Could Paris COP21 do better? | Interview with Nobel Laureate J.Tirole

http://fsr.eui.eu Jean Tirole, Nobel Laureate and Professor of Economics at the Toulouse School of Economics explains what we can expect from COP21, the UN Climate conference taking place in Paris in December. An interview by Jean-Michel Glachant, Director of the Florence School of Regulation and Holder of the Loyola de Palacio Chair. Recorded 9 September 2015 An interview by Jean-Michel Glachant, Director of the Florence School of Regulation and Holder of the Loyola de Palacio Chair. Recorded at the Tenth Conference on The Economics of Energy and Climate Change, from the Toulouse School of Economics, Toulouse, France. http://www.tse-fr.eu/conferences/2015-tenth-conference-economics-energy-and-climate-change “promises are non-binding, so they are just promises. We have seen in the past, from Kyoto to Copenhagen, that actually the countries don’t abide by their promises.” “If you put some effort into reducing your pollution, you’re not even sure if it will have any impact” “We have to develop satellites which are going to measure the pollution of every country so you make countries accountable” “Efficiency will require that the carbon price is the same in every country of the world” “If the carbon price is not enforced in countries you need to have WTO sanctions”