Transformative targets in sustainability policy making: the case of the 30% EU mitigation goal
Copyright policy )Transformative targets in sustainability policy making: the case of the 30% EU mitigation goal
This paper explores to what extent moving towards the 30% GHG emission reductions by 2020 with respect to 1990 in the EU can be considered a transformative target. To do so, we first define the concept of transformative targets from a complex systems perspective and show a novel approach and original results using an extended application of the GEM-E3 model. Traditional macroeconomic models cannot easily handle key synergetic system effects derived from green growth and sustainability policies, and thus require additional features. We analyse the role of semi-endogenous growth driven by learning-by-doing and low-carbon investment expectations following a long-term transformative trajectory.
- French Institute for Research in Computer Science and Automation France
- Département Sciences sociales, agriculture et alimentation, espace et environnement France
- Pantheon-Sorbonne University France
- National Research Institute for Agriculture, Food and Environment France
- University of Oxford United Kingdom
[SHS.ECO] Humanities and Social Sciences/Economies and finances, 330, and Heterodox Approaches/B.B5 - Current Heterodox Approaches/B.B5.B52 - Institutional • Evolutionary, system attractors, JEL : B:B5:B52], 333, [ SHS.ECO ] Humanities and Social Sciences/Economies and finances, JEL : [Q:Q5:Q54, [SHS.ECO] Humanities and Social Sciences/Economics and Finance, macroeconomic modelling, Methodology, Q - Agricultural and Natural Resource Economics • Environmental and Ecological Economics/Q.Q5 - Environmental Economics/Q.Q5.Q54 - Climate • Natural Disasters and Their Management • Global Warming [JEL], EU climate policy, JEL: B - History of Economic Thought, Methodology, and Heterodox Approaches/B.B5 - Current Heterodox Approaches/B.B5.B52 - Institutional • Evolutionary, JEL: Q - Agricultural and Natural Resource Economics • Environmental and Ecological Economics/Q.Q5 - Environmental Economics/Q.Q5.Q54 - Climate • Natural Disasters and Their Management • Global Warming, [SHS.ECO]Humanities and Social Sciences/Economics and Finance, sustainability, JEL: B - History of Economic Thought, B - History of Economic Thought, Methodology, and Heterodox Approaches/B.B5 - Current Heterodox Approaches/B.B5.B52 - Institutional • Evolutionary [JEL], jel: jel:Q - Agricultural and Natural Resource Economics • Environmental and Ecological Economics/Q.Q5 - Environmental Economics/Q.Q5.Q54 - Climate • Natural Disasters and Their Management • Global Warming, jel: jel:B - History of Economic Thought, Methodology, and Heterodox Approaches/B.B5 - Current Heterodox Approaches/B.B5.B52 - Institutional • Evolutionary
[SHS.ECO] Humanities and Social Sciences/Economies and finances, 330, and Heterodox Approaches/B.B5 - Current Heterodox Approaches/B.B5.B52 - Institutional • Evolutionary, system attractors, JEL : B:B5:B52], 333, [ SHS.ECO ] Humanities and Social Sciences/Economies and finances, JEL : [Q:Q5:Q54, [SHS.ECO] Humanities and Social Sciences/Economics and Finance, macroeconomic modelling, Methodology, Q - Agricultural and Natural Resource Economics • Environmental and Ecological Economics/Q.Q5 - Environmental Economics/Q.Q5.Q54 - Climate • Natural Disasters and Their Management • Global Warming [JEL], EU climate policy, JEL: B - History of Economic Thought, Methodology, and Heterodox Approaches/B.B5 - Current Heterodox Approaches/B.B5.B52 - Institutional • Evolutionary, JEL: Q - Agricultural and Natural Resource Economics • Environmental and Ecological Economics/Q.Q5 - Environmental Economics/Q.Q5.Q54 - Climate • Natural Disasters and Their Management • Global Warming, [SHS.ECO]Humanities and Social Sciences/Economics and Finance, sustainability, JEL: B - History of Economic Thought, B - History of Economic Thought, Methodology, and Heterodox Approaches/B.B5 - Current Heterodox Approaches/B.B5.B52 - Institutional • Evolutionary [JEL], jel: jel:Q - Agricultural and Natural Resource Economics • Environmental and Ecological Economics/Q.Q5 - Environmental Economics/Q.Q5.Q54 - Climate • Natural Disasters and Their Management • Global Warming, jel: jel:B - History of Economic Thought, Methodology, and Heterodox Approaches/B.B5 - Current Heterodox Approaches/B.B5.B52 - Institutional • Evolutionary
