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effects, and social acceptance should all be elements of future research to manage the transition to a global circular economy. References 1OECD, The economic consequences of climate change (OECD Publishing, Paris, 2015). 2R. S. Tol, “Correction and update: The economic effects of climate change”, Journal of Economic Per- spectives, 28, 221–26 (2014). 3A. Cherp, V. Vinichenko, J. Jewell, E. Brutschin, and B. Sovacool, “Integrating techno-economic, socio- technical and political perspectives on national energy transitions: A meta-theoretical framework”, Energy Research & Social Science, 37, 175–190 (2018). 4C. Roberts, F. W. Geels, M. Lockwood, P. Newell, H. Schmitz, B. Turnheim, and A. Jordan, “The politics of accelerating low-carbon transitions: Towards a new research agenda”, Energy Research & Social Science, 44, 304–311 (2018). 5S. Hsiang and R. E. Kopp, “An economist’s guide to climate change science”, Journal of Economic Per- spectives, 32, 3–32 (2018). 6H. Auerswald, K. A. Konrad, and M. Thum, “Adaptation, mitigation and risk-taking in climate policy”, Journal of Economics, 124, 269–287 (2018). 7S. Buob and G. Stephan, “To mitigate or to adapt: How to confront global climate change”, European Journal of Political Economy, 27, 1–16 (2011). 8W. Nordhaus, “Climate clubs: Overcoming free-riding in international climate policy”, American Economic Review, 105, 1339–1370 (2015). 9P. Cramton, A. Ockenfels, and S. Stoft, “An International Carbon-Price Commitment Promotes Cooper- ation”, Global Carbon Pricing, 221–241 (2017). 10D. J. MacKay, P. Cramton, A. Ockenfels, and S. Stoft, “Price carbon—I will if you will”, Nature, 526, 315–316 (2015). 11D. Gros, P. R. Lane, S. Langfield, S. Matikainen, M. Pagano, D. Schoenmaker, and J. Suarez, Too late, too sudden: Transition to a low-carbon economy and systemic risk, 6 (Reports of the Advisory Scientific Committee, 2016). 12IPCC – Intergovernmental Panel on Climate Change, Global warming of 1.5 ◦C: Summary for Policymakers (Geneva, Switzerland, 2018). 13E. G. Carayannis, T. D. Barth, and D. F. Campbell, “The Quintuple Helix innovation model: global warming as a challenge and driver for innovation”, Journal of Innovation and Entrepreneurship, 1, 2 (2012). 14J. A. Cronin, D. Fullerton, and S. Sexton, “Vertical and horizontal redistributions from a carbon tax and rebate”, Journal of the Association of Environmental and Resource Economists, 6, S169–S208 (2019). 15L. H. Goulder, M. A. Hafstead, G. Kim, and X. Long, “Impacts of a carbon tax across US household income groups: What are the equity-efficiency trade-offs?”, Journal of Public Economics, 175, 44–64 (2019). 127PDF Image | sustainable production of fuels and chemicals
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