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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14 July 2026
A type of carbon offset project that protects forests against deforestation or degradation, and thereby earns carbon credits by reducing emissions compared...
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.
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