| 来源类型 | Conference or Workshop Item (Other)
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| 规范类型 | 其他
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| Fair pricing of REDD-based emission offsets under risk preferences and benefit-sharing. |
| Khabarov N; Obersteiner M
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| 发表日期 | 2017
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| 出处 | IIASA Institutional Evaluation 2017, 27 February-1 March 2017, IIASA, Laxenburg, Austria
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| 出版年 | 2017
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| 语种 | 英语
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| 摘要 | We consider a risk-aware forest owner and electricity producer evaluating the Reduced Emissions from Deforestation and Degradation (REDD)-based offsets with a benefit-sharing mechanism under uncertain CO2CO2 prices. For a range of CO2CO2 prices and respective risks perceived by the forest owner (seller) and electricity producer (buyer), we apply a model of fair (indifference) pricing. Parties’ risk preferences are reflected by exponential utility functions. The potentially contracted amounts of REDD offsets are analyzed under various risk preferences and for different benefit-sharing opportunities. Our results show that a risk-averse attitude considerably increases the contracted offset amounts (compared to risk-neutral case) and, therefore, creates a higher potential for REDD implementation. We demonstrate possible situations, when parties could agree on a certain range of REDD contracts, e.g. smaller amounts of REDD offsets are traded for higher prices, and larger amounts – for lower prices, although contracting a moderate amount at a moderate price is impossible. The suggested benefit-sharing mechanism can help increase contracted offset amounts. Our modeling results highlight two ways to promote higher REDD participation: (i) strengthening the carbon price signal to reveal risk-averse behavior of energy producers, and (ii) implementing the mechanism of benefit/risk sharing between the REDD consumer and supplier. |
| 主题 | Ecosystems Services and Management (ESM)
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| URL | http://pure.iiasa.ac.at/id/eprint/14457/
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| 来源智库 | International Institute for Applied Systems Analysis (Austria)
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| 资源类型 | 智库出版物
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| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/132697
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推荐引用方式
GB/T 7714 |
Khabarov N,Obersteiner M. Fair pricing of REDD-based emission offsets under risk preferences and benefit-sharing.. 2017.
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