Patience and climate change mitigation: Global evidence

Abstract

Complex policy problems such as climate mitigation have an economic, political, and social dimension. We focus on one of the social dimensions of climate change mitigation: the link between society-wide patience (future orientation) and adoption of public policies to combat global greenhouse gas emissions. Theoretically, future-oriented societies are more likely to accept current costs in exchange for long-run benefits posed by climate change mitigation than impatient (present-oriented) ones, cooperate in efforts to combat climate change, and support future-oriented governments. We evaluate this claim using evidence from a cross-section of countries. Controlling for other theoretically relevant factors, we find that patient societies are more likely to adopt public policies to mitigate climate change.

Keywords: Climate change; Climate change mitigation; Global commons; Institutions; Patience.