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Carbon pricing (or CO2 pricing) is a method for governments to mitigate climate change, in which a monetary cost is applied to greenhouse gas emissions. This is done to encourage polluters to reduce fossil fuel combustion, the main driver of climate change.

A multiunit auction is an auction in which several homogeneous items are sold. The units can be sold each at the same price (a uniform price auction) or at different prices (a discriminatory price auction).

The Renewables Obligation (RO) is a market support mechanism designed to encourage generation of electricity from eligible renewable sources in the United Kingdom. There are three related schemes for the three legal jurisdictions of the UK. In April 2002 the Renewables Obligation was introduced in England and Wales,…

This Old House is an American home improvement media brand with television shows, a magazine and a website, ThisOldHouse.com. The brand is headquartered in Stamford, CT. The television series airs on the American television station Public Broadcasting Service (PBS) and follows remodeling projects of houses over a…

World food prices increased dramatically in 2007 and the first and second quarter of 2008, creating a global crisis and causing political and economic instability and social unrest in both poor and developed nations. Although the media spotlight focused on the riots that ensued in the face of high prices, the ongoing…

Carbon pricing in Canada is implemented either as a regulatory fee or as a tax levied on the carbon content of fuels at the provincial, territorial, or federal level. Provinces and territories of Canada are allowed to create their own systems of carbon pricing as long as they comply with the minimum requirements set…

A non-renewable resource (also called a finite resource) is a natural resource that cannot be readily replaced by natural means at a pace quick enough to keep up with consumption. An example is carbon-based fossil fuels.

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