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Richard Tol

Richard Tol is a Professor at the Department of Economics, University of Sussex and the Professor of the Economics of Climate Change at Vrije Universiteit. He has been a contributing author of Working Groups I, II and III of the Intergovernmental Panel on Climate Change; shared winner of the Nobel Peace Prize for 2007; and an author and editor of the UNEP Handbook on Methods for Climate Change Impact Assessment and Adaptation Strategies. He is actively involved in the European Climate Forum, the European Forum on Integrated Environmental Assessment, and the Energy Modeling Forum.



3:15 pm


4:05 pm

Institutions 4 Climate

What institutional change is required to slow down climate change and mitigate its effects?

"The world is waking up. And change is coming whether you like it or not.” Yet, the global community is not equipped with the tools to slow down the change nor to mitigate it. Given that climate change is an existential crisis of unprecedented scale, it is unsurprising that existing institutions are not cut out to deal with it. This includes national and international political and economic institutions; from markets, unlikely to cushion the shock that a dramatic reconfiguration of the industrial economy would produce, to international legal systems which are missing the architecture required to ensure environmental accountability, amongst other examples. What transformations need to take place to allow us to minimise global warming and assuage its effects? How do we even begin to imagine what an environmentally sustainable world would look like? The discussion will delve into such questions and discuss capitalism and growth, inclusivity and participation, international agreements and charters to enable dialogue on the toughest, and the most urgent issue of our time.