| Registro completo |
| Provedor de dados: |
AgEcon
|
| País: |
United States
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| Título: |
Biological Carbon Sinks: Transaction Costs and Governance
|
| Autores: |
van Kooten, G. Cornelis
|
| Data: |
2008-11-28
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| 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.
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| Tipo: |
Working or Discussion Paper
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| Idioma: |
Inglês
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| Identificador: |
http://purl.umn.edu/45505
|
| Relação: |
University of Victoria>Resource Economics and Policy Analysis Research Group>Working Papers
REPA Working Paper
2008-12
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| Formato: |
20
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