default.
• W4386310816 created "2023-09-01" @default.
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• W4386310816 date "2023-01-01" @default.
• W4386310816 modified "2023-09-27" @default.
• W4386310816 title "Finance Diplomacy: The Politics and International Relations of Finance" @default.
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• W4386310816 doi "https://doi.org/10.1007/978-3-031-30138-4_7" @default.
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