Abstract
This paper delves into how environmental policies are shaped, with a specific focus on Behavioral Economics, and its profound impact designing and implementing them, especially in the context of climate change and energy regulation. The core premise is to highlight how understanding and influencing human behavior can lead to more effective and sustainable solutions for combating climate change. Economics, encompassing productive, commercial, and service-oriented activities aimed at consumer satisfaction, provides a rich landscape for multidisciplinary exploration. Behavioral Economics, which examines consumer decision-making through the lens of human behavior, has emerged as a key driver in shaping public policies over the past four decades, including those pertaining to energy. Given the paramount importance of behavioral change in addressing environmental degradation and climate change, this paper seeks to demonstrate how Behavioral Economics has been integrated into the development of environmental policies, offering valuable insights and practical approaches. This investigation underscores the significance of Behavioral Economics in effecting profound change in human behavior patterns, enabling the formulation of policies that are both impactful and sustainable. As society confronts one of its most pressing challenges, the knowledge derived from this research may serve as a foundation for strategies that pave the way toward a greener and more environmentally resilient future. The paper critically examines existing research, providing a comprehensive overview of the field and its application in environmental policy development.
Presenters
Maria Alexandra CraciunStudent, Ph.D., Bucharest University of Economic Studies, Romania Elena Chita
Ioana-Silvia Dumitrescu-Popa
Phd candidate, Bucharest University of Economic Studies, Romania
Details
Presentation Type
Theme
Economic, Social, and Cultural Context
KEYWORDS
BEHAVIOURAL ECONOMICS, CLIMATE CHANGE, POLICIES, SUSTAINABILITY, BEHAVIOURAL INSIGHTS, NUDGING
