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The overall economic and environmental effectiveness of a combined carbon footprinting and feedback system - Climate Bonus project report (WP6)

Author

Listed:
  • Adriaan Perrels
  • Anna Sahari
  • Ari Nissinen

Abstract

This report is the fifth in a series of reports produced by the Climate Bonus study. In this project is surveyed what are the possibilities and effectiveness of the combined use of (1) verified carbon footprints (possibly visualised through labels), (2) personalised monitoring and feedback services to households regarding the greenhouse gas intensities of their purchases, (3) a reward system (bonuses) for consumers who manage to reduce the embodied emissions, and (4) a secondary reward system for retailers that successfully reduce the emission intensity of their sales. The present report starts with a review of how the large scale introduction of the envisaged carbon footprinting and feedback system would interact with existing policy instruments and measures. Subsequently, it discusses the options and obstacles regarding economically sensible deployment of the system, and tentative cost ranges. Finally, it introduced preliminary estimates of the emission reduction potential the envisaged system may be able to tap into and of the value the emission reduction potential could represent. As regards realisation of the potential some suggestions are done as regards improving the fit with existing instruments.

Suggested Citation

  • Adriaan Perrels & Anna Sahari & Ari Nissinen, 2009. "The overall economic and environmental effectiveness of a combined carbon footprinting and feedback system - Climate Bonus project report (WP6)," Research Reports 143:5, Government Institute for Economic Research Finland (VATT).
  • Handle: RePEc:fer:resrep:143:5
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    File URL: http://vatt-old.posp.fi/file/vatt_publication_pdf/t143_5.pdf
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    File URL: http://vatt-old.posp.fi/en/publications/latestPublications/publication/Publication_1345_id/847
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    References listed on IDEAS

    as
    1. Seppo Laaksonen, 1989. "Use of panel data in applications of income dynamics," Finnish Economic Papers, Finnish Economic Association, vol. 2(1), pages 55-64, Spring.
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    More about this item

    Keywords

    Bonus systems; carbon compensation; carbon footprints; carbon offset; embodied emissions; feedback; policy instruments; interaction effects; LCA; lifecycle analysis; voluntary emission trade;

    JEL classification:

    • Q01 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - General - - - Sustainable Development
    • Q56 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Environment and Development; Environment and Trade; Sustainability; Environmental Accounts and Accounting; Environmental Equity; Population Growth
    • Q54 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Climate; Natural Disasters and their Management; Global Warming
    • D01 - Microeconomics - - General - - - Microeconomic Behavior: Underlying Principles
    • D80 - Microeconomics - - Information, Knowledge, and Uncertainty - - - General

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