Carbon Markets and Pricing Mechanisms (Finance)
Carbon Markets and Pricing Mechanisms (Finance)pricing mechanisms such as carbon pollution reduction schemes (CPRS) (also known as cap and trade and emissions trading schemes -ETS), with other solutions such as carbon fines and carbon taxes. CPRS is a market-based approach used to control pollution by roviding economic incentives for achieving reductions in the emissions of pollutants, in which the price mechanism (the invisible hand) directs investment into pollution reduction schemes. Governmental fines and taxes can also be used where the government sets the price of a carbon credit via a tax, and directs revenues received towards specified pollution reduction schemes.
This course will compare and contrast complementary and competitive carbon