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Abstract
Afforestation and reforestation (AR) projects in
the Clean Development Mechanism are able to create emission permits that
can be accounted against the industrialized countries' commitments for
limiting their greenhouse gas emissions, as agreed under the Kyoto
Protocol. The discussion of how to treat credits from temporary carbon
stocks is centering on the proposal for expiring emission credits from AR,
which in the subsequent commitment period need to be replaced. While the
basic methodological question is thus being solved, the practicalities
arising from the solution have so far not been considered. The authors
make new proposals on accounting modalities, define the tCER value as
compared to a permanent CER, and forecast who will be the potential buyers
for temporary offsets.
JEL-Classification: Q23, Q25, Q13 Keywords: Clean Development
Mechanism, Forestry |
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