Joint Production, Biodiversity Markets, and PES and Stacking Public Deposited

http://ir.library.oregonstate.edu/concern/conference_proceedings_or_journals/zg64tq84m

Proceedings of the Eighteenth Biennial Conference of the International Institute of Fisheries Economics and Trade, held July 11-15, 2016 at Aberdeen Exhibition and Conference Center (AECC), Aberdeen, Scotland, UK.

Suggested Bibliographic Reference: Challenging New Frontiers in the Global Seafood Sector: Proceedings of the Eighteenth Biennial Conference of the International Institute of Fisheries Economics and Trade, July 11-15, 2016. Compiled by Stefani J. Evers and Ann L. Shriver. International Institute of Fisheries Economics and Trade (IIFET), Corvallis, 2016.

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  • Joint production of multiple offsets and/or ecosystem services that enter in multiple markets complicates the standard interpretations of baselines, additionality, and the process of stacking. Intuitively, joint production means that the process of providing the multiple offsets and/or ecosystem services is interrelated, and nonjointness means that each offset or ecosystem services is independently provided. When provision is joint, offsets or ecosystem services cannot be supplied, conserved, or managed in isolation from one another, or depending upon the situation, from accompanying commercial economic activity (such as a farmer raising a crop and also providing an offset or a vessel harvesting a commercial species but offsetting a non-market megafauna species). Credit markets and the equilibrium prices and quantities are correspondingly intertwined. This presentation defines three different types of input joint and nonjoint production and the implications for additionality, baselines, and stacking for biodiversity credit markets and providers of offsets or ecosystem services.
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  • 0976343290

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