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The Global Political Economy of a Green Transition

Author

Listed:
  • Giorgos Galanis

    (Queen Mary, University of London, School of Business and Management)

  • Giorgio Ricchiuti

    (Università degli Studi di Firenze, Complexity Lab in Economics (CLE), Università Cattolica del Sacro Cuore, Milano)

  • Ben Tippet

    (University of Greenwich)

Abstract

From uneven development to unequal exposure to extreme weather events, the economic geography of climate change implies substantial heterogeneity regarding countries’ preferences for climate action. Yet, how this heterogeneity matters for sustaining high and effective levels of global climate action has not been analysed. This paper develops a novel geographical political economy model of climate action where countries’ choices are influenced by the evolution of greenhouse gas emissions, total participation in climate action and by the dispersion of economic geographical factors. Our results highlight that uneven geographic development can be a barrier to sustained high levels of global action.

Suggested Citation

  • Giorgos Galanis & Giorgio Ricchiuti & Ben Tippet, 2023. "The Global Political Economy of a Green Transition," Working Papers 113, Queen Mary, University of London, School of Business and Management, Centre for Globalisation Research.
    • Handle: RePEc:cgs:wpaper:113
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    File URL: http://cgr.sbm.qmul.ac.uk/CGRWP113.pdf
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    More about this item

    Keywords

    Uneven Development; Global Political Economy; Climate Action; Green Transition;
    All these keywords.

    JEL classification:

    • E7 - Macroeconomics and Monetary Economics - - Macro-Based Behavioral Economics
    • F5 - International Economics - - International Relations, National Security, and International Political Economy
    • Q5 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics
    • C62 - Mathematical and Quantitative Methods - - Mathematical Methods; Programming Models; Mathematical and Simulation Modeling - - - Existence and Stability Conditions of Equilibrium

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