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Complexity Economics for Environmental Governance Jean-Francois Mercure (The World Bank)

Complexity Economics for Environmental Governance By Jean-Francois Mercure (The World Bank)

Complexity Economics for Environmental Governance by Jean-Francois Mercure (The World Bank)


Summary

This book reframes environmental policy from the bottom up to provide new theories of microeconomics, macroeconomics, innovation and environmental governance. It will be useful for decision-makers in government and business and scholars and graduate students in the field of environmental economics and policy.

Complexity Economics for Environmental Governance Summary

Complexity Economics for Environmental Governance by Jean-Francois Mercure (The World Bank)

In Complexity Economics for Environmental Governance, Jean-Francois Mercure reframes environmental policy and provides a rigorous methodology necessary to tackle the complexity of environmental policy and the transition to sustainability. The book offers a detailed account of the deficiencies of environmental economics and then develops a theory of innovation and macroeconomics based on complexity theory. It also develops a new foundation for evidence-based policy-making using a Risk-Opportunity Analysis applied to the sustainability transition. This multidisciplinary work was developed in partnership with prominent natural scientists and economists as well as active policy-makers with the aim to revolutionize thinking in the face of the full complexity of the sustainability transition, and to show how it can best be governed to minimize its distributional impacts. The book should be read by academics and policy-makers seeking new ways to think about environmental policy-making.

Complexity Economics for Environmental Governance Reviews

'Jean-Francois Mercure is in the vanguard of experts seeing the economy in a new way: not as a predictable machine, but as an ever-changing ecosystem. His insights will be valuable to anyone who wants to bring about real-world change. This book is an essential guide to the new economics of climate change.' Simon Sharpe, Deputy Director, Policy campaigns, COP26 Unit, UK Cabinet Office
'This important book mobilises insights from complexity economics and socio-technical transitions theory to rethink the nature of our responses to persistent environmental problems. Acknowledging the need for system transformation, this back-to-basics book develops ways of understanding the relevant processes of change and provides policy suggestions for governing them. Combining new theories, new modelling techniques, and new empirical information this book develops foundational insights that will be essential for navigating sustainability transitions.' Frank Geels, Professor of System Innovation, University of Manchester
The world is slowly waking up to the importance of modern economic thinking which recognises economies as complex, evolving systems combining innovation in technologies, finance and institutions. The insights arising are especially important for navigating large-scale transitions, such as the radical challenges associated with climate change. Few scholars have done more to raise awareness and to advance thinking about these issues than Jean-Francois Mercure. His impressive book,Complexity Economics for Environmental Governance,is the most rigorous and comprehensive guide to this exciting field and the essential insights arising, and deserves to become the definitive text for the field. Michael D. Grubb, Professor of Energy and Climate Change, University College of London

About Jean-Francois Mercure (The World Bank)

Dr Jean-Francois Mercure is Associate Professor in Climate Change Policy at the University of Exeter, UK. His research focuses on developing models and methods for public policy appraisal in low-carbon innovation based on complexity science, and for assessing the macroeconomic impacts of diverse types of low-carbon, energy and climate policies. Jean-Francois Mercure has worked at several universities including the University of Cambridge, where he was Deputy Director of the Cambridge Centre for Climate Change Mitigation Research, and remains now fellow of the Cambridge Centre for Energy, Environment and Natural Resource Governance (C-EERNG), as well as Hughes Hall. He regularly engages with policy-makers from across UK government, the European Commission and other governments internationally.

Table of Contents

Part I. The Current State of Knowledge: 1. Introducing Complex Environmental Economics; 2. Complexity Heterogeneity, and Uncertainty; 3. Equilibrium and Non-Equilibrium Paradigms; 4. Philosophies of Science and the Policy Cycle; Part II. A Positive Theory for Complexity Economics: 5. Concepts of Complexity for Economics; 6. Fundamental Uncertainty; 7. Micro-Foundations for Consumer Theory; 8. Micro-foundations for a Theory of Innovation; 9. The Nature of Money; 10. Micro-Foundations for Credit Creation; 11. A Model for Growth and Creative Destruction; Part III. Applied Complexity Economics for Environmental Governance: 12. Risk-Opportunity Analysis; 13. Science & Policy for the Energy-Water-Food Nexus; 14. Technology Dynamics in a Low-Carbon Transition; 15. Structural Change in a Low-Carbon Transition; 16. Conclusion and Outlook.

Additional information

NPB9781108428828
9781108428828
1108428827
Complexity Economics for Environmental Governance by Jean-Francois Mercure (The World Bank)
New
Hardback
Cambridge University Press
2022-11-17
320
N/A
Book picture is for illustrative purposes only, actual binding, cover or edition may vary.
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