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| Title: | | A practical approach to offset permits in post Kyoto climate policy  |
| Authors: | | Heindl, Peter Voigt, Sebastian |
| Issue Date: | | 2011 |
| Series/Report no.: | | ZEW Discussion Papers 11-043 |
| Abstract: | | International Carbon Offsets from developing countries and emerging economies such as permits from the Clean Development Mechanism (CDM) will potentially play an important role for cost containment in domestic greenhouse gas regulation schemes in industrialised countries. We analyse the potential role of offset permits assuming that major emitters such as the USA, Canada, Japan, Australia and New Zealand install domestic greenhouse gas regulation schemes to achieve the emissions reductions pledged in the Copenhagen Accord and seek cost containment. We estimate a potential demand for offset permits of 627 to 667 MtCO2e p.a. from industrialised countries. To describe the supply structure, we derive marginal abatement cost curves for developing countries and emerging economies. We find that developing countries and emerging economies can supply 627 to 667 MtCO2e p.a. at costs of approximately EUR 10 (in 2004 EUR), neglecting transaction costs and country specific risks. The highest potentials for the generation of carbon offsets are present in China, India and the rest of Asia. |
| Subjects: | | emissions trading offsets CDM marginal abatement costs climate policy |
| JEL: | | Q52 Q58 |
| Persistent Identifier of the first edition: | | urn:nbn:de:bsz:180-madoc-31941 |
| Document Type: | | Working Paper |
| Appears in Collections: | | Publikationen von Forscherinnen und Forschern des ZEW ZEW Discussion Papers
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