Externality/external cost/external benefit (Q575)

Subject, term, tag: Externality/external cost/external benefit

Language	Label	Description	Also known as
English	Externality/external cost/external benefit	Subject, term, tag: Externality/external cost/external benefit

Statements

Instance of

Category

source version

IPCC Glossary v1.5

1 reference

Source

https://apps.ipcc.ch/glossary/

date accessed

27 May 2026

Part of

Working Group II: Climate Change 2022 – Impacts, Adaptation and Vulnerability

0 references

Definition

Externalities arise from a human activity, when agents responsible for the activity do not take full account of the activity’s impact on others’ production and consumption possibilities, and no compensation exists for such impacts. When the impact is negative, they are external costs. When positive they are referred to as external benefits. (English)