EconStor >
Zentrum für Europäische Wirtschaftsforschung (ZEW), Mannheim >
ZEW Discussion Papers >

Please use this identifier to cite or link to this item:

http://hdl.handle.net/10419/27620
  

Full metadata record

DC FieldValueLanguage
dc.contributor.authorAnger, Nielsen_US
dc.contributor.authorDixon, Alistairen_US
dc.contributor.authorLivengood, Erichen_US
dc.date.accessioned2009-08-12T07:26:33Z-
dc.date.available2009-08-12T07:26:33Z-
dc.date.issued2009en_US
dc.identifier.urihttp://hdl.handle.net/10419/27620-
dc.description.abstractReducing emissions from deforestation and degradation (REDD) has been proposed as a potentially inexpensive and plentiful source of emission abatement to supplement other longterm climate policies. However, critics doubt that REDD credits are environmentally equivalent to domestic emission reductions, and suggest an excess supply may disrupt carbon markets. In this context, we investigate the economic implications of emissions market regulations and future emissions reduction commitments, as well as uncertainties in REDD credit supply. Numerical simulations with a multi-country equilibrium model of the global emissions market show unrestricted exchange of REDD units reduces the international carbon price by half and cuts Annex I compliance costs by roughly one third. Restricting supply or demand of REDD credits reduces price impacts, but comes at the cost of economic efficiency. Alternatively, Annex I reduction commitments could be increased by almost two thirds at constant carbon prices. While REDD provides large economic benefits for tropical rainforest regions, any REDD policy scenario also reduces wealth transfers to traditional CDM host countries through increased competition on the supply-side of the carbon market.en_US
dc.language.isoengen_US
dc.publisherZentrum für Europäische Wirtschaftsforschung (ZEW) Mannheimen_US
dc.relation.ispartofseriesZEW Discussion Papers 09-001en_US
dc.subject.jelQ58en_US
dc.subject.jelD61en_US
dc.subject.jelC60en_US
dc.subject.jelQ23en_US
dc.subject.ddc330en_US
dc.subject.keywordClimate Changeen_US
dc.subject.keywordKyoto Protocolen_US
dc.subject.keywordEmissions Tradingen_US
dc.subject.keywordDeforestationen_US
dc.subject.keywordREDDen_US
dc.subject.stwKlimaschutzen_US
dc.subject.stwEmissionsrechteen_US
dc.subject.stwAbholzungen_US
dc.subject.stwNaturschutzen_US
dc.subject.stwWirtschaftspolitische Wirkungsanalyseen_US
dc.subject.stwEmissionshandelen_US
dc.subject.stwSimulationen_US
dc.subject.stwWelten_US
dc.titleInteractions of Reduced Deforestation and the Carbon Market: The Role of Market Regulations and Future Commitmentsen_US
dc.typeWorking Paperen_US
dc.identifier.ppn592500098en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungen-
dc.identifier.repecRePEc:zbw:zewdip:7527-
Appears in Collections:ZEW Discussion Papers
Publikationen von Forscherinnen und Forschern des ZEW

Files in This Item:
File Description SizeFormat
dp09001.pdf326.26 kBAdobe PDF
No. of Downloads: Counter Stats
Show simple item record
Download bibliographical data as: BibTeX

Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.