Article

The Portfolio of Economic Policies Needed to Fight Climate Change

Olivier Jean Blanchard, Christian Gollier et Jean Tirole

Résumé

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.

Mots-clés

climate change; carbon price; green R&D; carbon border adjustment; climate finance;

Codes JEL

  • D61: Allocative Efficiency • Cost–Benefit Analysis
  • F18: Trade and Environment
  • H23: Externalities • Redistributive Effects • Environmental Taxes and Subsidies
  • Q37: Issues in International Trade
  • Q54: Climate • Natural Disasters • Global Warming

Référence

Olivier Jean Blanchard, Christian Gollier et Jean Tirole, « The Portfolio of Economic Policies Needed to Fight Climate Change », Annual Review of Economics, vol. 15, septembre 2023, p. 689–722.

Publié dans

Annual Review of Economics, vol. 15, septembre 2023, p. 689–722