Complexity and the Economics of Climate Change: A Survey and a Look Forward
| Autor: | Andrea Roventini, Tomas Balint, Antoine Mandel, Alessandro Sapio, Mauro Napoletano, Francesco Lamperti |
|---|---|
| Přispěvatelé: | Jet Propulsion Laboratory (JPL), California Institute of Technology (CALTECH)-NASA |
| Jazyk: | angličtina |
| Rok vydání: | 2017 |
| Předmět: |
Agent-based models
Complex systems Economics and Econometrics 020209 energy media_common.quotation_subject Disequilibrium Complex system Climate change 02 engineering and technology Climate economics Climate policy Socio-economic networks 2300 0202 electrical engineering electronic engineering information engineering Regional science Economics medicine Macro Adaptation (computer science) ComputingMilieux_MISCELLANEOUS General Environmental Science media_common Perspective (graphical) Complexity [SHS.ECO]Humanities and Social Sciences/Economics and Finance Negotiation Work (electrical) 13. Climate action medicine.symptom |
| Zdroj: | Ecological Economics Ecological Economics, Elsevier, 2017, 138, pp.252-265. ⟨10.1016/j.ecolecon.2017.03.032⟩ Ecological Economics, 138(C), 252-265 (2017-08) |
| ISSN: | 0921-8009 |
| Popis: | 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 climatefriendly 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. |
| Databáze: | OpenAIRE |
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