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Economic incentives – useful, but not sufficient for meaningful mitigation efforts

  • Luis Mundaca
Publishing year: 2014-05-04
Language: English
Publication/Series: Klimat i Fokus (Climate in focus)
Document type: Newspaper article

Abstract english

As people and countries around the world wrestle with options to reduce greenhouse gas (GHG) emissions, mitigation efforts must accelerate faster than ever if we want to stabilize the concentration of GHG emissions at 450 ppm CO2-eq. Economic incentives for achieving this stabilisation target have received much attention. However, the effectiveness and efficiency of such measures depends on numerous determinants, including how relevant institutional frameworks can influence the economic behaviour of market agents and people in general, whose decisions and transactions are often based on imperfect information.


  • Social Sciences Interdisciplinary
  • Economic instruments
  • market-based incentives
  • transaction costs
  • climate change mitigation
  • behavioral failures
  • imperfect information


Luis Mundaca
E-mail: luis [dot] mundaca [at] iiiee [dot] lu [dot] se

International Institute for Industrial Environmental Economics (IIIEE)

Lund University P.O. Box 196, 22100 Lund, Sweden
Visiting Address: Tegnérsplatsen 4,Lund

Telephone: + 46 46 222 00 00 Fax: + 46 46 222 02 10