Do Carbon Offsets Offset Carbon?
نویسندگان
چکیده
We develop and implement a new method for identifying wasted subsidies, use it to provide systematic evidence on the misallocation of carbon offsets in Clean Development Mechanism—the world’s largest offset program. Using newly constructed data locations characteristics 1,350 wind farms India—a context where was believed, ex ante, that Mechanism could significantly increase development above baseline projections—we estimate at least 52% approved were allocated projects would very likely have been built anyway. In addition wasting scarce resources, we sale these regulated polluters has substantially increased global dioxide emissions.
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ژورنال
عنوان ژورنال: Social Science Research Network
سال: 2021
ISSN: ['1556-5068']
DOI: https://doi.org/10.2139/ssrn.3950103