Gérard Araud
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- Milken Institute1h 0m
The Economic Implications of Climate Change
Susan Goldburg, Gérard Araud, Amy Christensen, John Cochran, Mark Tercik, John Holdren, Peter Passell, Matt Boghossian, Lawrence Bender, Mark Scotland, Michael Sterling
A diverse panel of policymakers, business leaders, and diplomats established a consensus that a uniform, revenue-neutral carbon price is the most efficient mechanism for global climate mitigation, surpassing current command-and-control regulations in promoting decentralized innovation. This framework aims to accelerate the transition to clean energy while managing security risks, with specific proposals suggesting a tax trajectory starting at $16 per ton to fund an 80% emissions reduction by 2050. The strategy leverages historical U.S.-China alignment and corporate commitments to drive the upcoming Paris Conference, emphasizing that economic incentives must be paired with nature-based adaptation and diplomatic flexibility to accommodate sovereign differences.