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dc.contributor.authorAnger, Nielsen
dc.contributor.authorDixon, Alistairen
dc.contributor.authorLivengood, Erichen
dc.date.accessioned2009-08-12T07:26:33Z-
dc.date.available2009-08-12T07:26:33Z-
dc.date.issued2009-
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
dc.language.isoengen
dc.publisher|aZentrum für Europäische Wirtschaftsforschung (ZEW) |cMannheimen
dc.relation.ispartofseries|aZEW Discussion Papers |x09-001en
dc.subject.jelQ58en
dc.subject.jelD61en
dc.subject.jelC60en
dc.subject.jelQ23en
dc.subject.ddc330en
dc.subject.keywordClimate Changeen
dc.subject.keywordKyoto Protocolen
dc.subject.keywordEmissions Tradingen
dc.subject.keywordDeforestationen
dc.subject.keywordREDDen
dc.subject.stwKlimaschutzen
dc.subject.stwEmissionsrechteen
dc.subject.stwAbholzungen
dc.subject.stwNaturschutzen
dc.subject.stwWirtschaftspolitische Wirkungsanalyseen
dc.subject.stwEmissionshandelen
dc.subject.stwSimulationen
dc.subject.stwWelten
dc.titleInteractions of Reduced Deforestation and the Carbon Market: The Role of Market Regulations and Future Commitments-
dc.typeWorking Paperen
dc.identifier.ppn592500098en
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen
dc.identifier.repecRePEc:zbw:zewdip:7527en

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