Estimation Bias And Monitoring In Clean Development Mechanism Projects

We examine how monitoring reduces incentives of companies to bias reported internal rates of return in CDM projects. These estimates serve as a criterion for admission into a United Nations program that grants tradable carbon emissions permits for carbon-reducing projects in developing countries. Consistent with our expectation, we find that reported rates of return, a key factor for admission to the program, tend to be downwardly biased and are negatively associated with the forecasted carbon reduction. However, monitoring from various sources mitigates some of the distorted incentives and related misreporting.

The Clean Development Mechanism (CDM), a market mechanism under the Kyoto Protocol, has been successful in supporting mitigation actions through carbon inance. With nearly 7,700 projects and 290 Program of Activities registered by the CDM Executive Board, the CDM allows GHG emission reduction projects in developing countries to generate Certiied Emission Reductions which can be used to ofset mandatory or voluntary emission reduction targets. It however requires a robust monitoring, reporting, and veriication (MRV) to ensure social and environmental integrity of such projects and the emissions reductions thereof. This MRV manual is intended to assist CDM project developers in understanding and managing the MRV requirements and process of their CDM projects in a simple step-by-step manner with the help of real examples and practical tips. While this MRV manual has been developed primarily to assist CDM project developers, it also aspires to be of help for projects participating in other existing and emerging market mechanisms. These may include bilateral mechanisms; voluntary carbon markets; regional, national, and subnational carbon markets; and any of the cooperative approaches and new market mechanism for the post-2020 carbon markets consequent to the Paris Agreement adopted at COP21 in December 2015. As carbon markets in the region evolve beyond CDM, there is a strong need to maintain and further build institutional capacities to ensure growth and enhanced efectivity of carbon markets---and this MRV manual is an efort in that direction.

The GHG Protocol Corporate Accounting and Reporting Standard helps companies and other organizations to identify, calculate, and report GHG emissions. It is designed to set the standard for accurate, complete, consistent, relevant and transparent accounting and reporting of GHG emissions.

An authoritative overview of the requirements and costs of monitoring, reporting and verifying emissions from industry to regional and national levels.

An area of tropical forest the size of England continues to be lost each year. This gives rise to around 17 per cent of global greenhouse gas emissions, greater than global emissions from transport. Addressing deforestation is as essential as decarbonising electricity or transport if the world is to avoid dangerous climate change. A failure to act on deforestation could double the cost of avoiding dangerous climate change to 2030. Deforestation is caused by a range of factors, many of which are exacerbated by a growing global population and increasing consumption. Halting deforestation requires: (a) support for rainforest nations to help them manage their development so that it does not allow continued deforestation; (b) management of the demand for commodities whose production encourages deforestation; and (c) the introduction of a mechanism to pay developing countries for maintaining, and in due course recreating, their forests. The UK needs to act in all three areas if its policies on deforestation are to be successful. Ignoring any one undermines the effectiveness and durability of action in the other areas. As part of this work the Government must: remove subsidies that contribute to deforestation, such as biofuels policy; develop sustainability standards for agricultural commodities; implement and enforce government timber procurement; and, seek an EU-wide ban on illegal timber imports combined with robust sanctions. Illegal timber imports are still a fact of life within the UK timber trade. The economic, environmental and development case for immediate action on deforestation is clear. But success is possible only if the international community works together effectively.

Understanding, quantifying, and tracking atmospheric methane and emissions is essential for addressing concerns and informing decisions that affect the climate, economy, and human health and safety. Atmospheric methane is a potent greenhouse gas (GHG) that contributes to global warming. While carbon dioxide is by far the dominant cause of the rise in global average temperatures, methane also plays a significant role because it absorbs more energy per unit mass than carbon dioxide does, giving it a disproportionately large effect on global radiative forcing. In addition to contributing to climate change, methane also affects human health as a precursor to ozone pollution in the lower atmosphere. Improving Characterization of Anthropogenic Methane Emissions in the United States summarizes the current state of understanding of methane emissions sources and the measurement approaches and evaluates opportunities for methodological and inventory development improvements. This report will inform future research agendas of various U.S. agencies, including NOAA, the EPA, the DOE, NASA, the U.S. Department of Agriculture (USDA), and the National Science Foundation (NSF).

'Makes a substantial contribution to the practical, effective analysis of climate change mitigation options in developing countries.' Development And Cooperation 'The book is an excellent exercise and a good source of detailed information, and a basis for further discussions. Any person interested in this major environmental problem should read it.' International Journal of Environment and Pollution 'Markandya and Halsnaes' collection is thoughtfully put together and can be recommended to all the practitioners in the fields of climate change and sustainable development.' The Journal of Energy Literature This text argues that the policies pursued by developing countries will be crucial in determining the progress of climate change. Many are industrializing rapidly and the largest, particularly China and India, could have an impact at least as significant as that of the already industrialized economies - the reason given by President Bush for taking the US out of the Kyoto Protocol. The future of sustainable development in large measure depends on developing countries. This book develops a pragmatic framework for evaluating the climate change options faced by each developing country, depending on their individual circumstances. It assesses present methods, suggests how these might be improved, and proposes ways in which social and developmental aspects can be taken into account. Its discussion of the issues and the methods presented contribute to the practical analysis of climate change mitigation options in developing countries. The book should be useful to professionals, governments, international organizations and environmental groups working on climate change issues; as well as researchers, academics and students in economics, environmental and development studies and international affairs.

Provides specific principles, concepts, and methods for quantifying and reporting GHG reductions from climate change mitigation projects. This report serves as a tool for determining the greenhouse gas emission reduction benefits of climate mitigation projects.

REDD+ must be transformational. REDD+ requires broad institutional and governance reforms, such as tenure, decentralisation, and corruption control. These reforms will enable departures from business as usual, and involve communities and forest users in making and implementing policies that a ect them. Policies must go beyond forestry. REDD+ strategies must include policies outside the forestry sector narrowly de ned, such as agriculture and energy, and better coordinate across sectors to deal with non-forest drivers of deforestation and degradation. Performance-based payments are key, yet limited. Payments based on performance directly incentivise and compensate forest owners and users. But schemes such as payments for environmental services (PES) depend on conditions, such as secure tenure, solid carbon data and transparent governance, that are often lacking and take time to change. This constraint reinforces the need for broad institutional and policy reforms. We must learn from the past. Many approaches to REDD+ now being considered are similar to previous e orts to conserve and better manage forests, often with limited success. Taking on board lessons learned from past experience will improve the prospects of REDD+ e ectiveness. National circumstances and uncertainty must be factored in. Di erent country contexts will create a variety of REDD+ models with di erent institutional and policy mixes. Uncertainties about the shape of the future global REDD+ system, national readiness and political consensus require  exibility and a phased approach to REDD+ implementation.

Some of the nation's estuaries, lakes and other water bodies contain contaminated sediments that can adversely affect fish and wildlife and may then find their way into people's diets. Dredging is one of the few options available for attempting to clean up contaminated sediments, but it can uncover and re-suspend buried contaminants, creating additional exposures for wildlife and people. At the request of Congress, EPA asked the National Research Council (NRC) to evaluate dredging as a cleanup technique. The book finds that, based on a review of available evidence, dredging's ability to decrease environmental and health risks is still an open question. Analysis of pre-dredging and post-dredging at about 20 sites found a wide range of outcomes in terms of surface sediment concentrations of contaminants: some sites showed increases, some no change, and some decreases in concentrations. Evaluating the potential long-term benefits of dredging will require that the U.S. Environmental Protection Agency step up monitoring activities before, during and after individual cleanups to determine whether it is working there and what combinations of techniques are most effective.