A practical approach to offset permits in post Kyoto climate policy


Heindl, Peter ; Voigt, Sebastian


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URL: http://ub-madoc.bib.uni-mannheim.de/3194
URN: urn:nbn:de:bsz:180-madoc-31941
Document Type: Working paper
Year of publication: 2011
Publication language: German
Institution: Sonstige Einrichtungen > ZEW - Leibniz-Zentrum für Europäische Wirtschaftsforschung
MADOC publication series: Veröffentlichungen des ZEW (Leibniz-Zentrum für Europäische Wirtschaftsforschung) > ZEW Discussion Papers
Subject: 330 Economics
Classification: JEL: Q52 Q58 ,
Subject headings (SWD): Klimaschutz , Umweltzertifikathandel , Clean Development Mechanism , Umweltschutzkosten , Grenzkosten
Individual keywords (German): Entwicklungsländer , Schwellenländer , Industriestaaten
Keywords (English): emissions trading , offsets , CDM , marginal abatement costs , climate policy
Abstract: International Carbon Offsets from developing countries and emerging economies such as permits from the Clean Development Mechanism (CDM) will potentially play an important role for cost containment in domestic greenhouse gas regulation schemes in industrialised countries. We analyse the potential role of offset permits assuming that major emitters such as the USA, Canada, Japan, Australia and New Zealand install domestic greenhouse gas regulation schemes to achieve the emissions reductions pledged in the Copenhagen Accord and seek cost containment. We estimate a potential demand for offset permits of 627 to 667 MtCO2e p.a. from industrialised countries. To describe the supply structure, we derive marginal abatement cost curves for developing countries and emerging economies. We find that developing countries and emerging economies can supply 627 to 667 MtCO2e p.a. at costs of approximately EUR 10 (in 2004 EUR), neglecting transaction costs and country specific risks. The highest potentials for the generation of carbon offsets are present in China, India and the rest of Asia.
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Das Dokument wird vom Publikationsserver der Universitätsbibliothek Mannheim bereitgestellt.




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Heindl, Peter ; Voigt, Sebastian (2011) A practical approach to offset permits in post Kyoto climate policy. Open Access [Working paper]
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