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Estimating Transaction Costs of REDD+.
- Source :
-
Ecological Economics . Feb2019, Vol. 156, p1-11. 11p. - Publication Year :
- 2019
-
Abstract
- Abstract Reducing emissions from deforestation and forest degradation (REDD+) is generally believed to be a cost-effective mitigation strategy against climate change. Some suggest, however, that costs of REDD+ are underestimated because many studies either exclude or undervalue transaction costs. A major challenge in this field of research is the absence of a common framework and methodology for assessing such costs. This paper uses the notion of governance structures to suggest a generic definition and methodology for measuring transaction costs. The methodology is subsequently used in an analysis of transaction costs for REDD+ pilots in RDS Rio Negro, Brazil and Kilosa, Tanzania. Results indicate higher unit costs – costs per ton of reduced CO 2 – of establishing the REDD+ governance structures in Kilosa, while unit costs of using those structures are higher in RDS Rio Negro. The results also show that while REDD+ was originally conceived as a market i.e., a direct trade between buyers and sellers, it could also take on a non-market governance structure or a mixture of market and non-market elements. These different forms of governance structures have implications for transaction costs. [ABSTRACT FROM AUTHOR]
- Subjects :
- *TRANSACTION costs
*FOREST conservation
*GENERICIDE
Subjects
Details
- Language :
- English
- ISSN :
- 09218009
- Volume :
- 156
- Database :
- Academic Search Index
- Journal :
- Ecological Economics
- Publication Type :
- Academic Journal
- Accession number :
- 133214702
- Full Text :
- https://doi.org/10.1016/j.ecolecon.2018.08.014