Emissions of greenhouse gas constitute an externality, meaning that the person who causes the gas to be emitted does not bear this cost.

Question

Quizplus · Accepted Answer

This is because the costs associated with emissions, such as climate change and its associated impacts, are not directly borne by the person or company responsible for the emissions. Instead, these costs are often paid by society as a whole or future generations.

Emissions of Greenhouse Gas Constitute an Externality, Meaning That the Person