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On the Edge of Climate Change: In a Search of an Adequate Agent-Based Methodology to Model Environmental Dynamics

In: Climate Change and Global Development

Author

Listed:
  • Mariya Gubareva

    (ISCAL—Lisbon Accounting and Business School, Instituto Politécnico de Lisboa
    ISEG—Lisbon School of Economics and Management, Universidade de Lisboa
    SOCIUS—Research Centre in Economic and Organizational Sociology, CSG—Research in Social Sciences and Management)

  • Orlando Gomes

    (ISCAL—Lisbon Accounting and Business School, Instituto Politécnico de Lisboa
    Business Research Unit (BRU/IUL))

Abstract

Climate change is one of the most challenging and threatening uncertainties of our days, impacting mankind with a continuously growing intensity. In our chapter, we rise an alert flag and provide evidence of the nonexistence of a dominant or consensual approach to correctly account for the interconnectedness between the decision-making process by economic agents and the environmental damages that affect them. Our survey analyzes a series of distinct contemporary contributions on the subject, trying to create awareness on the state of art in the agent-based modeling applied to climate change. We analyze the macroeconomics of the environment from an agent-based perspective, outline directions for future developments, and identify several domains that lack more intensive attention from the academic community. We conclude that public policies aimed at preventing climate catastrophes must take into account patterns of sentiment spreading, allowing for the potential economic benefits of mitigation of environmental change-related impacts.

Suggested Citation

  • Mariya Gubareva & Orlando Gomes, 2019. "On the Edge of Climate Change: In a Search of an Adequate Agent-Based Methodology to Model Environmental Dynamics," Contributions to Economics, in: Tiago Sequeira & Liliana Reis (ed.), Climate Change and Global Development, pages 37-57, Springer.
    • Handle: RePEc:spr:conchp:978-3-030-02662-2_3
    DOI: 10.1007/978-3-030-02662-2_3
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