'The authors provide a unique insight into the short and long-term economic implications of decarbonisation, applying a rigorous and thorough approach to assessing the multidimensional facets of the transition. A 'must-read' for policymakers and the private sector whose combined mobilisation will be essential to achieve climate neutrality by 2050.' Alexandra Dimitrijevic, Managing Director, Global Head of Research, S&P Global Ratings

'The authors provide a unique insight into the short and long-term economic implications of decarbonisation, applying a rigorous and thorough approach to assessing the multidimensional facets of the transition. A 'must-read' for policymakers and the private sector whose combined mobilisation will be essential to achieve climate neutrality by 2050.' Alexandra Dimitrijevic, Managing Director, Global Head of Research, S&P Global Ratings

'Climate action carries risks. In contrast to the devastating consequences of climate change, however, they remain manageable. The Macroeconomics of Decarbonisation, authored by distinguished thought leaders, unravels intricate dynamics underpinning the shift toward climate neutrality. If you are eager to explore advanced climate economics in a clear, accessible language, this guide is an essential read.' Ottmar Edenhofer, Director and Chief Economist, Potsdam Institute for Climate Impact Research

'An important book on one of the defining challenges of our time. Getting the green transition right requires understanding the various macroeconomic implications of decarbonisation on industries, jobs and budgets, and putting in place ambitious policies to drive it forward. This book sheds light on how it can be done.' Paolo Gentiloni, Commissioner for the Economy, European Commission and Former Prime Minister of Italy

'If you ever dreamed to understand what economists think and know about climate policies without the technicalities, here is the book you absolutely need to read! It is clear, comprehensive and powerful.' Christian Gollier, Managing Director, Toulouse School of Economics

'Achieving net zero will have profound macroeconomic implications from distributional consequences and debt sustainability concerns necessitating fiscal adjustments to stranded assets impacting financial stability. These are just some of the topics covered in this excellent and comprehensive textbook. A must-read for all who want to meaningfully participate in the public debate on green transition!' Beata Javorcik, Chief Economist, European Bank for Reconstruction and Development

'The Macroeconomics of Decarbonisation is a rare, solutions-oriented look at the intersection of the clean energy transition and the systemic change that underpins it. From fostering large-scale innovation and spurring green market creation to accelerating sustainable finance, it lifts the curtain on the critical policy interventions necessary to pursue a clean, future-oriented and resilient growth model.' Ann Mettler, Vice-President Europe, Breakthrough Energy

'Covering all the macroeconomic implications of climate policy in just one book seems impossible but the authors come very close. Comprehensive and well-grounded, yet accessible to a broader audience, this book takes the reader on a journey through the various economic effects of decarbonisation. With this thorough account, the authors fill an important gap!' Sabine Mauderer, Member of the Executive Board, Deutsche Bundesbank

'Some may wonder whether there's a need another book about climate change, given the hundreds that have now been produced. The answer in this case is 'yes,' because this new work by a set of talented researchers at Bruegel, the highly-regarded Brussels think tank, and others, provides a perspective which is decidedly macroeconomic, and thus complements rather than duplicates the vast majority of the existing literature. Faculty, students, policy makers, and the broader public will find useful insights about the great challenges we face.' Robert N. Stavins , A. J. Meyer Professor of Energy and Economic Development, John F. Kennedy School of Government, Harvard University

'Meeting the objectives of the Paris Agreement will involve an unprecedented mobilisation of resources and a fundamental rewiring of our economies. Designing effective and fair policies to make this possible requires deep theoretical understanding, which this excellent book provides. It is an essential guide for policymakers and climate campaigners everywhere.' Laurence Tubiana, CEO, European Climate Foundation

'The climate transition is the first policy induced industrial revolution, impacting all segments of the economy and raising as many policy issues. The book offers a broad and accessible overview of the current state of the question in a way that is relevant to both experts and people looking for a good introduction on the macroeconomics of decarbonisation.' Pierre Wunsch, Governor of the National Bank of Belgium

Grégory Claeys is a Senior Fellow at the Brussels-based economic think tank Bruegel, where he has been working since 2014, and an Associate Professor at the Conservatoire National des Arts et Métiers in Paris where he has been teaching macroeconomics since 2015. His research interests include international macroeconomics and finance, central banking and European economic governance. Marie Le Mouel is an Affiliate Fellow at Bruegel and a Lecturer at Tilburg University, where she has been teaching economic growth since 2018. Her research interests include the macroeconomics of decarbonisation, green industrial policy, drivers of productivity growth and dispersion, and intangible assets. Simone Tagliapietra is a Senior fellow at Bruegel. He is also a Professor of Energy and Climate Policy at The Johns Hopkins University – School of Advanced International Studies (SAIS) Europe. With a record of numerous policy and scientific publications, also in leading journals such as Nature and Science, he is the author of Global Energy Fundamentals (Cambridge University Press, 2020). Guntram B. Wolff is the CEO of the German Council on Foreign Relations (DGAP) since 2022. He is a widely cited academic working on European political economy, climate, macroeconomic policy and geopolitics. From 2013-2022, he developed Bruegel into a globally leading institute and regularly testified to EU finance ministers' ECOFIN meeting. Georg Zachmann is a Senior Fellow at Bruegel. Over the past decade, he conducted extensive empirical works on identifying regional economic potentials. In the energy crisis Georg's work gained prominence in the media, providing clear assessments of Europe's supply situation. He previously worked at the German Ministry of Finance.