收集沉默:通过减少碳排放和减少能源需求的资产化创造价值

IF 5.5 Q1 BUSINESS, FINANCE
Green Finance Pub Date : 2022-01-01 DOI:10.3934/gf.2022007
Colin Nolden
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引用次数: 1

摘要

本文回顾了治理安排和组织创新赋予碳排放减缓或能源需求减少价值的情况。这种价值的创造取决于1)金融机制的有效治理,以创造需求;2)组织将碳排放减缓和能源需求减少作为商品化的私人物品进行资产化和供应的能力。为了分析这种需求和供给系统的政治和组织治理,本文使用了交易成本经济学的见解。在需求方面,通过国家层面的市场创新治理(如节能白证书市场)和国际层面的市场创新治理(如碳减排的基线和信用体系)来降低交易成本。关于问责制、透明度、计量、报告、核查和纳入的严格规则降低了组织在供应方资产化减排和缓解措施的交易成本。尽管迄今为止取得的成功有限,但这些创新为根据《巴黎协定》第6条通过气候俱乐部进行国际碳减排治理提供了基础。本文的结论是,此类俱乐部通过对缓解行动进行积极定价,为创造对碳排放缓解和相关能源需求减少的一致需求提供了基础。
本文章由计算机程序翻译,如有差异,请以英文原文为准。
Collecting silences: creating value by assetizing carbon emission mitigations and energy demand reductions
This paper reviews circumstances where governance arrangements and organizational innovations assign value to carbon emission mitigations or energy demand reductions. The creation of such value hinges upon 1) the effective governance of financial mechanisms to create demand; and 2) the ability of organizations to assetize and supply carbon emission mitigations and energy demand reductions as commodified private goods. To analyse the political and organizational governance of such demand and supply systems, this paper uses insights from transaction cost economics. On the demand side, transaction costs are reduced through the innovative governance of markets at national level, such as white certificate markets for energy savings, and international level, such as baseline-and-credit systems for carbon emissions reductions. Strict rules regarding accountability, transparency, measurement, reporting, verification, and inclusion reduce transaction costs for organizations to assetize reductions and mitigations on the supply side. Despite limited success to date, these innovations provide the basis for international carbon emissions mitigation governance through climate clubs based on Article 6 of the Paris Agreement. This paper concludes that such clubs provide the basis for creating consistent demand for carbon emission mitigations and associated energy demand reductions through the positive pricing of mitigation actions.
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来源期刊
Green Finance
Green Finance Multiple-
CiteScore
9.60
自引率
3.50%
发文量
14
审稿时长
6 weeks
期刊介绍: Green Finance is an international, interdisciplinary Open Access journal dedicated to green finance, environmental, and sustainability research and practice. It offers a platform for publishing original contributions and technical reviews on green finance and related topics, following a rigorous peer-review process. Accepted article types include original research, reviews, editorials, letters, and conference reports.
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