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The Portfolio of Economic Policies Needed to Fight Climate Change

Author

Listed:
  • Olivier Blanchard

    (Peterson Institute for International Economics)

  • 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)

  • Jean Tirole

    (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)

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.

Suggested Citation

  • Olivier Blanchard & Christian Gollier & Jean Tirole, 2023. "The Portfolio of Economic Policies Needed to Fight Climate Change," Post-Print hal-04472569, HAL.
    • Handle: RePEc:hal:journl:hal-04472569
    DOI: 10.1146/annurev-economics-051520-015113
    Note: View the original document on HAL open archive server: https://hal.science/hal-04472569
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    Cited by:

    1. Lackner, Teresa & Fierro, Luca Eduardo & Mellacher, Patrick, 2024. "Opinion Dynamics meet Agent-based Climate Economics: An Integrated Analysis of Carbon Taxation," OSF Preprints rdfze, Center for Open Science.
    2. Roy Kouwenberg & Chenglong Zheng, 2023. "A Review of the Global Climate Finance Literature," Sustainability, MDPI, vol. 15(2), pages 1-32, January.
    3. Teresa Lackner & Luca E. Fierro & Patrick Mellacher, 2024. "Opinion Dynamics meet Agent-based Climate Economics: An Integrated Analysis of Carbon Taxation," LEM Papers Series 2024/11, Laboratory of Economics and Management (LEM), Sant'Anna School of Advanced Studies, Pisa, Italy.
    4. Bijnens, Gert & Anyfantaki, Sofia & Colciago, Andrea & De Mulder, Jan & Falck, Elisabeth & Labhard, Vincent & Lopez-Garcia, Paloma & Meriküll, Jaanika & Parker, Miles & Röhe, Oke & Schroth, Joachim & , 2024. "The impact of climate change and policies on productivity," Occasional Paper Series 340, European Central Bank.

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    More about this item

    Keywords

    Climate change; Carbon price; Green R&D; Carbon border adjustment; Climate finance;
    All these keywords.

    JEL classification:

    • D61 - Microeconomics - - Welfare Economics - - - Allocative Efficiency; Cost-Benefit Analysis
    • F18 - International Economics - - Trade - - - Trade and Environment
    • H23 - Public Economics - - Taxation, Subsidies, and Revenue - - - Externalities; Redistributive Effects; Environmental Taxes and Subsidies
    • Q37 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Nonrenewable Resources and Conservation - - - Issues in International Trade
    • Q54 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Climate; Natural Disasters and their Management; Global Warming

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