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Linking Reduced Deforestation and a Global Carbon Market: Impacts on Costs, Financial Flows, and Technological Innovation AgEcon
Bosetti, Valentina; Lubowski, Ruben N.; Golub, Alexander; Markandya, Anil.
Discussions over tropical deforestation are currently at the forefront of climate change policy negotiations at national, regional, and international levels. This paper analyzes the effects of linking Reduced Emissions from Deforestation and Forest Degradation (REDD) to a global market for greenhouse gas emission reductions. We supplement a global climate-energy-economy model with alternative cost estimates for reducing deforestation emissions in order to examine a global program for stabilizing greenhouse gas concentrations at 550 ppmv of CO2 equivalent. Introducing REDD reduces global forestry emissions through 2050 by 20-22% in the Brazil-only case and by 64-88% in the global REDD scenarios. At the same time, REDD lowers the total costs of the...
Tipo: Working or Discussion Paper Palavras-chave: Carbon market; Climate change; Innovation; Mitigation; Policy costs; Offsets; Reduced Emissions from Deforestation and Degradation (REDD); Technological change; Tropical deforestation; Environmental Economics and Policy; Q23; Q24; Q42; Q52; Q54; Q55.
Ano: 2009 URL: http://purl.umn.edu/52544
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