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Green CapitalA New Perspective on Growth$
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Christian de Perthuis and Pierre-André Jouvet

Print publication date: 2015

Print ISBN-13: 9780231171403

Published to Columbia Scholarship Online: May 2016

DOI: 10.7312/columbia/9780231171403.001.0001

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PRINTED FROM COLUMBIA SCHOLARSHIP ONLINE (www.columbia.universitypressscholarship.com). (c) Copyright University of Minnesota Press, 2019. All Rights Reserved. An individual user may print out a PDF of a single chapter of a monograph in CUPSO for personal use.date: 18 October 2019

Climate Change

Climate Change

The Challenges of Carbon Pricing

Chapter:
(p.122) 12 Climate Change
Source:
Green Capital
Author(s):

Christian de Perthuis

Pierre-André Jouvet

, Michael Westlake
Publisher:
Columbia University Press
DOI:10.7312/columbia/9780231171403.003.0013

This chapter presents the assessment methods available for moving from the previously constructed growth model to an understanding of the concrete conditions for the transition to a green economy. This transition is still only in its infancy, with the first moves to introduce the value of natural capital into the economy now being taken. With regard to the climate system, the value collectively attributed to its preservation is measured by the costs associated with greenhouse gas emissions, more commonly termed the “carbon price.” The methods for introducing this price into the economic system are now well known, but both nationally and internationally.

Keywords:   carbon pricing, cap and trade, Goulder, American Clean Energy and Security Act, European trading scheme, social cost of carbon

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