Emissions pricing

Jorge H. Garcia and Thomas Sterner

Chapter 30 in Elgar Encyclopedia of Energy Economics, 2025, pp 119-123 from Edward Elgar Publishing

Abstract: Emissions pricing is a regulatory instrument that imposes a cost on emissions that are harmful to the natural environmental and humans. It is a flexible instrument in that it allows agents operating in a market context to decide how to abate their emissions and which technologies to pursue. It is an economic incentive for emitters and upstream and downstream economic agents to move away from emissions-intensive activities to low-emissions activities, emissions-free activities or negative-emissions activities. A notable application of emissions pricing, and one that is the focus of this entry, is climate change. Economists argue that the pricing of greenhouse gases (GHGs), including carbon dioxide (CO2), methane (CH4) and nitrous oxide (N2O), represents the most powerful and efficient way to mitigate climate change.

Keywords: CO2 Emissions; Pricing; Pigou; Abatement (search for similar items in EconPapers)
Date: 2025
ISBN: 9781035310364
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