Agent-based integrated assessment modelling: the example of climate change

Abstract

Current approaches to deal with the socio-economic implications of climate change rely heavily on economic models that compare costs and benefits of different measures. We show that the theoretical foundations underpinning current approaches to economic modelling of climate change are inappropriate for the type of questions that are being asked. We argue therefore that another tradition of modelling, social simulation, is more appropriate in dealing with the complex environmental problems we face today.