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

Tomas Balint, Francesco Lamperti (), Antoine Mandel, Mauro Napoletano, Andrea Roventini and Sandro Sapio ()

LEM Papers Series from Laboratory of Economics and Management (LEM), Sant'Anna School of Advanced Studies, Pisa, Italy

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-economic networks (search for similar items in EconPapers)
Date: 2016-10-07
New Economics Papers: this item is included in nep-agr, nep-ene, nep-env, nep-hme and nep-reg
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (4)

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http://www.lem.sssup.it/WPLem/files/2016-29.pdf (application/pdf)

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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Persistent link: https://EconPapers.repec.org/RePEc:ssa:lemwps:2016/29

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