Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/19207 
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dc.contributor.authorWong-Leung, Jenny P.en
dc.contributor.authorDutschke, Michaelen
dc.date.accessioned2009-01-28T15:56:29Z-
dc.date.available2009-01-28T15:56:29Z-
dc.date.issued2003-
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
dc.language.isoengen
dc.publisher|aHamburg Institute of International Economics (HWWA) |cHamburgen
dc.relation.ispartofseries|aHWWA Discussion Paper |x235en
dc.subject.jelQ13en
dc.subject.jelQ25en
dc.subject.jelQ23en
dc.subject.ddc330en
dc.subject.keywordClean Development Mechanismen
dc.subject.keywordForestryen
dc.subject.keywordInsuranceen
dc.subject.keywordPermanenceen
dc.subject.stwKlimaschutzen
dc.subject.stwAufforstungen
dc.subject.stwKohlendioxiden
dc.subject.stwUmweltzertifikaten
dc.subject.stwVersicherungen
dc.subject.stwWelten
dc.titleCan Permanence be Insured? Consideration of some Technical and Practical Issues of Insuring Carbon Credits from Afforestation and Reforestation-
dc.typeWorking Paperen
dc.identifier.ppn367168278en
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen
dc.identifier.repecRePEc:zbw:hwwadp:26270en

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