Climate and Environmental Economics: Difference between revisions

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===[[Carbon pricing]] ===
===[[Carbon pricing]] ===
Pricing greenhouse gas emissions internalizes the external costs of these emissions to society, which are not otherwise reflected in the market price of goods and services. Carbon price can be implemented through a carbon tax or a cap-and-trade policy.
Pricing greenhouse gas emissions internalizes the external costs of these emissions to society, which are not otherwise reflected in the market price of goods and services. Carbon price can be implemented through a carbon tax or a cap-and-trade policy.



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== Background Readings ==
== Background Readings ==