The Portfolio of Economic Policies Needed to Fight Climate Change

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.

Automated summary

Climate change is a significant threat to human existence. Carbon pricing and green R&D support are considered effective tools, although their implementation can be improved. Other policies such as standards, bans, and targeted subsidies also play a role, but their implementation needs to be coherent and careful.