Title Carbon shadow pricing: a two-decade review of key drivers and implications /
Authors Kamali Saraji, Mahyar ; Štreimikienė, Dalia ; Baležentis, Tomas
DOI 10.1108/MEQ-01-2025-0039
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Is Part of Management of environmental quality.. Bingley : Emerald. 2025, first published online, p. [1-21].. ISSN 1477-7835. eISSN 1758-6119
Keywords [eng] carbon shadow price ; low-carbon energy transition ; emission reduction ; PRISMA ; sustainability
Abstract [eng] Purpose – Global warming and climate change have recently become the most challenging environmental issues, mainly caused by greenhouse gas emissions, especially CO2. As a result, studying and estimating the shadow price of carbon has also become an important research topic. Design/methodology/approach – In this context, the present study conducted a systematic literature review on the drivers of the carbon shadow price (CSP) over the past two decades, from 2005 to 2025. The present research classifies and synthesizes findings from 43 peer-reviewed publications across industrial, agricultural and urban sectors using the PSALAR protocol. Findings – Key drivers include technological advancements, economic development, regulatory frameworks, energy structures and regional disparities. Originality/value – An inclusive driver framework is developed to classify CSP drivers, assisting policymakers in optimizing carbon management strategies toward sustainable development.
Published Bingley : Emerald
Type Journal article
Language English
Publication date 2025
CC license CC license description