Incentive Contracts for Environmental Services and Their Potential in REDD

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collection.link.5
https://openknowledge.worldbank.org/handle/10986/9
collection.name.5
Policy Research Working Papers
dc.contributor.author
Fortmann, Lea
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dc.contributor.author
Cordero, Paula
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dc.contributor.author
Sohngen, Brent
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dc.contributor.author
Roe, Brian
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dc.date.accessioned
2014-04-10T18:50:31Z
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dc.date.available
2014-04-10T18:50:31Z
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dc.date.issued
2014-04
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dc.description.abstract
Implementation 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.
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dc.identifier.uri
http://hdl.handle.net/10986/17712
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dc.language
English
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dc.language.iso
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dc.publisher
World Bank, Washington, DC
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dc.relation.ispartofseries
Policy Research Working Paper;No. 6829
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dc.rights
CC BY 3.0 IGO
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dc.rights.uri
http://creativecommons.org/licenses/by/3.0/igo/
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dc.subject
ABATEMENT
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dc.subject
ABATEMENT COSTS
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dc.subject
ACCOUNTING
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dc.subject
ADVERSE SELECTION
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dc.subject
AFFORESTATION
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AFFORESTATION PROJECTS
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dc.subject
AGRICULTURAL COMMODITIES
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dc.subject
AGRICULTURAL PRODUCTION
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dc.subject
AIR
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dc.subject
ANNUAL CHANGE
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dc.subject
ANNUAL COSTS
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dc.subject
ASYMMETRIC INFORMATION
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dc.subject
AUCTIONS
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BARREN LANDS
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BASELINE LEVELS
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BENEFICIARIES
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BIOMASS
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dc.subject
BUY BACK
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dc.subject
CAPACITY BUILDING
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dc.subject
CAPS
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dc.subject
CARBON CREDITS
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dc.subject
CARBON DIOXIDE
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dc.subject
CARBON DIOXIDE EMISSIONS
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dc.subject
CARBON EMISSIONS
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CARBON FINANCE
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dc.subject
CARBON MARKET
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CARBON MARKETS
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CARBON MEASUREMENT
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CARBON OFFSET
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CARBON OFFSETS
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CARBON PRICE
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CARBON PRICES
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CARBON SEQUESTRATION
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CARBON STOCKS
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CARBON STORAGE
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CARBON TRADING
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dc.subject
CASH PAYMENTS
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CERTIFIED EMISSION REDUCTIONS
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dc.subject
CHECKS
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dc.subject
CLEAN DEVELOPMENT MECHANISM
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dc.subject
CLIMATE
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CLIMATE CHANGE
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CLIMATE CHANGE MITIGATION
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dc.subject
CLIMATE POLICY
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dc.subject
CO
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CO2
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CONDITIONALITY
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CONSERVATION RESERVE PROGRAM
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dc.subject
CONTRACT DESIGN
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dc.subject
COST ESTIMATES
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dc.subject
CREDIT SALES
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DEFORESTATION RATES
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DEGRADED LAND
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dc.subject
DEGREE OF RISK
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dc.subject
DEVELOPED COUNTRIES
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DEVELOPING COUNTRIES
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DEVELOPING COUNTRY
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dc.subject
DEVELOPMENT ECONOMICS
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dc.subject
DISCOUNT RATE
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DISCOUNT RATES
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DRIVERS OF DEFORESTATION
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dc.subject
DROUGHT
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ECOLOGICAL ECONOMICS
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dc.subject
ECOLOGY
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dc.subject
ECONOMIC CONDITIONS
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ECONOMIC MODELS
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ECONOMIC RISKS
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dc.subject
ECONOMICS
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dc.subject
ECONOMIES OF SCALE
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ECOSYSTEM
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EFFICIENCY GAINS
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ELECTRIC POWER
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dc.subject
EMISSION CAP
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EMISSION LEVELS
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EMISSION REDUCTIONS
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EMISSIONS FROM DEFORESTATION
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EMISSIONS LEVELS
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dc.subject
EMISSIONS REDUCTION
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ENERGY SOURCES
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dc.subject
ENFORCEABILITY
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ENFORCEMENT SYSTEMS
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ENVIRONMENTAL
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ENVIRONMENTAL BENEFITS
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ENVIRONMENTAL DAMAGES
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ENVIRONMENTAL ECONOMICS
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dc.subject
ENVIRONMENTAL GOODS
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dc.subject
ENVIRONMENTAL PROTECTION
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dc.subject
ENVIRONMENTS
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dc.subject
EROSION CONTROL
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EXPENDITURE
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EXPENDITURES
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EXTERNALITIES
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FINANCIAL INCENTIVES
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FINANCIAL SUPPORT
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FIRE MANAGEMENT
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FIXED COSTS
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FOREST
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FOREST AREA
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FOREST AREAS
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FOREST CARBON
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FOREST CARBON SEQUESTRATION
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FOREST CARBON STORAGE
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FOREST COMMUNITIES
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FOREST CONSERVATION
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FOREST CONVERSION
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FOREST DEGRADATION
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FOREST FIRE
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FOREST FIRES
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FOREST INVENTORIES
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FOREST INVENTORY
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FOREST LAND
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FOREST MANAGEMENT
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FOREST MANAGEMENT ACTIVITIES
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FOREST OFFSET
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FOREST PROJECT
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FOREST PROJECTS
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FOREST PROTECTION
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FOREST RESOURCES
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FOREST SERVICE
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FOREST SYSTEMS
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FORESTRY
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FORESTRY ACTIVITIES
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FORESTRY PROJECTS
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FORESTRY SECTOR
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FORESTS
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FOSSIL FUEL
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FOSSIL FUEL EMISSION
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FRAMEWORK CONVENTION ON CLIMATE CHANGE
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GHG
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GHGS
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GLOBAL EMISSIONS
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GLOBAL GREENHOUSE GAS
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GREENHOUSE
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GREENHOUSE GAS
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GREENHOUSE GAS EMISSIONS
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HOLDING
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IMPERFECT INFORMATION
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INCOME
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INFRASTRUCTURE DEVELOPMENT
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INSURANCE
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INTEREST RATE
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INTERNATIONAL BANK
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INTERNATIONAL MARKET
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INTERNATIONAL MARKETS
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INVESTING
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IPCC
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LAKES
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LAND HOLDINGS
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LAND MANAGEMENT
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LAND USE
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LAND-USE CHANGE
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LANDHOLDER
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LANDHOLDERS
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LANDOWNER
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LANDOWNERS
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LEGAL SYSTEMS
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LEVEL OF RISK
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LIABILITY
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LOAN
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LOCAL GOVERNMENT
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LOCAL GOVERNMENTS
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LOGGING
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LOWER COSTS
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LOWER PRICES
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MARGINAL COST
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MARGINAL COSTS
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MARKET PRICE
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MARKET PRICES
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MARKET TRANSACTIONS
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METHANE
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MODEL CONTRACTS
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MONETARY BENEFITS
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MORAL HAZARD
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NATIONAL EMISSIONS
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OFFSET PRICE
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OFFSET PROJECTS
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OPPORTUNITY COST
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OPPORTUNITY COSTS
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OPTIMAL CONTRACT
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OPTIMAL CONTRACTS
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ORIGINAL CONTRACT
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dc.subject
PARTICIPATION CONSTRAINTS
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dc.subject
PENALTIES
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PERFECT INFORMATION
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dc.subject
PLEDGES
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POLICY MAKERS
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POPULATION PRESSURES
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PORTFOLIO
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PORTFOLIOS
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dc.subject
PP
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PRIVATE ENFORCEMENT
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PRIVATE INFORMATION
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dc.subject
PROPERTY RIGHTS
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REDUCING EMISSIONS
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REPAYMENT
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REPAYMENTS
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dc.subject
RESERVE
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RESERVES
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RESOURCE ECONOMICS
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dc.subject
RETURN
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RURAL COMMUNITIES
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SCENARIOS
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dc.subject
SET ASIDE
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SOCIAL CAPITAL
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SOIL CARBON
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dc.subject
STORMS
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STREAMS
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SUPPLY SIDE
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SUSTAINABLE DEVELOPMENT
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SUSTAINABLE FOREST
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SUSTAINABLE FOREST MANAGEMENT
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TIMBER
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TOTAL COSTS
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TOTAL EMISSIONS
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TOTAL EMISSIONS REDUCTIONS
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TRADE SYSTEM
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TRADEOFFS
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dc.subject
TRANSACTION
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dc.subject
TRANSACTION COSTS
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TRANSACTIONS COSTS
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TRANSPARENCY
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dc.subject
TROPICAL FOREST
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dc.subject
TROPICAL FOREST REGIONS
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dc.subject
TROPICAL FORESTS
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dc.subject
TRUST FUND
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dc.subject
UNCERTAINTIES
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dc.subject
UNEP
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dc.subject
VARIABLE COSTS
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dc.subject
WATER QUALITY
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dc.subject
WIND
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dc.subject
WITHDRAWAL
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dc.title
Incentive Contracts for Environmental Services and Their Potential in REDD
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okr.crosscuttingsolutionarea
Climate Change
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okr.date.disclosure
2014-04-01
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okr.doctype
Publications & Research :: Policy Research Working Paper
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okr.doctype
Publications & Research
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okr.docurl
http://documents.worldbank.org/curated/en/2014/04/19332144/incentive-contracts-environmental-services-potential-redd
en_US
okr.globalpractice
Macroeconomics and Fiscal Management
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okr.globalpractice
Environment and Natural Resources
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okr.globalpractice
Finance and Markets
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okr.globalpractice
Energy and Extractives
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okr.googlescholar.linkpresent
yes
okr.identifier.doi
10.1596/1813-9450-6829
en_US
okr.identifier.externaldocumentum
000158349_20140402103208
en_US
okr.identifier.internaldocumentum
19332144
en_US
okr.identifier.report
WPS6829
en_US
okr.pdfurl
http://www-wds.worldbank.org/external/default/WDSContentServer/WDSP/IB/2014/04/02/000158349_20140402103208/Rendered/PDF/WPS6829.pdf
en_US
okr.topic
Environment :: Climate Change Mitigation and Green House Gases
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okr.topic
Macroeconomics and Economic Growth :: Climate Change Economics
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okr.topic
Finance and Financial Sector Development :: Debt Markets
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okr.topic
Environment :: Environment and Energy Efficiency
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okr.topic
Environmental Economics and Policies
en_US
okr.unit
Off of Sr VP Dev Econ/Chief Econ (DECVP)
en_US
okr.volume
1 of 1
en_US

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