On Avoided Emissions - Rescheduled
The urgency of climate change mitigation has led to widespread adoption of emissions avoidance projects to both reduce and offset emissions. At the core of offset integrity lie leakage, additionality, and permanence. Leakage and additionality, carbon market shorthand for imprecise measures of the economics concept of elasticities and externalities in a short-term or partial equilibrium economy, collapse over time in general equilibrium. As a result, leakage and additionality for avoided emissions projects deconstruct into temporary emissions delays, or the unfortunate absence of permanence. We examine implications of these conclusions in the context of Guyana’s forest protection program under the ART TREES HFLD standard, and early coal retirement projects such as the Energy Transition Accelerator, Singapore's TRACTION program, and the Coal to Clean Credit Initiative. We conclude that avoided emissions investments should be considered contributions to a climate transition but require separation from attribution and accountability.
Speakers: Alicia Seiger and Marc Roston, Sustainable Finance Initiative, Stanford University
This event has been rescheduled for November 21, 2024
Wednesday, 11/20/24
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