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Impacts of the fairly priced REDD-based Co 2 offset options on the electricity producers and consumers

Author

Listed:
  • Krasovskii Andrey Andreyevich

    (International Institute for Applied Systems Analysis (IIASA))

  • Khabarov Nikolay Vasil'evich

    (International Institute for Applied Systems Analysis (IIASA))

  • Obersteiner Michael

    (International Institute for Applied Systems Analysis (IIASA))

Abstract

This paper deals with the modeling of two sectors of a regional economy: electricity and forestry. We show that CO 2 price will impact not only the profits of the CO 2 emitting electricity producer (decrease), but also the electricity prices for the consumer (increase), and, hence, some financial instruments might be implemented today in order to be prepared for the uncertain CO 2 prices in the future. We elaborate financial instrument based on the Reduced Emissions from Deforestation and Degradation (REDD+) mechanism. We model optimal behavior of forest owner and electricity producer under uncertainty and determine equilibrium fair prices of REDD-based-options.

Suggested Citation

  • Krasovskii Andrey Andreyevich & Khabarov Nikolay Vasil'evich & Obersteiner Michael, 2014. "Impacts of the fairly priced REDD-based Co 2 offset options on the electricity producers and consumers," Экономика региона, CyberLeninka;Федеральное государственное бюджетное учреждение науки «Институт экономики Уральского отделения Российской академии наук», issue 3, pages 273-288.
    • Handle: RePEc:scn:015306:15659864
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    Citations

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    Cited by:

    1. Krasovskii, Andrey & Khabarov, Nikolay & Obersteiner, Michael, 2016. "Fair pricing of REDD-based emission offsets under risk preferences and benefit-sharing," Energy Policy, Elsevier, vol. 96(C), pages 193-205.
    2. Golub, Alexander & Lubowski, Ruben & Piris-Cabezas, Pedro, 2017. "Balancing Risks from Climate Policy Uncertainties: The Role of Options and Reduced Emissions from Deforestation and Forest Degradation," Ecological Economics, Elsevier, vol. 138(C), pages 90-98.

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    Keywords

    REDD+;

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