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Feasible climate and biodiversity policies

There is broad agreement that we must cut emissions and protect biodiversity, yet policies keep falling short. We study how to design climate and biodiversity policies that are effective, fair and politically feasible.

The world is not on track to meet its targets for reducing greenhouse gas emissions and protecting biodiversity: the goals are widely shared, but commitments remain insufficient and policies often meet political resistance. We study how to close this gap with policies that are both economically efficient and socially acceptable. We assess the effectiveness and welfare effects of mitigation policies, and we link ex-ante policy analysis with ex-post evaluation, for example on adapting to rising water levels, strengthening international environmental agreements and decarbonising transport. We also examine the double role of finance, as a lever for redirecting investment towards clean activities and as a sector exposed to climate and biodiversity risks. Finally, we investigate why implemented policies fall short of what would be socially optimal, studying lobbying, voting and party politics, and public support for environmental action.

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Environmental Economics and Natural Resources