Crediting uncertain ecosystem services in a market.
Abstract: The margin of safety (MOS) approach is an increasingly prevalent tool for ensuring the integrity of market-based programs for providing ecosystem services. Over-crediting is reduced by setting aside mean estimates of uncertain services in favor of a more conservative estimate. Like many en...
| Publicado en: | Journal of Environmental Economics & Management Vol. 66; no. 3; pp. 554 - 573 |
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| Autores principales: | , , , |
| Formato: | Artículo |
| Publicado: |
Academic Press Inc.
Nov2013
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| Materias: | |
| Acceso en línea: | Ver este registro en EBSCOhost |
| fields | @attributes: recordID: 1 pdfLink: plink: https://search.ebscohost.com/login.aspx?direct=true&db=ssf&AN=92591256&site=ehost-live header: @attributes: shortDbName: ssf uiTerm: 92591256 longDbName: Social Sciences Full Text (H.W. Wilson) uiTag: AN controlInfo: bkinfo: jinfo: jid: 00950696 EEM jtl: Journal of Environmental Economics & Management issn: 00950696 maglogo: N pubinfo: dt: Nov2013 vid: 66 iid: 3 pid: 735 pub: Academic Press Inc. artinfo: ui: 92591256 10.1016/j.jeem.2013.07.005 ppf: 554 ppct: 19 formats: tig: atl: Crediting uncertain ecosystem services in a market. aug: au: Springborn, Michael Yeo, Boon-Ling Lee, Juhwan Six, Johan affil: University of California, Davis, CA, United States Department of Environmental Science & Policy, 2104 Wickson Hall, Davis, CA 95616, United States Department of Environmental Systems Science, ETH-Zurich, Zurich, Switzerland su: Environmental policy Ecosystem services Ecological integrity Multiple scale method Greenhouse gases Distributors (Commerce) sug: subj: Environmental policy All other merchant wholesalers Other provincial and territorial public administration Administration of Air and Water Resource and Solid Waste Management Programs Ecosystem services Ecological integrity Multiple scale method Greenhouse gases Distributors (Commerce) keyword: Greenhouse gas offsets Margin of safety Market-based instruments Risk Uncertainty discount Greenhouse gas offsets Margin of safety Market-based instruments Risk Uncertainty discount ab: Abstract: The margin of safety (MOS) approach is an increasingly prevalent tool for ensuring the integrity of market-based programs for providing ecosystem services. Over-crediting is reduced by setting aside mean estimates of uncertain services in favor of a more conservative estimate. Like many environmental policy problems, ecosystem service markets involve the aggregation of uncertainty over multiple scales, e.g. from landowners to market intermediaries to the overall market. We examine how the MOS instrument affects, and is affected by, an ecosystem services market. We show that the common bottom-up approach of imposing risk preferences at a local, disaggregated level—held over from earlier development in the context of toxics and command and control-style health risk regulation—leads to several unintended consequences. Furthermore, discounting landowner services can actually increase their profits, conditional on the elasticity of credit demand. We illustrate theoretical insights with an empirical application to greenhouse gas offset crediting in agriculture. pubtype: Academic Journal doctype: Article src: R language: English refInfo: copyright: @attributes: flag: N holdings: @attributes: islocal: N |
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