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Securitizing Environmental Risk and the Keystone XL Pipeline

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  • Smith Kerry

    (Arizona State University)

Abstract

When faced with irreversible decisions with significant uncertainty about the environmental costs of accidents, such as the Keystone XL Pipeline or hydro-fracking for natural gas, policymakers should use an environmental bond to securitize self insurance.

Suggested Citation

  • Smith Kerry, 2012. "Securitizing Environmental Risk and the Keystone XL Pipeline," The Economists' Voice, De Gruyter, vol. 9(1), pages 1-4, March.
  • Handle: RePEc:bpj:evoice:v:9:y:2012:i:1:n:7
    DOI: 10.1515/1553-3832.1890
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    Cited by:

    1. Aghakazemjourabbaf, Sara & Insley, Margaret, 2021. "Leaving your tailings behind: Environmental bonds, bankruptcy and waste cleanup," Resource and Energy Economics, Elsevier, vol. 65(C).

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