CLIMATE

Getting Real About A European Green Deal

By Carlo Jaeger and Sarah Wolf, Global Climate Forum, Potsdam University, presented at the Paris New Paradigm Initiative Workshop.

BY

MARC ADAM

PUBLISHED

1. NOVEMBER 2019

READING TIME

1 MIN

Jaeger and Wolf argue that to boost growth, employment and productivity while decarbonizing the economy, it is essential to embed any short-term green stimulus into a narrative of green growth, backed by credible long-term measures.

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During the high point of market orthodoxy, economists argued that the most 'efficient' way to combat climate change was to simply let markets determine the price of carbon emissions. Today, there is a growing consensus that prices need to be regulated and that a carbon price on its own might not be enough.

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