Climate Change, Development, Poverty and Economics

Forthcoming as a chapter in K. Basu, D. Rosenblatt and C. Sepulveda, eds. The State of Economics, the State of the World, Cambridge, MA: MIT Press

Centre for Climate Change Economics and Policy Working Paper No. 284

Grantham Research Institute on Climate Change and the Environment Working Paper No. 253

25 Pages Posted: 1 Nov 2016

See all articles by Sam Fankhauser

Sam Fankhauser

London School of Economics & Political Science (LSE) - Grantham Research Institute on Climate Change and the Environment

Nicholas Stern

London School of Economics & Political Science (LSE) - Grantham Research Institute on Climate Change and the Environment

Date Written: October 17, 2016

Abstract

The Paris Agreement on climate change and the Sustainable Development Goals (SDGs), both agreed in 2015, provide a new basis for international cooperation and development. In the two agreements, there is now a common platform for the next phase of the fight against poverty. The SDGs make it clear that environmental protection will be a key feature of this next phase and increasingly intertwined with poverty reduction.

At the core of this is climate change. Climate change is a threat of a completely different magnitude and character from those of the past. To continue our progress in the face of climate risks we need both strong policy action and a radical deepening of economic analysis. We need to construct theories and models that reflect the unique challenges we now face and the contexts in which they arise.

This paper sets out the challenges for policy and economic analysis that arise form climate change.

Suggested Citation

Fankhauser, Sam and Stern, Nicholas, Climate Change, Development, Poverty and Economics (October 17, 2016). Forthcoming as a chapter in K. Basu, D. Rosenblatt and C. Sepulveda, eds. The State of Economics, the State of the World, Cambridge, MA: MIT Press, Centre for Climate Change Economics and Policy Working Paper No. 284, Grantham Research Institute on Climate Change and the Environment Working Paper No. 253, Available at SSRN: https://ssrn.com/abstract=2859491

Sam Fankhauser (Contact Author)

London School of Economics & Political Science (LSE) - Grantham Research Institute on Climate Change and the Environment ( email )

Houghton Street
London, WC2A 2AE
Great Britain

HOME PAGE: http://personal.lse.ac.uk/fankhaus/

Nicholas Stern

London School of Economics & Political Science (LSE) - Grantham Research Institute on Climate Change and the Environment ( email )

Houghton Street
London, WC2A 2AE
Great Britain

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