"In his powerful new book Carbon Shock, Mark Schapiro transcends standard discussions about the well-known culprits and ramifications of climate change and takes us on a harrowing, international exploration of the universal economic costs of carbon emissions. In his path-breaking treatise, Schapiro exposes the multinational corporate obfuscation of these costs; the folly of localized pseudo-solutions that spur Wall Street trading but don't quantify financial costs or public risks, solve core problems, or provide socially cheaper and environmentally sounder practices; and the laggard policies of the US, Russia and China relative to the EU in fashioning longer-term remedies. Not only does Schapiro compel the case for a global effort to thwart the joint economic and environmental plundering of our planet in this formidable book, but he expertly outlines the way to get there."
—Nomi Prins, author of All the Presidents' Bankers and It Takes a Pillage
How Carbon Is Changing the Cost of Everything
In Carbon Shock, veteran journalist Mark Schapiro takes readers on a journey into a world where the same chaotic forces reshaping our natural world are also transforming the economy, playing havoc with corporate calculations, shifting economic and political power, and upending our understanding of the real risks, costs, and possibilities of what lies ahead.
In this ever-changing world, carbon—the stand-in for all greenhouse gases—rules, and disrupts, and calls upon us to seek new ways to reduce it while factoring it into nearly every long-term financial plan we have. But how?
From the jungles of the Amazon to the farms in California’s Central Valley, from ‘greening’ cities like Pittsburgh to rising powerhouses like China, from the oil-splattered beaches of Spain to carbon-trading desks in London, Schapiro deftly explores the key axis points of change.
For almost two decades, global climate talks have focused on how to make polluters pay for the carbon they emit. It remains an unfolding financial mystery: What are the costs? Who will pay for them? Who do you pay? How do you pay? And what are the potential impacts? The answers to these questions, and more, are crucial to understanding, if not shaping, the coming decade.
Carbon Shock evokes a world in which the parameters of our understanding are shifting—on a scale even more monumental than how the digital revolution transformed financial decision-making—toward a slow but steady acknowledgement of the costs and consequences of climate change. It also offers a critical new perspective as global leaders gear up for the next round of climate talks in 2015.
About the Author
Journalist Mark Schapiro explores the intersection of the environment, economics, and political power, most recently as a correspondent at the Center for Investigative Reporting. His work has been published in
Harpers, The Atlantic,
Yale 360, and other publications. He has reported stories for the PBS newsmagazine
Frontline/World, NOW with Bill Moyers, and public radio's Marketplace, and is the author of Exposed: The Toxic Chemistry of Everyday Products and What's at Stake for American Power. He is also an adjunct professor at the University of California, Berkeley Graduate School of Journalism and at the Monterey Institute of International Studies.