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

In English

Författare

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.

Publiceringsår

2014-05-04

Språk

Engelska

Publikation/Tidskrift/Serie

Klimat i Fokus (Climate in focus)

Dokumenttyp

Tidningsartikel

Ämne

  • Social Sciences Interdisciplinary

Nyckelord

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

Status

Published