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| Srl | Item |
| 1 |
ID:
120643
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| Publication |
2012.
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| Summary/Abstract |
The vision of the Global Earth Observation System of Systems (GEOSS) is the achievement of societal benefits through voluntary contribution and sharing of data, metadata and products at no or minimum cost. Such undertakings, where contribution provides positive externalities, benefiting contributors and non-contributors alike, are often described as 'social dilemmas', usually resulting in small levels of voluntary contribution. We investigate the benefits and challenges of voluntary contribution to GEOSS, surveying economic and game theoretic literature and examining how the concepts of social dilemmas apply to the provision of GEOSS. We conduct an exploratory survey among individuals involved in the Group on Earth Observation (GEO) to understand their perception of voluntarily contribution. Even though contribution to GEOSS was perceived as rather low, e.g. because of a perceived lack of funds, commitment or organization, survey respondents also perceived many (exclusive) benefits of contribution, e.g. networking, visibility for their work or collaborating with motivated individuals. To increase participation, respondents suggested increasing financial support and raising awareness of GEOSS. We conclude that communicating the efficacy of individuals' contributions, the personal benefits of contribution and strengthening of group identity and knowledge about fellow participants' work can constitute incentives for future voluntary contribution. This could be facilitated by an externally established institution providing a framework for cooperation, or by institutions, agreements or frameworks agreed upon by contributors themselves.
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| 2 |
ID:
149996
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| Summary/Abstract |
We consider a risk-aware forest owner and electricity producer evaluating the Reduced Emissions from Deforestation and Degradation (REDD)-based offsets with a benefit-sharing mechanism under uncertain CO2 prices. For a range of CO2 prices and respective risks perceived by the forest owner (seller) and electricity producer (buyer), we apply a model of fair (indifference) pricing. Parties’ risk preferences are reflected by exponential utility functions. The potentially contracted amounts of REDD offsets are analyzed under various risk preferences and for different benefit-sharing opportunities. Our results show that a risk-averse attitude considerably increases the contracted offset amounts (compared to risk-neutral case) and, therefore, creates a higher potential for REDD implementation. We demonstrate possible situations, when parties could agree on a certain range of REDD contracts, e.g. smaller amounts of REDD offsets are traded for higher prices, and larger amounts – for lower prices, although contracting a moderate amount at a moderate price is impossible. The suggested benefit-sharing mechanism can help increase contracted offset amounts. Our modeling results highlight two ways to promote higher REDD participation: (i) strengthening the carbon price signal to reveal risk-averse behavior of energy producers, and (ii) implementing the mechanism of benefit/risk sharing between the REDD consumer and supplier.
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| 3 |
ID:
111061
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| Publication |
2012.
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| Summary/Abstract |
Ongoing negotiations under the UNFCCC center around the possibilities for stabilization of greenhouse gases at a "safe" level. New energy technologies are assumed to make major contributions to this goal. However, in the light of scientific uncertainty (e.g. about climate sensitivity, feedback effects, etc.), market uncertainty (e.g. fuel price volatility), technological uncertainty (e.g. availability of renewable technology), socio-economic uncertainty (e.g. development of different macroeconomic factors) and policy uncertainty (e.g. about commitment to specific targets and stability of CO2 prices), it is difficult to assess the importance of different technologies in achieving robust long-term climate risk mitigation. One example currently debated in this context is biomass-based energy, which can be used to produce both carbon-neutral electricity and at the same time offer the possibility of "negative emissions" by capturing carbon from biomass combustion at the conversion facility and permanently storing it. In this study, we analyze the impact of uncertainty on investment decision-making at the plant level in a real options valuation framework, and then use the GGI Scenario Database (IIASA, 2009) as a point of departure for deriving optimal technology portfolios across different socio-economic scenarios for a range of stabilization targets, focusing, in particular, on the new, low-emission targets using alternative risk measures.
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