Christian Gollier: How should Society be organized to fight climate change? The economics viewpoint | Programme | ÉCOLE D'ÉTÉ ISC 2021 COGNITION ET CLIMAT

Christian Gollier: How should Society be organized to fight climate change? The economics viewpoint

Quoi:
Talk
Quand:
9:30 AM, mercredi 26 mai 2021 EDT (1 heure 15 minutes)
Comment:
In order to win the world war against climate change, one will have to incentivize billions of people and enterprises to implement a myriad of micro- and macro-actions to reduce global emissions. The problem is that these stakeholders will bear 100% of the cost, and basically 0% of the benefits, which will mostly goes to future generations. This so-called externality and free-rider problems have only one solution which is unanimously supported by economists. They propose to implement the polluter-pay principle by imposing a universal price of carbon that should be equal to the marginal climate damage. I will also discuss alternative solutions.
Conférencier.ère
Toulouse School of Economics
Directeur
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