The PoliEcon Insight

  The Political Economy of Climate Change The political economy of climate change examines the complex interactions between economic systems, political institutions, and environmental policies. As climate change poses unprecedented challenges to global stability and economic growth, understanding these dynamics is essential for developing effective strategies to mitigate its impacts and adapt to changing environmental conditions. This analysis explores the key components of the political economy of climate change, including the role of global governance, economic incentives, the impact of climate change on inequality, and the transition to a sustainable economy. 1. Understanding Climate Change as a Political and Economic Challenge a. The Science of Climate Change Climate change refers to long-term shifts in temperatures and weather patterns, primarily driven by human activities, such as the burning of fossil fuels, deforestation, and industrial processes. The Intergovernmental Pane...