rdf-syntax-grammar
mods:
  schema location: http://www.loc.gov/mods/v3 http://www.loc.gov/standards/mods/v3/mods-3-2.xsd
  title info:
    title: Economic investigation of discount factors for agricultural greenhouse gas emission offsets
  name:
    name part: Kim, Man-Keun
    name part: 1971-
    role:
      role term: creator
  name:
    name part: McCarl, Bruce A.
    role:
      role term: thesis advisor.
  type of resource: text
  genre: bibliography
  origin info:
    place:
      place term: txu
    date issued: 2005
    issuance: monographic
  language:
    language term: eng
  physical description:
    form: electronic
    form: remote
  abstract: This dissertation analyzes the basis for and magnitudes of discount factors based on the characteristics of greenhouse gas emission (GHGE) offsets that are applied to the GHGE reduction projects, concentrating on agricultural projects. Theoretical approaches to discount factors, estimation and incorporation of discount factors procedures are developed. Discount factors would be imposed by credit purchasers due to noncompliance with regulatory program of the credits with GHG program including consideration of shortfall penalties and limited durations. Discount factors are proposed for (i) additionality, (ii) leakage, (iii) permanence, and (iv) uncertainty. Additionality arise when the region where an AO project is being proposed would have substantial adoption of the AO practice in the absence of GHG programs (business as usual GHGE offset). Leakage arises when the effect of a program is offset by an induced increase in economic activity and accompanying emissions elsewhere. The leakage effect depends on demand and supply elasticities. Permanence reflects the saturation and volatility characteristics of carbon sequestration. Carbon is stored in a volatile form and can be released quickly to the atmosphere when an AO practice is discontinued. The permanence discount depends on the project design including practice continuation after the program and the dynamic rate of offset. Also, consideration of multiple offsets is important. Uncertainty arises due to the stochastic nature of project quantity. The uncertainty discount tends to be smaller the larger the size of the offset contract due to aggregation over space and time. The magnitude of these discounts is investigated in Southeast Texas rice discontinuation study. The additionality and the leakage discounts are found to play an important role in case of rice lands conversion to other crops but less so for pasture conversions and yet less for forest conversions. The permanence discount is important when converting to…
  note: by Man-Keun Kim.
  note: "Major Subject: Agricultural Economics"
  note: Title from author supplied metadata (automated record created on Sep. 21, 2005.)
  note: Vita.
  note: Abstract.
  note: Electronic resource.
  note: Mode of access: World Wide Web.
  note: System requirements: World Wide Web access and Adobe Acrobat Reader.
  note: Ph. D. Texas A&M University 2004.
  note: Includes bibliographical references.
  note: Text (Dissertation).
  subject:
    topic: Major agricultural economics
  subject:
    topic: Offset Credits
  subject:
    topic: Leakage
  subject:
    topic: Carbon Sequestration
  subject:
    topic: Permanence
  subject:
    topic: Climate Change
  subject:
    topic: Additionality
  subject:
    topic: Uncertainty
  identifier: http://hdl.handle.net/1969.1/2187
  record info:
    record content source: TXA
    record creation date: 070118
    record change date: 20151104123837.0
    record identifier: in00002208915