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
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KeywordsAdverse selection; Risk-sharing; Carbon offsets; Sectoral crediting; Transportation;
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