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

T. Balint, F. Lamperti, Antoine Mandel, Mauro Napoletano, Andrea Roventini and A. Sapio
Additional contact information
T. Balint: JPL - Jet Propulsion Laboratory - NASA - CALTECH - California Institute of Technology, UP1 - Université Paris 1 Panthéon-Sorbonne
F. Lamperti: SSSUP - Scuola Universitaria Superiore Sant'Anna = Sant'Anna School of Advanced Studies [Pisa]
A. Sapio: PARTHENOPE - Università degli Studi di Napoli “Parthenope” = University of Naples

PSE-Ecole d'économie de Paris (Postprint) from HAL

Abstract: 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.

Date: 2017-08
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Citations: View citations in EconPapers (9)

Published in Ecological Economics, 2017, 138, pp.252-265. ⟨10.1016/j.ecolecon.2017.03.032⟩

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Related works:
Journal Article: 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)
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)
Working Paper: Complexity and the Economics of Climate Change: a survey and look forward (2016)
Working Paper: Complexity and the Economics of Climate Change: a Survey and a Look Forward (2016)
Working Paper: Complexity and the Economics of Climate Change: a Survey and a Look Forward (2016)
Working Paper: Complexity and the Economics of Climate Change: a Survey and a Look Forward (2016)
Working Paper: Complexity and the Economics of Climate Change: a Survey and a Look Forward (2016)
Working Paper: Complexity and the Economics of Climate Change: a Survey and a Look Forward (2016)
Working Paper: Complexity and the Economics of Climate Change: a Survey and a Look Forward (2016)
Working Paper: Complexity and the Economics of Climate Change: a Survey and a Look Forward (2016)
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Persistent link: https://EconPapers.repec.org/RePEc:hal:pseptp:halshs-01906003

DOI: 10.1016/j.ecolecon.2017.03.032

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