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SEI report

Out of the Shadows: What’s Behind DEFRA’s New Approach to the Price of Carbon?

In the report SEI researchers Elizabeth A. Stanton and Frank Ackerman, examine the new approach for assigning a price to CO2 emissions developed by the UK Department for Environment Food and Rural Affairs (DEFRA).

Frank Ackerman, Elizabeth A. Stanton / Published on 2 March 2009
Citation

Stanton, E. A.; Ackerman, F. (2008). Out of the Shadows: What’s Behind DEFRA’s New Approach to the Price of Carbon?. Stanton, E.A. and F. Ackerman (2008). Out of the Shadows: What’s Behind DEFRA’s New Approach to the Price of Carbon: A report to Friends of the Earth England, Wales and Northern Ireland. Stockholm: SEI. Project report.

According to the SEI report, DEFRA’s new “shadow price” methodology takes success in greenhouse gas emissions abatement for granted and therefore results in lower carbon cost estimates.

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