Complexity and the Economics of Climate Change: A Survey and a Look Forward

Article dans une revue: Climate change is one of the most daunting challenges human kind has ever faced. In the paper, we provide a survey of the micro and macro economics of climate change from a complexity science perspective and we discuss the challenges ahead for this line of research. We identify four areas of the literature where complex system models have already produced valuable insights: (i) coalition formation and climate negotiations, (ii) macroeconomic impacts of climate-related events, (iii) energy markets and (iv) diffusion of climate-friendly technologies. On each of these issues, accounting for heterogeneity, interactions and disequilibrium dynamics provides a complementary and novel perspective to the one of standard equilibrium models. Furthermore, it highlights the potential economic benefits of mitigation and adaptation policies and the risk of under-estimating systemic climate change-related risks.

Auteur(s)

T. Balint, F. Lamperti, Antoine Mandel, Mauro Napoletano, A. Roventini, A. Sapio

Revue
  • Ecological Economics
Date de publication
  • 2017
Pages
  • 252-265
Version
  • 1
Volume
  • 138