Carbon Offsets with Endogenous Environmental Policy

Interests in obtaining carbon offsets in host countries for CDM 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 a...

Full description

Bibliographic Details
Main Author:	Strand, Jon
Format:	Journal Article
Language:	EN
Published:	2012
Subjects:	Energy: Government Policy Q480 Air Pollution Water Pollution Noise Hazardous Waste Solid Waste Recycling Q530 Climate Natural Disasters Global Warming Q540 Environmental Economics: Government Policy Q580
Online Access:	http://hdl.handle.net/10986/4966

id	okr-10986-4966
recordtype	oai_dc
spelling	okr-10986-49662021-04-23T14:02:20Z Carbon Offsets with Endogenous Environmental Policy Strand, Jon Energy: Government Policy Q480 Air Pollution Water Pollution Noise Hazardous Waste Solid Waste Recycling Q530 Climate Natural Disasters Global Warming Q540 Environmental Economics: Government Policy Q580 Interests in obtaining carbon offsets in host countries for CDM 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 CDM and other offset projects. In this paper, the potential to affect the availability of future CDM projects is shown to distort environmental and energy policies of CDM host countries, in two ways. First, policies to reduce the use of fossil energy are weakened. This in turn weakens private sector incentives to switch to lower-carbon technology through CDM projects. CDM host governments then also find it attractive to subsidize this switch, in order to maximize the country's advantage from the CDM. 2012-03-30T07:30:36Z 2012-03-30T07:30:36Z 2011 Journal Article Energy Economics 01409883 http://hdl.handle.net/10986/4966 EN http://creativecommons.org/licenses/by-nc-nd/3.0/igo World Bank Journal Article
repository_type	Digital Repository
institution_category	Foreign Institution
institution	Digital Repositories
building	World Bank Open Knowledge Repository
collection	World Bank
language	EN
topic	Energy: Government Policy Q480 Air Pollution Water Pollution Noise Hazardous Waste Solid Waste Recycling Q530 Climate Natural Disasters Global Warming Q540 Environmental Economics: Government Policy Q580
spellingShingle	Energy: Government Policy Q480 Air Pollution Water Pollution Noise Hazardous Waste Solid Waste Recycling Q530 Climate Natural Disasters Global Warming Q540 Environmental Economics: Government Policy Q580 Strand, Jon Carbon Offsets with Endogenous Environmental Policy
relation	http://creativecommons.org/licenses/by-nc-nd/3.0/igo
description	Interests in obtaining carbon offsets in host countries for CDM 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 CDM and other offset projects. In this paper, the potential to affect the availability of future CDM projects is shown to distort environmental and energy policies of CDM host countries, in two ways. First, policies to reduce the use of fossil energy are weakened. This in turn weakens private sector incentives to switch to lower-carbon technology through CDM projects. CDM host governments then also find it attractive to subsidize this switch, in order to maximize the country's advantage from the CDM.
format	Journal Article
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://hdl.handle.net/10986/4966
_version_	1764393425756487680

Carbon Offsets with Endogenous Environmental Policy

Similar Items