In the context of economics, an externality is a consequence of a business or industrial activity that affects third parties but which is not reflected in market prices. A ‘negative externality’ is when those consequences cause harm, for example the damage caused by a changing climate, driven by the CO2 released from the combustion of fossil fuels, or the damage to human health caused by local air pollutants released from combustion processes.
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30 June 2026
On 15th July the European Commission will present its proposals for overhauling the EU Emissions Trading System (EU ETS), the most significant regulatory event since the ‘Fit-for-55’ package was launched in...
25 June 2026
Explore how ‘standards’ establish thresholds and benchmarks that help to measure CO2 reductions, avoidances or removals achieved by carbon projects, produced in collaboration with Verra.
11 June 2026
Nationally Determined Contributions: the national targets to reduce greenhouse gas emissions submitted by each country voluntarily under the Paris Agreement.
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