NATIONAL BUREAU OF ECONOMIC RESEARCH
NATIONAL BUREAU OF ECONOMIC RESEARCH

The Economics of Carbon Offsets

James B. Bushnell

NBER Working Paper No. 16305
Issued in August 2010
NBER Program(s):   EEE

Although international programs for carbon offsets play an important role in current and prospective climate-change policy, they continue to be very controversial. Asymmetric information creates several incentive problems, include adverse selection and moral hazard, in offset markets. The current regulatory focus on additionality tends to paint all these problems with a broad brush without proper consideration of the context or their implications.

download in pdf format
   (627 K)

email paper

This paper is available as PDF (627 K) or via email.

Machine-readable bibliographic record - MARC, RIS, BibTeX

Document Object Identifier (DOI): 10.3386/w16305

Published: The Economics of Carbon Offsets, James B. Bushnell. in The Design and Implementation of U.S. Climate Policy, Fullerton and Wolfram. 2012

Users who downloaded this paper also downloaded these:
Conte and Kotchen w15294 Explaining the Price of Voluntary Carbon Offsets
Kaplow w16268 Taxes, Permits, and Climate Change
Hahn and Stavins w15854 The Effect of Allowance Allocations on Cap-and-Trade System Performance
Kolstad w16303 Regulatory Choice with Pollution and Innovation
Krishna w16147 Limiting Emissions and Trade: Some Basic Ideas
 
Publications
Activities
Meetings
NBER Videos
Data
People
About

Support
National Bureau of Economic Research, 1050 Massachusetts Ave., Cambridge, MA 02138; 617-868-3900; email: info@nber.org

Contact Us