Global S&T Development Trend Analysis Platform of Resources and Environment
DOI | 10.1016/j.enpol.2018.03.020 |
Tradable earthquake certificates | |
Woerdman, Edwin1; Dulleman, Minne2 | |
2018-06-01 | |
发表期刊 | ENERGY POLICY
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ISSN | 0301-4215 |
EISSN | 1873-6777 |
出版年 | 2018 |
卷号 | 117页码:370-376 |
文章类型 | Article |
语种 | 英语 |
国家 | Netherlands |
英文摘要 | This article presents a market-based idea to compensate for earthquake damage caused by the extraction of natural gas and applies it to the case of Groningen in the Netherlands. Earthquake certificates give homeowners a right to yearly compensation for both property damage and degradation of living space. The level of compensation is a percentage of the joint annual gas revenues of the Dutch government, Shell and ExxonMobil and may vary based on the intensity of earthquakes in the previous year. These certificates are tradable within the Netherlands to stimulate the illiquid housing market in the province of Groningen. Although frequent earthquakes have decreased property values in this province, a seller will still receive an efficient price for his house because he can also sell his earthquake certificate. A buyer of this certificate receives an annual stream of income and may use these revenues, for instance, to repay his mortgage or to maintain his house at reduced tax levels. However, multiple implementation problems make the viability of this market-based instrument difficult if not questionable, such as the political decision on the aforementioned level of revenue sharing and the behavioral complexity of the options that tradable earthquake certificates offer to homeowners. |
英文关键词 | Earthquake policy Natural gas Damage compensation Market-based instruments Tradable rights Housing market |
领域 | 气候变化 |
收录类别 | SCI-E ; SSCI |
WOS记录号 | WOS:000431932600036 |
WOS类目 | Economics ; Energy & Fuels ; Environmental Sciences ; Environmental Studies |
WOS研究方向 | Business & Economics ; Energy & Fuels ; Environmental Sciences & Ecology |
引用统计 | |
文献类型 | 期刊论文 |
条目标识符 | http://119.78.100.173/C666/handle/2XK7JSWQ/17672 |
专题 | 气候变化 |
作者单位 | 1.Univ Groningen, Fac Law, Dept Business Law European Law & Tax Law, POB 716, NL-9700 AS Groningen, Netherlands; 2.TKP Pensioen BV, Groningen, Netherlands |
推荐引用方式 GB/T 7714 | Woerdman, Edwin,Dulleman, Minne. Tradable earthquake certificates[J]. ENERGY POLICY,2018,117:370-376. |
APA | Woerdman, Edwin,&Dulleman, Minne.(2018).Tradable earthquake certificates.ENERGY POLICY,117,370-376. |
MLA | Woerdman, Edwin,et al."Tradable earthquake certificates".ENERGY POLICY 117(2018):370-376. |
条目包含的文件 | 条目无相关文件。 |
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