Complexity and the Economics of Climate Change: A Survey and a Look Forward
T. Balint
(1, 2)
,
F. Lamperti
(3)
,
Antoine Mandel
(4, 5)
,
Mauro Napoletano
(6, 3, 7)
,
A. Roventini
(3, 6, 7)
,
A. Sapio
(8)
1
JPL -
Jet Propulsion Laboratory
2 UP1 - Université Paris 1 Panthéon-Sorbonne
3 SSSUP - Scuola Universitaria Superiore Sant'Anna [Pisa]
4 CES - Centre d'économie de la Sorbonne
5 PSE - Paris School of Economics
6 OFCE - Observatoire français des conjonctures économiques (Sciences Po)
7 SKEMA Business School
8 PARTHENOPE - Università degli Studi di Napoli “Parthenope” = University of Naples
2 UP1 - Université Paris 1 Panthéon-Sorbonne
3 SSSUP - Scuola Universitaria Superiore Sant'Anna [Pisa]
4 CES - Centre d'économie de la Sorbonne
5 PSE - Paris School of Economics
6 OFCE - Observatoire français des conjonctures économiques (Sciences Po)
7 SKEMA Business School
8 PARTHENOPE - Università degli Studi di Napoli “Parthenope” = University of Naples
Antoine Mandel
- Fonction : Auteur
- PersonId : 13007
- IdHAL : antoine-mandel
- ORCID : 0000-0001-7180-950X
- IdRef : 117013714
Mauro Napoletano
- Fonction : Auteur
- PersonId : 741152
- IdHAL : mauro-napoletano
- ORCID : 0000-0002-8128-6674
- IdRef : 167473670
A. Roventini
- Fonction : Auteur
- PersonId : 1068864
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.
Domaines
Economies et financesFormat du dépôt | Notice |
---|---|
Type de dépôt | Article dans une revue |
Titre |
en
Complexity and the Economics of Climate Change: A Survey and a Look Forward
|
Résumé |
en
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.
|
Auteur(s) |
T. Balint
1, 2
, F. Lamperti
3
, Antoine Mandel
4, 5
, Mauro Napoletano
6, 3, 7
, A. Roventini
3, 6, 7
, A. Sapio
8
1
JPL -
Jet Propulsion Laboratory
( 61129 )
- 4800 Oak Grove Drive, Pasadena, CA 91109-8099, USA
- États-Unis
2
UP1 -
Université Paris 1 Panthéon-Sorbonne
( 7550 )
- 12 place du Panthéon, 75231 Paris Cedex 05
- France
3
SSSUP -
Scuola Universitaria Superiore Sant'Anna [Pisa]
( 58000 )
- Piazza Martiri della Libertà 33 - 56127 Pisa
- Italie
4
CES -
Centre d'économie de la Sorbonne
( 15080 )
- Maison des Sciences Économiques - 106-112 Boulevard de l'Hôpital - 75647 Paris Cedex 13
- France
5
PSE -
Paris School of Economics
( 301309 )
- 48 boulevard Jourdan 75014 Paris
- France
6
OFCE -
Observatoire français des conjonctures économiques (Sciences Po)
( 250936 )
- 10 place de Catalogne - 75014 Paris
- France
7
SKEMA Business School
( 344663 )
- France
8
PARTHENOPE -
Università degli Studi di Napoli “Parthenope” = University of Naples
( 358818 )
- Via Amm. F. Acton, 38 - 80133 Napoli
- Italie
|
Langue du document |
Anglais
|
Nom de la revue |
|
Vulgarisation |
Non
|
Comité de lecture |
Oui
|
Audience |
Internationale
|
Date de publication |
2017-08
|
Volume |
138
|
Page/Identifiant |
252-265
|
Date de publication électronique |
2017-08
|
Domaine(s) |
|
DOI | 10.1016/j.ecolecon.2017.03.032 |
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