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Sustainable Development and global emission targets : A dynamical systems approach to aid evidence-based policy making
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- Ranganathan, Shyam (author)
- Virginia Polytechnic Institute and State University, Department of Statistics, Blacksburg, Virginia, USA
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- Bali Swain, Ranjula (author)
- Stockholm School of Economics,Handelshögskolan i Stockholm,Södertörns högskola,Nationalekonomi,Mistra Center for Sustainable Markets (Misum), Stockholm School of Economics, Stockholm, Sweden; Department of Economics, Södertörn University, Huddinge, Sweden
- (creator_code:org_t)
- 2018-07-11
- 2018
- English.
- In: Sustainable Development. - : John Wiley & Sons. - 0968-0802 .- 1099-1719 .- 2160-7540 .- 2160-7559. ; 26:6, s. 812-821
- Journal article (peer-reviewed)
Abstract
Subject headings
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- There is broad scientific consensus that increasing global emissions at current rates will result irreversible climate change. The global commitment to the Sustainable Development Goals and the Paris agreement tries to address this concern with policy changes. But top-down approaches including voluntary emission cuts do not seem politically feasible in all countries. In this paper, we show that moderate voluntary emission cuts (policy) supplemented by technological developments and changes in consumption tastes and preferences induced by educating individuals (stakeholder engagement) could help achieve emission targets. We use a novel dynamical systems modeling approach based on economic theory to show the quantitative tradeoffs between these different approaches. Using this model, we also show how economic development may be balanced by global emissions reductions so that, initially, developing economies can continue along their current growth trajectories and eliminate poverty, and eventually bear more of the emissions reduction burden.
Subject headings
- SAMHÄLLSVETENSKAP -- Ekonomi och näringsliv -- Nationalekonomi (hsv//swe)
- SOCIAL SCIENCES -- Economics and Business -- Economics (hsv//eng)
Keyword
- Green Solow
- emission targets
- Sustainable Development Goals
- dynamical systems
- environment policy
- greenhouse gases
- Politics, Economy and the Organization of Society
- Politik, ekonomi och samhällets organisering
- Economics
Publication and Content Type
- ref (subject category)
- art (subject category)
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