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The Economics of Mitigation

In: Environmental Finance and Investments

Author

Listed:
  • Marc Chesney

    (University of Zurich)

  • Jonathan Gheyssens

    (United Nations Environmental Programme Financial Initiative (UNEP FI))

  • Anca Claudia Pana

    (University of Zurich)

  • Luca Taschini

    (London School of Economics and Political Sciences and Grantham Research Institute on Climate Change and the Environment)

Abstract

The concept of environmental externality refers to the materialization of a market failure: when agents conduct economic activities that engage imperfectly priced environmental assets, either as inputs (excessive consumption) or outputs (pollution), they engage in socially excessive levels of harmful activities.

Suggested Citation

  • Marc Chesney & Jonathan Gheyssens & Anca Claudia Pana & Luca Taschini, 2016. "The Economics of Mitigation," Springer Texts in Business and Economics, in: Environmental Finance and Investments, edition 2, chapter 4, pages 49-72, Springer.
    • Handle: RePEc:spr:sptchp:978-3-662-48175-2_4
    DOI: 10.1007/978-3-662-48175-2_4
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    Cited by:

    1. Wang, Xu & Zhang, Xiao-Bing & Zhu, Lei, 2019. "Imperfect market, emissions trading scheme, and technology adoption: A case study of an energy-intensive sector," Energy Economics, Elsevier, vol. 81(C), pages 142-158.

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