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Complexity economics insights for the Seventh Carbon Budget

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

Publication status:: Published

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APA Style

Youngman, T., Barbrook-Johnson, P., Ravigné, E., Tankwa, B., & Farmer, D. (2025). Complexity economics insights for the Seventh Carbon Budget (pp. 1–6). Agile Initiative, Oxford Martin School, University of Oxford.

MLA Style

Youngman, T, et al. Complexity Economics Insights for the Seventh Carbon Budget. Agile Initiative, Oxford Martin School, University of Oxford, 2025, pp. 1–6.

Chicago Style

Youngman, T, P Barbrook-Johnson, E Ravigné, B Tankwa, and D Farmer. 2025. Complexity Economics Insights for the Seventh Carbon Budget. Agile Initiative, Oxford Martin School, University of Oxford.
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Files:: Youngman_et_al_2025_Complexity_economics_insights.pdf

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Authors

+ Youngman, T More by this author

Institution:: University of Oxford
Division:: SSD
Department:: SOGE
Sub department:: Smith School
Role:: Author
ORCID:: 0009-0001-1983-2339

+ Barbrook-Johnson, P More by this author

Institution:: University of Oxford
Division:: SSD
Department:: SOGE
Sub department:: Smith School
Role:: Author

+ Ravigné, E More by this author

Institution:: University of Oxford
Division:: SSD
Department:: SOGE
Sub department:: Smith School
Role:: Author
ORCID:: 0009-0001-0098-2345

+ Tankwa, B More by this author

Institution:: University of Oxford
Division:: SSD
Department:: SOGE
Sub department:: Smith School
Role:: Author

+ Farmer, D More by this author

Institution:: University of Oxford
Division:: SSD
Department:: SOGE
Sub department:: Smith School
Role:: Author

+ Natural Environment Research Council More from this funder

Funder identifier:: https://ror.org/02b5d8509
Grant:: NE/W004976/1

Publisher:: Agile Initiative, Oxford Martin School, University of Oxford
Pages:: 1-6
Place of publication:: Oxford
Publication date:: 2025-12-08

Language:: English
Keywords:: environment

macroeconomics

climate
Pubs id:: 2351796
Local pid:: pubs:2351796
Deposit date:: 2025-12-18
ARK identifier:: ark:/29072/ora_2f518279a96b4ae7a61cf2f9f81ad72b

Terms of use

Copyright holder:: Youngman et al.
Copyright date:: 2025

Licence:: Terms and Conditions of Use for Oxford University Research Archive

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