Positive Externalities: Carrots As Well As Sticks For The Carbon Era

Putting a price on carbon is only the beginning.

• With prices on Europe’s emissions trading scheme topping $100 a ton and rising on other markets as well, the cost of carbon emissions and the value of avoiding or sequestering it are affecting corporate balance sheets, technology investments, financing for conservation and agriculture, and more.

• A model for “carbon quantitative easing” developed by Australian engineer Delton Chen proposes to finance global decarbonization by valuing – and rewarding – the “positive externalities” of emissions reduction without exacting such a cost on the economy, indeed without the public bearing the cost at all.

Source: https://impactalpha.com/positive-externalities-carrots-as-well-as-sticks-for-the-carbon-era/