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

Tomas Balint (), Francesco Lamperti, Mauro Napoletano, Antoine Mandel, Andrea Roventini and Alessandro Sapio
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Tomas Balint: UP1 - Université Paris 1 Panthéon-Sorbonne
Francesco Lamperti: UP1 - Université Paris 1 Panthéon-Sorbonne
Alessandro Sapio: PARTHENOPE - Università degli Studi di Napoli “Parthenope” = University of Naples

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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) 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.

Keywords: Climate change; Climate policy; Climate economics; Complex systems; Agent-based models; Socio-economics networks (search for similar items in EconPapers)
Date: 2016-07-01
Note: View the original document on HAL open archive server: https://sciencespo.hal.science/hal-03459291v1
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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 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)
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