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The Economics of Carbon Offsets

Author: James B Bushnell
Publisher: Cambridge, Mass. National Bureau of Economic Research 2010.
Series: Working Paper Series (National Bureau of Economic Research), no. w16305.
Edition/Format:   eBook : Document : EnglishView all editions and formats
Summary:
Although international programs for carbon offsets play an important role in current and prospective climate-change policy, they continue to be very controversial. Asymmetric information creates several incentive problems, include adverse selection and moral hazard, in offset markets. The current regulatory focus on additionality tends to paint all these problems with a broad brush without proper consideration of  Read more...
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Details

Material Type: Document, Internet resource
Document Type: Internet Resource, Computer File
All Authors / Contributors: James B Bushnell
OCLC Number: 1027282483
Notes: August 2010.
Description: 1 online resource.
Details: Mode of access: World Wide Web.
Series Title: Working Paper Series (National Bureau of Economic Research), no. w16305.
Responsibility: James B. Bushnell.

Abstract:

Although international programs for carbon offsets play an important role in current and prospective climate-change policy, they continue to be very controversial. Asymmetric information creates several incentive problems, include adverse selection and moral hazard, in offset markets. The current regulatory focus on additionality tends to paint all these problems with a broad brush without proper consideration of the context or their implications.

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