Abstract:

The path to Net Zero requires hundreds of changes to technologies and practices across every sector of the economy. Changes will be transformational, not marginal. Complexity economics and complexity science methods are particularly well suited to this type of problem.

This briefing for the Environmental Audit Committee’s Seventh Carbon Budget inquiry showcases four research programmes from the University of Oxford’s Institute for New Economic Thinking that we believe could help inform the Seventh Carbon Budget:

  1. Macroeconomics for the Seventh Carbon Budget;
  2. Forecasting technology deployment;
  3. Systems mapping;
  4. Inequality impacts, linking micro and macro models.

Citation:

Youngman, T., Barbook-Johnson, P., Ravigné, R., Tankwa, B. & Farmer, J.D. (2025), 'Complexity economics insights for the Seventh Carbon Budget', Agile Initiative.
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