Luis Mundaca
Professor
Economic incentives – useful, but not sufficient for meaningful mitigation efforts
Author
Summary, in 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.
Department/s
- The International Institute for Industrial Environmental Economics
Publishing year
2014-05-04
Language
English
Publication/Series
Klimat i Fokus (Climate in focus)
Full text
Document type
Newspaper article
Topic
- Social Sciences Interdisciplinary
Keywords
- Economic instruments
- market-based incentives
- transaction costs
- climate change mitigation
- behavioral failures
- imperfect information
Status
Published