Click here for search results
Temporary sequestration credits : an instrument for carbon bears, Volume 1
Author:Kenneth M. Chomitz; Franck Lecocq; Country:World;
Date Stored:2004/01/16Document Date:2003/12/01
Document Type:Policy Research Working PaperSubTopics:Environmental Economics & Policies; Carbon Policy and Trading; Payment Systems & Infrastructure; Montreal Protocol; Banks & Banking Reform; Insurance & Risk Mitigation; Financial Intermediation
Language:EnglishRegion:The World Region
Report Number:WPS3181Collection Title:Policy, Research working paper series ; no. WPS 3181
Volume No:1  

Summary: Temporary crediting of carbon storage is a proposed instrument that allows entities with emissions reductions obligations to defer some obligations for a fixed period of time. This instrument provides a means of guaranteeing the environmental integrity of a carbon sequestration project. But because the user of the temporary credit takes on the liability of renewing it, or replacing it with a permanent credit, the temporary credit must sell at a discount compared with a permanent credit. The authors show that this discount depends on the expected change in price of a permanent credit. Temporary credits have value only if restrictions on carbon emissions are not expected to tighten substantially. The intuition is illustrated by assessing the value of a hypothetical temporary sulfur dioxide sequestration credit using historical data on actual sulfur dioxide allowance prices.

Official Documents
Official, scanned versions of documents (may include signatures, etc.)
File TypeDescriptionFile Size (mb)
PDF 14 pagesOfficial version*0.98 (approx.)
TextText version**
How To Order
Light-Weight Documents
Lighter (less MB) documents which may or may not be the final, official version
File TypeDescriptionFile Size (mb)
PDF 14 pagesWPS31810.21

* The official version is derived from scanning the final, paper copy of the document and is the official,
archived version including all signatures, charts, etc.
** The text version is the OCR text of the final scanned version and is not an accurate representation of the final text.
It is provided solely to benefit users with slow connectivity.

Permanent URL for this page: