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Annual Review of Economics

Volume 15, 2023

The Portfolio of Economic Policies Needed to Fight Climate Change

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.

Keyword(s): carbon border adjustment, carbon price, climate change, climate finance, green R&D, JEL D61, JEL F18, JEL H23, JEL Q37, JEL Q54
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/content/journals/10.1146/annurev-economics-051520-015113
2023-09-13
2024-09-17
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