Climate Mitigation through Supply and Demand
Three of the papers cited below address aspects of climate change mitigation in relation to supply and demand. A conference paper by Clora and Yu (2021) concentrates on decarbonizing the European economy, which will require interventions on both the supply-side and the demand-side in many sectors. As examples of action on climate change, the authors list the shift from fossil fuels to renewable energy, changes to agricultural production systems, more energy-efficient buildings and production processes, and the movement towards low carbon diets and greener modes of transport. They point out that these actions change both demand and supply, and patterns of production and consumption between different sectors and countries. This can have the effect of altering trade flows and the carbon emissions which traded goods embody. The term carbon leakage is used to describe the way in which decreased carbon emissions in one country may lead to rising emissions elsewhere. The authors use