|MACROECONOMICS Vs ENVIRONMENTAL MACROECONOMICS - Implications for Climate Policy|
|Speaker: Professor Dodo Thampapillai|
|When: Thursday 29th September 2011, 1.00 - 2.00pm.|
|Location: Building E6A Room 102|
|Audience: Academics, staff and students|
Abstact: When environmental macroeconomic frameworks replace standard macroeconomic frameworks differences in policy outcomes ensue. The non-recognition of real environmental capacity constraints could explain the inability of standard frameworks to deliver on climate change related goals. In this paper, environmental capital depreciation is internalized into analytic frameworks of factor-utilization, aggregate demand and aggregate supply. The analyses reveal that restricted income and wage domains alongside limited environmental capacity constrain economic performance. Hence environmental capacity expansion and climate change related initiatives towards sustainability warrant specific attention. Illustrations are made with reference to the Australian economy and her response to the 2008-10 global financial crisis.
Bio: Professor Dodo Thampapillai holds a Personal Chair in Environmental Economics. He is currently an economist with the Lee Kuan Yew School of Public Policy at the National University of Singapore. Previously he held an Adjunct Professorship in Environmental Economics at the Swedish University of Agricultural Sciences at Uppsala until 2009. In 2005, he was included in the list of Eminent Environmental Economists by UNESCAP and was previously a member of the UNEP Expert Group in Environmental Economics. He has over 100 publications including seven books and nine refereed monographs. He was also awarded the DFG Professorship (University of Kiel, Germany 1999/2000) and SLU visiting Professorship (Sweden- 1999/2000). He has also consulted with World Bank, United Nations Development Programme, Food and Agricultural Organization of the United Nations and International Labour Organization, and the Australian Government. Dodo's current research focus is on Macroeconomics and the Environment.