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...
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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 |