Lecture Kleinman Center Event

Economic, Political and Social Considerations for Universal Carbon Pricing


Christian Gollier
Professor of Economics, University of Toulouse


Howard Kunreuther
Co-Director, Wharton Risk Management and Decision Processes Center


The Energy Forum at the Kleinman Center
220 S. 34th Street
Fisher Fine Arts Building
Philadelphia, PA 19104

Event Summary

In climate matters, the free riding generated by the lack of collective action is aggravated by concerns about leakages and by the desire to receive compensation in future negotiations. The climate change global commons problem will be solved only through coherent carbon pricing. Negotiators must return to the fundamentals: the need for uniform carbon pricing across countries, for verification, and for a governance process to which countries would commit.
In this lecture, Professor Gollier will explain how an enforcement scheme based on financial and trade penalties could serve to induce all countries to participate and comply with the agreement. He will also reexamine the debate on the discount rate and on the social cost of carbon in the light of collective responsibilities towards future generations.
The lecture will be followed by a fireside chat with Professor Howard C. Kunreuther.

Christian Gollier

Director, Toulouse School of Economics
Christian Gollier is the director of the Toulouse School of Economics and the Wesley Clair Mitchell Visiting Research Professor at Columbia University. In 2015-2016 he was a visiting scholar at the Kleinman Center.

Howard Kunreuther

Co-Director, Wharton Risk Management and Decision Processes Center
Howard C. Kunreuther is the James G. Dinan Professor; Professor of Decision Sciences, Business and Public Policy at the Wharton School; and Co-Director of the Wharton Risk Management and Decision Processes Center.