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Complexity and the Economics of Climate Change: a survey and look forward

T. Balint, Francesco Lamperti (), Antoine Mandel (), A. Roventini Author-Workplace-Name : OFCE-Sciences Pp and SKEMA Businees School and A. Sapio Author-Workplace-Name : Parathenope Universtiy of Naples
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T. Balint: Université Paris I, Panthéon -Sorbonne and CNRS

Authors registered in the RePEc Author Service: Andrea Roventini

No 2016-23, Documents de Travail de l'OFCE from Observatoire Francais des Conjonctures Economiques (OFCE)

Abstract: 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) di usion 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.

Keywords: climate change; climate policy; climate economics; complex systems; agent-based models; socio-economic networks (search for similar items in EconPapers)
JEL-codes: C63 Q40 Q50 (search for similar items in EconPapers)
Date: 2016-07
New Economics Papers: this item is included in nep-ene, nep-env and nep-reg
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http://www.ofce.sciences-po.fr/pdf/dtravail/WP2016-23.pdf (application/pdf)

Related works:
Journal Article: Complexity and the Economics of Climate Change: A Survey and a Look Forward (2017) Downloads
Working Paper: Complexity and the Economics of Climate Change: A Survey and a Look Forward (2017)
Working Paper: Complexity and the Economics of Climate Change: A Survey and a Look Forward (2017) Downloads
Working Paper: Complexity and the Economics of Climate Change: a Survey and a Look Forward (2016) Downloads
Working Paper: Complexity and the Economics of Climate Change: a Survey and a Look Forward (2016) Downloads
Working Paper: Complexity and the Economics of Climate Change: a Survey and a Look Forward (2016) Downloads
Working Paper: Complexity and the Economics of Climate Change: a Survey and a Look Forward (2016) Downloads
Working Paper: Complexity and the Economics of Climate Change: a Survey and a Look Forward (2016) Downloads
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Persistent link: https://EconPapers.repec.org/RePEc:fce:doctra:1623

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