Why is it so difficult to implement effective measures for climate protection and decarbonisation? Thieß Petersen discusses this question from an economic policy perspective by framing climate change as a market failure. He explains how this market failure comes about, what remedies are available and what undesirable side effects often prevent the cure. He uses a series of successful examples of decarbonisation to show that climate protection is possible. Ambitious climate protection requires that the greatest associated social hardships are cushioned by economic and social policy.
