Dealing with political risk
政治リスクへの対応 (AI 翻訳)
Owain Johnson
🤖 gxceed AI 要約
日本語
炭素市場において、排出削減プロジェクトの開発者が直面する政治的リスクについて、CDMや自主的市場での経験を基に解説。規制の変化がクレジット需要に与える影響を強調。
English
Based on experience in carbon markets, including CDM and voluntary markets, this paper explains how political risk shapes the demand for carbon credits and the viability of emission reduction projects. It highlights the vulnerability of project developers to regulatory shifts.
Unofficial AI-generated summary based on the public title and abstract. Not an official translation.
📝 gxceed 編集解説 — Why this matters
日本のGX文脈において
日本の企業が国際的な炭素クレジット市場に参加する際、政治リスクの理解は不可欠。特にJCMや海外でのプロジェクト開発における政策変化への備えに示唆。
In the global GX context
This paper offers a practical perspective on the political sensitivity of carbon markets, relevant to global discussions on transition finance and the integrity of carbon credits under Article 6 of the Paris Agreement.
👥 読者別の含意
🔬研究者:Highlights the role of political risk in carbon market design and project economics.
🏢実務担当者:Provides lessons for companies developing or purchasing carbon credits, especially regarding regulatory stability.
🏛政策担当者:Underscores the need for consistent policy frameworks to support carbon markets.
📄 Abstract（原文）
Torleif Haugland details his experience working in carbon markets, specifically with the development of emissions reduction projects targeting methane and flaring in the oil and gas sector. He explains that carbon credits are uniquely sensitive to political changes, as demand is often set by regulatory decisions rather than consistent market needs. Haugland co-founded Carbon Limits to develop decarbonization projects that could generate credits for sale, first under the Clean Development Mechanism (CDM), and later in the voluntary and compliance markets. The CDM created real cost savings for regulated industries by enabling the purchase of credits generated at lower cost outside cap-and-trade systems, but the market collapsed following policy shifts and falling allowance prices. Later, projects selling upstream emission reduction credits into Germany’s system again experienced growth, controversy, and sudden closure. Haugland’s career illustrates the opportunity and risk faced by project developers whose business models are shaped not just by technology or environmental criteria, but by regulatory and political stability.
🔗 Provenance — このレコードを発見したソース
- openalex https://doi.org/10.4324/9781003359739-48first seen 2026-06-29 04:50:01 · last seen 2026-06-29 04:51:15
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