A Mainstream Economic Perspective of the Climate Change Crisis

Author(s):  
Philip Lawn
2020 ◽  
Vol 42 (2) ◽  
pp. 4-7
Author(s):  
Merrill Singer ◽  
Hans A. Baer

Abstract The applied anthropology of climate change seeks to bring the anthropological lens to the study of and social response to life on a warming planet. Recently, Practicing Anthropology published a special issue on Storying Climate Change! Here, we provide a critique of this set of papers from a political economic perspective based on the assertion that a threat of the magnitude of contemporary climate change warrants a more fully mobilized anthropological response than the local narrative approach called for in the special issue. Specifically, we argue that local stories of climate change experience are knotted together by the reigning global political economic system of capitalism and that this is a story we need to tell to build a sustainable future.


2011 ◽  
Vol 11 (1) ◽  
pp. 191 ◽  
Author(s):  
Unai Pascual ◽  
Ulf Narloch ◽  
Stella Nordhagen ◽  
Adam G. Drucker

<span>Subsistence-based and natural resource-dependent societies are especially vulnerable to climate change. In such contexts, food security needs to be strengthened by investing in the adaptability of food systems. This paper looks into the role of agrobiodiversity conservation for food security in the face of climate change. It identifies agrobiodiversity as a key public good that delivers necessary services for human wellbeing. We argue that the public values provided by agrobiodiversity conservation need to be demonstrated and captured. We offer an economic perspective of this challenge and highlight ways of capturing at least a subset of the public values of agrobiodiversity to help adapt to and reduce the vulnerability of subsistence based economies to climate change.</span>


Author(s):  
Navraj Singh Ghaleigh

This chapter presents an economic analysis of climate change and international climate change law. From an economic perspective, the environment becomes a scarce resource which must be allocated between competing ends. The economics of climate change draws mainly on the two foundational insights of economics. The first is that the free exchange of goods tends to move resources to their highest valued use, in which case the allocation of resources is said to be ‘Pareto-efficient’. The second is that economic agents respond to incentives. Economic agents are rational utility maximizers, meaning that they will undertake those actions which raise their level of utility. The chapter examines economist Ronald Coase’s article The Problem of Social Cost, which deals with externalities, the cost or benefit that affects a party who did not choose to incur that cost or benefit, and applies it to pollution and emissions trading.


2019 ◽  
Vol 5 (2) ◽  
pp. 45-55
Author(s):  
J. E. Santamaría López

At present, problems such as climate change and pressure on ecosystems require profound changes at the economic and social levels. One of the most critical areas is energy generation, in order to reduce greenhouse gas emissions and dependence on non-renewable fossil fuels. In this context, this paper analyses, from a purely economic perspective, the viability of an investment in a domestic photovoltaic system, presenting three future scenarios. Results show how the legal context has great importance in the profitability of the project and, therefore, in the decisions of the economic agents.


Author(s):  
Julie A. Nelson

In directing the Paris climate summit in 2015, Christiana Figueres, the UN climate chief, explicitly appealed to each country’s economic self-interest in her efforts to bring them to an agreement. This chapter discusses the use of self-interest rhetoric in discussions of climate change mitigation and adaptation. An outgrowth of the widespread influence of mainstream economic teaching, such rhetoric unnecessarily narrows the bounds of discussion in favor of entrenched power and entrenched analytical biases. Ignoring the evidence about what actually motivates people and nations, it unhelpfully discourages discussions of ethics and of commitment.


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