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Effects of Low-cost Offsets on Energy Investment – New Perspectives on REDD – AgEcon
Golub, Alexander; Fuss, Sabine; Szolgayova, Jana; Obersteiner, Michael.
Tropical deforestation is one of the major sources of carbon emissions, but the Kyoto Protocol presently excludes avoiding these specific emissions to fulfill stabilization targets. Since the 13th Conference of the Parties (COP) to the UNFCCC in 2007, where the need for policy incentives for the reduction of emissions from deforestation and degradation (REDD) was first officially recognized, the focus of this debate has shifted to issues of implementation and methodology. One question is how REDD would be financed, which could be solved by integrating REDD credits into existing carbon markets. However, concern has been voiced regarding the effects that the availability of cheap REDD credits might have on energy investments and the development of clean...
Tipo: Working or Discussion Paper Palavras-chave: Real Options; Energy Investment; Cap-And-Trade; REDD; Environmental Economics and Policy; Q23; Q28.
Ano: 2009 URL: http://purl.umn.edu/50402
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