Heterogeneous governance capabilities, reference emission levels and emissions from deforestation and degradation

A signaling model approach

Bibliographic Data

ID11465424
AuthorsJichuan Sheng (0000-0002-0199-3994, Nanjing University of Information Science and Technology, corresponding author), Sanfeng Zhang (0000-0001-5835-1055, Nanjing University of Information Science and Technology), Yixiao Li (0000-0002-4538-5050, Zhejiang University of Finance and Economics)
Year2017
Volume64
Pages124-132
Publication date2017-05-01
Peer ReviewedYes
Open AccessYes
TypeARTICLE
VenueLand Use Policy (JOURNAL)
Journal identifiersISSN: 0264-8377 • E-ISSN: 1873-5754
PublisherElsevier BV (PUBLISHER)
DOI10.1016/j.landusepol.2017.02.031
OpenAlexW2591852701
LanguageEN
Citations received3
References cited57

Heterogeneous governance capabilities of developing countries are one of the major challenges to the effectiveness of REDD+ projects. Consequently, the effects of heterogeneous governance capability, and reference emission levels on emissions from deforestation and degradation under information asymmetry, are both theoretically and empirically analyzed by using two signaling models to interrogate the panel data during the period 2011–2015 from 13 partner developing countries involved in the UN-REDD Programme. Empirical results confirm that compensation payments based on heterogeneous governance capability can improve the incentive effectiveness of such compensation payments in REDD+ projects, thereby making developing countries more willing to reduce their emissions from deforestation and degradation. Furthermore, higher baseline targets for reducing emissions can lead to greater efforts to reduce emissions. Therefore, the heterogeneous governance capabilities of developing countries should be considered in calculating the level of compensation payment for future REDD+ projects. Instead of a uniform compensation payment for all developing countries, compensation payments should be distributed according to the heterogeneous governance capabilities of each of those developing countries

Business · Climate change · Compensation (psychology · Corporate governance · Deforestation (computer science · Developing country · Econometrics · Economic growth · Economics · Environmental economics · Incentive · Information asymmetry · Microeconomics · Natural resource economics · Panel data · Payment · Public economics · Reducing emissions from deforestation and forest degradation · Climate Change Policy and Economics · Computer Science · Economic and Environmental Valuation · Energy, Environment, Economic Growth · Ecology · Finance

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