State and Trends of the Carbon Market 2005

This study reviews the state and trends of the carbon market as of May 2005, based on material provided by Evolution Markets LLC, and Natsource LLC, and based on interviews with a large number of market participants. One of the main findings is the regulatory framework of the carbon market has solid...

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Bibliographic Details
Main Authors: Lecocq, Franck, Capoor, Karan
Format: Working Paper
Language:en_US
Published: World Bank, Washington, DC 2013
Subjects:
Online Access:http://hdl.handle.net/10986/13411
Description
Summary:This study reviews the state and trends of the carbon market as of May 2005, based on material provided by Evolution Markets LLC, and Natsource LLC, and based on interviews with a large number of market participants. One of the main findings is the regulatory framework of the carbon market has solidified considerably in the past 12 months, with the start of operations of EU ETS on January 1, 2005 and the entry into force of the Kyoto Protocol on February 16, 2005. While regulatory uncertainty continues, notably for the registration of Clean Development Mechanism (CDM) projects by the CDM Executive Board.