krisanapong detraphiphat / Getty Images An externality is a cost or benefit related to the production or consumption of a good or service that affects third parties unrelated to the production or ...

In the case of pollution—the traditional example of a negative externality—a polluter makes decisions based only on the direct cost of and profit opportunity from production and does not consider the ...

In the case of pollution—the traditional example of a negative externality—a polluter makes decisions based only on the direct cost of and profit opportunity from production and does not consider the ...

Yale SOM’s Stefano Giglio, an expert on climate finance, explains what green investing can and can’t do to help speed the transition to a post-carbon economy.