- Title Pages
- A National Bureau of Economic Research Conference Report
- National Bureau of Economic Research
- Acknowledgments
- Introduction and Summary
- 1 Distributional Impacts in a Comprehensive Climate Policy Package
- 2 Climate Policy and Labor Markets
- 3 Limiting Emissions and Trade
- 4. Regulatory Choice with Pollution and Innovation
- 5. Spillovers from Climate Policy to Other Pollutants
- 6 Markets for Anthropogenic Carbon within the Larger Carbon Cycle
- 7 Interactions between State and Federal Climate Change Policies
- 8 Belts and Suspenders
- 9 Climate Policy and Voluntary Initiatives
- 10 Updating the Allocation of Greenhouse Gas Emissions Permits in a Federal Cap-and-Trade Program
- 11 Upstream versus Downstream Implementation of Climate Policy
- 12 The Economics of Carbon Offsets
- 13 Monitoring and Enforcement of Climate Policy
- 14 How Can Policy Encourage Economically Sensible Climate Adaptation?
- 15 Setting the Initial Time-Profile of Climate Policy
- 16 Urban Policy Effects on Carbon Mitigation
- 17 Is Agricultural Production Becoming More or Less Sensitive to Extreme Heat?
- 18 Carbon Prices and Automobile Greenhouse Gas Emissions The Extensive and Intensive Margins
- 19 Evaluating the Slow Adoption of Energy Efficient Investments
- Contributors
- Author Index
- Subject Index
The Economics of Carbon Offsets
The Economics of Carbon Offsets
- Chapter:
- (p.197) 12 The Economics of Carbon Offsets
- Source:
- The Design and Implementation of US Climate Policy
- Author(s):
James B. Bushnell
Ryan Sandler
- Publisher:
- University of Chicago Press
This chapter discusses the potential of carbon offset mechanisms for reducing mitigation costs. Offset programs involve paying firms to reduce their greenhouse gas emissions rather than raising the costs of continuing to emit. The chapter discusses the institutional factors that cause enforcement problems, including two classic regulatory problems—moral hazard and adverse selection—and also considers the various policy tools which have been adopted to address the difficulties in offset market design.
Keywords: carbon offsets, mitigation costs, greenhouse gas emissions, moral hazard, adverse selection, offset market design
Chicago Scholarship Online requires a subscription or purchase to access the full text of books within the service. Public users can however freely search the site and view the abstracts and keywords for each book and chapter.
Please, subscribe or login to access full text content.
If you think you should have access to this title, please contact your librarian.
To troubleshoot, please check our FAQs, and if you can't find the answer there, please contact us.
- Title Pages
- A National Bureau of Economic Research Conference Report
- National Bureau of Economic Research
- Acknowledgments
- Introduction and Summary
- 1 Distributional Impacts in a Comprehensive Climate Policy Package
- 2 Climate Policy and Labor Markets
- 3 Limiting Emissions and Trade
- 4. Regulatory Choice with Pollution and Innovation
- 5. Spillovers from Climate Policy to Other Pollutants
- 6 Markets for Anthropogenic Carbon within the Larger Carbon Cycle
- 7 Interactions between State and Federal Climate Change Policies
- 8 Belts and Suspenders
- 9 Climate Policy and Voluntary Initiatives
- 10 Updating the Allocation of Greenhouse Gas Emissions Permits in a Federal Cap-and-Trade Program
- 11 Upstream versus Downstream Implementation of Climate Policy
- 12 The Economics of Carbon Offsets
- 13 Monitoring and Enforcement of Climate Policy
- 14 How Can Policy Encourage Economically Sensible Climate Adaptation?
- 15 Setting the Initial Time-Profile of Climate Policy
- 16 Urban Policy Effects on Carbon Mitigation
- 17 Is Agricultural Production Becoming More or Less Sensitive to Extreme Heat?
- 18 Carbon Prices and Automobile Greenhouse Gas Emissions The Extensive and Intensive Margins
- 19 Evaluating the Slow Adoption of Energy Efficient Investments
- Contributors
- Author Index
- Subject Index
