Impacts of the Fairly Priced REDD-based CO2 Offset Options on the Electricity Producers and Consumers
| Autor: | Andrey Andreyevich Krasovskii, Nikolay Vasil'evich Khabarov, Michael Obersteiner |
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| Jazyk: | English<br />Russian |
| Rok vydání: | 2014 |
| Předmět: | |
| Zdroj: | Экономика региона, Vol 2014, Iss 3, Pp 273-288 (2014) |
| Druh dokumentu: | article |
| ISSN: | 2072-6414 2411-1406 |
| DOI: | 10.17059/2014-3-27 |
| Popis: | This paper deals with the modeling of two sectors of a regional economy: electricity and forestry. We show that CO2 price will impact not only the profits of the CO2 emitting electricity producer (decrease), but also the electricity prices for the consumer (increase), and, hence, some financial instruments might be implemented today in order to be prepared for the uncertain CO2 prices in the future. We elaborate financial instrument based on the Reduced Emissions from Deforestation and Degradation (REDD+) mechanism. We model optimal behavior of forest owner and electricity producer under uncertainty and determine equilibrium fair prices of REDD-based-options. |
| Databáze: | Directory of Open Access Journals |
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