Abstract
This article presents a new market instrument to compensate for the earthquake damage that occurs in Groningen due to the extraction of natural gas. Earthquake certificates give home owners a right to yearly compensation by NAM (Shell/ExxonMobil) and the government, for both property damage and degradation of living space. These certificates are tradable within the Netherlands to stimulate the illiquid housing market in the province of Groningen.
| Translated title of the contribution | On the drawing table: tradable earthquake certificates |
|---|---|
| Original language | Dutch |
| Pages (from-to) | 122-125 |
| Number of pages | 4 |
| Journal | Economisch Statistische Berichten |
| Volume | 102 |
| Issue number | 4747 |
| Publication status | Published - 9-Mar-2017 |
Keywords
- earthquakes
- tradable rights
- gas market governance
- Groningen
- market-based instruments