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http://hdl.handle.net/10419/19207
  

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dc.contributor.authorWong-Leung, Jenny P.en_US
dc.contributor.authorDutschke, Michaelen_US
dc.date.accessioned2009-01-28T15:56:29Z-
dc.date.available2009-01-28T15:56:29Z-
dc.date.issued2003en_US
dc.identifier.urihttp://hdl.handle.net/10419/19207-
dc.description.abstractGreenhouse gas (GHG) removals by afforestation and reforestation project activities under the Kyoto Protocol?s Clean Development Mechanism (CDM) are vulnerable to a variety of risks and uncertainties, resulting in the partial or total reversal of such removals. Hence, GHG removals from these sink activities are considered to be of temporary nature and non-permanent. Specific modalities related to non-permanence will need to be developed in order to include afforestation and reforestation project activities under the CDM and for a decision on modalities to be reached at COP 9 in December 2003. Two main options on how to address non-permanence have been proposed, these being temporary credits and insurance of emission reduction credits. This paper discusses the practicality and potential difficulties of the insurance approach for addressing non-permanence of sequestered carbon stocks and the validity of CERs generated. The insurability of CERs or non-permanence is considered against common insurability criteria. The marketability of the insurance product and several technical questions in relation to developing this new market instrument are asked. In addition, inequities likely to arise if the approach is adopted as a mandatory modality are discussed.en_US
dc.language.isoengen_US
dc.relation.ispartofseriesHWWA Discussion Paper 235en_US
dc.subject.jelQ13en_US
dc.subject.jelQ25en_US
dc.subject.jelQ23en_US
dc.subject.ddc330en_US
dc.subject.keywordClean Development Mechanismen_US
dc.subject.keywordForestryen_US
dc.subject.keywordInsuranceen_US
dc.subject.keywordPermanenceen_US
dc.subject.stwKlimaschutzen_US
dc.subject.stwAufforstungen_US
dc.subject.stwKohlendioxiden_US
dc.subject.stwUmweltzertifikaten_US
dc.subject.stwVersicherungen_US
dc.subject.stwWelten_US
dc.titleCan Permanence be Insured? Consideration of some Technical and Practical Issues of Insuring Carbon Credits from Afforestation and Reforestationen_US
dc.typeWorking Paperen_US
dc.identifier.ppn365276421en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungen-
dc.identifier.repecRePEc:zbw:hwwadp:26270-
Appears in Collections:HWWA Discussion Paper, Hamburgisches Welt-Wirtschafts-Archiv

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