Economics of climate change: context and concepts related to mitigation
Journal Article
2009
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Energy Research Centre, University of Cape Town.
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University of Cape Town
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Abstract
Climate change is increasingly seen as not only an environmental issue, but a deeply economic one. ‘Climate change presents a unique challenge for economics: it is the greatest and widest ranging market failure ever seen’ (Stern Review 2006). Markets are failing to put a price on the emissions of greenhouse gases, passing the costs on to society as a whole.
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Winkler, H; Marquard, A; Tyler, E; Visser, M & Brick, K (2009) Economics of climate change: context and concepts related to mitigation. Cape Town, Energy Research Centre.