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Marginal Abatement Cost, A Literature Review

Author

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  • Pedro Pablo Jimenez Gomez

    (Faculty of Social Sciences, UCAM-Catholic University of Murcia, Murcia, Spain)

Abstract

Since the 1990s, articles have widely used MAC curves to analyse the best alternatives in terms of cost-effectiveness when deciding to abate a negative externality. Most of the articles are related to CO2 abatement as the main externality to be reduced, and the main advantages and disadvantages of the MACC tool are presented in the literature review presented here. Finally, it is determined whether the curve is a definitive method for analysing and elaborating policy and business decisions or whether the tool needs to correct the methodology to increase the scientific consensus.

Suggested Citation

  • Pedro Pablo Jimenez Gomez, 2023. "Marginal Abatement Cost, A Literature Review," Cognitive Sustainability, Cognitive Sustainability Ltd., vol. 2(2), pages 13-18, June.
    • Handle: RePEc:bcy:issued:cognitivesustainability:v:2:y:2023:i:2:p:13-18
    DOI: 10.55343/CogSust.58
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    More about this item

    Keywords

    Abatement; Externality; Marginal cost; Policy-making; MACC;
    All these keywords.

    JEL classification:

    • D62 - Microeconomics - - Welfare Economics - - - Externalities

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