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• W2979326018 startingPage "101037" @default.
• W2979326018 abstract "Many types of costs should be considered in the contract design of Reducing Emissions from Deforestation and Degradation (REDD+). However, the existing benefit-sharing mechanism in REDD+ ignores the fact that different types of costs are distributed among multiple stakeholders, leading to the adoption of command-and-control subsidies rather than market-based incentives to motivate stakeholders’ emission reductions. This study uses the Nash model and Stackelberg model to demonstrate the decision-making behavior of private investors and landholders under two REDD+ contracts and the effects on their own profits. Moreover, numerical simulations and sensitivity analyses were carried out to compare the effects of the two REDD+ contracts on the emission reduction and profit of private investors and landholders. The findings demonstrate that the cost-sharing REDD+ contract creates benefits by encouraging stakeholders to reduce emissions rather than one party’s deprivation of the other and is, therefore, a fair and effective mechanism. The neoliberal incentive structure constructed by this cost-sharing REDD+ contract helps to overcome the shortcomings of existing benefit-sharing mechanism in REDD+ that relies on command-and-control subsidies. Thus, such a contract is a feasible solution to encourage more countries to include REDD+ in their Nationally Determined Contributions and to ensure the attractiveness for the private sector." @default.
• W2979326018 created "2019-10-18" @default.
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• W2979326018 date "2019-12-01" @default.
• W2979326018 modified "2023-10-13" @default.
• W2979326018 title "Incentivizing REDD+: The role of cost-sharing mechanisms in encouraging stakeholders to reduce emissions from deforestation and degradation" @default.
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• W2979326018 doi "https://doi.org/10.1016/j.ecoser.2019.101037" @default.
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