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Article dans une revue Ecological Economics Année : 2017

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

Résumé

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.
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Dates et versions

halshs-01906003, version 1 (08-12-2021)

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T. Balint, F. Lamperti, Antoine Mandel, Mauro Napoletano, A. Roventini, et al.. Complexity and the Economics of Climate Change: A Survey and a Look Forward. Ecological Economics, 2017, 138, pp.252-265. ⟨10.1016/j.ecolecon.2017.03.032⟩. ⟨halshs-01906003⟩
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