Externalities of climate change and how to tackle them


Academic Paper, 2017

4 Pages, Grade: 1,0

Simon Valentin (Author)


Abstract or Introduction

In economics, negative externalities are side-effects of economic activities. They arise somewhere during the lifecycle of products or services, are not considered by the market actors but have an influence on society’s welfare. When the negative effects (social costs) that are not taken into account at the market exceed the private gain, the market outcome does not maximise society’s welfare and thus externalities are one case of market failure.

Details

Title
Externalities of climate change and how to tackle them
College
Hertie School of Governance
Course
Climate Policy
Grade
1,0
Author
Year
2017
Pages
4
Catalog Number
V386156
ISBN (eBook)
9783668603035
ISBN (Book)
9783668603042
File size
567 KB
Language
English
Keywords
Climate Policy, Externalities, climate change, GHG-emission externality, technology externalities, policy instruments, environmental policy
Quote paper
Simon Valentin (Author), 2017, Externalities of climate change and how to tackle them, Munich, GRIN Verlag, https://www.grin.com/document/386156

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