In this episode of Crossing Channels, Richard Westcott talks to Dr Alessio Terzi from the Bennett School of Public Policy, and Prof Christian Gollier from the Toulouse School of Economics, about what a “fair” climate transition could look like when the costs are local, the benefits are global, and the politics are hard.

They explore why decarbonisation is a whole-economy transformation, what it means for jobs and places, and why the narrative matters as much as the technology. 

The conversation also looks at carbon pricing and redistribution, the credibility problem of long-term policy, and what kinds of institutions and policies can keep people on board in the years ahead.

Season 5 Episode 4 transcript: MS Word / PDF

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For more information about the Crossing Channels podcast series and the work of the Bennett School of Public Policy and IAST visit our websites at https://www.bennettschool.cam.ac.uk/ and https://www.iast.fr/.

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With thanks to:

• Audio production by Alice Whaley
• Associate production by Burcu Sevde Selvi
• Visuals by Tiffany Naylor and Pauline Alves

More information about our guests:

Podcast guests

Prof Christian Gollier’s research spans the fields of economics of uncertainty, environmental economics, finance, consumption, insurance and cost-benefit analysis, with a particular interest in long-term sustainable effects. He is a Fellow of the Econometric Society. He founded the Jean-Jacques Laffont / Toulouse School of Economics Foundation with Jean Tirole in 2007. He was its director from 2009 to 2024 (with a hiatus in 2015-2016). From June 2023 to October 2025, he was the first director of the “Grand Etablissement TSE”.

Dr Alessio Terzi is an economist working at the intersection of academia, think-tanks, and policy. He is Assistant Professor at the Bennett School of Public Policy, Cambridge, where he also directs the MPhil in Public Policy, and is an Adjunct Professor in Economics at Sciences Po. He is a member of the World Economic Forum Global Future Council on Equitable Transition.  @terzibus.bsky.social