Udskriv

Offsetting, Insetting, or Both? Current Trends in Sustainable Palm Oil Certification

Publikation: Bidrag til tidsskriftTidsskriftartikelForskningpeer review

Standard

Offsetting, Insetting, or Both? Current Trends in Sustainable Palm Oil Certification. / Gallemore, Caleb; Jespersen, Kristjan.

I: Sustainability, Bind 11, Nr. 19, 5393, 2019.

Publikation: Bidrag til tidsskriftTidsskriftartikelForskningpeer review

Harvard

APA

CBE

MLA

Vancouver

Author

Bibtex

@article{31b5ee67597e49eaa353e5d8be0cf3cb,
title = "Offsetting, Insetting, or Both?: Current Trends in Sustainable Palm Oil Certification",
abstract = "Private environmental standards attempt, in part, to internalize environmental externalities. Offsetting firms’ environmental externalities by buying credits is one option. Another is insetting, in which firms attempt to address externalities and provide positive benefits within their own supply chain. These two approaches to internalizing externalities can be in tension, leading toward different types of sustainable markets. Firms adopting private standards as way of avoiding reputational risks may be more likely to support insetting than offsetting strategies if their primary goal is to distinguish themselves from the rest of their industry, but these strategies can also risk separating the market into niche, high-quality producers alongside a low-quality majority. These tensions play out in the Roundtable on Sustainable Palm Oil (RSPO), where offsetting and insetting exist side-by-side. Strategic pressures promoting insetting strategies lead firms to exit the system’s offset market, but this comes with the cost of losing some of the flexibility and lowered entry barriers the offset approach offers. New technologies might allow standards to combine the benefits of both approaches, keeping the reputational benefits of insetting and the flexibility of offsetting.",
keywords = "Palm oil, Environmental standards, Multi-stakeholder initiatives (MSi), Roundtable for Sustainable Palm Oil (RSPO), Offsetting, Insetting, Certification, Palm oil, Environmental standards, Multi-stakeholder initiatives (MSi), Roundtable for Sustainable Palm Oil (RSPO), Offsetting, Insetting, Certification",
author = "Caleb Gallemore and Kristjan Jespersen",
year = "2019",
doi = "10.3390/su11195393",
language = "English",
volume = "11",
journal = "Sustainability",
issn = "2071-1050",
publisher = "MDPI",
number = "19",

}

RIS

TY - JOUR

T1 - Offsetting, Insetting, or Both?

T2 - Current Trends in Sustainable Palm Oil Certification

AU - Gallemore, Caleb

AU - Jespersen, Kristjan

PY - 2019

Y1 - 2019

N2 - Private environmental standards attempt, in part, to internalize environmental externalities. Offsetting firms’ environmental externalities by buying credits is one option. Another is insetting, in which firms attempt to address externalities and provide positive benefits within their own supply chain. These two approaches to internalizing externalities can be in tension, leading toward different types of sustainable markets. Firms adopting private standards as way of avoiding reputational risks may be more likely to support insetting than offsetting strategies if their primary goal is to distinguish themselves from the rest of their industry, but these strategies can also risk separating the market into niche, high-quality producers alongside a low-quality majority. These tensions play out in the Roundtable on Sustainable Palm Oil (RSPO), where offsetting and insetting exist side-by-side. Strategic pressures promoting insetting strategies lead firms to exit the system’s offset market, but this comes with the cost of losing some of the flexibility and lowered entry barriers the offset approach offers. New technologies might allow standards to combine the benefits of both approaches, keeping the reputational benefits of insetting and the flexibility of offsetting.

AB - Private environmental standards attempt, in part, to internalize environmental externalities. Offsetting firms’ environmental externalities by buying credits is one option. Another is insetting, in which firms attempt to address externalities and provide positive benefits within their own supply chain. These two approaches to internalizing externalities can be in tension, leading toward different types of sustainable markets. Firms adopting private standards as way of avoiding reputational risks may be more likely to support insetting than offsetting strategies if their primary goal is to distinguish themselves from the rest of their industry, but these strategies can also risk separating the market into niche, high-quality producers alongside a low-quality majority. These tensions play out in the Roundtable on Sustainable Palm Oil (RSPO), where offsetting and insetting exist side-by-side. Strategic pressures promoting insetting strategies lead firms to exit the system’s offset market, but this comes with the cost of losing some of the flexibility and lowered entry barriers the offset approach offers. New technologies might allow standards to combine the benefits of both approaches, keeping the reputational benefits of insetting and the flexibility of offsetting.

KW - Palm oil

KW - Environmental standards

KW - Multi-stakeholder initiatives (MSi)

KW - Roundtable for Sustainable Palm Oil (RSPO)

KW - Offsetting

KW - Insetting

KW - Certification

KW - Palm oil

KW - Environmental standards

KW - Multi-stakeholder initiatives (MSi)

KW - Roundtable for Sustainable Palm Oil (RSPO)

KW - Offsetting

KW - Insetting

KW - Certification

UR - https://sfx-45cbs.hosted.exlibrisgroup.com/45cbs?url_ver=Z39.88-2004&url_ctx_fmt=info:ofi/fmt:kev:mtx:ctx&ctx_enc=info:ofi/enc:UTF-8&ctx_ver=Z39.88-2004&rfr_id=info:sid/sfxit.com:azlist&sfx.ignore_date_threshold=1&rft.object_id=1000000000717919&rft.object_portfolio_id=&svc.holdings=yes&svc.fulltext=yes

U2 - 10.3390/su11195393

DO - 10.3390/su11195393

M3 - Journal article

VL - 11

JO - Sustainability

JF - Sustainability

SN - 2071-1050

IS - 19

M1 - 5393

ER -