State and Trends of the Carbon Market 2008
The carbon market is the most visible result of early regulatory efforts to mitigate climate change. Regulation constraining carbon emissions has spawned an emerging carbon market that was valued at US$64 billion (Euro 47 billion) in 2007. Its biggest success so far has been to send market signals f...
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| Format: | Working Paper |
| Language: | en_US |
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World Bank, Washington, DC
2013
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| Subjects: | |
| Online Access: | http://hdl.handle.net/10986/13405 |
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okr-10986-13405 |
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| recordtype |
oai_dc |
| repository_type |
Digital Repository |
| institution_category |
Foreign Institution |
| institution |
Digital Repositories |
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World Bank Open Knowledge Repository |
| collection |
World Bank |
| language |
en_US |
| topic |
ABATEMENT accounting aggregate level Allowance markets ammonia annual emissions asset classes auction auctions average price balance balance sheet balance sheets bankruptcy barriers to entry Brokers call options capacity constraint capital adequacy capital inflow capitalization Carbon carbon abatement carbon asset carbon assets carbon capture carbon credits carbon dioxide carbon dioxide equivalent carbon emissions Carbon Finance carbon funds Carbon Investment Carbon Market Carbon Markets carbon mitigation carbon payments carbon purchase carbon purchase transactions carbon sequestration carbon tax Certified Emission Reductions Clean Development Clean Development Mechanism Clean Energy Climate Action Climate Change climate change agreement climate change negotiations climate change strategy Climate Change Team CLIMATE EXCHANGE climate policy climate protection commercial contracts competitiveness cost abatement opportunities credibility credit enhancement credit policies credit quality credit risk credit risks debt deforestation derivative derivative contracts derivatives developed countries developing countries developing country diesel dividends domestic emissions economic growth Economics electricity eligible credits Emission emission reduction emission reduction programs emission reductions Emission Reductions Transactions Emission Trading Emissions Emissions Data emissions growth Emissions Reductions energy efficiency energy prices environmental environmental integrity environmental performance equity investment financial institutions financial instrument financial instruments financial market financial markets financial resources foreign exchange forestry fuel fuel prices fuel switching fund manager fungible Future contracts futures Futures contracts gas project gas projects gases generation global carbon market global climate change global emissions global greenhouse gas global greenhouse gas emissions global market grace period GREENHOUSE GAS GREENHOUSE GAS ABATEMENT greenhouse gas emissions greenhouse gas reduction initial yield institutional investors international climate negotiations International Transaction investment banks investment decision Investment Funds issuance issuances Joint Implementation land-use activities Legislation letters of credit liquidity LLC loan Mark to market market analysts Market Demand market development market governance Market infrastructure market participant Market participants MARKET PLAYERS market price market share MARKET STRUCTURE market transaction market trends market value marketplaces Methane national emissions nitrous oxide offset project oil oil prices partial guarantees performance risk perverse incentives petroleum petroleum industry pipeline policy makers portfolio portfolio risk portfolios potential demand power power producers power sector price control price formation price transparency price trends primary energy Primary Market Private Capital producers production of electricity purchasing rate of return reducing emissions Regional Emissions regulatory infrastructure regulatory system regulatory systems renewable energy renewable energy projects reserve returns risk management Risk Profiles sale sales secondary carbon markets SECONDARY MARKET Secondary markets securities settlement spread supply of credits Sustainable Development swaps tax thermal input total emissions Trading tranche tranches Transaction transaction cost Transaction Costs utilities validation stage vehicles waste management weather patterns wind windfall profits |
| spellingShingle |
ABATEMENT accounting aggregate level Allowance markets ammonia annual emissions asset classes auction auctions average price balance balance sheet balance sheets bankruptcy barriers to entry Brokers call options capacity constraint capital adequacy capital inflow capitalization Carbon carbon abatement carbon asset carbon assets carbon capture carbon credits carbon dioxide carbon dioxide equivalent carbon emissions Carbon Finance carbon funds Carbon Investment Carbon Market Carbon Markets carbon mitigation carbon payments carbon purchase carbon purchase transactions carbon sequestration carbon tax Certified Emission Reductions Clean Development Clean Development Mechanism Clean Energy Climate Action Climate Change climate change agreement climate change negotiations climate change strategy Climate Change Team CLIMATE EXCHANGE climate policy climate protection commercial contracts competitiveness cost abatement opportunities credibility credit enhancement credit policies credit quality credit risk credit risks debt deforestation derivative derivative contracts derivatives developed countries developing countries developing country diesel dividends domestic emissions economic growth Economics electricity eligible credits Emission emission reduction emission reduction programs emission reductions Emission Reductions Transactions Emission Trading Emissions Emissions Data emissions growth Emissions Reductions energy efficiency energy prices environmental environmental integrity environmental performance equity investment financial institutions financial instrument financial instruments financial market financial markets financial resources foreign exchange forestry fuel fuel prices fuel switching fund manager fungible Future contracts futures Futures contracts gas project gas projects gases generation global carbon market global climate change global emissions global greenhouse gas global greenhouse gas emissions global market grace period GREENHOUSE GAS GREENHOUSE GAS ABATEMENT greenhouse gas emissions greenhouse gas reduction initial yield institutional investors international climate negotiations International Transaction investment banks investment decision Investment Funds issuance issuances Joint Implementation land-use activities Legislation letters of credit liquidity LLC loan Mark to market market analysts Market Demand market development market governance Market infrastructure market participant Market participants MARKET PLAYERS market price market share MARKET STRUCTURE market transaction market trends market value marketplaces Methane national emissions nitrous oxide offset project oil oil prices partial guarantees performance risk perverse incentives petroleum petroleum industry pipeline policy makers portfolio portfolio risk portfolios potential demand power power producers power sector price control price formation price transparency price trends primary energy Primary Market Private Capital producers production of electricity purchasing rate of return reducing emissions Regional Emissions regulatory infrastructure regulatory system regulatory systems renewable energy renewable energy projects reserve returns risk management Risk Profiles sale sales secondary carbon markets SECONDARY MARKET Secondary markets securities settlement spread supply of credits Sustainable Development swaps tax thermal input total emissions Trading tranche tranches Transaction transaction cost Transaction Costs utilities validation stage vehicles waste management weather patterns wind windfall profits Capoor, Karan Ambrosi, Philippe State and Trends of the Carbon Market 2008 |
| description |
The carbon market is the most visible result of early regulatory efforts to mitigate climate change. Regulation constraining carbon emissions has spawned an emerging carbon market that was valued at US$64 billion (Euro 47 billion) in 2007. Its biggest success so far has been to send market signals for the price of mitigating carbon emissions. This, in turn, has stimulated innovation and carbon abatement worldwide, as motivated individuals, communities, companies and governments have cooperated to reduce emissions. The European Union Emission Trading Scheme (EU ETS) market has been successful in its mission of reducing emissions through internal abatement at home, and of stimulating emission reductions abroad. The European Commission, learning from the experience of Phase I, has strengthened several important design elements for EU ETS Phase II. Clean Development Mechanism (CDM) accounted for the vast majority of project-based transactions (at 87 percent of volumes and 91percent of values) and JI saw transacted volumes doubling and values tripling in 2007 over the previous year. The CDM alone saw primary transactions worth US$7.4 billion (Euro 5.4 billion), with demand coming mainly from private sector entities in the EU, but also from EU governments and Japan. |
| 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 2008 |
| title_short |
State and Trends of the Carbon Market 2008 |
| title_full |
State and Trends of the Carbon Market 2008 |
| title_fullStr |
State and Trends of the Carbon Market 2008 |
| title_full_unstemmed |
State and Trends of the Carbon Market 2008 |
| title_sort |
state and trends of the carbon market 2008 |
| publisher |
World Bank, Washington, DC |
| publishDate |
2013 |
| url |
http://hdl.handle.net/10986/13405 |
| _version_ |
1764423443601686528 |
| spelling |
okr-10986-134052021-04-23T14:03:08Z State and Trends of the Carbon Market 2008 Capoor, Karan Ambrosi, Philippe ABATEMENT accounting aggregate level Allowance markets ammonia annual emissions asset classes auction auctions average price balance balance sheet balance sheets bankruptcy barriers to entry Brokers call options capacity constraint capital adequacy capital inflow capitalization Carbon carbon abatement carbon asset carbon assets carbon capture carbon credits carbon dioxide carbon dioxide equivalent carbon emissions Carbon Finance carbon funds Carbon Investment Carbon Market Carbon Markets carbon mitigation carbon payments carbon purchase carbon purchase transactions carbon sequestration carbon tax Certified Emission Reductions Clean Development Clean Development Mechanism Clean Energy Climate Action Climate Change climate change agreement climate change negotiations climate change strategy Climate Change Team CLIMATE EXCHANGE climate policy climate protection commercial contracts competitiveness cost abatement opportunities credibility credit enhancement credit policies credit quality credit risk credit risks debt deforestation derivative derivative contracts derivatives developed countries developing countries developing country diesel dividends domestic emissions economic growth Economics electricity eligible credits Emission emission reduction emission reduction programs emission reductions Emission Reductions Transactions Emission Trading Emissions Emissions Data emissions growth Emissions Reductions energy efficiency energy prices environmental environmental integrity environmental performance equity investment financial institutions financial instrument financial instruments financial market financial markets financial resources foreign exchange forestry fuel fuel prices fuel switching fund manager fungible Future contracts futures Futures contracts gas project gas projects gases generation global carbon market global climate change global emissions global greenhouse gas global greenhouse gas emissions global market grace period GREENHOUSE GAS GREENHOUSE GAS ABATEMENT greenhouse gas emissions greenhouse gas reduction initial yield institutional investors international climate negotiations International Transaction investment banks investment decision Investment Funds issuance issuances Joint Implementation land-use activities Legislation letters of credit liquidity LLC loan Mark to market market analysts Market Demand market development market governance Market infrastructure market participant Market participants MARKET PLAYERS market price market share MARKET STRUCTURE market transaction market trends market value marketplaces Methane national emissions nitrous oxide offset project oil oil prices partial guarantees performance risk perverse incentives petroleum petroleum industry pipeline policy makers portfolio portfolio risk portfolios potential demand power power producers power sector price control price formation price transparency price trends primary energy Primary Market Private Capital producers production of electricity purchasing rate of return reducing emissions Regional Emissions regulatory infrastructure regulatory system regulatory systems renewable energy renewable energy projects reserve returns risk management Risk Profiles sale sales secondary carbon markets SECONDARY MARKET Secondary markets securities settlement spread supply of credits Sustainable Development swaps tax thermal input total emissions Trading tranche tranches Transaction transaction cost Transaction Costs utilities validation stage vehicles waste management weather patterns wind windfall profits The carbon market is the most visible result of early regulatory efforts to mitigate climate change. Regulation constraining carbon emissions has spawned an emerging carbon market that was valued at US$64 billion (Euro 47 billion) in 2007. Its biggest success so far has been to send market signals for the price of mitigating carbon emissions. This, in turn, has stimulated innovation and carbon abatement worldwide, as motivated individuals, communities, companies and governments have cooperated to reduce emissions. The European Union Emission Trading Scheme (EU ETS) market has been successful in its mission of reducing emissions through internal abatement at home, and of stimulating emission reductions abroad. The European Commission, learning from the experience of Phase I, has strengthened several important design elements for EU ETS Phase II. Clean Development Mechanism (CDM) accounted for the vast majority of project-based transactions (at 87 percent of volumes and 91percent of values) and JI saw transacted volumes doubling and values tripling in 2007 over the previous year. The CDM alone saw primary transactions worth US$7.4 billion (Euro 5.4 billion), with demand coming mainly from private sector entities in the EU, but also from EU governments and Japan. 2013-05-14T17:10:57Z 2013-05-14T17:10:57Z 2008-05 http://hdl.handle.net/10986/13405 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 Publications & Research |