Securitizing Environmental Risk and the Keystone XL Pipeline

V. Smith

The Economists' Voice, 2012, vol. 9, issue 1, 4

Abstract: When faced with irreversible decisions with significant uncertainty about the environmental costs of accidents, such as the Keystone XL Pipeline or hydro-fracking for natural gas, policymakers should use an environmental bond to securitize self insurance.

Date: 2012
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DOI: 10.1515/1553-3832.1890

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