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2006. S. Carbon Policy Strategies. Arlington,VA: Pew Center on Global Climate Change. , and K. Richards. 2005. S. Forest-Based Carbon Sequestration. Arlington,VA: Pew Center on Global Climate Change. 15. Emissions Offsets in a Greenhouse Gas Cap-and-Trade Policy Brian C. Murray is the director for economic analysis at Duke University’s Nicholas Institute for Environmental Policy Solutions. His experience lies in economics, climate change, ecosystem services, land use, forests, and agriculture. S.
Reserve prices must be backed up by a commitment not to sell allowances for less and a rule about whether and how unsold allowances could be reintroduced into the market. Reserve prices could be set at some absolute level that would presumably grow over time as CO2 caps grow tighter or, after a secondary market has developed, at some fraction of a well-established index of recent prices in the secondary market. Auctions should be open to all qualified participants, namely any entity that can provide assurance of the financial resources to follow through on its bid to purchase allowances.
Climate Policy Options, edited by Raymond J. Kopp and William A. Pizer. Washington, DC: Resources for the Future, 107–116. 13. Addressing Biodiversity and Global Warming by Preserving Tropical Forests Roger A. Sedjo is a senior fellow and the director of the Forest Economics and Policy Program at Resources for the Future. His research includes climate, biofuels, and land use, as well as a variety of forest resource issues. Environmentalists have long been exasperated by the loss of biodiversity from the progressive destruction of tropical forests.