“The main obstacle to the transition is knowing who should pay” | EUROtoday

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Fanny Henriet, research director at the CNRS and the Aix Marseille School of Economics laboratory.

Fanny Henriet, 38 years previous, is among the three nominated, aside from the winner Alexandra Roulet, for the Best Young Economist Prize 2024. Bringing collectively representatives from the Cercle des Economistes and Le Monde, the jury highlights the work of researchers throughout the utilized economics and selling public debate.

Why did you flip to economics?

My father was an economics professor, so the self-discipline was acquainted to me. As a baby and teenager, I heard about two issues: the opening within the ozone layer and local weather change. We discovered an answer to the primary downside, however the second appeared inexorable.

At Polytechnique, it was environmental economics that motivated me. The science of local weather change was already well-known, as have been the technical options to take care of warming. It appeared to me that what was lacking was information of collective modes of motion and public insurance policies to behave. And because the overwhelming majority of greenhouse gasoline emissions come from the combustion of fossil fuels, I’ve targeted my work on the power transition.

What are the principle axes of your analysis?

The first issues fossil fuels, and what the transition entails for these energies. And particularly: what fossil sources should stay underground? If we burn all of the oil we’ve, we are going to exceed the carbon price range that will enable us to respect the Paris local weather settlement. We ought to, for instance, now not extract oil in Canada, the place it is extremely costly and really polluting, whereas we may proceed to extract just a little in Kuwait, the place it’s much less polluting and cheaper. But refusing to take advantage of sources would have important repercussions for nations, significantly financial ones. States can declare compensation for this.

This is a significant topic within the context of local weather negotiations. The query of who ought to pay for the combat towards international warming is the principle impediment to the transition.

Which makes the hyperlink along with your second line of analysis…

I’m additionally excited about what optimum taxation could possibly be on the scale of a rustic. We have clearly seen that the distributive affect of environmental rules, which create winners and losers, is a determinant of anger towards these local weather insurance policies. The “yellow vests” are a great instance. I’m due to this fact finding out how we may implement a carbon tax however with redistribution measures, by evaluating find out how to compensate the bottom households when it comes to revenue, find out how to bear in mind the variations in way of life linked to the place the place we dwell… Looking at these distributive results is essential each on the nationwide and worldwide stage.

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