With the global epidemic that is climate change upon us. It is time for political leaders around the world to start taking notice and preparing plans to tackle this huge epidemic. One way we could look at this problem is from the perspective of game theory and Yoginder K Alagh even goes as far as to say this is where the solution lies. Intuitively, we would not think of tackling climate change in this approach but when we think of the major stakeholders in terms of climate change, then it makes a lot of sense.
We have the big oil companies who do NOT want climate action to happen or else they lose a lot of money and then we have the other side of the spectrum of people who want to see a change. People who feel the effects of climate change want to see the world in a better place and want to see action. By looking at this problem from a game theory perspective, we can come up with nash equilibriums and find the best course of action. Of course, how would we justify the numbers? That is very hard to do and perhaps will take more time to justify. That being said, Berkeley has tackled game theory for climate change in the economic sense and has come to a few conclusions. Reducing global emissions is good, and no international agency can enforce environment agreements. It needs to be done by each country of their own.
So what does this mean for us in the future? Well, a step in the right direction is still a step and looking at things from different perspectives may find us an unexpected answer.
https://www.financialexpress.com/opinion/climate-change-game-theory-holds-a-solution/1757991/