Publication:
Incentive Contracts for Environmental Services and Their Potential in REDD

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dc.contributor.authorFortmann, Lea
dc.contributor.authorCordero, Paula
dc.contributor.authorSohngen, Brent
dc.contributor.authorRoe, Brian
dc.date.accessioned2014-04-10T18:50:31Z
dc.date.available2014-04-10T18:50:31Z
dc.date.issued2014-04
dc.description.abstractImplementation arrangements for Reducing Greenhouse Gas Emissions from Deforestation and Forest Degradation can be seen as contracts that could address some of the inherent problems with forest carbon credits that often lead to high transaction costs -- measuring, monitoring, and verification. Self-enforcing contracts, where it is in the best interest of the environmental service providers to comply with the contracts, may be one way to reduce these costs if providers have incentives to uphold their end of the contract. While the literature on Reducing Greenhouse Gas Emissions from Deforestation and Forest Degradation is extensive, there is little information available to guide policy makers or investors on what form such contracts should take. After providing an overview of the current status of Reducing Greenhouse Gas Emissions from Deforestation and Forest Degradation and its role as a tool for reducing carbon emissions on an international scale, the paper describes key issues regarding implementation and reviews the literature on contracts from the related area of Payments for Ecosystem Services programs, which face similar challenges. The remainder of the paper reviews various contractual mechanisms from agricultural and forestry related projects that have been proposed or are being used in practice and discusses the various implications associated with their design and implementation.en
dc.identifierhttp://documents.worldbank.org/curated/en/2014/04/19332144/incentive-contracts-environmental-services-potential-redd
dc.identifier.doi10.1596/1813-9450-6829
dc.identifier.urihttps://hdl.handle.net/10986/17712
dc.languageEnglish
dc.language.isoen_US
dc.publisherWorld Bank, Washington, DC
dc.relation.ispartofseriesPolicy Research Working Paper;No. 6829
dc.rightsCC BY 3.0 IGO
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/igo/
dc.subjectABATEMENT
dc.subjectABATEMENT COSTS
dc.subjectACCOUNTING
dc.subjectADVERSE SELECTION
dc.subjectAFFORESTATION
dc.subjectAFFORESTATION PROJECTS
dc.subjectAGRICULTURAL COMMODITIES
dc.subjectAGRICULTURAL PRODUCTION
dc.subjectAIR
dc.subjectANNUAL CHANGE
dc.subjectANNUAL COSTS
dc.subjectASYMMETRIC INFORMATION
dc.subjectAUCTIONS
dc.subjectBARREN LANDS
dc.subjectBASELINE LEVELS
dc.subjectBENEFICIARIES
dc.subjectBIOMASS
dc.subjectBUY BACK
dc.subjectCAPACITY BUILDING
dc.subjectCAPS
dc.subjectCARBON CREDITS
dc.subjectCARBON DIOXIDE
dc.subjectCARBON DIOXIDE EMISSIONS
dc.subjectCARBON EMISSIONS
dc.subjectCARBON FINANCE
dc.subjectCARBON MARKET
dc.subjectCARBON MARKETS
dc.subjectCARBON MEASUREMENT
dc.subjectCARBON OFFSET
dc.subjectCARBON OFFSETS
dc.subjectCARBON PRICE
dc.subjectCARBON PRICES
dc.subjectCARBON SEQUESTRATION
dc.subjectCARBON STOCKS
dc.subjectCARBON STORAGE
dc.subjectCARBON TRADING
dc.subjectCASH PAYMENTS
dc.subjectCERTIFIED EMISSION REDUCTIONS
dc.subjectCHECKS
dc.subjectCLEAN DEVELOPMENT MECHANISM
dc.subjectCLIMATE
dc.subjectCLIMATE CHANGE
dc.subjectCLIMATE CHANGE MITIGATION
dc.subjectCLIMATE POLICY
dc.subjectCO
dc.subjectCO2
dc.subjectCONDITIONALITY
dc.subjectCONSERVATION RESERVE PROGRAM
dc.subjectCONTRACT DESIGN
dc.subjectCOST ESTIMATES
dc.subjectCREDIT SALES
dc.subjectDEFORESTATION RATES
dc.subjectDEGRADED LAND
dc.subjectDEGREE OF RISK
dc.subjectDEVELOPED COUNTRIES
dc.subjectDEVELOPING COUNTRIES
dc.subjectDEVELOPING COUNTRY
dc.subjectDEVELOPMENT ECONOMICS
dc.subjectDISCOUNT RATE
dc.subjectDISCOUNT RATES
dc.subjectDRIVERS OF DEFORESTATION
dc.subjectDROUGHT
dc.subjectECOLOGICAL ECONOMICS
dc.subjectECOLOGY
dc.subjectECONOMIC CONDITIONS
dc.subjectECONOMIC MODELS
dc.subjectECONOMIC RISKS
dc.subjectECONOMICS
dc.subjectECONOMIES OF SCALE
dc.subjectECOSYSTEM
dc.subjectEFFICIENCY GAINS
dc.subjectELECTRIC POWER
dc.subjectEMISSION CAP
dc.subjectEMISSION LEVELS
dc.subjectEMISSION REDUCTIONS
dc.subjectEMISSIONS FROM DEFORESTATION
dc.subjectEMISSIONS LEVELS
dc.subjectEMISSIONS REDUCTION
dc.subjectENERGY SOURCES
dc.subjectENFORCEABILITY
dc.subjectENFORCEMENT SYSTEMS
dc.subjectENVIRONMENTAL
dc.subjectENVIRONMENTAL BENEFITS
dc.subjectENVIRONMENTAL DAMAGES
dc.subjectENVIRONMENTAL ECONOMICS
dc.subjectENVIRONMENTAL GOODS
dc.subjectENVIRONMENTAL PROTECTION
dc.subjectENVIRONMENTS
dc.subjectEROSION CONTROL
dc.subjectEXPENDITURE
dc.subjectEXPENDITURES
dc.subjectEXTERNALITIES
dc.subjectFINANCIAL INCENTIVES
dc.subjectFINANCIAL SUPPORT
dc.subjectFIRE MANAGEMENT
dc.subjectFIXED COSTS
dc.subjectFOREST
dc.subjectFOREST AREA
dc.subjectFOREST AREAS
dc.subjectFOREST CARBON
dc.subjectFOREST CARBON SEQUESTRATION
dc.subjectFOREST CARBON STORAGE
dc.subjectFOREST COMMUNITIES
dc.subjectFOREST CONSERVATION
dc.subjectFOREST CONVERSION
dc.subjectFOREST DEGRADATION
dc.subjectFOREST FIRE
dc.subjectFOREST FIRES
dc.subjectFOREST INVENTORIES
dc.subjectFOREST INVENTORY
dc.subjectFOREST LAND
dc.subjectFOREST MANAGEMENT
dc.subjectFOREST MANAGEMENT ACTIVITIES
dc.subjectFOREST OFFSET
dc.subjectFOREST PROJECT
dc.subjectFOREST PROJECTS
dc.subjectFOREST PROTECTION
dc.subjectFOREST RESOURCES
dc.subjectFOREST SERVICE
dc.subjectFOREST SYSTEMS
dc.subjectFORESTRY
dc.subjectFORESTRY ACTIVITIES
dc.subjectFORESTRY PROJECTS
dc.subjectFORESTRY SECTOR
dc.subjectFORESTS
dc.subjectFOSSIL FUEL
dc.subjectFOSSIL FUEL EMISSION
dc.subjectFRAMEWORK CONVENTION ON CLIMATE CHANGE
dc.subjectGHG
dc.subjectGHGS
dc.subjectGLOBAL EMISSIONS
dc.subjectGLOBAL GREENHOUSE GAS
dc.subjectGREENHOUSE
dc.subjectGREENHOUSE GAS
dc.subjectGREENHOUSE GAS EMISSIONS
dc.subjectHOLDING
dc.subjectIMPERFECT INFORMATION
dc.subjectINCOME
dc.subjectINFRASTRUCTURE DEVELOPMENT
dc.subjectINSURANCE
dc.subjectINTEREST RATE
dc.subjectINTERNATIONAL BANK
dc.subjectINTERNATIONAL MARKET
dc.subjectINTERNATIONAL MARKETS
dc.subjectINVESTING
dc.subjectIPCC
dc.subjectLAKES
dc.subjectLAND HOLDINGS
dc.subjectLAND MANAGEMENT
dc.subjectLAND USE
dc.subjectLAND-USE CHANGE
dc.subjectLANDHOLDER
dc.subjectLANDHOLDERS
dc.subjectLANDOWNER
dc.subjectLANDOWNERS
dc.subjectLEGAL SYSTEMS
dc.subjectLEVEL OF RISK
dc.subjectLIABILITY
dc.subjectLOAN
dc.subjectLOCAL GOVERNMENT
dc.subjectLOCAL GOVERNMENTS
dc.subjectLOGGING
dc.subjectLOWER COSTS
dc.subjectLOWER PRICES
dc.subjectMARGINAL COST
dc.subjectMARGINAL COSTS
dc.subjectMARKET PRICE
dc.subjectMARKET PRICES
dc.subjectMARKET TRANSACTIONS
dc.subjectMETHANE
dc.subjectMODEL CONTRACTS
dc.subjectMONETARY BENEFITS
dc.subjectMORAL HAZARD
dc.subjectNATIONAL EMISSIONS
dc.subjectOFFSET PRICE
dc.subjectOFFSET PROJECTS
dc.subjectOPPORTUNITY COST
dc.subjectOPPORTUNITY COSTS
dc.subjectOPTIMAL CONTRACT
dc.subjectOPTIMAL CONTRACTS
dc.subjectORIGINAL CONTRACT
dc.subjectPARTICIPATION CONSTRAINTS
dc.subjectPENALTIES
dc.subjectPERFECT INFORMATION
dc.subjectPLEDGES
dc.subjectPOLICY MAKERS
dc.subjectPOPULATION PRESSURES
dc.subjectPORTFOLIO
dc.subjectPORTFOLIOS
dc.subjectPP
dc.subjectPRIVATE ENFORCEMENT
dc.subjectPRIVATE INFORMATION
dc.subjectPROPERTY RIGHTS
dc.subjectREDUCING EMISSIONS
dc.subjectREPAYMENT
dc.subjectREPAYMENTS
dc.subjectRESERVE
dc.subjectRESERVES
dc.subjectRESOURCE ECONOMICS
dc.subjectRETURN
dc.subjectRURAL COMMUNITIES
dc.subjectSCENARIOS
dc.subjectSET ASIDE
dc.subjectSOCIAL CAPITAL
dc.subjectSOIL CARBON
dc.subjectSTORMS
dc.subjectSTREAMS
dc.subjectSUPPLY SIDE
dc.subjectSUSTAINABLE DEVELOPMENT
dc.subjectSUSTAINABLE FOREST
dc.subjectSUSTAINABLE FOREST MANAGEMENT
dc.subjectTIMBER
dc.subjectTOTAL COSTS
dc.subjectTOTAL EMISSIONS
dc.subjectTOTAL EMISSIONS REDUCTIONS
dc.subjectTRADE SYSTEM
dc.subjectTRADEOFFS
dc.subjectTRANSACTION
dc.subjectTRANSACTION COSTS
dc.subjectTRANSACTIONS COSTS
dc.subjectTRANSPARENCY
dc.subjectTROPICAL FOREST
dc.subjectTROPICAL FOREST REGIONS
dc.subjectTROPICAL FORESTS
dc.subjectTRUST FUND
dc.subjectUNCERTAINTIES
dc.subjectUNEP
dc.subjectVARIABLE COSTS
dc.subjectWATER QUALITY
dc.subjectWIND
dc.subjectWITHDRAWAL
dc.titleIncentive Contracts for Environmental Services and Their Potential in REDDen
dspace.entity.typePublication
okr.crosscuttingsolutionareaClimate Change
okr.crossref.titleIncentive Contracts for Environmental Services and Their Potential in REDD
okr.date.disclosure2014-04-01
okr.date.doiregistration2025-04-10T11:33:06.977681Z
okr.doctypePublications & Research::Policy Research Working Paper
okr.doctypePublications & Research
okr.docurlhttp://documents.worldbank.org/curated/en/2014/04/19332144/incentive-contracts-environmental-services-potential-redd
okr.globalpracticeMacroeconomics and Fiscal Management
okr.globalpracticeEnvironment and Natural Resources
okr.globalpracticeFinance and Markets
okr.globalpracticeEnergy and Extractives
okr.guid844911468179324876
okr.identifier.doi10.1596/1813-9450-6829
okr.identifier.externaldocumentum000158349_20140402103208
okr.identifier.internaldocumentum19332144
okr.identifier.reportWPS6829
okr.language.supporteden
okr.pdfurlhttp://www-wds.worldbank.org/external/default/WDSContentServer/WDSP/IB/2014/04/02/000158349_20140402103208/Rendered/PDF/WPS6829.pdfen
okr.topicEnvironment::Climate Change Mitigation and Green House Gases
okr.topicMacroeconomics and Economic Growth::Climate Change Economics
okr.topicFinance and Financial Sector Development::Debt Markets
okr.topicEnvironment::Environment and Energy Efficiency
okr.topicEnvironmental Economics and Policies
okr.unitOff of Sr VP Dev Econ/Chief Econ (DECVP)
okr.volume1 of 1
relation.isSeriesOfPublication26e071dc-b0bf-409c-b982-df2970295c87
relation.isSeriesOfPublication.latestForDiscovery26e071dc-b0bf-409c-b982-df2970295c87
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