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scale increases, (2) offset discounting and (3) setting stringent baselines. With baseline scale increases, entire political … discounting means paying less than the value of abatement and can be paired with trading ratios between offsets and allowances in … a cap-and-trade system. We show that discounting is inefficient, but can make offsets more attractive to industrialized …
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efficient market for offsets can be established, however, certain preconditions must be met. In particular, there must be means …
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Project-based mechanisms for emissions reductions credits, like the Clean Development Mechanism, pose important challenges for policy design because of several inherent characteristics. Participation is voluntary, so it will not occur without sufficient credits. Evaluating reductions requires...
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. Additionality testing is a key element that also supports the development target of the CDM. …
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. Additionality testing is a key element that also supports the development target of the CDM. …
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