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

Tomas Balint (), Francesco Lamperti (), Antoine Mandel, Mauro Napoletano, Andrea Roventini and Alessandro Sapio ()
Additional contact information
Tomas Balint: Centre d'Economie de la Sorbonne, https://centredeconomiesorbonne.univ-paris1.fr
Alessandro Sapio: University Parthenope of Naples

Documents de travail du Centre d'Economie de la Sorbonne from Université Panthéon-Sorbonne (Paris 1), Centre d'Economie de la Sorbonne

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)
JEL-codes: C63 Q40 Q50 Q54 (search for similar items in EconPapers)
Pages: 37 pages
Date: 2016-07
New Economics Papers: this item is included in nep-agr, nep-ene, nep-env, nep-hme, nep-reg and nep-tid
References: Add references at CitEc
Citations: View citations in EconPapers (3)

Downloads: (external link)
ftp://mse.univ-paris1.fr/pub/mse/CES2016/16058.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)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:mse:cesdoc:16058

Access Statistics for this paper

More papers in Documents de travail du Centre d'Economie de la Sorbonne from Université Panthéon-Sorbonne (Paris 1), Centre d'Economie de la Sorbonne Contact information at EDIRC.
Bibliographic data for series maintained by Lucie Label ().