| 来源类型 | FEEM working papers "Note di lavoro" series |
| 规范类型 | 论文 |
| Linking Reduced Deforestation and a Global Carbon Market: Impacts on Costs, Financial Flows, and Technological Innovation | |
| Valentina Bosetti; Ruben Lubowski; Alexander Golub; Anil Markandya | |
| 发表日期 | 2009 |
| 出处 | Climate Change and Sustainable Development |
| 出版年 | 2009 |
| 语种 | 英语 |
| 摘要 | Discussions over tropical deforestation are currently at the forefront of climate change policy negotiations at national, regional, and international levels. This paper analyzes the effects of linking Reduced Emissions from Deforestation and Forest Degradation (REDD) to a global market for greenhouse gas emission reductions. We supplement a global climate-energy-economy model with alternative cost estimates for reducing deforestation emissions in order to examine a global program for stabilizing greenhouse gas concentrations at 550 ppmv of CO2 equivalent. Introducing REDD reduces global forestry emissions through 2050 by 20-22% in the Brazil-only case and by 64-88% in the global REDD scenarios. At the same time, REDD lowers the total costs of the climate policy by an estimated 10-25% depending on which tropical countries participate and whether the “banking” of excess credits for use in future periods is allowed. As a result, REDD could enable additional reductions of at least 20 ppmv of CO2-equivalent concentrations with no added costs compared to an energy-sector only policy. The cost savings from REDD are magnified if banking is allowed and there is a need to increase the stringency of global climate policy in the future in response, for example, to new scientific information. Results also indicate that REDD decreases carbon prices in 2050 by 8-23% with banking and 11-26% without banking. While developing regions, particularly Latin America, gain the value of REDD opportunities, the decrease in the carbon price keeps the value of international carbon market flows relatively stable despite an increase in volumes transacted. We also estimate that REDD generally reduces the total portfolio of investments and research and development of new energy technologies by 1-10%. However, due to impacts on the relative prices of different fossil fuels, REDD has a slight positive estimated effect on investments in coal-related technologies (IGCC and CCS) as well as, in some cases, non-electric energy R&D. This research confirms that integrating REDD into global carbon markets can provide powerful incentives for the preservation of tropical forests while lowering the costs of global climate change protection and providing valuable policy flexibility. *** Suggested citation: Valentina Bosetti, Ruben Lubowski, Alexander Golub, Anil Markandya, Linking reduced deforestation and a global carbon market: implications for clean energy technology and policy flexibility, Environment and Development Economics, Volume 16, Special Issue 04, August 2011 pp 479-505, http://dx.doi.org/10.1017/S1355770X10000549 |
| 特色分类 | Q23,Q24,Q42,Q52,Q54,Q55 |
| 关键词 | Carbon Market,Climate Change,Innovation,Mitigation,Policy Costs,Offsets,Reduced Emissions from Deforestation and Degradation (REDD),Technological Change,Tropical Deforestation |
| URL | https://www.feem.it/en/publications/feem-working-papers-note-di-lavoro-series/linking-reduced-deforestation-and-a-global-carbon-market-impacts-on-costs-financial-flows-and-technological-innovation/ |
| 来源智库 | Fondazione Eni Enrico Mattei (Italy) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/117733 |
| 推荐引用方式 GB/T 7714 | Valentina Bosetti,Ruben Lubowski,Alexander Golub,et al. Linking Reduced Deforestation and a Global Carbon Market: Impacts on Costs, Financial Flows, and Technological Innovation. 2009. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| NDL2009-056.pdf（343KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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