Search Results (61)

Natural Climate Solutions (NCSs) represent a critical tool for addressing climate change, yet their long-term success is threatened by inadequate consideration of community impacts in current verification standards. While Article 6 of the Paris Agreement establishes rigorous requirements for carbon sequestration and emission avoidance verification, existing standards lack comprehensive frameworks for assessing and ensuring community well-being, undermining project permanence and market confidence. We developed an integrated framework combining community well-being assessment with verification requirements through analysis of Article 6 implementation requirements, existing voluntary carbon offset credit standards, emerging national standards, and community engagement mechanisms. Our analysis yielded a framework establishing five core tenets for community engagement (inclusion, engagement, contribution, ownership, and well-being) and nine essential well-being assessment domains, each with specific measurable indicators. The framework provides clear verification alignment protocols that integrate with existing standards while maintaining rigorous requirements and offering practical implementation guidance. Integration of community well-being assessment into NCS verification standards strengthens project permanence while meeting verification requirements, providing practical tools for standards bodies, project developers, and market participants to ensure both environmental and social benefits. As Article 6 mechanisms mature, this integration becomes increasingly crucial for project success. Full article

Family structure has long been regarded as an important determinant of household saving, yet the empirical evidence for developing economies remains limited. Using the 2018–2022 panels of the China Family Panel Studies (CFPS), a nationwide survey that follows 16,519 households across three waves, the present study investigates how family size, the elderly share, and the child share jointly shape saving behavior. A household fixed effects framework is employed to control for time-invariant heterogeneity, followed by a sequential endogeneity strategy: external-shock instruments are tested and rejected, lagged two-stage least squares implement internal instruments, and a dynamic System-GMM model is estimated to capture saving persistence. Robustness checks include province-by-year fixed effects, inverse probability weighting for attrition, balanced-panel replication, alternative variable definitions, lag structures, and sample filters. Family size raises the saving rate by 4.6 percentage points in the preferred dynamic specification (p < 0.01). The elderly ratio remains insignificant throughout, whereas the child ratio exerts a negative but model-sensitive association. A three-path mediation analysis indicates that approximately 26 percent of the total family size effect operates through scale economy savings on quasi-fixed expenses, 19 percent is offset by resource dilution pressure, and less than 1 percent flows through a precautionary saving channel linked to income volatility. These findings extend the resource dilution literature by quantifying the relative strength of competing mechanisms in a middle-income context and showing that cost-sharing economies dominate child-related dilution for most households. Policy discussion highlights the importance of public childcare subsidies and targeted credit access for rural parents, whose saving capacity is the most constrained by additional children. The study also demonstrates that fixed effects estimates of family structure can be upward-biased unless dynamic saving behavior and internal instruments are considered. Full article

California’s SB 1014 (Clean Miles Standard) mandates ridehailing fleet electrification to reduce emissions from vehicle miles traveled, posing financial and infrastructure challenges for drivers. This study employs a mixed-methods approach, including expert interviews (n = 10), group discussions (n = 8), and a survey of full- and part-time drivers (n = 436), to examine electric vehicle (EV) adoption attitudes and policy preferences. Access to home charging and prior EV experience emerged as the most statistically significant predictors of EV acquisition. Socio-demographic variables, particularly income and age, could also influence the EV choice and sensitivity to policy design. Full-time drivers, though confident in the EV range, were concerned about income loss from the charging downtime and access to urban fast chargers. They showed a greater interest in EVs than part-time drivers and favored an income-based instant rebate at the point of sale. In contrast, part-time drivers showed greater hesitancy and were more responsive to vehicle purchase discounts (price reductions or instant rebates at the point of sale available to all customers) and charging credits (monetary incentive or prepaid allowance to offset the cost of EV charging equipment). Policymakers might target low-income full-time drivers with greater price reductions and offer charging credits (USD 500 to USD 1500) to part-time drivers needing operational and infrastructure support. Full article

Forest carbon sink (FCS) is essential for achieving carbon neutrality and supporting sustainable development in ecologically fragile, resource-based cities such as those on the Loess Plateau. Despite the success of national afforestation programs, economic valuations of FCS at the city level remain limited. This study develops an integrated framework combining carbon stock estimation, regional carbon pricing, and net present value (NPV)-based valuation. Using Shenmu City in Shaanxi Province as a case study, forest carbon stocks from 2010 to 2023 are estimated based on the 2006 IPCC Guidelines. Future stocks (2024–2060) are projected using the GM (1,1) model. A dynamic pricing mechanism with a government-guaranteed floor price is applied under three offset scenarios (5%, 10%, 15%). The results show that Shenmu’s forest carbon stock could reach 20.67 million tonnes of CO₂ by 2060, and under a 15% offset scenario, the peak NPV reaches CNY 4.02 billion. Higher offset ratios increase FCS value by 18–22%, reflecting the growing scarcity of carbon credits. The pricing model improves market stability and investor confidence. This study provides a replicable approach for carbon sink valuation in semi-arid areas and offers policy insights aligned with SDG 13 (Climate Action) and SDG 15 (Life on Land). Full article

The bench-scale demonstration of the UKy-IDEA process for direct air capture (DAC) technology combines solvent-aided CO₂ capture with electrochemical regeneration (ER) through a pH swing process, enabling efficient CO₂ capture and simultaneous solvent regeneration, producing high-purity hydrogen as a valuable co-product. The system shows stable performance with over 90% CO₂ capture efficiency and approximately 80% CO₂ recovery, handling ambient air at 280 L/min. During testing, the unit captured 1 kg of CO₂ over 100 h, with a concentrated CO₂ output purity of around 70%. Operating efficiently at low voltage (<3 V), the system supports flexible and remote operation without AC/DC converters when using intermittent renewable energy. Techno-economic analysis (TEA) and Life Cycle Assessment (LCA) highlight its minimized required footprint and cost-effectiveness. Marketable hydrogen offsets capture costs, and compatibility with renewable DC power enhances appeal. Hydrogen production displacing CO₂ produced via electrolysis achieves 0.94 kg CO₂ abated per kg CO₂ captured. The project would be economic, with USD 26 per ton of CO₂ from the federal 45Q tax credit for carbon utilization, and USD 5 to USD 12 per kg for H₂. Full article

The credit constraint, an example of an incomplete credit market, provides an incentive to intensify the extensive and intensive margins related to labor force participation and work hours, respectively. This study uses the cross-section data from the Survey of Consumer Finance (SCF) and analyzes the impact of credit constraints on labor supply decisions, time to search for employment, and work hours. The empirical findings using the IV-probit and 2SLS models suggest that credit constraints and their various measures encourage households to increase both labor force participation and work hours to offset the negative impact of financial constraints. The intensity of working hours increases when we introduce both the alternate form of credit constraint and various age bands. Credit-constrained individuals effectively search for jobs and are most likely to accept employment in a short period, but their job search process takes more time than non-constrained individuals. Full article

This study assesses the energy, economic, and environmental implications of switching Tanzania’s road transport sector to natural gas, which is slowly transitioning. In energy, the main goal is to identify the energy demand for petroleum fuel (diesel and petrol) and natural gas during the transition, while in the economy, the government revenue in the form of taxes for shifted and unshifted vehicles, as well as the loss in government revenue from petroleum fuel revenue post-transition, is assessed. In the environment, carbon emission in terms of carbon dioxide equivalent (CO_2e), carbon tax revenues, and carbon credit revenues post-transition is estimated. The shift involved 10, 20, and 30% of the road vehicle population. The 10, 20, and 30% shift targeted about 142,247, 183,893, and 225,540 vehicles, which in turn dropped diesel and petrol demand by 7 and 3.68%, 7 and 3.8%, and 15 and 7.5%, respectively. In natural gas, the demand started at 0.0916 billion kg and grew exponentially by 200% and later by 300%. The transition has consequences in government revenue, which takes the form of taxes on petroleum products. The shift from 10 to 30% could lead to foregone taxes amounting to Tanzania shilling TZS 0.09, 0.31, and 0.54 trillion (US$ 33,358,680, US$ 11,490,212, and US$ 20,015,208), indicating a tax loss of about 3, 9, and 15%. Contrary, the government may benefit from these losses by lowering the amount of foreign currency necessary for oil importation. In environmental benefits, the 10, 20, and 30% shift could offset approximately 8,959,198.92119, 8,438,863.65528, and 7,918,528.38937 tCO_2e, equivalent to 5.4, 10.97, and 16.47% of the road emissions. The post-transition road emissions might result in a carbon tax revenue of about US$ 71,673,591.37, 67,510,909.24, and 63,348,227.11 per year. The post-transition carbon credit revenue of about US$ 20,813,410.64, 41,626,821.27, and 62,440,231.91 is expected annually. The findings are critical for policy design and promoting a transition in the road transport sector. Full article

Identifying factors that influence the choice of Leadership in Energy and Environmental Design (LEED) certification strategies for existing office building projects in the United States is a pressing issue requiring attention as it will help LEED professionals select the optimal certification strategy for each project. In this context, a quantitative research methodology with purposive sampling was used in this study to evaluate the impacts of project/building characteristics in LEED for Existing Buildings version 4 (LEED-EB v4) gold-certified projects in the U.S. LEED-EB v4 project/building characteristics include the project size and the number of buildings built before and after the 1973 energy crisis. LEED-EB-certified projects include a score for Location and Transportation credit (LTc1, “alternative transportation”) and scores for Energy and Atmosphere credits (EAcs) (EAc6, “renewable energy and carbon offsets”, and EAc8, “optimize energy performance”). From 112 LEED-EB v4 projects, the two following groups of projects with specific achievements were selected: Group 1 (n₁ = 13), which included high achievements in LTc1 and low achievements in EAc6 and EAc8, and Group 2 (n₂ = 13), which included high achievements in LTc1, EAc6, and EAc8. Exact Wilcoxon–Mann–Whitney and Fisher’s exact 2 × 2 tests were used to estimate significant differences between the two groups. The results of the selection of LEED-EB-certified projects in Groups 1 and 2 were that Group 2 outperformed Group 1 in EAc6 and EAc8 (p < 0.0001), while there was no significant difference between Groups 1 and 2 in LTc1 (p = 0.199). As a result, Group 1 outperformed Group 2 in LEED-EB v4 project size (p = 0.017). Group 2 outperformed Group 1 in the number of LEED-EB v4 gold-certified projects in buildings constructed after the 1973 US energy crisis (p = 0.005). It is concluded that, when choosing a LEED certification strategy for existing office buildings in the United States, LEED professionals should consider the 1973 energy crisis and the size of the LEED project. Full article

Various Higher Education Institutions (HEIs) set themselves goals to become carbon neutral through the implementation of different reduction strategies such as the replacement of fossil-fueled vehicles with electric cars. However, even if all reduction measures are taken, residual GHG emissions will still remain. Therefore, most HEIs have to compensate for the remaining emissions by, for example, buying carbon credits. However, due to growing criticism of carbon credit purchases, HEIs need to explore options for establishing carbon sinks on their own premises to offset their remaining, unavoidable emissions. This study aimed to assess the CO₂ footprint of Hochschule Geisenheim University (HGU) as an exemplary HEI, identify emission hot-spots, and investigate the potential of biomass utilization for achieving carbon neutrality or even negative emissions. The analysis found that HGU’s main emissions were scope 1 emissions, primarily caused by on-site heat supply. The research determined that conversion to a wood chip-based heating system alone was insufficient to achieve climate neutrality, but this goal could be achieved through additional carbon dioxide removal (CDR). By operating a pyrolysis-based bivalent heating system, the study demonstrated that heat demand could be covered while producing sufficient C-sink certificates to transform HGU into the first carbon-negative HEI, at a comparable price to conventional combustion systems. Surplus C-sink certificates could be made available to other authorities or ministries. The results showed that bivalent heating systems can play an important role in HEI transitions to CO₂ neutrality by contributing significantly to the most urgent challenge of the coming decades: removing CO₂ from the atmosphere to limit global warming to as far below 2 °C as possible at nearly no extra costs. Full article

Carbon markets have emerged as a central component of international climate change policies. Within these markets, forest carbon offset projects have become a key nature-based solution due to their low cost, large scale, and co-benefits. However, despite Australia’s vast forest estate, forest sector-specific offsets remain nascent in the Australian Carbon Market, the ACCU Scheme. Only 3.27% of Australian Carbon Credit Units have been issued to forest sector projects. This limited participation can be attributed to several constraints within the ACCU Scheme, principally the limited number of methods available for the forest sector to engage in. As a result, less than 1% of Australia’s current forest estate, both plantation and native forests, is considered eligible to participate in the ACCU Scheme. This limited eligibility is further compounded by the complexity and cost of participation, which act as significant barriers for forest projects within the ACCU Scheme. This paper explores the potential to expand forest sector involvement in the Australian carbon market through a comprehensive literature review of forest sector involvement in international carbon markets. The review found extensive participation by the forest sector in international carbon markets, with various methods available across 20 markets, including the largest voluntary and compliance markets. These methods cover plantation forests, native forests, the bioeconomy, and the built environment. Key results indicate that revising existing methods, developing new ones through the ACCU Scheme’s proponent-led method development process, and increasing participation in international voluntary methods could significantly expand the types of forest sector projects contributing to emissions reductions through carbon markets. Broader conclusions suggest that by embracing lessons from international practises and addressing current methodological constraints, Australia can realise this potential. Doing so would not only bolster the nation’s climate change mitigation efforts, but also unlock the co-benefits of biodiversity, water quality, soil productivity, and ecosystem resilience, ultimately contributing to a sustainable and resilient bioeconomy. Full article

To promote the low-carbon energy transition, China is implementing renewable energy (RE) development policies such as renewable portfolio standards (RPSs), carbon emissions trading (CET) and China certified emission reduction (CCER) trading. However, using China’s current CET price to accurately reflect market information is difficult, which is not conducive to guiding low-carbon investment. Additionally, as RE power enters the era of grid parity, more revenues are needed to maintain generator operations. Therefore, in this study, we construct a system dynamics model to explore whether and how market mechanisms can optimize the power generation structure, and sensitivity analyses of CCER policy parameters are carried out to identify the impact and scope for improvement. The results show that (1) the market mechanism, especially the RPS mechanism, adjusts the profits of power generators, eliciting a surge in RE generation and optimizing the power generation structure; (2) CET and CCER prices change in the opposite direction of tradable green certificates (TGCs) and show a significant improvement effect on the on-grid electricity price; (3) successful implementation of the CCER mechanism can effectively energize the CET market. A lower CCER benchmark price, higher CCER offset ratio and CET fines can accelerate the growth of CCER and CET prices. Therefore, the government should promote TGC separation from power trading and rationally design CCER policies by lowering the CCER credit ratio, increasing CET fines, and expanding CCER market capacity to ensure that the guiding role of the market mechanism is better utilized. Full article

The introduction of a significant industrial carbon price in Alberta, Canada, has precipitated major changes in its electricity market, both for fossil fuel generators, which has resulted in a rapid transition from coal to natural gas, as well as for renewable energy projects, which can monetize emission offset credits. Coal, which generated close to half of the electricity in the province in 2016 before the major changes were introduced, had fallen to less than 8 percent by the end of 2023 and was completely phased out by June 2024. Conversely, wind energy grew from 6 to 12 percent of the annual supply, in part due to the increasing value of the carbon credits whose value is connected to the deemed greenhouse emissions they are displacing. As wind energy increased in penetration, it lowered its own market price, which was discounted from the average market price by 10–43 percent, but in turn increased the relative importance of its offset. This paper examines the evolution of emissions displaced by wind energy in Alberta by considering 10 years of historical merit order data and creating a counterfactual scenario where historical wind generation is replaced by next-in-merit units. On average, coal made up 84 percent of the marginal energy and 93 percent of the marginal emissions in 2018. As the coal capacity declined, natural gas units replaced coal on the margins, jumping from 21 percent of next-in-merit generation in 2020 to 84 percent in 2023. Alberta uses a deemed emissions displacement factor, which is a combination of historical build and operating margins that declined from 0.65 tCO₂e/MWh in 2010 to 0.52 tCO₂e/MWh in 2023. Using the counterfactual scenario, an alternative offset value is considered, which had a maximum difference of 57 percent (9 CAD/MWh) of increased value over the actual historical offset. However, the counterfactual rate of emission offsets fell to near parity with the deemed grid displacement factor by 2022 as natural gas became increasingly dominant in the market. As the carbon price is scheduled to increase from 65 CAD/tCO₂e in 2023 to 170 CAD/tCO₂e by 2030, the provincial offset could reach a maximum value of 53 CAD/MWh in 2030 but begin to decline thereafter as the carbon price drives decarbonization, thereby lowering displaced emissions in either method of calculation. The introduction of significant carbon pricing into a thermally dominated electricity market resulted in more emissions being displaced by renewable energy than they were credited for in the short term, but the resultant decarbonization of the grid decreases the long-term value of emission offsets. Full article

With increasing concrete production, CO₂ emissions rise, and natural resources deplete, creating a need for new material solutions. This article analyzes the feasibility of using green materials, like recycled aggregate (RA) from construction and demolition waste (CDW) to be incorporated into concrete (RAC). The objective of this paper is to determine that the use of RA ensures receiving sustainable concrete in comparison with NA and LA. The sustainability assessment was conducted based on an analysis of the life cycle in terms of the environmental, economic, and public perception aspects. Additionally, the analysis was extended to include two newly introduced indicators: quality of aggregates and concrete performance. A proprietary scoring method based on ideal aggregate characteristics was used, which was enhanced by innovative multidimensional analysis, with credits assigned based on a literature review conducted using artificial intelligence (AI) statistical tools to partially assist in the selection of items. The results could even show that RA outperformed natural aggregates (NA) and artificial (light) aggregates (LA) in the environmental (over 80% of the results) results as well as the economic (over 65%) and public perception categories (over 80%). However, RA ranked second behind NA in terms of quality aggregates and concrete performance, with LA scoring lowest. The results highlight RAC as a satisfactory sustainable option compared with NAC, supporting the circular economy by reducing waste, emissions, and resource consumption. The best solution would be hybrid concrete containing a partial substitute for natural aggregates in the form of recycled aggregates, enabling the advantages of both types of aggregates to complement each other and offset their limitations. Full article

Voluntary carbon markets (VCMs) are gaining momentum as a strategy for climate change mitigation through forest carbon offset (FCO) projects in the United States (US). Despite this, few studies have examined the carbon storage performance and co-benefits associated with FCO projects, including afforestation/reforestation (A/R) and avoided conversion (AC). This study examines the current status of all existing A/R, AC, and avoided grassland conversion (AGC) projects registered within the VCM in the US. Using data from public carbon offset registries, we focus our analysis on the geographical and ownership distributions, project size, issued and retired credits, and co-benefits generated by these project types. Results showed a significant concentration of FCO projects in southern and western states, with 168,253 acres in Arkansas, 71,105 acres in Montana, and 42,857 acres in Colorado. Regarding project ownership, approximately 60% of all projects were owned by private companies and individuals or families. Analysis of offset credits by vintage period revealed that A/R projects generate a higher volume of both issued and retired credits compared to AC and AGC projects. Additionally, content analysis indicated that A/R projects provide a greater number of environmental and socioeconomic co-benefits than their AC and AGC counterparts. The findings from this study can improve our understanding of markets for forest-based ecosystem services and provide valuable insights for program administrators and policymakers to inform the decisions surrounding climate investments. Full article

Often considered the most pristine natural areas, mountains are the third most important tourist destination in the world after coasts and islands, contributing significantly to the tourism sector (15–20%). Tourism is economically important for many mountain communities and is among the key drivers of economic growth in mountain regions worldwide. However, these high-altitude places are under increasing pressure from activities such as expeditions and trekking, which can contribute to the degradation of mountain ecosystems. In this study, we focused on the Italian expedition to K2 in July 2024, which celebrated the 70th anniversary of the first ascent in 1954. In particular, we assessed its environmental impact by estimating the expedition’s carbon footprint. We also discussed the different impact compared to the previous Italian expeditions. Overall, the 2024 Italian expedition to K2 had a carbon footprint of 27,654 kg CO_2-eq, or 1383 kg CO_2-eq per team member that flew from Italy. Air transport (i.e., the flight from Italy to Pakistan via Islamabad) was the largest source of emissions (91.7%, divided into 66.4% for passengers and 25.4% for cargo). Waste incineration was the smallest contributor (1.1%). Instead of using traditional diesel generators, the 2024 expedition used photovoltaic panels to generate electricity, eliminating further local greenhouse gas emissions. At the carbon credit price of 61.30 USD/ton of CO₂ or 57.02 EUR/ton of CO₂, offsetting the expedition’s emissions would cost 1695 USD or EUR 1577. This approach seems feasible and effective for mitigating the environmental impact of expeditions such as the one performed in 2024 by Italians. Full article