DSpace Repository

Emission Reduction Purchase Agreements for Reduced Emissions from Deforestation and Forest Degradation Projects: an Analysis of the Key Issues

Show simple item record

dc.contributor.author Mulholland, Mark
dc.date.accessioned 2012-07-30T05:27:39Z
dc.date.accessioned 2022-11-01T22:37:13Z
dc.date.available 2012-07-30T05:27:39Z
dc.date.available 2022-11-01T22:37:13Z
dc.date.copyright 2011
dc.date.issued 2011
dc.identifier.uri https://ir.wgtn.ac.nz/handle/123456789/28097
dc.description.abstract This paper analyses the potential issues in the development of primary emission reduction purchase agreements (ERPAs) for emissions reduction credits created by reduced emissions from deforestation and forest degradation (REDD) projects. REDD projects are developing type of emissions reductions credits which involve providing payments for the avoidance of forest degradation and deforestation in the developing world, in order to prevent greenhouse gas emissions caused by these activities. This paper identifies, analyses and provides recommendations about the potential issues in ERPA formation which are most unique to REDD projects. In particular, this paper focuses on the allocation of various types of risk involved in REDD ERPAs, including regulatory uncertainty and certification risk, host-country risks, project risk and market risk. A great deal of uncertainty surrounds the implementation of REDD projects, which heightens the level of risk which much be allocated in ERPAs. This paper makes recommendations for early REDD ERPAs including that ERPAs should contain flexible delivery obligations for sellers, that the price per emissions reduction credit should be fixed, that any unexpected certification or host-country costs should be shared between parties and that incentives should be provided for sellers to meet any new certification standards which result from the implementation of an international REDD mechanism. This paper also recommends that international negotiators should provide more certainty to buyers and sellers through confirmation of an international REDD mechanism and the certification standards which will be required, while domestic legislators should confirm any regulations that will apply to REDD projects and should divert country performance risk away from individual projects through providing guarantees. en_NZ
dc.format pdf en_NZ
dc.language en_NZ
dc.language.iso en_NZ
dc.publisher Te Herenga Waka—Victoria University of Wellington en_NZ
dc.subject International commercial contracts en_NZ
dc.subject Emission reduction purchase agreements en_NZ
dc.subject Emissions trading en_NZ
dc.subject Reduced Emissions from Deforestation and Forest Degradation en_NZ
dc.title Emission Reduction Purchase Agreements for Reduced Emissions from Deforestation and Forest Degradation Projects: an Analysis of the Key Issues en_NZ
dc.type Text en_NZ
vuwschema.contributor.unit School of Law en_NZ
vuwschema.subject.marsden 390104 Commercial and Contract Law en_NZ
vuwschema.type.vuw Bachelors Research Paper or Project en_NZ
thesis.degree.discipline Law en_NZ
thesis.degree.grantor Te Herenga Waka—Victoria University of Wellington en_NZ
thesis.degree.name Bachelor of Laws with Honours en_NZ


Files in this item

This item appears in the following Collection(s)

Show simple item record

Search DSpace


Browse

My Account