State and Trends of the Carbon Market 2009
Over the past year, the global economy has cooled significantly, a far cry from the boom just a year ago in various countries and across markets. At the same time, the scientific community communicated the heightened urgency of taking action on climate change. Policymakers at national, regional, and...
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World Bank, Washington, DC
2013
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| Online Access: | http://hdl.handle.net/10986/13403 |
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okr-10986-134032021-04-23T14:03:08Z State and Trends of the Carbon Market 2009 Capoor, Karan Ambrosi, Philippe abatement abatement measures aggregate emissions allowance trading aluminum industries approach atmospheric concentrations auction auctions availability average emissions average price BALANCE baseline emissions Carbon carbon capture Carbon Finance carbon intensity Carbon Market carbon tax cement CFCs chlorofluorocarbons Clean Development Mechanism Clean Energy clean technologies clean technology Climate Change climate policy coal combustion Commerce commodity prices competitiveness Deforestation demonstration plants Developed Countries distribution systems economic growth economists Electric Power electric utilities electricity electricity generation Electricity Producers electricity sector electricity supply Emission emission cap Emission Reduction Emission Reductions emission targets Emissions emissions allowances emissions data emissions from energy emissions standards emissions targets energy efficiency energy efficiency measures ENERGY INTENSIVE Energy Outlook energy price energy prices energy production energy research energy resources energy savings energy sources energy technology energy use Environmental environmental integrity environmental performance environmental policies Environmental Protection Environmental Protection Agency financial market forestry fuel fuel combustion fuel price fuel quality fuels fugitive emissions gas distribution gases global climate change global environment Greenhouse Greenhouse Gas greenhouse gas emissions greenhouse gas reductions human health imports income inflation interest rates international competitiveness investments in energy Joint Implementation land use legislation liquid fuel maritime transport market instruments market price MARKET PRICES market value Member States natural ecosystems natural gas natural resources nitrous oxide oil oil markets oil price Political Economy polluters Pollution Pollution Reduction potential demand power power consumption power plants power producers power sector power utilities price cap price caps Price Control price forecast price increases price levels price volatility producers production costs PROMOTING ENERGY EFFICIENCY purchasing rebate rebates reducing emissions reduction in emissions Renewable Electricity renewable energy renewable energy production renewable energy technologies renewable portfolio standards renewable source RISK MANAGEMENT sale sales savings Solar Power spot market spot markets spread stabilization of emissions surplus Sustainable Development tax credits technological progress technology transfers utilities vehicle emissions vehicles volatility waste windfall profits Over the past year, the global economy has cooled significantly, a far cry from the boom just a year ago in various countries and across markets. At the same time, the scientific community communicated the heightened urgency of taking action on climate change. Policymakers at national, regional, and international levels have put forward proposals to respond to the climate challenge. The most concrete of these is the adopted European Union (EU) climate and energy package (20 percent below 1990 levels by 2020), which guarantees a level of carbon market continuity beyond 2012. The EU package, along with proposals from the U.S. and Australia, tries to address the key issues of ambition, flexibility, scope, and competitiveness. Taken together, the proposals tabled by the major industrialized countries do not match the aggregate level of annex one ambition called for by the Intergovernmental Panel on Climate Change, or IPCC (25-40 percent reductions below 1990). Setting targets in line with the science will send the right market signal to stimulate greater cooperation with developing countries to scale up mitigation. 2013-05-14T16:01:10Z 2013-05-14T16:01:10Z 2009-05 http://hdl.handle.net/10986/13403 en_US CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank World Bank, Washington, DC Publications & Research :: Working Paper |
| repository_type |
Digital Repository |
| institution_category |
Foreign Institution |
| institution |
Digital Repositories |
| building |
World Bank Open Knowledge Repository |
| collection |
World Bank |
| language |
en_US |
| topic |
abatement abatement measures aggregate emissions allowance trading aluminum industries approach atmospheric concentrations auction auctions availability average emissions average price BALANCE baseline emissions Carbon carbon capture Carbon Finance carbon intensity Carbon Market carbon tax cement CFCs chlorofluorocarbons Clean Development Mechanism Clean Energy clean technologies clean technology Climate Change climate policy coal combustion Commerce commodity prices competitiveness Deforestation demonstration plants Developed Countries distribution systems economic growth economists Electric Power electric utilities electricity electricity generation Electricity Producers electricity sector electricity supply Emission emission cap Emission Reduction Emission Reductions emission targets Emissions emissions allowances emissions data emissions from energy emissions standards emissions targets energy efficiency energy efficiency measures ENERGY INTENSIVE Energy Outlook energy price energy prices energy production energy research energy resources energy savings energy sources energy technology energy use Environmental environmental integrity environmental performance environmental policies Environmental Protection Environmental Protection Agency financial market forestry fuel fuel combustion fuel price fuel quality fuels fugitive emissions gas distribution gases global climate change global environment Greenhouse Greenhouse Gas greenhouse gas emissions greenhouse gas reductions human health imports income inflation interest rates international competitiveness investments in energy Joint Implementation land use legislation liquid fuel maritime transport market instruments market price MARKET PRICES market value Member States natural ecosystems natural gas natural resources nitrous oxide oil oil markets oil price Political Economy polluters Pollution Pollution Reduction potential demand power power consumption power plants power producers power sector power utilities price cap price caps Price Control price forecast price increases price levels price volatility producers production costs PROMOTING ENERGY EFFICIENCY purchasing rebate rebates reducing emissions reduction in emissions Renewable Electricity renewable energy renewable energy production renewable energy technologies renewable portfolio standards renewable source RISK MANAGEMENT sale sales savings Solar Power spot market spot markets spread stabilization of emissions surplus Sustainable Development tax credits technological progress technology transfers utilities vehicle emissions vehicles volatility waste windfall profits |
| spellingShingle |
abatement abatement measures aggregate emissions allowance trading aluminum industries approach atmospheric concentrations auction auctions availability average emissions average price BALANCE baseline emissions Carbon carbon capture Carbon Finance carbon intensity Carbon Market carbon tax cement CFCs chlorofluorocarbons Clean Development Mechanism Clean Energy clean technologies clean technology Climate Change climate policy coal combustion Commerce commodity prices competitiveness Deforestation demonstration plants Developed Countries distribution systems economic growth economists Electric Power electric utilities electricity electricity generation Electricity Producers electricity sector electricity supply Emission emission cap Emission Reduction Emission Reductions emission targets Emissions emissions allowances emissions data emissions from energy emissions standards emissions targets energy efficiency energy efficiency measures ENERGY INTENSIVE Energy Outlook energy price energy prices energy production energy research energy resources energy savings energy sources energy technology energy use Environmental environmental integrity environmental performance environmental policies Environmental Protection Environmental Protection Agency financial market forestry fuel fuel combustion fuel price fuel quality fuels fugitive emissions gas distribution gases global climate change global environment Greenhouse Greenhouse Gas greenhouse gas emissions greenhouse gas reductions human health imports income inflation interest rates international competitiveness investments in energy Joint Implementation land use legislation liquid fuel maritime transport market instruments market price MARKET PRICES market value Member States natural ecosystems natural gas natural resources nitrous oxide oil oil markets oil price Political Economy polluters Pollution Pollution Reduction potential demand power power consumption power plants power producers power sector power utilities price cap price caps Price Control price forecast price increases price levels price volatility producers production costs PROMOTING ENERGY EFFICIENCY purchasing rebate rebates reducing emissions reduction in emissions Renewable Electricity renewable energy renewable energy production renewable energy technologies renewable portfolio standards renewable source RISK MANAGEMENT sale sales savings Solar Power spot market spot markets spread stabilization of emissions surplus Sustainable Development tax credits technological progress technology transfers utilities vehicle emissions vehicles volatility waste windfall profits Capoor, Karan Ambrosi, Philippe State and Trends of the Carbon Market 2009 |
| description |
Over the past year, the global economy has cooled significantly, a far cry from the boom just a year ago in various countries and across markets. At the same time, the scientific community communicated the heightened urgency of taking action on climate change. Policymakers at national, regional, and international levels have put forward proposals to respond to the climate challenge. The most concrete of these is the adopted European Union (EU) climate and energy package (20 percent below 1990 levels by 2020), which guarantees a level of carbon market continuity beyond 2012. The EU package, along with proposals from the U.S. and Australia, tries to address the key issues of ambition, flexibility, scope, and competitiveness. Taken together, the proposals tabled by the major industrialized countries do not match the aggregate level of annex one ambition called for by the Intergovernmental Panel on Climate Change, or IPCC (25-40 percent reductions below 1990). Setting targets in line with the science will send the right market signal to stimulate greater cooperation with developing countries to scale up mitigation. |
| format |
Publications & Research :: Working Paper |
| author |
Capoor, Karan Ambrosi, Philippe |
| author_facet |
Capoor, Karan Ambrosi, Philippe |
| author_sort |
Capoor, Karan |
| title |
State and Trends of the Carbon Market 2009 |
| title_short |
State and Trends of the Carbon Market 2009 |
| title_full |
State and Trends of the Carbon Market 2009 |
| title_fullStr |
State and Trends of the Carbon Market 2009 |
| title_full_unstemmed |
State and Trends of the Carbon Market 2009 |
| title_sort |
state and trends of the carbon market 2009 |
| publisher |
World Bank, Washington, DC |
| publishDate |
2013 |
| url |
http://hdl.handle.net/10986/13403 |
| _version_ |
1764423440386752512 |