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To avoid shipwreck, imagine a "stranded-compensated" principle
[Pour éviter le naufrage, imaginer un principe "échoué-compensé"]

Author

Listed:
  • Louis Daumas
  • Mathilde Salin

Abstract

Less than a generation lies ahead of us to carry out the bulk of the changes needed to attenuate climate change. Such a rapid transition will imply the loss of a significant share of the physical, human and financial capital accumulated in carbon-intensive sectors. We need to acknowledge this loss and look at ways of making it tolerable. Il reste moins d’une génération pour accomplir l’essentiel des mutations permettant d’atténuer le changement climatique. Une transition aussi rapide impliquera la perte d’une part non négligeable du capital physique, humain et financier accumulé dans les secteurs intensifs en carbone. Il s’agit de prendre acte de cette perte et d’explorer des pistes pour la rendre tolérable.

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Handle: RePEc:bfr:econot:190
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File URL: https://www.banque-france.fr/en/publications-and-statistics/publications/avoid-shipwreck-imagine-stranded-compensated-principle
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File URL: https://www.banque-france.fr/fr/publications-et-statistiques/publications/pour-eviter-le-naufrage-imaginer-un-principe-echoue-compense
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