Economics, Econometrics and Finance
4 years ago

Unlocking Social Value of Mitigation Activities to Drive Climate Action

HAL (Le Centre pour la Communication Scientifique Directe)
Social Value of Mitigation Action, an anchor for new forms of carbon pricing?
Étienne Espagne, Jean-Charles Hourcade, Emílio Lèbre La Rovere, Baptiste Perrissin-Fabert, Antonin Pottier, P.R. Shukla

Paper Summary

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The article discusses how carbon pricing can help fight climate change, but it's not being implemented consistently worldwide. This leads to challenges in meeting climate goals. The researchers suggest using social value of mitigation actions to complement carbon pricing, which can help address the gaps and make climate policies more effective.