Séminaire FDD-FiME // S. Houde
Sébastien Houde (Faculty of Business and Economics, HEC & University of Lausanne, Switzerland)
Title : The Moral Cost of Carbon
Abstract : We define the concept of moral cost of carbon (MCC): the internal carbon price that people implicitly apply to their consumption decisions. We argue that the MCC is a key metric for policy design. The gap between MCC and an actual carbon price tells us how much the carbon externality should be priced. It also revealed the political barriers to implementing Read more [...]
