The release of the book “The Economics of Climate Change: Policies, Challenges, and Global Solutions” by Rohit Kashinath Pithale arrives at a time when the world stands at a crucial crossroads in addressing the far-reaching implications of climate change. This meticulously researched work provides a holistic and policy-driven economic perspective on the climate crisis, offering vital insights for students, researchers, policymakers, and industry leaders seeking to understand and act upon one of the most pressing challenges of our time.
This comprehensive book spans twelve carefully structured units that guide the reader through the multifaceted connections between climate science and economic systems. Starting with foundational concepts such as climate change as an economic externality and the staggering costs of inaction, the book builds a strong base for understanding how economic principles can be applied to combat global warming and its associated disruptions.
Pithale thoughtfully examines a range of policy tools including carbon pricing, subsidies for renewable energy, and strategies for promoting energy efficiency. These concepts are contextualized with global case studies from countries like Germany, Japan, and Sweden—nations that have pioneered innovative approaches in climate governance and sustainability. A critical dimension of the book is its focus on resource development, sustainability, and resilience. Issues like deforestation, water stress, and the transition to a circular economy are addressed through both empirical research and theoretical insights, emphasizing the urgency of rethinking resource use in an era of environmental uncertainty.
In addition to macroeconomic frameworks, the book explores sector-specific effects of climate change, covering industries such as transportation, finance, tourism, and food systems. By highlighting how different sectors are adapting to environmental and regulatory pressures, Pithale presents a roadmap for cross-industry collaboration and green transformation. Notably, the book offers an in-depth analysis of international climate agreements, such as the Paris Agreement, and evaluates their implementation, especially in the context of developing nations that face distinct challenges in climate adaptation and mitigation.
Looking toward the future, the book embraces emerging trends like green jobs, digital technology, and AI in climate monitoring and response. It presents innovative solutions such as geoengineering, blockchain in carbon markets, and the incorporation of indigenous knowledge systems, showcasing the diverse and interdisciplinary nature of climate action.
The book also addresses urbanization, health, and global trade, exploring the implications of sustainable city planning, climate-resilient supply chains, and food security. By weaving together economic theory and real-world applications, the book fosters a deep understanding of how policy and innovation can align to forge a sustainable, inclusive future.
Author Rohit Kashinath Pithale brings both academic rigor and practical insight to this important work. An Assistant Professor of Economics at Kishinchand Chellaram College in Mumbai, affiliated with HSNC University, Pithale has consistently engaged in meaningful research that explores economic inequality, labor issues, and agricultural economics. His recent publications on income disparity and farmers’ pricing power highlight his commitment to exploring solutions for India’s socio-economic challenges.
Pithale has also played an active role in academic discourse through lectures and workshops, including his contribution to ethical awareness in academic institutions. With prior experience at SNDT Women’s University, his teaching and research reflect a passion for developing economic thought in ways that resonate with real-world policy and sustainability goals.
“The Economics of Climate Change: Policies, Challenges, and Global Solutions” is not just a book—it is a timely and vital resource that bridges the gap between climate science and economic policy. It offers readers a clear-eyed view of the challenges ahead while equipping them with the tools and knowledge to be part of the solution.
