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LULUCF-based CDM: too much ado for...a small carbon market

Author

Listed:
  • Martial Bernoux
  • Vincent Eschenbrenner
  • Carlos C. Cerri
  • Jerry M. Melillo
  • Christian Feller

Abstract

The Bonn agreement reached in July at the sixth conference of the parties (COP) to the FCCC states "that for the first commitment period, the total of additions to and subtractions from the assigned amount of a party resulting from eligible LULUCF activities under Article 12 (i.e. CDM), shall not exceed 1% of base-year emissions of that party, times five". The most probable size of this LULUCF-CDM market is analyzed in light of each Annex I party's actual and projected emissions and policies. Results show that the market size would be only about 110 Mt CO 2 eq. for 2000-2012, representing a maximum global market value of about US$ 876 million.

Suggested Citation

  • Martial Bernoux & Vincent Eschenbrenner & Carlos C. Cerri & Jerry M. Melillo & Christian Feller, 2002. "LULUCF-based CDM: too much ado for...a small carbon market," Climate Policy, Taylor & Francis Journals, vol. 2(4), pages 379-385, December.
    • Handle: RePEc:taf:tcpoxx:v:2:y:2002:i:4:p:379-385
    DOI: 10.3763/cpol.2002.0241
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    Cited by:

    1. Larson, Donald F. & Dinar, Ariel & Blankespoor, Brian, 2012. "Aligning climate change mitigation and agricultural policies in Eastern Europe and Central Asia," Policy Research Working Paper Series 6080, The World Bank.
    2. Marechal, Kevin & Hecq, Walter, 2006. "Temporary credits: A solution to the potential non-permanence of carbon sequestration in forests?," Ecological Economics, Elsevier, vol. 58(4), pages 699-716, July.
    3. Jung, Martina, 2003. "The Role of Forestry Sinks in the CDM - Analysing the Effects of Policy Decisions on the Carbon Market," Discussion Paper Series 26293, Hamburg Institute of International Economics.
    4. Jung, Martina, 2003. "The Role of Forestry Sinks in the CDM - Analysing the Effects of Policy Decisions on the Carbon Market," HWWA Discussion Papers 241, Hamburg Institute of International Economics (HWWA).
    5. Biggs, Jeffrey & Laaksonen-Craig, Susanna, 2004. "Viability Of Carbon Offset Generating Projects In Boreal Ontario," Working Papers 18162, University of Victoria, Resource Economics and Policy.

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