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A time for action on climate change and a time for change in economics

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  • Stern, Nicholas

Abstract

The case for action on climate change with urgency and at scale rests on the immense magnitude of climate risk, the very rapid emissions reductions which are necessary, and that there is a real opportunity to create a new and attractive form of growth and development. The analysis must be based on a dynamic approach to the economics of public policy, set in a complex, imperfect and uncertain world. The economics of climate change, and further, economics more broadly, must change to respond to the challenge of how to foster rapid transformation. It is time for economics and economists to step up.

Suggested Citation

  • Stern, Nicholas, 2022. "A time for action on climate change and a time for change in economics," LSE Research Online Documents on Economics 113456, London School of Economics and Political Science, LSE Library.
    • Handle: RePEc:ehl:lserod:113456
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    File URL: http://eprints.lse.ac.uk/113456/
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    References listed on IDEAS

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    Cited by:

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    3. Jordi Solé, 2023. "Climate and Energy Crises from the Perspective of the Intergovernmental Panel on Climate Change: Trade-Offs between Systemic Transition and Societal Collapse?," Sustainability, MDPI, vol. 15(3), pages 1-15, January.
    4. Josse Delfgaauw & Otto H. Swank, 2023. "The Political Economy of Commitment to Policies," Tinbergen Institute Discussion Papers 23-060/VII, Tinbergen Institute.
    5. Zhongqi Xie & Ying Zhang & Zhiqiang Fang, 2022. "High-Quality Development Evaluation and Spatial Evolution Analysis of Urban Agglomerations in the Middle Reaches of the Yangtze River," Sustainability, MDPI, vol. 14(22), pages 1-16, November.
    6. Yubin Zhao & Shuguang Liu, 2023. "Effects of Climate Change on Economic Growth: A Perspective of the Heterogeneous Climate Regions in Africa," Sustainability, MDPI, vol. 15(9), pages 1-22, April.
    7. Guimbeau, Amanda & Ji, Xinde James & Long, Zi & Menon, Nidhiya, 2023. "Ocean Salinity, Early-Life Health, and Adaptation," IZA Discussion Papers 16463, Institute of Labor Economics (IZA).
    8. Filipović, Sanja & Lior, Noam & Radovanović, Mirjana, 2022. "The green deal – just transition and sustainable development goals Nexus," Renewable and Sustainable Energy Reviews, Elsevier, vol. 168(C).
    9. Sanjit Dhami & Narges Hajimoladarvish & Pavan Mamidi, 2023. "Climate Change Risk, and Human Behavior: Theory and Evidence," CESifo Working Paper Series 10678, CESifo.
    10. Sanjit Dhami, 2023. "Green Technology Adoption, Complexity, and the Role of Public Policy: A Simple Theoretical Model," CESifo Working Paper Series 10364, CESifo.

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    More about this item

    Keywords

    climate change; economic analysis; public policy; investment; innovation; ES/R009708/1; OUP deal;
    All these keywords.

    JEL classification:

    • N0 - Economic History - - General

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