October 3, 2011

A Practical Approach to Offset Permits in Post Kyoto Climate Policy

by Peter Heindl and Sebastian Voigt

- In this paper we analyse the possible demand and supply for offsets for the period from 2013 to 2020. The analysis is based on the assumptions that developed countries (Annex I) implement the emissions reduction pledges made after the 15th Conference of the Parties in Copenhagen ("Copenhagen Pledges"). Further we assume that international emissions trading will be continued after 2012.We calculate the potential annual demand for offset permits in Annex I countries based on the PACE model.

Heindl, Peter and Sebastian Voigt (2011). "A Practical Approach to Offset Permits in Post Kyoto Climate Policy." ZEW Discussion Paper No. 11-043, Jun 2011.