Climate economics: central themes and evolving debates


Published: Mar 7, 2025
Keywords:
Climate economics climate change mitigation carbon pricing climate-economy models sustainability
Andreas A. Papandreou
Abstract

This paper examines central themes in climate economics by addressing three interlinked questions: Why has the economy failed to protect us from climate change? What is the optimal level of climate change mitigation? What are the best means to achieve these goals? The evolving debates and approaches economists have taken to answer these questions have profoundly shaped the broader discussion on the strength and strategies of climate action.

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Author Biography
Andreas A. Papandreou, National and Kapodistrian University of Athens

This paper examines central themes in climate economics by addressing three interlinked questions: Why has the economy failed to protect us from climate change? What is the optimal level of climate change mitigation? What are the best means to achieve these goals? The evolving debates and approaches
economists have taken to answer these questions have profoundly shaped the broader discussion on the strength and strategies of climate action.