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Conference on “The Economics of Climate Change“, March 15-16, 2021

The Covid19 pandemic can teach us a number of lessons about the political economy of climate change

 

This was Antonio Spilimbergo’s (IMF) assessment in a panel discussion with Sarah Breeden (Bank of England) and Ottmar Edenhofer (MCC and PIK) that concluded a two-day online conference hosted by the Centre for Economic Policy Research and the Center for Advanced Studies on the Foundations of Law and Finance (LawFin) from March 15 to 16, 2021. The expert panel focused on the topic of the regulatory interventions needed to meet the challenges of the climate change. Spilimbergo noted that "with the right incentive, innovation can come much faster than expected".

The conference on "The Economics of Climate Change" brought together a number of distinguished international speakers from a variety of disciplines to discuss the socioeconomic aspects of the climate crisis as well as the role that economics, law and politics are playing in tackling the phenomena.

Prof. Thomas Hickler, a natural scientist at the Goethe University and Senckenberg BiK-F, began the conference with a multifaceted analysis of climate change and its impact on biodiversity, ecosystems and human society. Presenting a range of indicators and other data he highlighted the dynamics of the changes triggered by the climate crisis as well as the severe impact they are likely to have on humanity.

Presentations by Lint Barrage, Rob Engle, Eugenie Dugoua, Stephie Fried, Solomon Hsiang, Larry Kotlikoff, Robert Pindyck, Anthony Smith, and Silvana Tenreyro spoke about the economic, social, and political aspects correlated with climate change, as well as the systemic risks and resulting costs. They also discussed strategies aimed at mitigating climate change and their effect, including, not least, the legal and regulatory measures.

The conference was organized by Francesco Caselli (London School of Economics), Rainer Haselmann (Goethe University Frankfurt and LawFin), Alexander Ludwig (Goethe University Frankfurt and SAFE), Loriana Pelizzon (Goethe University Frankfurt and SAFE), Rick van der Ploeg (University of Oxford) and Tobias Tröger (Goethe University Frankfurt and LawFin).

For further information, please contact Miriam Doukkali, LawFin, Goethe-University Frankfurt.