The political economy dimension of global climate progress is critical for the Global Stocktake process
New research provides a 16-key indicator framework for the GST to assess the political economy progress on climate mitigation
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Mengye Zhu, Assistant Research Professor
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Zhu, M., V. Chaturvedi, L. Clarke, K. Hochstetler, N. Hultman, A. Vogt-Schilb, P. Wang, (2023). Bridging the global stocktake gap of climate mitigation: A framework to measure political economy progress. https://doi.org/10.1016/j.oneear.2023.08.015
The purpose of the first Global Stocktake (GST), which will conclude in 2023, is to measure collective progress in climate action and enhance ambition for meeting the Paris Agreement. Realizing the transformative change necessary requires popular support, political commitment, and robust institutions. These aspects of “political economy,” which explores how interactions among actors, their interests, and underlying institutions shape political and economic outcomes, are critical. However, these dimensions are currently missing from the GST.
This research provides a framework that includes 16 key indicators across the 5 dimensions of national ambition, institutional arrangements, stakeholders and interests, policy effectiveness, and public opinion, and we demonstrate its feasibility for the US, China, and India. It addresses a major knowledge gap in the GST and aims to be useful for researchers, stakeholders, and policymakers in the pursuit of effective climate action.