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Climate Policies: Tools, Challenges and Obstacles
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External Authors
Frederick van der Ploeg
Related Themes
Macro-Economics of Climate ChangeJEL Code
H23, Q54
Journal
National Institute Economic Review, No. 258, Vol. Autumn, Pages: 12-27
External Resources
The climate scientists are in no doubt: we must act now and vigorously if global warming is to be kept below 1.5 degrees relative to preindustrial temperatures.
What is needed is a steady growing path of substantial and credible carbon prices throughout the world economy and a big programme in green technology investments. Adverse income effects for the poor should be offset with directed transfers. Unfortunately, there is a whole range of obstacles blocking a successful implementation of these policies.
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