The Economics of Mitigation

Marc Chesney, Jonathan Gheyssens, Anca Claudia Pana and Luca Taschini
Additional contact information
Marc Chesney: University of Zurich
Jonathan Gheyssens: United Nations Environmental Programme Financial Initiative (UNEP FI)
Anca Claudia Pana: University of Zurich

Chapter 4 in Environmental Finance and Investments, 2016, pp 49-72 from Springer

Abstract: Abstract The concept of environmental externality refers to the materialization of a market failure: when agents conduct economic activities that engage imperfectly priced environmental assets, either as inputs (excessive consumption) or outputs (pollution), they engage in socially excessive levels of harmful activities.

Keywords: Abatement Cost; Marginal Abatement Cost; Permit Price; Solar Radiation Management; Marketable Permit (search for similar items in EconPapers)
Date: 2016
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DOI: 10.1007/978-3-662-48175-2_4

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