FEEM-ICCG Global Climate Forum parallel session "On the macroeconomic opportunity of climate policy"
09:00 - 18:00
UPMC (Université Pierre et Marie Curie)
4 place Jussieu
75005 Paris, France
Thursday, 9 July 2015 - h. 15.00-16.30
On July 9 2015, FEEM, ICCG and Global Climate Forum (GCF) are jointly organizing a parallel session "On the macroeconomic opportunity of climate policy" that will be held in the framework of the International Conference on "Our Common Future under Climate Change" that will be held in Paris on 7-10 July 2015. The parallel session will be introduced by Professor Carlo Carraro (FEEM), followed by presentations by keynote speakers O. Edenhofer (PIK), S. Wolf (GCF), F. Bosello (University of Milan), contributions by C. Dumisani (Seeds of Opportunity) and E. Combet, (CIRED), and final wrap-up by C. Jaeger (GCF).
Chair: Prof. Carlo Carraro, Fondazione Eni Enrico Mattei and International Center for Climate Governance
Co-chair: Carlo Jaeger, Global Climate Forum
- O. Edenhofer: Why finance ministers might favor carbon taxes, even if they do not believe in climate change
- S. Wolf: Modelling the macroeconomic opportunity of climate policy
- F. Bosello: Climate change and adaptation. A new opportunity for public debt relief?
- C. Dumisani: Managing Climate Change Risks and Vulnerabilities: A Microfinance and Climate Finance Perspective
- E. Combet: Carbon Tax, Pensions and Deficits
Wrap-up by C. Jaeger (co-chair)
- Sarah Wolf, Global Climate Forum
- Isabella Alloisio, Fondazione Eni Enrico Mattei and International Center for Climate Governance
So far, climate policy is mostly seen as causing a reduction in consumption and growth. However, it is possible to design mitigation and adaptation policy in a way that benefits macroeconomic conditions such as GDP growth, employment, public budgets balance, etc.
This session explores how one can make climate policy an opportunity. It aims at answering the following questions: how can climate policy stimulate the necessary investments for a low carbon transformation of the economy (renewable energy supply, efficiency in buildings, transport & industry, IT, education, etc)? How can it anticipate future adaptation needs? How can one achieve a low carbon economy and at the same time ensure social and economic goals like employment and growth? And what are the instruments needed for analysing these questions?