We investigate the problem of subsidising afforestation when private information exists with respect to the level of private utility derived from the project. We develop a simple model that allows for an intelligent design of contracts when information is asymmetric. The model involves the...

The issue of terrestrial carbon sinks, officially labelled as Land use, Land-use change and Forestry (LULUCF) has been one of the most contentious and difficult issues in the international climate change negotiations. This study analyses the negotiation process on sinks from the third Conference...

The emission of greenhouse gases, particularly carbon dioxide, and the consequent potential for climate change are the focus of increasing international concern. Temporary land-use change and forestry projects (LUCF) can be implemented to offset permanent emissions of carbon dioxide from the...