Tradable planning permits versus auctioned tradable development rights: different trading agents, different policy outcomes

Vejchodská, Eliška

doi:10.1080/09640568.2015.1077105

Cited by 13 publications

(3 citation statements)

References 34 publications

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“…However, to continuously and prospectively ensure that a certain level of land take is not surpassed, as the "no net land take" target recommends, innovative and more targeted instruments are needed in spatial planning and governance. Examples of such instruments include trading schemes with planning permits [72] or with development rights adapted for the European context [73]. Spatial planning instruments also have the potential of allowing more nuanced judgements of land take.…”

Section: Conclusion and Recommendationsmentioning

confidence: 99%

Land Consumption and Land Take: Enhancing Conceptual Clarity for Evaluating Spatial Governance in the EU Context

et al. 2020

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Rapid expansion of settlements and related infrastructures is a global trend that comes with severe environmental, economic, and social costs. Steering urbanization toward well-balanced compactness is thus acknowledged as an important strategic orientation in UN Sustainable Development Goal 11 (SDG-11) via the SDG-indicator “Ratio of land consumption rate to population growth rate.” The EU’s simultaneous commitment to being “a frontrunner in implementing […] the SDGs” and to striving for “no net land take until 2050” calls for relating the concepts of land consumption and land take to each other. Drawing on an EU-centred questionnaire study, a focus group and a literature review, we scrutinize definitions of land consumption and land take, seeking to show how they are interrelated, and questioning the comparability of respective indicators. We argue that conceptual clarifications and a bridging of the two notions are much needed, and that the precision required for definitions and applications is context-dependent. While approximate understandings may suffice for general communication and dissemination objectives, accurate and consistent interpretations of the discussed concepts seem indispensable for monitoring and reporting purposes. We propose ways of addressing existing ambiguities and suggest prioritizing the term land take in the EU context. Thereby, we aim to enhance conceptual clarity around land consumption and land take—a precondition for solidly informing respective policies and decisions.

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Section: Conclusion and Recommendationsmentioning

confidence: 99%

Land Consumption and Land Take: Enhancing Conceptual Clarity for Evaluating Spatial Governance in the EU Context

et al. 2020

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“…Moreover, for TDR to be redeemed as officially authorized permits, they are first traded as offset credits through various secondary market arrangements that can include public auctions (Vejchodská, 2016), stock exchanges (Sandroni, 2010) and private markets (Shih, Chiang, Chang, & Chang, 2017).…”

Section: Transferable Development Rights (Tdr)mentioning

confidence: 99%

Cashing in on the sky: financialization and urban air rights in the Taipei Metropolitan Area

Chen

2019

Regional Studies

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“…In this discussion on how to achieve a more sustainable level of land consumption, the introduction of a cap and trade system using tradable development rights (TDR) has been suggested by scholars and policy-makers alike. Based on its inherent flexibility of having market forces determine which projects are sufficiently valuable to justify land consumption-while strictly adhering to the predefined cap on the aggregate level-a cap and trade system is assumed to be an instrument superior in efficiency to traditional regulatory measures (see e.g., [1][2][3][4][5]).…”

Section: Introductionmentioning

confidence: 99%

Laboratory Experiments of Tradable Development Rights: A Synthesis of Different Treatments

2018

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Tradable development rights (TDR) are considered by scholars and regulators in various countries as a means of reducing land consumption efficiently. Similar to the development of CO 2 -certificate trading schemes, the methodology of experimental economics can be used to derive empirical evidence on the core parameters and problems of TDR schemes, thus extending theoretical modelling and evidence from case studies. Building on a common laboratory experimental framework, we discuss results from five distinct experiments that consider mechanisms of allocation, resilience against external shocks, political business cycles, communication and collusion, and risk. These results provide initial empirical directions for the further study and introduction of TDR schemes for managing and reducing environmental issues related to land consumption for building projects.

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Tradable planning permits versus auctioned tradable development rights: different trading agents, different policy outcomes

Cited by 13 publications

References 34 publications

Land Consumption and Land Take: Enhancing Conceptual Clarity for Evaluating Spatial Governance in the EU Context

Land Consumption and Land Take: Enhancing Conceptual Clarity for Evaluating Spatial Governance in the EU Context

Cashing in on the sky: financialization and urban air rights in the Taipei Metropolitan Area

Laboratory Experiments of Tradable Development Rights: A Synthesis of Different Treatments

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