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The adaptation of economies to climate change: lessons from the economic research
[L’adaptation des économies au changement climatique : les enseignements tirés de la recherche économique]

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  • Lé Mathias

Abstract

Beyond the issues of energy transition and the development of a sustainable economic model, the process of climate change is already having measurable negative impacts: lower agricultural yields, a fall in the labour supply, weaker productivity growth. It is therefore important to understand to what extent firms and economies in general are liable to adapt and innovate in order to mitigate these adverse effects. An examination of the literature shows that, at this stage, firms have only adapted to a limited extent to the consequences of climate change. Au delà des enjeux de transition énergétique et d’élaboration d’un modèle économique soutenable, le processus de changement climatique a d’ores et déjà des conséquences négatives mesurables : moindres rendements agricoles, baisse de l’offre de travail, croissance plus faible de la productivité. Il s’agit alors de comprendre dans quelle mesure les entreprises, et plus généralement les économies, sont susceptibles de s’adapter et d’innover afin d’en atténuer les conséquences néfastes. Les travaux examinés relèvent à ce stade une adaptation relativement limitée des entreprises aux conséquences du changement climatique.

Suggested Citation

  • Lé Mathias, 2022. "The adaptation of economies to climate change: lessons from the economic research [L’adaptation des économies au changement climatique : les enseignements tirés de la recherche économique]," Bulletin de la Banque de France, Banque de France, issue 239.
  • Handle: RePEc:bfr:bullbf:2022:239:05
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    References listed on IDEAS

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