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Economists and the climate

Thomas Sterner, Jens Ewald and Erik Sterner

Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), 2024, vol. 109, issue C

Abstract: To date, environmental economists have been very engaged with questions surrounding climate change while interest from mainstream economics has been moderate. Economists have been quite unanimous in their recommendation to focus climate policy on pricing carbon. This is an important point, often under-appreciated by other disciplines. Still, the message may have been oversimplified and exaggerated. In global policy, carbon pricing has not reached its full potential. The climate problem is complex and interrelated with several other problems. The existence of multiple market failures and serious problems of policy acceptance complicate policy design. Many other, more sophisticated economic messages have also been drowned out. We discuss the role of economists as researchers as well as teachers and communicators to policy makers, ultimately encouraging economists to deepen their engagement in solutions to climate change.

Keywords: Environmental economics; Climate change; Acceptability; Carbon pricing; Environmental policy; Economists (search for similar items in EconPapers)
Date: 2024
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Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:soceco:v:109:y:2024:i:c:s2214804323001842

DOI: 10.1016/j.socec.2023.102158

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Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics) is currently edited by Pablo Brañas Garza

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