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Climate change, complexity, and policy design
KTH, School of Industrial Engineering and Management (ITM), Industrial Economics and Management (Dept.), Sustainability, Industrial Dynamics & Entrepreneurship. Stockholm Swedish Entrepreneurship Forum, Stockholm, Sweden; Blekinge Institute of Technology, Department of Industrial Economics, Karlskrona, Sweden.ORCID iD: 0000-0003-0218-7924
Smith School of Enterprise and the Environment and New College, University of Oxford, UK.
2023 (English)In: Oxford review of economic policy, ISSN 0266-903X, E-ISSN 1460-2121, Vol. 39, no 4, p. 667-679Article in journal (Refereed) Published
Abstract [en]

The challenges of combatting climate change are unprecedented and now very urgent. Current approaches are not working fast enough. This paper, and this journal issue, conceive of the challenge as one of non-marginal structural and institutional change. Several different conceptual frameworks and pluralist theories are considered, emanating from complexity theory, economics, natural sciences, political economy, and strategy. These are deployed to identify potential accelerators, including synergies between climate action and other key political issues, and beneficial non-linear dynamics such as shifts in consumer preferences and technology learning curves. The delays in action also mean that removing carbon dioxide from the atmosphere is now necessary, and even unconventional geoengineering approaches may need to be considered. A pluralist and practical approach to climate action, accounting for different institutional and social contexts across countries, is argued to be required to accelerate action.

Place, publisher, year, edition, pages
Oxford University Press (OUP) , 2023. Vol. 39, no 4, p. 667-679
Keywords [en]
climate policy, multi-faceted measures, prices, trajectory, urgency
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Other Social Sciences not elsewhere specified
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URN: urn:nbn:se:kth:diva-341438DOI: 10.1093/oxrep/grad047ISI: 001107708100006Scopus ID: 2-s2.0-85178591858OAI: oai:DiVA.org:kth-341438DiVA, id: diva2:1826827
Note

QC 20240112

Available from: 2024-01-12 Created: 2024-01-12 Last updated: 2025-05-05Bibliographically approved

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