The trouble with voluntary emissions trading: Uncertainty and adverse selection in sectoral crediting programs☆☆Special thanks to Suzi Kerr, Lawrence Goulder, Michael Wara, Arthur van Benthem, Lee Schipper, Chris Barrington-Leigh and two anonymous reviewers for helpful suggestions and comments on earlier drafts. I appreciate assistance with the predictive modeling from Mark Bryan and Vera Troeger. I also thank Sonny Kim and Kenny Gillingham for assistance with the GCAM modeling runs, and the Joint Global Change Research Institute for making GCAM available. This research was completed while I was an assistant professor in the Department of Geography and McGill School of Environment, McGill University. I acknowledge support from a U.S. Department of Transportation Eisenhower Graduate Fellowship, a William C. and Jeanne M. Landreth IPER Fellowship, and a David and Lucille Packard Foundation Stanford Graduate Fellowship
Download full text from publisher
As the access to this document is restricted, you may want to search for a different version of it.
References listed on IDEAS
- Millard-Ball, Adam & Ortolano, Leonard, 2010. "Constructing carbon offsets: The obstacles to quantifying emission reductions," Energy Policy, Elsevier, vol. 38(1), pages 533-546, January.
- Arthur van Benthem & Suzi Kerr, 2010.
"Optimizing Voluntary Deforestation Policy in the Face of Adverse Selection and Costly Transfers,"
10_04, Motu Economic and Public Policy Research.
- van Benthem, Arthur A. & Kerr, Suzi, 2010. "Optimizing Voluntary Deforestation Policy in the Face of Adverse Selection and Costly Transfers," 2010 Conference, August 26-27, 2010, Nelson, New Zealand 96813, New Zealand Agricultural and Resource Economics Society.
- Fischer, Carolyn & Herrnstadt, Evan & Morgenstern, Richard, 2009.
"Understanding errors in EIA projections of energy demand,"
Resource and Energy Economics,
Elsevier, vol. 31(3), pages 198-209, August.
- Fischer, Carolyn & Herrnstadt, Evan & Morgenstern, Richard D., 2008. "Understanding Errors in EIA Projections of Energy Demand," Discussion Papers dp-08-54, Resources For the Future.
- Linderoth, Hans, 2002. "Forecast errors in IEA-countries' energy consumption," Energy Policy, Elsevier, vol. 30(1), pages 53-61, January.
- Zhang, Chi & Shukla, P.R. & Victor, David G. & Heller, Thomas C. & Biswas, Debashish & Nag, Tirthankar, 2006. "Baselines for carbon emissions in the Indian and Chinese power sectors: Implications for international carbon trading," Energy Policy, Elsevier, vol. 34(14), pages 1900-1917, September.
- Juan-Pablo Montero, 1999. "Voluntary Compliance with Market-Based Environmental Policy: Evidence from the U.S. Acid Rain Program," Journal of Political Economy, University of Chicago Press, vol. 107(5), pages 998-1033, October.
- Suzi Kerr & Adam Millard-Ball, 2012. "Cooperation to Reduce Developing Country Emissions," Working Papers 12_03, Motu Economic and Public Policy Research.
- Montero, Juan-Pablo, 2000. "Optimal design of a phase-in emissions trading program," Journal of Public Economics, Elsevier, vol. 75(2), pages 273-291, February.
- Richard Baron & Barbara Buchner & Jane Ellis, 2009. "Sectoral Approaches and the Carbon Market," OECD/IEA Climate Change Expert Group Papers 2009/3, OECD Publishing.
- Winebrake, James J. & Sakva, Denys, 2006. "An evaluation of errors in US energy forecasts: 1982-2003," Energy Policy, Elsevier, vol. 34(18), pages 3475-3483, December.
- Fischer, Carolyn, 2005.
"Project-based mechanisms for emissions reductions: balancing trade-offs with baselines,"
Elsevier, vol. 33(14), pages 1807-1823, September.
- Fischer, Carolyn, 2004. "Project-Based Mechanisms for Emissions Reductions: Balancing Trade-offs with Baselines," Discussion Papers dp-04-32, Resources For the Future.
- FUJIWARA Noriko & GEORGIEV Anton & ALESSI Monica, 2010. "The merit of sectoral approaches in transitioning towards a global carbon market," ESRI Discussion paper series 235, Economic and Social Research Institute (ESRI).
- Suzi Kerr & Andrew Sweet, 2008. "Inclusion of Agriculture and Forestry in a Domestic Emissions Trading Scheme: New Zealand's Experience to Date," Working Papers 08_04, Motu Economic and Public Policy Research.
- Son H. Kim, Jae Edmonds, Josh Lurz, Steven J. Smith, and Marshall Wise, 2006. "The objECTS Framework for integrated Assessment: Hybrid Modeling of Transportation," The Energy Journal, International Association for Energy Economics, vol. 0(Special I), pages 63-92.
More about this item
KeywordsAdverse selection; Risk-sharing; Carbon offsets; Sectoral crediting; Transportation;
StatisticsAccess and download statistics
All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eee:jeeman:v:65:y:2013:i:1:p:40-55. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Dana Niculescu). General contact details of provider: http://www.elsevier.com/locate/inca/622870 .
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.
Please note that corrections may take a couple of weeks to filter through the various RePEc services.