Journal of
Economics and International Finance

  • Abbreviation: J. Econ. Int. Finance
  • Language: English
  • ISSN: 2006-9812
  • DOI: 10.5897/JEIF
  • Start Year: 2009
  • Published Articles: 363

Full Length Research Paper

The political economy of climate change

Guillermo Torres Carral
  • Guillermo Torres Carral
  • Universidad Autónoma Chapingo, México.
  • Google Scholar


  •  Received: 09 November 2014
  •  Accepted: 23 June 2015
  •  Published: 31 July 2015

Abstract

This article debates institutional proposals given to address climate change which is not attacking basic socioeconomic determinants but only impacts such as emissions of greenhouse gases (GHE). Getting to the bottom of the problem requires moving beyond mere energy transition to renewable energy, which is necessary. But they are insufficient to ensure the preservation of life on earth and the social order. These circumstances enable the emergence of the political economy of climate change, introducing a necessary reform towards sustainability by applying the required and appropriate economic and financial instruments and regulations; thus it is not just a matter of adaptation and mitigation of this situation, but of restructuring the economy, society and culture to the benefit of people.

 

Key words: Climate change, mitigation, adaptation, restructuring.