Global Climate Changes and World Economy

DOI: 10.20542/0131-2227-2011-12-3-12

I. Makarov, National Research University Higher School of Economics, 9/11, Myasnitskaya Str., Moscow, 101000, Russian Federation (

Abstract. The article focuses on the influence of global climate changes on the world economy. The author points out that this influence is broader than the direct damage from the transformation of environment caused by climate change. It involves a variety of issues including impact on the technological progress and formation of new carbon markets. Special attention is paid to the role of intergovernmental regulation and to the composition of climate-related policy which are to be substantially changed as the influence of climate change grows. Climate policy passes to the national level and switches to the priority of adaptation measures.

Keywords: climate change, Kyoto Protocol, green technologies, carbon markets, public goods, climate policy, post-Kyoto agreement, adaptation to climate change

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For citation:
Makarov I. Global Climate Changes and World Economy. World Eonomy and International Relations, 2011, no. 12, pp. 3-12.

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