Data/hora: 06/06/2024 06:28:50

Provedor de dados: | 31
País: | United States
Título: | Biological Carbon Sinks: Transaction Costs and Governance
Autores: | van Kooten,   G. Cornelis.
Data: | 2008-11-28
Ano: | 2008
Palavras-chave: | Carbon sequestration; Transaction costs; Climate change; Environmental Economics and Policy; Land Economics/Use; Q54; Q23; Q42; H23; D23.
Resumo: | Activities that remove CO2 from the atmosphere and store it in forest and agricultural ecosystems can generate CO2-offset credits that can thus substitute for CO2 emissions reduction. Are biological CO2-uptake activities competitive with CO2 offsets from reduced fossil fuel use? In this paper, it is argued that transaction costs impose a formidable obstacle to direct substitution of carbon uptake offsets for emissions reduction in trading schemes, and that separate caps should be set for emissions reduction and sink-related activities. While a tax/subsidy scheme is preferred to emissions trading for incorporating biologically-generated CO2 offsets, contracts that focus on the activity and not the amount of carbon sequestered are most likely to lead to the lowest transaction costs.
Tipo: | Working or Discussion Paper
Idioma: | Inglês
Identificador: | http://purl.umn.edu/45505

Relação:

University of Victoria&gt;Resource Economics and Policy Analysis Research Group&gt;Working Papers

REPA Working Paper

2008-12

Formato: | 20