Carbon offsets, reversal risk and US climate policy |
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| Authors: | Bryan K Mignone Matthew D Hurteau Yihsu Chen Brent Sohngen |
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| Institution: | (1) The Brookings Institution, 1775 Massachusetts Avenue, NW Washington, DC 20036, USA;(2) Center for Applied Macroeconomic Analysis, Australian National University, Canberra, ACT, 0200, Australia;(3) Western Regional Center of the National Institute for Climatic Change Research, Northern Arizona University, Box 6077, Flagstaff, AZ 86011, USA;(4) School of Engineering, University of California, Merced, 5200 North Lake Road, Merced, CA 95343, USA;(5) Agricultural, Environmental and Development Economics, The Ohio State University, 2120 Fyffe Road, Columbus, OH 43210-1067, USA;(6) Resources for the Future, 1616 P Street, NW Washington, DC 20036, USA |
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| Abstract: | Background One controversial issue in the larger cap-and-trade debate is the proper use and certification of carbon offsets related to
changes in land management. Advocates of an expanded offset supply claim that inclusion of such activities would expand the
scope of the program and lower overall compliance costs, while opponents claim that it would weaken the environmental integrity
of the program by crediting activities that yield either nonexistent or merely temporary carbon sequestration benefits. Our
study starts from the premise that offsets are neither perfect mitigation instruments nor useless "hot air." |
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