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Pushing the boundaries of climate economics: Critical issues to consider in climate policy analysis

Pushing the boundaries of climate economics: Critical issues to consider in climate policy analysis

Scrieciu, S. Şerban, Barker, Terry and Ackerman, Frank (2011) Pushing the boundaries of climate economics: Critical issues to consider in climate policy analysis. Ecological Economics, 85. pp. 155-165. ISSN 0921-8009 (doi:https://doi.org/10.1016/j.ecolecon.2011.10.016)

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Abstract

Climate policy choices are influenced by the economics literature which analyses the costs and benefits of alternative strategies for climate action. This literature, in turn, rests on a series of choices about: the values and assumptions underlying the economic analysis; the methodologies for treating dynamics, technological change, risk and uncertainty; and the assumed interactions between economic systems, society and the environment, including institutional constraints on climate policy. We identify and discuss such critical issues, pushing at the boundaries of current climate economics research. New thinking in this area is gathering pace in response to the limitations of traditional economic approaches, and their assumptions on economic behaviour, ecological properties, and socio-technical responses. We place a particular emphasis on the role of induced technological change and institutional setups in shaping cost-effective climate action that also promotes conomic development and the alleviation of poverty.

Item Type: Article
Additional Information: [1] First published online 17 November 2011. [2] Published in print: January 2013. [3] Published as: Ecological Economics Vol. 85, (2013), pp. 155–165. In Special Section: New Climate Economics.
Uncontrolled Keywords: new approaches to climate economics, multi-dimensional valuation, risk and uncertainty, climate policy and technological change, institutional barriers
Subjects: G Geography. Anthropology. Recreation > GE Environmental Sciences
Faculty / Department / Research Group: Faculty of Engineering & Science > Natural Resources Institute
Faculty of Engineering & Science > Natural Resources Institute > Livelihoods & Institutions Department
Related URLs:
Last Modified: 09 Dec 2013 10:44
Selected for GREAT 2016: None
Selected for GREAT 2017: None
Selected for GREAT 2018: None
Selected for GREAT 2019: None
URI: http://gala.gre.ac.uk/id/eprint/9296

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