For Jean Tirole, without proactive carbon pricing, the climate transition is off to a bad start

In politics, action is often more expensive than inaction. The change calls into question established positions, the benefits intervene in the medium term, and complex subjects call for answers that are neither unequivocal nor simplistic and therefore difficult to “sell”. On the other hand, inaction handicaps society as a whole in the medium term. It is with this observation in mind that the economists Pascal Blanchard and Jean Tirole established and formulated solutions to the major economic challenges as requested by the President of the Republic. Their commission tackled three challenges: climate change, the aging of the population, inequalities: “they have in common that the effects of political procrastination are delayed over time”, explained Jean Tirole. Deferred but no less serious.

Source: UsineNouvelle – Actualit├ęs A la une by

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