DOI: 10.1080/14693062.2016.1277682
Scopus记录号: 2-s2.0-85012256141
论文题名: Characteristics of forest carbon credit transactions in the voluntary carbon market
作者: Lee D ; -H ; , Kim D ; -H ; , Kim S ; -I
刊名: Climate Policy
ISSN: 1469-3062
EISSN: 1752-7457
出版年: 2018
卷: 18, 期: 2 起始页码: 235
结束页码: 245
语种: 英语
英文关键词: Carbon credits transaction
; co-benefit
; forest carbon project
; forest carbon standard
; voluntary carbon market
Scopus关键词: certification
; competitiveness
; developing world
; emission control
; emissions trading
; environmental economics
; forest management
; regulatory approach
; sustainable development
Scopus学科分类: nvironmental Science: General Environmental Science
; Earth and Planetary Sciences: Atmospheric Science
英文摘要: The voluntary carbon market allows participants to go beyond regulatory carbon offsetting. Recent developments have improved the transparency and credibility of voluntary carbon trading, and forest carbon credit transactions constitute more than half of trade volume. Its workings, however, have not been sufficiently explored in the literature. This study analyses the characteristics of forest carbon credit transactions in the voluntary carbon market using frequency analysis and logistic regression analysis. The results reveal that the co-benefits of forest carbon projects are an important factor influencing carbon credit transactions. From the higher transaction ratio of credits from CCB Standards-labelled projects and projects using co-benefit-oriented standards, it can be inferred that credits with potential for co-benefits (e.g. fostered corporate social responsibility, social cohesion of local communities and voluntary leadership, and positive environmental impacts) are preferred to those focusing exclusively on emission reduction in the voluntary carbon market. The findings of this study suggest that developing co-benefits is important for strengthening the market competitiveness of forest carbon credits in the voluntary carbon market. Additionally, unlike the compliance carbon market, in the voluntary carbon market stringent carbon standards do not always guarantee credit transaction performance. POLICY RELEVANCE After UNFCCC COP-21, the global society agreed to acknowledge various forms of international carbon crediting mechanisms, and noted the significance of greenhouse gas emissions reduction for sustainable development and environmental integrity through the Paris Agreement. Moreover, the agreement encouraged both REDD+ activities in developing countries and supports from developed countries. Additionally, co-benefits of forest carbon projects are important for credit transaction in the global voluntary carbon market. Under the new climate regime, co-benefits of forest carbon projects are expected to gain attention in the carbon market. To promote the social, economic, and environmental co-benefits of forest carbon projects, the introduction of an objective co-benefit assessment and certification system should be reviewed at the national level. © 2017 Informa UK Limited, trading as Taylor & Francis Group. Citation statistics:
资源类型: 期刊论文
标识符: http://119.78.100.158/handle/2HF3EXSE/80190
Appears in Collections: 科学计划与规划
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作者单位: Division of Global Forestry, Department of Forest Policy and Economics, National Institute of Forest Science, Seoul, South Korea; Department of Forest Sciences, Seoul National University, Seoul, South Korea
Recommended Citation:
Lee D,-H,, Kim D,et al. Characteristics of forest carbon credit transactions in the voluntary carbon market[J]. Climate Policy,2018-01-01,18(2)