Evaluating Temporary Certified Emission Reductions in Reforestation and Afforestation Programs |
| |
Authors: | Gregmar I Galinato Shinsuke Uchida |
| |
Institution: | (1) Department of International Studies, Glendon College, York University, 2275 Bayview Avenue, Toronto, ON, M4N 3M6, Canada;(2) World Vision Australia, 1 Vision Drive, East Burwood, VIC, 3151, Australia;(3) World Vision Ethiopia, Amce Bole Road, Addis Abeba, Ethiopia |
| |
Abstract: | This article investigates the efficiency of the temporary certified emission reductions (tCERs) system that attempts to internalize
the carbon sequestration function of the forest under the Clean Development Mechanism of the Kyoto Protocol. We find that
the regulations creating tCERs partially internalize the carbon sequestration function of the forest. The amount of carbon
re-released into the atmosphere, due to timber harvest, and sequestered, after the project period, is not internalized in
the private landowner’s decision, which induces shorter rotation intervals than socially optimal. Furthermore, the carbon
sequestered during the project is over-credited because credits are counted based on accumulated carbon instead of marginally
sequestered carbon, which induces longer rotations intervals. Simulation results for the Philippines and Tanzania show that
the difference in social welfare between the tCERs system and a socially optimal policy is only about 2% because of the countervailing
effect of the inefficiencies on rotation interval choices. |
| |
Keywords: | |
本文献已被 SpringerLink 等数据库收录! |
|