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Role of market based instruments in transitioning to a low carbon economy : experiences from BRICS countries and lessons for South AfricaNteo, Lemao Dorah 24 February 2013 (has links)
Market based instruments have become a common feature in country policies aimed at transitioning to low carbon economies. BRICS countries are responsible for approximately two-thirds of the global average of carbon emissions. These countries are under continuing international pressure to demonstrate leadership in their carbon emission reduction efforts.This research explored the implementation of market based instruments in Brazil, China, India and South Africa as they transition to low carbon economies and determined the elements and driving forces informing the selection of market based instruments. The research sought to achieve three objectives, the first objective was to establish whether market based instruments were regarded as a policy option for low carbon transition initiatives by these four countries. The second objective was to determine the drivers and sectors informing a selection of market based instruments. The third objective was to extract lessons from these countries for South African to consider in its low carbon transition.The research outcomes included a model of the interrelationship between driving forces for decisions to adopt market based instruments, targeted sectors that would be subjected to such mechanisms and the eventual combination of instruments that gets implemented. / Dissertation (MBA)--University of Pretoria, 2012. / Gordon Institute of Business Science (GIBS) / MBA / Unrestricted
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Reducing emissions in the Mexican power sector : Economic and political feasibility analysis of policy mechanismsBarragán, Camila January 2017 (has links)
A comparative assessment of market-based climate policy instruments –carbon tax vs. ETS– for emission reduction in the Mexican electricity sector is presented. Model-based scenarios of different tax and cap levels were simulated on an existing Balmorel partial equilibrium model populated with data from the Mexican electricity system. The simulation results served to compare the performance of both instruments according to economic criteria. The analysis was further developed with the empirical evidence obtained from international experiences with both instruments, allowing to conclude on the first-best normative instrument based on an economic approach. The assessment was complemented with a political feasibility perspective, through the development of an on-line survey and in-depth interviews with representatives of the relevant stakeholder groups within the country. The first-best instrument was not favoured by the stakeholders, but the study allowed to hint a second-best alternative with a better probability of being fully implemented. The results of this project are useful to guide the necessary debate surrounding the selection of the most appropriate carbon-pricing mechanism for emissions reduction in the country, in particular in the electricity sector. A wide-coverage carbon tax with no exemptions and with revenue-recycling mechanisms, gradually increasing to 15 USD/tCO2 would be the first-best instrument from the economic perspective. However, when complementing the analysis with the political feasibility perspective, the most appropriate instrument for emissions reduction in the Mexican electricity sector is an emissions trading system with the cap set as the conditional target of the INDCs, with auctioned allowance allocation and an auctioning floor-price, set at a similar but lower value than the equivalent carbon tax. Such an instrument is in line with the priorities of the stakeholder groups and would generate a stable price signal, allowing for the earmarking of carbon revenue, and would avoid exempting natural gas from carbon pricing.
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Evaluating and Predicting Ecosystem ServicesKadykalo, Andrew 10 September 2013 (has links)
The valuation of ecosystem services requires first and foremost, that the current level or stock of a service first be estimated. Here, I investigate the relationship between the fields of environmental science and ecological economics in their research effort of ecosystem services and the implications this may have on the ecosystem valuation research program. I investigate two ecological functions described as ecosystem services within specific ecosystem types: the flood control provisioning services of wetlands and pollination service provisioning by pollinator populations in agroecosystems. I examined the environmental literature to provide quantitative estimates of a) the distribution of the level of service delivered as well as b) the ability of environmental scientists to predict this level of service. The results presented here suggest a moderately strong correlation between research efforts in environmental science and ecological economics at the pooled level of ecosystem types and services. I suggest however, an integrated research enterprise between social and environmental scientists may provide greater efficiency by means of a global ecosystem service research network and repository.
I found that, on average, consistent with conventional wisdom, wetlands do indeed have a positive effect by reducing the frequency and magnitude of floods, increasing low flows, and increasing water storage. In the same vein, I found on average and consistent with conventional wisdom, there is a consistent and comparatively strong association between pollinator abundance and agroecosystem productivity as inferred from measures of plant fertilization success. In both investigations however, metaregression analysis indicated that our current ability to predict either pollination or flood control services is poor to modest at best.
The low predictive power combined with the observed heterogeneity in effect size in both investigations suggest that flood control service delivered by wetlands or pollination services delivered by natural pollinator populations in agroecosystems and the expected changes in the level of services delivered under a candidate management scenario, will have a large uncertainty. Such uncertainty should be explicitly incorporated into estimates of both the current economic value of ecosystem services, as well as estimates of how these values are likely to change under alternative management scenarios.
Given these, I suggest that the implications for the development of Market-based instruments (MBIs) or any payment of ecosystem services to conserve ecosystem services: that the associated ecological function(s) must be few and well characterized, and we must agree on what endpoints ought to properly be used to characterize these functions. If this condition is not met, an ordinal ranking is the best we can do and in the absence of obvious enthusiasm for more detailed scientific research which leads to the conclusion that perhaps alternate strategies like command and control may be the better alternative to protect ecosystem services.
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Evaluating and Predicting Ecosystem ServicesKadykalo, Andrew January 2013 (has links)
The valuation of ecosystem services requires first and foremost, that the current level or stock of a service first be estimated. Here, I investigate the relationship between the fields of environmental science and ecological economics in their research effort of ecosystem services and the implications this may have on the ecosystem valuation research program. I investigate two ecological functions described as ecosystem services within specific ecosystem types: the flood control provisioning services of wetlands and pollination service provisioning by pollinator populations in agroecosystems. I examined the environmental literature to provide quantitative estimates of a) the distribution of the level of service delivered as well as b) the ability of environmental scientists to predict this level of service. The results presented here suggest a moderately strong correlation between research efforts in environmental science and ecological economics at the pooled level of ecosystem types and services. I suggest however, an integrated research enterprise between social and environmental scientists may provide greater efficiency by means of a global ecosystem service research network and repository.
I found that, on average, consistent with conventional wisdom, wetlands do indeed have a positive effect by reducing the frequency and magnitude of floods, increasing low flows, and increasing water storage. In the same vein, I found on average and consistent with conventional wisdom, there is a consistent and comparatively strong association between pollinator abundance and agroecosystem productivity as inferred from measures of plant fertilization success. In both investigations however, metaregression analysis indicated that our current ability to predict either pollination or flood control services is poor to modest at best.
The low predictive power combined with the observed heterogeneity in effect size in both investigations suggest that flood control service delivered by wetlands or pollination services delivered by natural pollinator populations in agroecosystems and the expected changes in the level of services delivered under a candidate management scenario, will have a large uncertainty. Such uncertainty should be explicitly incorporated into estimates of both the current economic value of ecosystem services, as well as estimates of how these values are likely to change under alternative management scenarios.
Given these, I suggest that the implications for the development of Market-based instruments (MBIs) or any payment of ecosystem services to conserve ecosystem services: that the associated ecological function(s) must be few and well characterized, and we must agree on what endpoints ought to properly be used to characterize these functions. If this condition is not met, an ordinal ranking is the best we can do and in the absence of obvious enthusiasm for more detailed scientific research which leads to the conclusion that perhaps alternate strategies like command and control may be the better alternative to protect ecosystem services.
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Conservation Banks : Analyzing the Commodification of Nature and the Effects on Biodiversity in the U.S.Sindre, Josef January 2024 (has links)
In this thesis, the impact of conservation banking on biodiversity is assessed by examining the bird species richness in U.S. counties that have implemented the policy. Conservation banking is a market-based instrument designed for developers who need to comply with the Endangered Species Act for the negative environmental impacts that their projects have made. Conservation banking aims to “protect and recover imperilled species and the ecosystems upon which they depend” (USFWS 2013, p. 1). In this thesis, a staggered difference-in-difference with differential timing by Goodman-Bacon (2018) and further developed by Callaway and Sant’Anna (2021) is used to estimate the effect of conservation banks on biodiversity. Data for biodiversity, bird species richness are collected from U.S. Geological Survey's data from the North American Breeding Bird Survey (BBS). Information on conservation banks is gathered from the Regulatory In-lieu fee and Bank Information Tracking System (RIBITS). This thesis focuses on 107 conservation banks in 53 counties in the U.S. established between 2005 and 2016. The main results from this study indicate a positive impact of the introduction of conservation banks, with an increase in biodiversity of 4,1%. Consequently, this confirms the positive effect of the policy intervention. Despite these results, it is vital to consider caution regarding this market-based instrument. Market-based instruments that commodify elements of nature into the market are a new frontier in capitalist expansion. This approach may exclude areas from the natural evolutionary selection process, leading to potential long-term ecological imbalances. Current payment structures in conservation banking can lead to misallocation of taxpayers’ money at the same time as biodiversity outcomes are not optimized. Therefore, the most fundamental recommendation for this policy is to change to outcome-based payments.
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Trust and Reciprocity in the Market-Based Provision of Public Goods. Experimental Evidence and Applications to Conservation TendersVogt, Nora 20 November 2013 (has links)
Zahlungen für Ökosystemdienstleistungen (Payments for Ecosystem Services – PES) und auktionsbasierte Vergabeverfahren sind ein wichtiges und innovatives Instrument im Kampf gegen den fortwährenden Verlust von biologischer Vielfalt. Basierend auf einem Vertrag zwischen einem Leistungserbringer und einem öffentlichen oder privaten Leistungsempfänger, der die Naturschutzleistung entlohnt, können bestimmte Vorgaben der Landschaftspflege oder der agrarwirtschaftlichen Bearbeitung verbindlich festgelegt werden. Die Vorteile von PES liegen in dem direkten monetären Anreiz zur Bereitstellung von Naturschutzleistungen und zudem in der Möglichkeit, ein Niveau an Umweltschutz und –qualität jenseits des von der Umweltgesetzgebung sichergestellten Mindestniveaus zu implementieren. Der Nachteil liegt in der hohen Informationsasymmetrie in der Vertragsbeziehung, welche einerseits dem Umweltgut als Vertragsgegenstand und andererseits der Natur ökonomischen Handelns geschuldet ist. Thema dieser Dissertation ist die Analyse der interdependenten Beziehung von Kompetitivität und Vertragserfüllung und das Aufzeigen der Relevanz von Vertrauen und Reziprozität in Verträgen über Umweltgüter. Auf diese Weise leistet sie einen Beitrag zu der umfangreichen und multidisziplinären Literatur über Zahlungen für Ökosystemdienstleistungen und Naturschutzauktionen. Während der vergangenen 25 Jahre habe Praktiker und Wissenschaftler unser Verständnis der Funktionsweise von Ausschreibungen zur Allokation von Zahlungen für Ökosystemdienstleistungen konstant verbessert und erweitert. Ein Großteil der Forschungsaktivität war jedoch auf die Auktionsmetrik und das Bieterverhalten gerichtet, wohingegen die resultierende Vertragsbeziehung zwischen Programmverwaltern (den Käufern) und Landbesitzern (den Ausführenden) weitgehend unbeachtet blieb. Wie in dieser Dissertation bewiesen wird, ist jedoch genau diese Beziehung der Schlüssel für ein erfolgreiches marktbasiertes Naturschutzprogramm. In der vorliegenden Arbeit wird in drei Artikeln argumentiert, dass Vertrauen und Reziprozität für die Überwindung von asymmetrischer Information in kompetitiv alloziierten PES-Verträgen von herausragender Bedeutung sind. Anhand eines für diese Arbeit entwickelten, zweistufigen experimentellen Testszenarios wird der Entscheidungsprozess in der inversen Auktion und in der anschließenden Vertragserfüllung in der kontrollierten Laborumgebung simuliert. In einem ersten Experiment kann auf Basis dieses Untersuchungsdesigns gezeigt werden, dass die Informations- und Anreizkonstellation in Naturschutzauktionen ein erhöhtes Risiko für vorvertragliche adverse Selektion, opportunistisches Verhalten bei Vertragserfüllung und somit suboptimale Ergebnisse birgt. Das Marktversagen kann jedoch durch eine vertrauensstiftende Institution, wie zum Beispiel Kommunikation zwischen Käufern und Verkäufern, verhindert werden. Persönliche Interaktion veranlasst Marktteilnehmer ihr individuell-rationales Verhalten zugunsten einer sozial-verträglicheren Verhaltensweise zu ändern. Dabei entsteht ein erhebliches Potential für die Bilateralisierung der Vertragsbeziehungen. Ein zweites Experiment verdeutlicht jedoch, wie wichtig vertrauensbasierte Vertragsbeziehungen insbesondere in Bereitstellungsumgebungen sind, die stark von externen, stochastischen Einflüssen verzerrt werden können. Ohne das nötige Vertrauen bricht die Kooperation in einem derartigen Szenario fast vollständig zusammen. Schließlich lässt der systematische Vergleich der Ergebnisse aus beiden Experimenten in einem dritten Aufsatz keinen Zweifel daran, dass stabile Langzeitvertragsbeziehungen in auktionsbasierten Vertragsnaturschutzprogrammen gefördert und nicht verhindert werden sollten. Langzeitverträge sind randomisierten Kurzzeitverträgen aus der Perspektive des Naturschutzes aber auch hinsichtlich der Kosteneffektivität überlegen. Daher liegt eine wesentliche Herausforderung für Programmentwickler darin, einerseits die Bildung von ausreichend Sozialkapital zu ermöglichen und andererseits faire Markt- und Vergabestrukturen zu erhalten.
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Metapopulations, Markets and the Individual: Refining incentive-based approaches for biodiversity conservation on private landsHartig, Florian 27 January 2010 (has links)
When designing financial incentives for voluntary conservation of threatened habitats and ecosystems, we are faced with the problem that there is no single indicator for "biodiversity value". The value of a habitat depends on multiple factors such as habitat type, area, and spatial and temporal connectivity. Moreover, not only are there local trade-offs between these indicators, but land use changes at one location may also change the value of sites in the vicinity. This doctoral thesis analyzes the consequences of including trade-offs and interactions between sites in market-based conservation schemes. We ask the following questions: How can trade-offs between the survival of different species be quantified? How can spatial processes and temporal processes be included in market-based conservation, in particular the value of spatial and temporal connectivity? And how do underlying economic dynamics relate to the spatio-temporal allocation of conservation measures in market-based conservation schemes?
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A legal framework for the promotion of renewable energy in South Africa through fiscal instruments / Michél CoetzerCoetzer, Michél January 2014 (has links)
South Africa‟s current energy sector places undue reliance on fossil fuels to fulfil the
country‟s energy requirements. The use of these non-renewable energy resources
are unsustainable, as millions of tonnes of harmful emissions are released and
estimates are made that these resources will be depleted within the next 100 years.
Therefore the country has to source alternative energy resources. Renewable
energy resources (for example solar energy) are considered to release little or no
harmful by-products and have an infinite supply. Therefore the South African
government has to promote the use of renewable energy as part of its commitments
to address climate change and to ensure sustainable energy resources.
Some of the most popular regulatory tools that a state uses to control human
behaviour, is through command-and-control instruments and fiscal instruments. The
latter promotes behavioural changes by rewarding desired behaviour which
ultimately advances the user‟s own best interest. Because of the nature of renewable
energy governance, energy users can not be forced or compelled through commandand-
control instruments to use renewable energy. They should rather be encouraged
or persuaded to use this form of energy through market-based instruments. This is
also the central hypothesis of this dissertation.
The purpose of this study is to determine the extent to which the South African legal
regime makes provision to promote the use of renewable energy resources through
fiscal instruments. Therefore the various energy-related white papers, policy papers
and legislation will be analysed. This study found that South Africa‟s legal regime
only partly makes provision to promote the use of renewable energy resources
through fiscal instruments. The policy part of the legal regime is fairly well developed,
but the statutory regime lacks detail and in its current form, environmental/energyrelated
legislation does not fully correspond with the lofty objectives of the policy
framework. / LLM (Environmental Law and Governance), North-West University, Potchefstroom Campus, 2015
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A legal framework for the promotion of renewable energy in South Africa through fiscal instruments / Michél CoetzerCoetzer, Michél January 2014 (has links)
South Africa‟s current energy sector places undue reliance on fossil fuels to fulfil the
country‟s energy requirements. The use of these non-renewable energy resources
are unsustainable, as millions of tonnes of harmful emissions are released and
estimates are made that these resources will be depleted within the next 100 years.
Therefore the country has to source alternative energy resources. Renewable
energy resources (for example solar energy) are considered to release little or no
harmful by-products and have an infinite supply. Therefore the South African
government has to promote the use of renewable energy as part of its commitments
to address climate change and to ensure sustainable energy resources.
Some of the most popular regulatory tools that a state uses to control human
behaviour, is through command-and-control instruments and fiscal instruments. The
latter promotes behavioural changes by rewarding desired behaviour which
ultimately advances the user‟s own best interest. Because of the nature of renewable
energy governance, energy users can not be forced or compelled through commandand-
control instruments to use renewable energy. They should rather be encouraged
or persuaded to use this form of energy through market-based instruments. This is
also the central hypothesis of this dissertation.
The purpose of this study is to determine the extent to which the South African legal
regime makes provision to promote the use of renewable energy resources through
fiscal instruments. Therefore the various energy-related white papers, policy papers
and legislation will be analysed. This study found that South Africa‟s legal regime
only partly makes provision to promote the use of renewable energy resources
through fiscal instruments. The policy part of the legal regime is fairly well developed,
but the statutory regime lacks detail and in its current form, environmental/energyrelated
legislation does not fully correspond with the lofty objectives of the policy
framework. / LLM (Environmental Law and Governance), North-West University, Potchefstroom Campus, 2015
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