The Marginal Abatement Cost Curve (MACC) is a crucial tool in climate policy analysis, providing insights into the cost-effectiveness of various measures to reduce greenhouse gas emissions. It illustrates the incremental costs associated with reducing emissions by different amounts, allowing policymakers to identify the most efficient strategies for achieving environmental targets. The curve typically displays a range of abatement options on the horizontal axis, while the vertical axis represents the cost per ton of CO2 equivalent reduced. This visual representation helps stakeholders make informed decisions regarding investments in abatement technologies and policies, maximizing environmental benefits while minimizing economic impacts.
Srdjan Spremo | 2024