Arbeitspapier
Do Carbon Offsets Offset Carbon?
We develop and implement a new method for identifying wasted subsidies, and use it to provide systematic evidence on the misallocation of carbon offsets in the Clean Development Mechanism—the world’s largest carbon offset program. Using newly constructed data on the locations and characteristics of 1,350 wind farms in India—a context where it was believed, ex ante, that the Clean Development Mechanism could significantly increase development above baseline projections—we estimate that at least 52% of approved carbon offsets were allocated to projects that would very likely have been built anyway. In addition to wasting scarce resources, we estimate that the sale of these offsets to regulated polluters has substantially increased global carbon dioxide emissions.
- Language
-
Englisch
- Bibliographic citation
-
Series: CESifo Working Paper ; No. 9368
- Classification
-
Wirtschaft
Taxation and Subsidies: Externalities; Redistributive Effects; Environmental Taxes and Subsidies
Project Evaluation; Social Discount Rate
Electric Utilities
Alternative Energy Sources
Climate; Natural Disasters and Their Management; Global Warming
- Subject
-
carbon offsets
infra-marginal support
subsidies
investment
wind power
misallocation
- Event
-
Geistige Schöpfung
- (who)
-
Calel, Raphael
Colmer, Jonathan
Dechezleprêtre, Antoine
Glachant, Matthieu
- Event
-
Veröffentlichung
- (who)
-
Center for Economic Studies and ifo Institute (CESifo)
- (where)
-
Munich
- (when)
-
2021
- Handle
- Last update
-
10.03.2025, 11:42 AM CET
Data provider
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
Object type
- Arbeitspapier
Associated
- Calel, Raphael
- Colmer, Jonathan
- Dechezleprêtre, Antoine
- Glachant, Matthieu
- Center for Economic Studies and ifo Institute (CESifo)
Time of origin
- 2021
Other Objects (12)
Do parents leave a smaller carbon footprint?
Pricing Carbon
Do Bequests Offset Social Security?
Do Philippine households lead a carbon intensive lifestyle?
Targeted carbon tariffs. Carbon leakage and welfare effects
Carbon pricing, carbon dividends and cooperation: Experimental evidence
Targeted carbon tariffs: Carbon leakage and welfare effects
Trade in carbon and the effectiveness of carbon tariffs
Can carbon based import tariffs effectively reduce carbon emissions?
Carbon Tariffs Revisited
Embodied Carbon Tariffs
Optimal carbon leakage
Do parents leave a smaller carbon footprint?
Pricing Carbon
Do Bequests Offset Social Security?
Do Philippine households lead a carbon intensive lifestyle?
Targeted carbon tariffs. Carbon leakage and welfare effects
Carbon pricing, carbon dividends and cooperation: Experimental evidence
Targeted carbon tariffs: Carbon leakage and welfare effects
Trade in carbon and the effectiveness of carbon tariffs
Can carbon based import tariffs effectively reduce carbon emissions?
Carbon Tariffs Revisited
Embodied Carbon Tariffs
Optimal carbon leakage
Do parents leave a smaller carbon footprint?
Pricing Carbon
Do Bequests Offset Social Security?
Do Philippine households lead a carbon intensive lifestyle?
Targeted carbon tariffs. Carbon leakage and welfare effects
Carbon pricing, carbon dividends and cooperation: Experimental evidence
Targeted carbon tariffs: Carbon leakage and welfare effects
Trade in carbon and the effectiveness of carbon tariffs
Can carbon based import tariffs effectively reduce carbon emissions?
Carbon Tariffs Revisited
Embodied Carbon Tariffs