Carbon Offsets with Endogenous Environmental Policy

Interests in obtaining carbon offsets in host countries for Clean Development Mechanism projects may serve as an obstacle to implementing more stringent general environmental policies in the same countries. A relatively lax environmental policy, wh...

Full description

Bibliographic Details
Main Author:	Strand, Jon
Format:	Policy Research Working Paper
Language:	English
Published:	2012
Subjects:	APPROACH AVAILABILITY BARREL OF OIL CARBON CARBON CAPTURE CARBON CONTENT CARBON EMISSIONS CARBON EMISSIONS FROM FOSSIL CARBON MARKET CARBON NEUTRAL CARBON OFFSETS CARBON TAX CARBON TAXES CLEAN DEVELOPMENT MECHANISM CLIMATE CLIMATE CHANGE CLIMATE CHANGE MITIGATION CLIMATE POLICY CO2 COAL CONSUMPTION OF FOSSIL DECISION MAKING ECONOMICS ECONOMICS OF CLIMATE CHANGE ELECTRICITY ELECTRICITY SECTOR EMISSIONS PROFILE EMISSIONS REDUCTIONS EMISSIONS RIGHTS EMISSIONS TAXES EMPIRICAL EVIDENCE ENERGY CONSUMPTION ENERGY CONSUMPTION LEVELS ENERGY CONVERSION ENERGY ECONOMICS ENERGY POLICIES ENERGY POLICY ENERGY PRICE ENERGY PRODUCTION ENERGY USE ENVIRONMENTAL ENVIRONMENTAL DAMAGE ENVIRONMENTAL DAMAGES ENVIRONMENTAL IMPACT ENVIRONMENTAL POLICIES ENVIRONMENTAL POLICY ENVIRONMENTAL TAX ENVIRONMENTAL TAXES EXTERNALITIES FINANCIAL SUPPORT FOSSIL ENERGY FOSSIL ENERGY USE FOSSIL FUEL FOSSIL FUEL CONSUMPTION FOSSIL FUEL USE FOSSIL FUELS FUEL CONSUMPTION FUEL PRICE FUEL PRODUCTION GHG GHGS GLOBAL CARBON EMISSIONS GLOBAL EMISSIONS GREENHOUSE GREENHOUSE GAS GREENHOUSE GAS EMISSIONS GREENHOUSE GAS EMISSIONS REDUCTION MARGINAL UTILITY OFFSET PRICE OFFSET PRICES OFFSET PROJECTS OIL OIL PRICE PERMIT TRADING PERVERSE INCENTIVES POLICY ENVIRONMENT POLICY RESPONSE POLLUTION QUOTA PRICES QUOTAS REDUCTION IN CARBON REDUCTION IN EMISSIONS RENEWABLE ENERGY RENEWABLE ENERGY CONSUMPTION RENEWABLE ENERGY PRODUCTION RENEWABLE ENERGY SOURCES RENEWABLE ENERGY TECHNOLOGY RENEWABLE SOURCE SOCIAL COST OF CARBON SOLAR POWER SUSTAINABLE DEVELOPMENT TAX RATES TAX REVENUE TECHNOLOGICAL CHANGE TRADABLE PERMIT VEHICLES WIND WIND POWER
Online Access:	http://www-wds.worldbank.org/external/default/main?menuPK=64187510&pagePK=64193027&piPK=64187937&theSitePK=523679&menuPK=64187510&searchMenuPK=64187283&siteName=WDS&entityID=000158349_20100507104204 http://hdl.handle.net/10986/3782

id	okr-10986-3782
recordtype	oai_dc
spelling	okr-10986-37822021-04-23T14:02:12Z Carbon Offsets with Endogenous Environmental Policy Strand, Jon APPROACH AVAILABILITY BARREL OF OIL CARBON CARBON CAPTURE CARBON CONTENT CARBON EMISSIONS CARBON EMISSIONS FROM FOSSIL CARBON MARKET CARBON NEUTRAL CARBON OFFSETS CARBON TAX CARBON TAXES CLEAN DEVELOPMENT MECHANISM CLIMATE CLIMATE CHANGE CLIMATE CHANGE MITIGATION CLIMATE POLICY CO2 COAL CONSUMPTION OF FOSSIL DECISION MAKING ECONOMICS ECONOMICS OF CLIMATE CHANGE ELECTRICITY ELECTRICITY SECTOR EMISSIONS PROFILE EMISSIONS REDUCTIONS EMISSIONS RIGHTS EMISSIONS TAXES EMPIRICAL EVIDENCE ENERGY CONSUMPTION ENERGY CONSUMPTION LEVELS ENERGY CONVERSION ENERGY ECONOMICS ENERGY POLICIES ENERGY POLICY ENERGY PRICE ENERGY PRODUCTION ENERGY USE ENVIRONMENTAL ENVIRONMENTAL DAMAGE ENVIRONMENTAL DAMAGES ENVIRONMENTAL IMPACT ENVIRONMENTAL POLICIES ENVIRONMENTAL POLICY ENVIRONMENTAL TAX ENVIRONMENTAL TAXES EXTERNALITIES FINANCIAL SUPPORT FOSSIL ENERGY FOSSIL ENERGY USE FOSSIL FUEL FOSSIL FUEL CONSUMPTION FOSSIL FUEL USE FOSSIL FUELS FUEL CONSUMPTION FUEL PRICE FUEL PRODUCTION GHG GHGS GLOBAL CARBON EMISSIONS GLOBAL EMISSIONS GREENHOUSE GREENHOUSE GAS GREENHOUSE GAS EMISSIONS GREENHOUSE GAS EMISSIONS REDUCTION MARGINAL UTILITY OFFSET PRICE OFFSET PRICES OFFSET PROJECTS OIL OIL PRICE PERMIT TRADING PERVERSE INCENTIVES POLICY ENVIRONMENT POLICY RESPONSE POLLUTION QUOTA PRICES QUOTAS REDUCTION IN CARBON REDUCTION IN EMISSIONS RENEWABLE ENERGY RENEWABLE ENERGY CONSUMPTION RENEWABLE ENERGY PRODUCTION RENEWABLE ENERGY SOURCES RENEWABLE ENERGY TECHNOLOGY RENEWABLE SOURCE SOCIAL COST OF CARBON SOLAR POWER SUSTAINABLE DEVELOPMENT TAX RATES TAX REVENUE TECHNOLOGICAL CHANGE TRADABLE PERMIT VEHICLES WIND WIND POWER Interests in obtaining carbon offsets in host countries for Clean Development Mechanism projects may serve as an obstacle to implementing more stringent general environmental policies in the same countries. A relatively lax environmental policy, whereby carbon emissions remain high, can be advantageous for such countries as it leaves them with a higher than otherwise scope for future emissions reductions through Clean Development Mechanism and other offset projects. In this note, the potential to affect the availability of future Clean Development Mechanism projects is shown to distort environmental and energy policies of Clean Development Mechanism host countries in two ways. Measures to reduce use of fossil energy are weakened. Because this weakens private sector incentives to switch to lower-carbon technology through Clean Development Mechanism projects, host governments then also find it attractive to subsidize this switch, in order to maximize the country s advantage from the Clean Development Mechanism. 2012-03-19T18:39:43Z 2012-03-19T18:39:43Z 2010-05-01 http://www-wds.worldbank.org/external/default/main?menuPK=64187510&pagePK=64193027&piPK=64187937&theSitePK=523679&menuPK=64187510&searchMenuPK=64187283&siteName=WDS&entityID=000158349_20100507104204 http://hdl.handle.net/10986/3782 English Policy Research working paper ; no. WPS 5296 CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank Publications & Research :: Policy Research Working Paper The World Region The World Region
repository_type	Digital Repository
institution_category	Foreign Institution
institution	Digital Repositories
building	World Bank Open Knowledge Repository
collection	World Bank
language	English
topic	APPROACH AVAILABILITY BARREL OF OIL CARBON CARBON CAPTURE CARBON CONTENT CARBON EMISSIONS CARBON EMISSIONS FROM FOSSIL CARBON MARKET CARBON NEUTRAL CARBON OFFSETS CARBON TAX CARBON TAXES CLEAN DEVELOPMENT MECHANISM CLIMATE CLIMATE CHANGE CLIMATE CHANGE MITIGATION CLIMATE POLICY CO2 COAL CONSUMPTION OF FOSSIL DECISION MAKING ECONOMICS ECONOMICS OF CLIMATE CHANGE ELECTRICITY ELECTRICITY SECTOR EMISSIONS PROFILE EMISSIONS REDUCTIONS EMISSIONS RIGHTS EMISSIONS TAXES EMPIRICAL EVIDENCE ENERGY CONSUMPTION ENERGY CONSUMPTION LEVELS ENERGY CONVERSION ENERGY ECONOMICS ENERGY POLICIES ENERGY POLICY ENERGY PRICE ENERGY PRODUCTION ENERGY USE ENVIRONMENTAL ENVIRONMENTAL DAMAGE ENVIRONMENTAL DAMAGES ENVIRONMENTAL IMPACT ENVIRONMENTAL POLICIES ENVIRONMENTAL POLICY ENVIRONMENTAL TAX ENVIRONMENTAL TAXES EXTERNALITIES FINANCIAL SUPPORT FOSSIL ENERGY FOSSIL ENERGY USE FOSSIL FUEL FOSSIL FUEL CONSUMPTION FOSSIL FUEL USE FOSSIL FUELS FUEL CONSUMPTION FUEL PRICE FUEL PRODUCTION GHG GHGS GLOBAL CARBON EMISSIONS GLOBAL EMISSIONS GREENHOUSE GREENHOUSE GAS GREENHOUSE GAS EMISSIONS GREENHOUSE GAS EMISSIONS REDUCTION MARGINAL UTILITY OFFSET PRICE OFFSET PRICES OFFSET PROJECTS OIL OIL PRICE PERMIT TRADING PERVERSE INCENTIVES POLICY ENVIRONMENT POLICY RESPONSE POLLUTION QUOTA PRICES QUOTAS REDUCTION IN CARBON REDUCTION IN EMISSIONS RENEWABLE ENERGY RENEWABLE ENERGY CONSUMPTION RENEWABLE ENERGY PRODUCTION RENEWABLE ENERGY SOURCES RENEWABLE ENERGY TECHNOLOGY RENEWABLE SOURCE SOCIAL COST OF CARBON SOLAR POWER SUSTAINABLE DEVELOPMENT TAX RATES TAX REVENUE TECHNOLOGICAL CHANGE TRADABLE PERMIT VEHICLES WIND WIND POWER
spellingShingle	APPROACH AVAILABILITY BARREL OF OIL CARBON CARBON CAPTURE CARBON CONTENT CARBON EMISSIONS CARBON EMISSIONS FROM FOSSIL CARBON MARKET CARBON NEUTRAL CARBON OFFSETS CARBON TAX CARBON TAXES CLEAN DEVELOPMENT MECHANISM CLIMATE CLIMATE CHANGE CLIMATE CHANGE MITIGATION CLIMATE POLICY CO2 COAL CONSUMPTION OF FOSSIL DECISION MAKING ECONOMICS ECONOMICS OF CLIMATE CHANGE ELECTRICITY ELECTRICITY SECTOR EMISSIONS PROFILE EMISSIONS REDUCTIONS EMISSIONS RIGHTS EMISSIONS TAXES EMPIRICAL EVIDENCE ENERGY CONSUMPTION ENERGY CONSUMPTION LEVELS ENERGY CONVERSION ENERGY ECONOMICS ENERGY POLICIES ENERGY POLICY ENERGY PRICE ENERGY PRODUCTION ENERGY USE ENVIRONMENTAL ENVIRONMENTAL DAMAGE ENVIRONMENTAL DAMAGES ENVIRONMENTAL IMPACT ENVIRONMENTAL POLICIES ENVIRONMENTAL POLICY ENVIRONMENTAL TAX ENVIRONMENTAL TAXES EXTERNALITIES FINANCIAL SUPPORT FOSSIL ENERGY FOSSIL ENERGY USE FOSSIL FUEL FOSSIL FUEL CONSUMPTION FOSSIL FUEL USE FOSSIL FUELS FUEL CONSUMPTION FUEL PRICE FUEL PRODUCTION GHG GHGS GLOBAL CARBON EMISSIONS GLOBAL EMISSIONS GREENHOUSE GREENHOUSE GAS GREENHOUSE GAS EMISSIONS GREENHOUSE GAS EMISSIONS REDUCTION MARGINAL UTILITY OFFSET PRICE OFFSET PRICES OFFSET PROJECTS OIL OIL PRICE PERMIT TRADING PERVERSE INCENTIVES POLICY ENVIRONMENT POLICY RESPONSE POLLUTION QUOTA PRICES QUOTAS REDUCTION IN CARBON REDUCTION IN EMISSIONS RENEWABLE ENERGY RENEWABLE ENERGY CONSUMPTION RENEWABLE ENERGY PRODUCTION RENEWABLE ENERGY SOURCES RENEWABLE ENERGY TECHNOLOGY RENEWABLE SOURCE SOCIAL COST OF CARBON SOLAR POWER SUSTAINABLE DEVELOPMENT TAX RATES TAX REVENUE TECHNOLOGICAL CHANGE TRADABLE PERMIT VEHICLES WIND WIND POWER Strand, Jon Carbon Offsets with Endogenous Environmental Policy
geographic_facet	The World Region The World Region
relation	Policy Research working paper ; no. WPS 5296
description	Interests in obtaining carbon offsets in host countries for Clean Development Mechanism projects may serve as an obstacle to implementing more stringent general environmental policies in the same countries. A relatively lax environmental policy, whereby carbon emissions remain high, can be advantageous for such countries as it leaves them with a higher than otherwise scope for future emissions reductions through Clean Development Mechanism and other offset projects. In this note, the potential to affect the availability of future Clean Development Mechanism projects is shown to distort environmental and energy policies of Clean Development Mechanism host countries in two ways. Measures to reduce use of fossil energy are weakened. Because this weakens private sector incentives to switch to lower-carbon technology through Clean Development Mechanism projects, host governments then also find it attractive to subsidize this switch, in order to maximize the country s advantage from the Clean Development Mechanism.
format	Publications & Research :: Policy Research Working Paper
author	Strand, Jon
author_facet	Strand, Jon
author_sort	Strand, Jon
title	Carbon Offsets with Endogenous Environmental Policy
title_short	Carbon Offsets with Endogenous Environmental Policy
title_full	Carbon Offsets with Endogenous Environmental Policy
title_fullStr	Carbon Offsets with Endogenous Environmental Policy
title_full_unstemmed	Carbon Offsets with Endogenous Environmental Policy
title_sort	carbon offsets with endogenous environmental policy
publishDate	2012
url	http://www-wds.worldbank.org/external/default/main?menuPK=64187510&pagePK=64193027&piPK=64187937&theSitePK=523679&menuPK=64187510&searchMenuPK=64187283&siteName=WDS&entityID=000158349_20100507104204 http://hdl.handle.net/10986/3782
_version_	1764388315526594560

Carbon Offsets with Endogenous Environmental Policy

Similar Items