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Uncertainty in Estimates, Incentives, and Emission Reductions in REDD+ Projects
The accurate monitoring and measurement of emission reductions is a critical step in Reducing Emissions from Deforestation and Degradation (REDD+). However, the existence of uncertainty in emission reduction estimates affects the performance of REDD+ projects. We assert that incentive could be a val...
Autores principales: | , , |
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Formato: | Online Artículo Texto |
Lenguaje: | English |
Publicado: |
MDPI
2018
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Materias: | |
Acceso en línea: | https://www.ncbi.nlm.nih.gov/pmc/articles/PMC6069055/ https://www.ncbi.nlm.nih.gov/pubmed/30037069 http://dx.doi.org/10.3390/ijerph15071544 |
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author | Sheng, Jichuan Zhou, Weihai de Sherbinin, Alex |
author_facet | Sheng, Jichuan Zhou, Weihai de Sherbinin, Alex |
author_sort | Sheng, Jichuan |
collection | PubMed |
description | The accurate monitoring and measurement of emission reductions is a critical step in Reducing Emissions from Deforestation and Degradation (REDD+). However, the existence of uncertainty in emission reduction estimates affects the performance of REDD+ projects. We assert that incentive could be a valuable policy tool for reducing monitoring errors and transaction costs. Using Stackelberg models and simulation research, this paper examines the effects of uncertainty and incentive on performance and stakeholder benefits of REDD+ projects. Finally, the uncertainties in REDD+ projects are further discussed, and equilibrium errors, emission reductions, and stakeholder benefits in different scenarios are compared. The results show that errors do affect the measured value of carbon emissions and compensation payments. However, incentive for investors can reduce monitoring errors and improve the performance of REDD+ projects. Therefore, in the future, incentive should be provided to investors rather than landholders. |
format | Online Article Text |
id | pubmed-6069055 |
institution | National Center for Biotechnology Information |
language | English |
publishDate | 2018 |
publisher | MDPI |
record_format | MEDLINE/PubMed |
spelling | pubmed-60690552018-08-07 Uncertainty in Estimates, Incentives, and Emission Reductions in REDD+ Projects Sheng, Jichuan Zhou, Weihai de Sherbinin, Alex Int J Environ Res Public Health Article The accurate monitoring and measurement of emission reductions is a critical step in Reducing Emissions from Deforestation and Degradation (REDD+). However, the existence of uncertainty in emission reduction estimates affects the performance of REDD+ projects. We assert that incentive could be a valuable policy tool for reducing monitoring errors and transaction costs. Using Stackelberg models and simulation research, this paper examines the effects of uncertainty and incentive on performance and stakeholder benefits of REDD+ projects. Finally, the uncertainties in REDD+ projects are further discussed, and equilibrium errors, emission reductions, and stakeholder benefits in different scenarios are compared. The results show that errors do affect the measured value of carbon emissions and compensation payments. However, incentive for investors can reduce monitoring errors and improve the performance of REDD+ projects. Therefore, in the future, incentive should be provided to investors rather than landholders. MDPI 2018-07-21 2018-07 /pmc/articles/PMC6069055/ /pubmed/30037069 http://dx.doi.org/10.3390/ijerph15071544 Text en © 2018 by the authors. Licensee MDPI, Basel, Switzerland. This article is an open access article distributed under the terms and conditions of the Creative Commons Attribution (CC BY) license (http://creativecommons.org/licenses/by/4.0/). |
spellingShingle | Article Sheng, Jichuan Zhou, Weihai de Sherbinin, Alex Uncertainty in Estimates, Incentives, and Emission Reductions in REDD+ Projects |
title | Uncertainty in Estimates, Incentives, and Emission Reductions in REDD+ Projects |
title_full | Uncertainty in Estimates, Incentives, and Emission Reductions in REDD+ Projects |
title_fullStr | Uncertainty in Estimates, Incentives, and Emission Reductions in REDD+ Projects |
title_full_unstemmed | Uncertainty in Estimates, Incentives, and Emission Reductions in REDD+ Projects |
title_short | Uncertainty in Estimates, Incentives, and Emission Reductions in REDD+ Projects |
title_sort | uncertainty in estimates, incentives, and emission reductions in redd+ projects |
topic | Article |
url | https://www.ncbi.nlm.nih.gov/pmc/articles/PMC6069055/ https://www.ncbi.nlm.nih.gov/pubmed/30037069 http://dx.doi.org/10.3390/ijerph15071544 |
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