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Practical Issues Concerning Temporary Carbon Credits in the CDM

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  • Dutschke, Michael
  • Schlamadinger, Bernhard

Abstract

Afforestation and reforestation (AR) projects in the Clean Development Mechanism are able to create emission permits that can be accounted against the industrialized countries' commitments for limiting their greenhouse gas emissions, as agreed under the Kyoto Protocol. The discussion of how to treat credits from temporary carbon stocks is centering on the proposal for expiring emission credits from AR, which in the subsequent commitment period need to be replaced. While the basic methodological question is thus being solved, the practicalities arising from the solution have so far not been considered. The authors make new proposals on accounting modalities, define the tCER value as compared to a permanent CER, and forecast who will be the potential buyers for temporary offsets.

Suggested Citation

  • Dutschke, Michael & Schlamadinger, Bernhard, 2003. "Practical Issues Concerning Temporary Carbon Credits in the CDM," HWWA Discussion Papers 227, Hamburg Institute of International Economics (HWWA).
    • Handle: RePEc:zbw:hwwadp:26241
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    References listed on IDEAS

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    1. Dutschke, Michael, 2001. "Permanence of CDM Forests or Non-permanence of Land Use Related Carbon Credits?," Discussion Paper Series 26399, Hamburg Institute of International Economics.
    2. Dutschke, Michael, 2001. "Permanence of CDM forests or non-permanence of land use related carbon credits?," HWWA Discussion Papers 134, Hamburg Institute of International Economics (HWWA).
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    Cited by:

    1. Kenneth M. Chomitz & Franck Lecocq, 2004. "Temporary sequestration credits: an instrument for carbon bears," Climate Policy, Taylor & Francis Journals, vol. 4(1), pages 65-74, March.
    2. Thomas Knoke & Michael Weber, 2006. "Expanding Carbon Stocks in Existing Forests – A Methodological Approach for Cost Appraisal at the Enterprise Level," Mitigation and Adaptation Strategies for Global Change, Springer, vol. 11(3), pages 579-605, May.
    3. Guitart, A. Bussoni & Rodriguez, L.C. Estraviz, 2010. "Private valuation of carbon sequestration in forest plantations," Ecological Economics, Elsevier, vol. 69(3), pages 451-458, January.
    4. Lucio Pedroni, 2005. "Carbon accounting for sinks in the CDM after CoP-9," Climate Policy, Taylor & Francis Journals, vol. 5(4), pages 407-418, July.
    5. Olschewski, Roland & Benítez, Pablo C. & de Koning, G.H.J. & Schlichter, Tomás, 2005. "How attractive are forest carbon sinks? Economic insights into supply and demand of Certified Emission Reductions," Journal of Forest Economics, Elsevier, vol. 11(2), pages 77-94, September.
    6. Börner, Jan & Wunder, Sven & Wertz-Kanounnikoff, Sheila & Tito, Marcos Rügnitz & Pereira, Ligia & Nascimento, Nathalia, 2010. "Direct conservation payments in the Brazilian Amazon: Scope and equity implications," Ecological Economics, Elsevier, vol. 69(6), pages 1272-1282, April.
    7. Olschewski, Roland & Benitez, Pablo C., 2005. "Secondary forests as temporary carbon sinks? The economic impact of accounting methods on reforestation projects in the tropics," Ecological Economics, Elsevier, vol. 55(3), pages 380-394, November.
    8. Dutschke, Michael & Schlamadinger, Bernhard & Wong, Jenny L.P. & Rumberg, Michael, 2004. "Value and Risks of Expiring Carbon Credits from CDM Afforestation and Reforestation," Discussion Paper Series 26347, Hamburg Institute of International Economics.
    9. Michael Dutschke & Bernhard Schlamadinger & Jenny L.P. Wong & Michael Rumberg, 2005. "Value and risks of expiring carbon credits from afforestation and reforestation projects under the CDM," Climate Policy, Taylor & Francis Journals, vol. 5(1), pages 109-125, January.
    10. Dutschke, Michael & Schlamadinger, Bernhard & Wong-Leung, Jenny P. & Rumberg, Michael, 2004. "Value and Risks of Expiring Carbon Credits from CDM Afforestation and Reforestation," HWWA Discussion Papers 290, Hamburg Institute of International Economics (HWWA).

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    More about this item

    Keywords

    Clean Development Mechanism; Forestry;

    JEL classification:

    • Q13 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture - - - Agricultural Markets and Marketing; Cooperatives; Agribusiness
    • Q23 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Renewable Resources and Conservation - - - Forestry
    • Q25 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Renewable Resources and Conservation - - - Water

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