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

Research output: Contribution to specialist publication or newspaperNewspaper article

Abstract

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.

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Subject classification (UKÄ) – MANDATORY

  • Social Sciences Interdisciplinary

Keywords

  • Economic instruments, market-based incentives, transaction costs, climate change mitigation, behavioral failures, imperfect information
Original languageEnglish
Specialist publication or newspaperKlimat i Fokus (Climate in focus)
Publication statusPublished - 2014 May 4
Publication categoryPopular science

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