The fact of existing outside the perceiving subject. This economic phenomenon can be categorized as positive or negative when, in the price of the good placed on the market, the social gains and losses resulting from its production or consumption, respectively, are not included. Externality means a market failure, in the sense that the product put on the market does not have a price that contains all of the gains or losses resulting from its production.
Permanence
Permanence
Time at which carbon stored by sequestration remains in a carbon pool without being rereleased. Only permanent carbon pools are acceptable for climate policy purposes.