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.
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).
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.
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