Conference Agenda
Overview and details of the sessions of this conference. Please select a date or location to show only sessions at that day or location. Please select a single session for detailed view (with abstracts and downloads if available).
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Daily Overview |
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Climate Change Adaptation 3 Location: B004 Session Chair: Patricia Caetano, University of Southern California | |
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Political Economy of Climate Change Adaptation 1: Nova SBE, Portugal; 2: University of Amsterdam; 3: University of Oxford We study the evolution of majority preferences for climate policy in response to rising economic inequality and climate risk. Households differ in age, income and beliefs, forming blocks to vote on preventive policy. Beliefs on climate risk converge over time, while beliefs on public effectiveness persist and lead to persisting disagreement. The initial majority favors a low intervention level, slowly rising as climate risk rises. The political majority shifts at a tipping point driven by young skeptical voters exposed to rising climate damage, unless beliefs are very far apart. Loss of habitat leads to a rising ratio of house prices to income. A second tipping point may arise in response to rising inequality, though its effect on policy is ambiguous. The political conflict combined with the "tragedy of the horizon" effect produces underinvestment under any coalition. | |