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Registros recuperados: 4
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Carbon Sinks and Reservoirs: The Value of Permanence and Role of Discounting AgEcon
Benitez, Pablo C.; van Kooten, G. Cornelis.
Scientists are enthusiastic about storing carbon in terrestrial sinks and geological reservoirs in order to obviate the need for lifestyle-changing reductions in fossil-fuel use. Estimating relative costs of various options depends on how permanence is assessed and whether physical carbon is discounted. We demonstrate that, in carbon markets, terrestrial sinks credits cannot be traded one-for-one for emission reduction credits and the conversion factor would depend on how long sinks keep CO2 out of the atmosphere as compared with emission reductions and, discounting physical carbon. As a result, the authority could not determine a conversion factor and the market would be required to do so.
Tipo: Working or Discussion Paper Palavras-chave: Climate change; Carbon offset; Carbon sinks; Discounting physical carbon; Environmental Economics and Policy; Resource /Energy Economics and Policy; O13; Q54.
Ano: 2005 URL: http://purl.umn.edu/37018
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CONSERVATION PAYMENTS UNDER RISK: A STOCHASTIC DOMINANCE APPROACH AgEcon
Benitez, Pablo C.; Kuosmanen, Timo; Olschewski, Roland; van Kooten, G. Cornelis.
Conservation payments can be used to preserve forest and agroforest systems in developing countries. To explain landowners' land-use decisions and determine the appropriate conservation payments, it is necessary to focus on risk associated with agricultural price and yield volatility. A theoretical framework is provided for assessing land-use allocation problems under risk and setting risk-efficient conservation payments when returns are not necessary normally distributed. Stochastic dominance rules are used to derive conditions for determining the conservation payments required to guarantee that the environmentally-preferred land use dominates, even when land uses are not considered to be mutually exclusive. An empirical application to shaded-coffee...
Tipo: Working or Discussion Paper Palavras-chave: International Development; Land Economics/Use; Resource /Energy Economics and Policy.
Ano: 2004 URL: http://purl.umn.edu/18155
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Conservation Payments under Risk: A Stochastic Dominance Approach AgEcon
Benitez, Pablo C.; Kuosmanen, Timo; Olschewski, Roland; van Kooten, G. Cornelis.
Updated version of REPA Working Paper 2004-05.
Tipo: Working or Discussion Paper Palavras-chave: Agroforest systems; Conservation payments; Land allocation; Portfolio diversification; Risk; Stochastic dominance; Environmental Economics and Policy; Land Economics/Use; Resource /Energy Economics and Policy; C73; O54; Q23; Q57; R14.
Ano: 2005 URL: http://purl.umn.edu/37024
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The Economics of Wind Power with Energy Storage AgEcon
Benitez, Pablo C.; Dragulescu, Lilianna; van Kooten, G. Cornelis.
We develop a nonlinear mathematical optimization program for investigating the economic and environmental implications of wind penetration in electrical grids and evaluating how hydropower storage could be used to offset wind power intermittence. When wind power is added to an electrical grid consisting of thermal and hydropower plants, it increases system variability and results in a need for additional peak-load, gas-fired generators. Our empirical application using load data for Alberta’s electrical grid shows that 32% wind penetration (normalized to peak demand) results in a net cost increase of $C5.20/ MWh, while 64% wind penetration could result in an increase of $12.50/MWh. Costs of reducing CO2 emissions are estimated to be $41-$56 per t CO2 . When...
Tipo: Working or Discussion Paper Palavras-chave: Renewable energy; Carbon costs; Hydropower storage; Mathematical programming; Environmental Economics and Policy; Resource /Energy Economics and Policy; Q40; Q42; Q50.
Ano: 2006 URL: http://purl.umn.edu/37029
Registros recuperados: 4
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