Alternative Approaches to Addressing the Risk of Non-Permanence in Afforestation and Reforestation Projects under the Clean Development Mechanism [electronic resource] / Brian C. Murray.

By: Murray, Brian CContributor(s): Cottle, Phil | Galik, Christopher S | Mitchell, Stephen | Murray, Brian CMaterial type: TextTextSeries: Other papers | World Bank e-LibraryPublication details: Washington, D.C. : The World Bank, 2012Subject(s): Accounting | Afforestation | Bonds | Carbon Credits | Carbon Dioxide | Carbon Emissions | Carbon Finance | Carbon Policy and Trading | Carbon Sinks | Clean Development Mechanism | Climate | Climate Change | Climate Change Economics | Climate Change Mitigation and Green House Gases | Credibility | Debt | Debt Markets | Developing Countries | Emissions | Environment | Environmental Policy | Expenditures | Feasibility | Finance and Financial Sector Development | Forests | Global Warming | Greenhouse Gases | Host Countries | Inflation | Insurance | Insurance & Risk Mitigation | Land-Use Change | Macroeconomics and Economic Growth | Moral Hazard | Risk Assessment | Risk Management | Savings | Transaction CostsOnline resources: Click here to access online Abstract: The report provides quantitative and qualitative insights into the performance of different non-permanence approaches for consideration of parties. This note summarizes the results of the analysis presented in the report. Besides the existing mechanism for temporary crediting, the study analyzed a range of alternative approaches to addressing non-permanence, including those considered in prior deliberations of the United Nations Framework Convention on Climate Change (UNFCCC). The approaches address the risk of non-permanence in several ways. Under the tonne year accounting, credits are issued for the increments of carbon sequestered corresponding to a defined permanence period, and their quantity depends on the carbon stored in biomass each year of the permanence period. However, this approach has not been implemented by any standard. These approaches are not mutually exclusive, but can be used in tandem with each other.
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The report provides quantitative and qualitative insights into the performance of different non-permanence approaches for consideration of parties. This note summarizes the results of the analysis presented in the report. Besides the existing mechanism for temporary crediting, the study analyzed a range of alternative approaches to addressing non-permanence, including those considered in prior deliberations of the United Nations Framework Convention on Climate Change (UNFCCC). The approaches address the risk of non-permanence in several ways. Under the tonne year accounting, credits are issued for the increments of carbon sequestered corresponding to a defined permanence period, and their quantity depends on the carbon stored in biomass each year of the permanence period. However, this approach has not been implemented by any standard. These approaches are not mutually exclusive, but can be used in tandem with each other.

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