On the Edge of Climate Change: In a Search of an Adequate Agent-Based Methodology to Model Environmental Dynamics

Mariya Gubareva () and Orlando Gomes
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Mariya Gubareva: ISCAL—Lisbon Accounting and Business School, Instituto Politécnico de Lisboa

A chapter in Climate Change and Global Development, 2019, pp 37-57 from Springer

Abstract: Abstract Climate change is one of the most challenging and threatening uncertainties of our days, impacting mankind with a continuously growing intensity. In our chapter, we rise an alert flag and provide evidence of the nonexistence of a dominant or consensual approach to correctly account for the interconnectedness between the decision-making process by economic agents and the environmental damages that affect them. Our survey analyzes a series of distinct contemporary contributions on the subject, trying to create awareness on the state of art in the agent-based modeling applied to climate change. We analyze the macroeconomics of the environment from an agent-based perspective, outline directions for future developments, and identify several domains that lack more intensive attention from the academic community. We conclude that public policies aimed at preventing climate catastrophes must take into account patterns of sentiment spreading, allowing for the potential economic benefits of mitigation of environmental change-related impacts.

Keywords: Agent-based model; Climate change; Economic development; Economic growth; Integrated economy-climate modeling (search for similar items in EconPapers)
Date: 2019
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Persistent link: https://EconPapers.repec.org/RePEc:spr:conchp:978-3-030-02662-2_3

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DOI: 10.1007/978-3-030-02662-2_3

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