Mitigation of greenhouse gas emissions from land use: creating incentives within greenhouse gas emissions trading systems |
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| Authors: | John M Reilly Malcolm O Asadoorian |
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| Institution: | (1) Joint Program on the Science and Policy of Global Change, Massachusetts Institute of Technology, Cambridge, MA, USA |
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| Abstract: | Terrestrial carbon sinks and sources were introduced into climate change mitigation related policy relatively late in the
design of the architecture of those policies. Much literature addresses how terrestrial sources and sinks differ from emissions
from fossil fuel combustion and, hence, is a possible justification for differential treatment of them in policy design. Late
introduction in climate policy discussions and perceived differences appear to have resulted in very different policy approaches
for sinks versus fossil emission sources. The attempt to differentiate has generated complexity in policy design and likely
inefficiency in the operation of these policies. We review these issues and find that the characteristics claimed to apply
to sinks apply as well to fossil sources, and differences that do exist are often more a matter of degree than of kind. Because
cap-and-trade has gained momentum as the instrument of choice to control fossil emissions, we use as a starting point, how
such a cap-and-trade system could be altered to include terrestrial carbon sinks and sources. |
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