The role of public-private partnerships in local infrastructure: the case of carbon offset projects

Dorothee Teichmann

in Economics Thesis from University Paris Dauphine from Paris Dauphine University

Abstract: Investment in low carbon infrastructure is considered an important component of the fight against climate change. The mechanisms of climate regulation (such as carbon offsets) transfer to project developers the risks associated with reducing emissions of greenhouse gas (GHG) emissions, i.e. operational and technological risk, or risks associated with the environmental monitoring and the regulatory mechanism itself. The success of projects depends importantly on the risk sharing arrangements between the private and public partners. It is shown that the delegation of tasks between the partners can create risks that affect the environmental effectiveness and economic efficiency of the project. For a sample of landfill gas flaring projects financed under the Clean Development Mechanism, it is shown that the outsourcing of the provision of technology creates additional risks. The outsourcing of the development of the official project documentation required by the UNFCCC and the separation of the operation of the landfill and the CDM project development appear to be manageable by risk sharing arrangements.

Keywords: partenariats privé-public; infrastructure locale; gestion des déchets; Mécanisme pour un Développement Propre; changement climatique; théorie des contrats; Public-private partnerships; local infrastructure; waste management; Clean Development Mechanism; climate change; contract theory (search for similar items in EconPapers)
JEL-codes: L24 L33 Q53 Q54 (search for similar items in EconPapers)
Date: 2011 Written 2011
Note: dissertation
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

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