Biological Carbon Sinks: Transaction Costs and Governance
| dc.creator | van Kooten, G. Cornelis | |
| dc.date | 2017-04-01T19:20:35Z | |
| dc.date.accessioned | 2026-07-09T04:37:34Z | |
| dc.description | Activities that remove CO2 from the atmosphere and store it in forest and agricultural ecosystems can generate CO2-offset credits that can thus substitute for CO2 emissions reduction. Are biological CO2-uptake activities competitive with CO2 offsets from reduced fossil fuel use? In this paper, it is argued that transaction costs impose a formidable obstacle to direct substitution of carbon uptake offsets for emissions reduction in trading schemes, and that separate caps should be set for emissions reduction and sink-related activities. While a tax/subsidy scheme is preferred to emissions trading for incorporating biologically-generated CO2 offsets, contracts that focus on the activity and not the amount of carbon sequestered are most likely to lead to the lowest transaction costs. | |
| dc.identifier | doi:10.22004/ag.econ.45505 | |
| dc.identifier | https://ageconsearch.umn.edu/record/45505/files/WorkingPaper2008-12.pdf | |
| dc.identifier | http://ageconsearch.umn.edu/record/45505 | |
| dc.identifier.uri | http://hdl.handle.net/123456789/552616 | |
| dc.language | eng | |
| dc.publisher | ||
| dc.source | http://ageconsearch.umn.edu/record/45505 | |
| dc.title | Biological Carbon Sinks: Transaction Costs and Governance | |
| dc.type | Text |