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Inter-trading permanent emissions credits and rented temporary carbon emissions offsets: some issues and alternatives

机译:交易间的永久排放信用额度和租用的临时碳排放抵消:一些问题和替代方案

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摘要

Permit trading among polluting parties is now firmly established as a policy tool in a range of environmental policy areas. The Kyoto Protocol accepts the principle that sequestration of carbon in the terrestrial biosphere can be used to offset emissions of carbon from fossil fuel combustion and outlines mechanisms. Although the lack of guaranteed permanence of biological offsets is often viewed as a defect, this paper argues that the absence of guaranteed permanence need not be a fundamental problem. We view carbon emissions as a liability issue. One purpose of an emissions credit system is to provide the emitter with a means to satisfy the carbon liability associated with her firm's (or country's) release of carbon into the atmosphere. We have developed and here expand on a rental approach, in which sequestered carbon is explicitly treated as temporary: the emitter temporarily satisfies his liability by temporarily "parking" his liability, for a fee, in a terrestrial carbon reservoir, or "sink," such as a forest or agricultural soil. Finally, the paper relates the value of permanent and temporary sequestration and argues that both instruments are tradable and have a high degree of substitutability that allows them to interact in markets.
机译:现在,在许多环境政策领域中,牢固建立了在污染方之间进行许可证交易的政策工具。 《京都议定书》接受了以下原则:在陆地生物圈中固存碳可以用来抵消化石燃料燃烧产生的碳排放,并概述了机理。尽管缺乏生物学补偿的持久性保证常被视为一种缺陷,但本文认为缺乏持久性的保证不一定是一个基本问题。我们将碳排放视为责任问题。排放信用额度体系的一个目的是为排放者提供一种手段,以履行与公司(或国家)向大气中排放碳有关的碳责任。我们已经开发并扩展了一种租用方式,在这种方式中,固存碳被明确地视为临时碳:排放者通过将其责任暂时“有偿”“收费”地暂时“停放”在陆地碳库或“汇”中来暂时满足其责任。例如森林或农业土壤。最后,本文讨论了永久性和临时性隔离的价值,并认为这两种工具都是可交易的,并且具有高度的可替代性,可以使它们在市场中相互作用。

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