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Public economics as if time matters: Climate change and the dynamics of policy

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  • Stern, Nicholas

Abstract

Tony Atkinson played a crucial role in shaping modern public economics, but throughout his life challenged whether we were making the right assumptions and were building models which captured the essence of the issues under examination. This paper examines questions discussed with Tony concerning public policy to foster change where the pace and nature of change are critical to any serious policy assessment. The primary example is climate change.

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  • Stern, Nicholas, 2018. "Public economics as if time matters: Climate change and the dynamics of policy," Journal of Public Economics, Elsevier, vol. 162(C), pages 4-17.
    • Handle: RePEc:eee:pubeco:v:162:y:2018:i:c:p:4-17
    DOI: 10.1016/j.jpubeco.2018.03.006
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    Cited by:

    1. Nowakowski, Adam & Oswald. Andrew J, 2020. "Do Europeans Care about Climate Change? An Illustration of the Importance of Data on Human Feelings," The Warwick Economics Research Paper Series (TWERPS) 1303, University of Warwick, Department of Economics.
    2. Frank W. Geels & Jonatan Pinkse & Dimitri Zenghelis, 2021. "Productivity opportunities and risks in a transformative,low-carbon and digital age," Working Papers 009, The Productivity Institute.
    3. Stern, Nicholas, 2021. "A time for action on climate change and a time for change in economics," LSE Research Online Documents on Economics 112808, London School of Economics and Political Science, LSE Library.
    4. Dmitry A. Ruban & Natalia N. Yashalova, 2022. "Pro-environmental behavior prescribed by top companies of the world," Environment, Development and Sustainability: A Multidisciplinary Approach to the Theory and Practice of Sustainable Development, Springer, vol. 24(6), pages 7918-7935, June.
    5. Michael Grubb & Rutger-Jan Lange & Nicolas Cerkez & Pablo Salas & Ida Sognnaes, 2020. "Interactions of time and technology as critical determinants of optimal climate change policy," Tinbergen Institute Discussion Papers 20-083/VI, Tinbergen Institute, revised 29 Dec 2022.
    6. Nicholas Stern, 2022. "A Time for Action on Climate Change and a Time for Change in Economics," The Economic Journal, Royal Economic Society, vol. 132(644), pages 1259-1289.
    7. Stern, Nicholas & Sivropoulos-Valero, Anna Valero, 2021. "Innovation, growth and the transition to net-zero emissions," LSE Research Online Documents on Economics 114385, London School of Economics and Political Science, LSE Library.
    8. 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.
    9. Stern, Nicholas, 2021. "A time for action on climate change and a time for change in economics," LSE Research Online Documents on Economics 112802, London School of Economics and Political Science, LSE Library.
    10. Nagy, Roel L.G. & Hagspiel, Verena & Kort, Peter M., 2021. "Green capacity investment under subsidy withdrawal risk," Energy Economics, Elsevier, vol. 98(C).
    11. Nagy, Roel L.G. & Fleten, Stein-Erik & Sendstad, Lars H., 2023. "Don’t stop me now: Incremental capacity growth under subsidy termination risk," Energy Policy, Elsevier, vol. 172(C).
    12. Nicholas Stern & Anna Valero, 2021. "Innovation, growth and the transition to net-zero emissions," CEP Discussion Papers dp1773, Centre for Economic Performance, LSE.
    13. Nicholas Stern & Anna Valero, 2021. "Innovation, growth and the transition to net-zero emissions," POID Working Papers 008, Centre for Economic Performance, LSE.
    14. Stern, Nicholas & Valero, Anna, 2021. "Innovation, growth and the transition to net-zero emissions," Research Policy, Elsevier, vol. 50(9).
    15. Chantal P. Naidoo, 2019. "Relating Financial Systems to Sustainability Transitions: Challenges, Demands and Dimensions," SPRU Working Paper Series 2019-18, SPRU - Science Policy Research Unit, University of Sussex Business School.
    16. Bigerna, Simona & Hagspiel, Verena & Kort, Peter M. & Wen, Xingang, 2023. "How damaging are environmental policy targets in terms of welfare?," European Journal of Operational Research, Elsevier, vol. 311(1), pages 354-372.
    17. Nowakowski, Adam & Oswald, Andrew J, 2020. "Do Europeans Care about Climate Change? An Illustration of the Importance of Data on Human Feelings," CAGE Online Working Paper Series 510, Competitive Advantage in the Global Economy (CAGE).
    18. Christian Haas & Karol Kempa, 2023. "Low-Carbon Investment and Credit Rationing," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 86(1), pages 109-145, October.
    19. Karakas, Leyla D. & Mitra, Devashish, 2020. "Believers vs. deniers: Climate change and environmental policy polarization," European Journal of Political Economy, Elsevier, vol. 65(C).

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