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Complexity and the economics of climate change: a survey and a look foreward

Tomas Balint, Francesco Lamperti, Antoine Mandel, Mauro Napoletano (), Andrea Roventini () and Sandro Sapio
Additional contact information
Tomas Balint: Université Paris 1 Panthéon-Sorbonne
Francesco Lamperti: Université Panthéon-Sorbonne - Paris 1 (UP1)
Sandro Sapio: Universita degli studi di Napoli "Parthenope"

Sciences Po publications from Sciences Po

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 climatefriendly 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.

New Economics Papers: this item is included in nep-agr, nep-ene, nep-env, nep-hme, nep-reg and nep-res
Date: 2017-08
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Published in Ecological Economics, 2017, pp.252-265

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http://spire.sciencespo.fr/hdl:/2441/1nlv566svi86i ... e-change-tbalint.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 (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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