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http://hdl.handle.net/10419/19262
  

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dc.contributor.authorDutschke, Michaelen_US
dc.contributor.authorSchlamadinger, Bernharden_US
dc.contributor.authorWong-Leung, Jenny P.en_US
dc.contributor.authorRumberg, Michaelen_US
dc.date.accessioned2009-01-28T15:56:53Z-
dc.date.available2009-01-28T15:56:53Z-
dc.date.issued2004en_US
dc.identifier.urihttp://hdl.handle.net/10419/19262-
dc.description.abstractThe Milan conference of the UN Framework Convention on Climate Change has established two types of emission offsets under the Clean Development Mechanism (CDM), valid for afforestation and reforestation activities. In order to account for the non-permanent nature of carbon storage in forests, these credits expire after a predefined periods, after which the buyer needs to replace them. The present article assesses their market value in relation to ?permanent? credits, identifies their specific risks and proposes how to mitigate and manage them. It analyzes strengths and weaknesses of expiring credits for sellers and buyers. Taking the example of the EU emissions trading system, the authors discuss how expiring credits could reach fungibility with permanent emission allowances on domestic markets.en_US
dc.language.isoengen_US
dc.relation.ispartofseriesHWWA Discussion Paper 290en_US
dc.subject.jelQ13en_US
dc.subject.jelQ25en_US
dc.subject.jelQ23en_US
dc.subject.ddc330en_US
dc.subject.keywordCDMen_US
dc.subject.keywordafforestationen_US
dc.subject.keywordreforestationen_US
dc.subject.keywordpermanenceen_US
dc.subject.keywordinsuranceen_US
dc.subject.keywordlCERen_US
dc.subject.keywordtCERen_US
dc.subject.stwKlimaschutzen_US
dc.subject.stwClean Development Mechanismen_US
dc.subject.stwAufforstungen_US
dc.subject.stwEmissionsrechteen_US
dc.subject.stwLaufzeiten_US
dc.subject.stwTheorieen_US
dc.subject.stwDeutschlanden_US
dc.titleValue and Risks of Expiring Carbon Credits from CDM Afforestation and Reforestationen_US
dc.typeWorking Paperen_US
dc.identifier.ppn392953250en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungen-
dc.identifier.repecRePEc:zbw:hwwadp:26347-
Appears in Collections:HWWA Discussion Paper, Hamburgisches Welt-Wirtschafts-Archiv

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