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Radical Climate Policies

Author

Listed:
  • Van Der Ploeg, Frederick
  • Venables, Anthony
Abstract
In the presence of strategic complementarities stemming from peer effects in demand or from technological spill-overs, propagation and amplification mechanisms increase the effectiveness of climate policies. This suggests that climate goals can be met with smaller policy interventions. However, if there are multiple equilibria, radical and more ambitious climate policies are needed to shift the economy from a high-emissions to a low-emissions path.. Once the radical shift has taken place the transformative policies can be withdrawn. More generally, such policies can set in motion social, technological, and political tipping points. The rationale for such policies is strengthened due to key households, corporations and institutions being at the centre of networks, and thus radical climate policies should identify those agents and leverage them. Our proposals offer a complementary perspective to scholars that have emphasised insights from the literature on early warning signals to advocate sensitive intervention points to get more effective and more transformative climate policies.

Suggested Citation

  • Van Der Ploeg, Frederick & Venables, Anthony, 2022. "Radical Climate Policies," CEPR Discussion Papers 17677, C.E.P.R. Discussion Papers.
    • Handle: RePEc:cpr:ceprdp:17677
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    File URL: https://cepr.org/publications/DP17677
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    Cited by:

    1. Richhild Moessner, 2024. "Effects of Green Technology Support Policies on Carbon Dioxide Emissions," CESifo Working Paper Series 11047, CESifo.
    2. Lavinia Heisenberg & Richhild Moessner, 2024. "Expanding the Use of Molten Salt for Renewable Energy Storage and the Role of Green Technology Policies," CESifo Working Paper Series 11223, CESifo.
    3. Sterner, Thomas & Ewald, Jens & Sterner, Erik, 2024. "Economists and the climate," Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 109(C).

    More about this item

    JEL classification:

    • Q54 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Climate; Natural Disasters and their Management; Global Warming
    • Q58 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Environmental Economics: Government Policy

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