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The Portfolio of Economic Policies Needed to Fight Climate Change

Olivier Blanchard, Christian Gollier and Jean Tirole
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Christian Gollier: TSE-R - Toulouse School of Economics - UT Capitole - Université Toulouse Capitole - UT - Université de Toulouse - EHESS - École des hautes études en sciences sociales - CNRS - Centre National de la Recherche Scientifique - INRAE - Institut National de Recherche pour l’Agriculture, l’Alimentation et l’Environnement

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Abstract: Climate change poses an existential threat. Theoretical and empirical research suggest that carbon pricing and green R&D support are the right tools, but their implementation can be improved. Other policies, such as standards, bans, and targeted subsidies, also all have a role to play, but they have often been incoherent, and their implementation is delicate.

Keywords: Climate change; Carbon price; Green R&D; Carbon border adjustment; Climate finance (search for similar items in EconPapers)
Date: 2023
New Economics Papers: this item is included in nep-agr, nep-ene, nep-env and nep-res
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Published in Annual Review of Economics, 2023, 15, pp.689-722. ⟨10.1146/annurev-economics-051520-015113⟩

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DOI: 10.1146/annurev-economics-051520-015113

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