How to Keep Momentum Up in Carbon Markets?
This note examines how to maximize the benefits from the use of market instruments in support of developing countries' low-emission development priorities. First, it briefly surveys the current state and trends of the carbon market, highlighti...
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| Format: | Working Paper |
| Language: | English en_US |
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World Bank, Washington, DC
2017
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| Online Access: | http://documents.worldbank.org/curated/en/964701468152687188/How-to-keep-momentum-up-in-carbon-markets http://hdl.handle.net/10986/27093 |
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okr-10986-27093 |
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oai_dc |
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Digital Repository |
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Foreign Institution |
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Digital Repositories |
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World Bank Open Knowledge Repository |
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World Bank |
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English en_US |
| topic |
ABATEMENT COSTS ABATEMENT POTENTIAL ACID ACID PRODUCTION ADAPTATION FUND AFFORESTATION AGGREGATE EMISSIONS AIR AIR QUALITY ALLOCATION ALLOWANCE AUCTION AUCTION REVENUES BASELINE EMISSION BASELINE EMISSION INTENSITY BASELINE METHODOLOGY BIODIVERSITY CONSERVATION BIOGAS BIOMASS BIOMASS ENERGY CAPACITY BUILDING CARBON CARBON ASSETS CARBON BENEFITS CARBON CREDITING CARBON CREDITS CARBON EXCHANGE CARBON FINANCE CARBON FINANCE OPPORTUNITIES CARBON FOOTPRINT CARBON FUND CARBON FUNDS CARBON IN SOILS CARBON INTENSITY CARBON INVESTMENT CARBON MARKET CARBON MARKETS CARBON OFFSET CARBON PRICE CARBON PROJECTS CARBON REVENUES CARBON SEQUESTRATION CARBON TAX CARBON TAXES CARBON TRADING CERTIFIED EMISSION REDUCTIONS CHEMICAL INDUSTRY CLEAN DEVELOPMENT CLEAN DEVELOPMENT MECHANISM CLEAN ENERGY CLEAN TECHNOLOGY CLEAN TECHNOLOGY FUND CLEANER TECHNOLOGIES CLIMATE CLIMATE ACTION CLIMATE CHANGE CLIMATE CHANGE MITIGATION CLIMATE POLICIES CLIMATE POLICY CO CO2 COAL COMPACT FLUORESCENT LAMPS COMPLIANCE COSTS COST EFFECTIVENESS COST OF ABATEMENT COST SAVINGS COSTS OF ABATEMENT DECISION MAKING DECREASE IN EMISSIONS DEFORESTATION DEMAND-SIDE MANAGEMENT DEVELOPED COUNTRIES DEVELOPING COUNTRIES DEVELOPMENT BANK DIFFUSION DOMESTIC ABATEMENT DOMESTIC EMISSIONS DOMESTIC MARKETS DROUGHT ECONOMIC ACTIVITY ECONOMIC GROWTH ECOSYSTEM EMISSION EMISSION ALLOWANCES EMISSION INTENSITY EMISSION REDUCTION EMISSION REDUCTION PURCHASE AGREEMENT EMISSION REDUCTION UNITS EMISSION REDUCTIONS EMISSION REPORTING EMISSION RIGHTS EMISSION TRAJECTORIES EMISSION-REDUCTION EMISSIONS EMISSIONS CAPS EMISSIONS FROM ENERGY PRODUCTION EMISSIONS FROM LAND USE EMISSIONS REDUCTIONS EMISSIONS STANDARDS EMISSIONS TARGETS ENERGY DEMAND ENERGY EFFICIENCY ENERGY EFFICIENCY MEASURES ENERGY EFFICIENCY STANDARDS ENERGY SECURITY ENVIRONMENTAL ENVIRONMENTAL BENEFITS ENVIRONMENTAL INTEGRITY ENVIRONMENTAL QUALITY EROSION CONTROL ESTIMATES OF CARBON EXCESS EMISSIONS EXCHANGE RATE FINANCIAL BARRIERS FINANCIAL CONSTRAINTS FINANCIAL FLOWS FINANCIAL INNOVATION FINANCIAL INSTITUTIONS FINANCIAL INSTRUMENTS FINANCIAL PRODUCTS FINANCIAL RESOURCES FINANCIAL SECTOR FOREST FOREST CARBON FOREST CONSERVATION FORESTRY FORESTRY ACTIVITIES FORESTRY CARBON FORESTRY PROJECTS FOSSIL FUEL FRAMEWORK CONVENTION ON CLIMATE CHANGE FUEL SWITCH FUEL SWITCHING FUELS FUGITIVE EMISSIONS GENERATION CAPACITY GHG GLOBAL CARBON MARKET GLOBAL EMISSIONS GLOBAL ENVIRONMENT FACILITY GLOBAL WARMING GOLD GREENHOUSE GREENHOUSE GAS GREENHOUSE GASES HFCS HIGH UNEMPLOYMENT INCOME INDUSTRIAL GASES INTERNATIONAL CREDITS INTERNATIONAL EMISSIONS INTERNATIONAL FINANCE INTERNATIONAL OFFSETS INTERNATIONAL TRADING INVESTMENT DECISIONS IRON LAND MANAGEMENT LAND USE LAND USE CHANGE LAND-USE CHANGE LANDFILL LANDFILL GAS LIVING CONDITIONS LOW-CARBON LOWER PRICE MARGINAL ABATEMENT MARGINAL ABATEMENT COST MARGINAL ABATEMENT COSTS MARKET INSTRUMENTS MARKET MECHANISMS MARKET PENETRATION METHANE MITIGATION ACTIONS N2O NATURAL CAPITAL NATURAL RESOURCES OFFSET PRICE OIL PFCS PORTFOLIO POWER GENERATION POWER SECTOR PRESENT VALUE PRICE FLOOR PRICE SIGNAL PRICE VOLATILITY PURCHASE AGREEMENTS QUANTITATIVE ANALYSIS REDUCING EMISSIONS REGIONAL GREENHOUSE GAS INITIATIVE RENEWABLE ENERGY RENEWABLE ENERGY SOURCES RESILIENCE TO CLIMATE CHANGE RICE HUSK SCENARIOS SF6 SMOKE SOIL CARBON STRATEGIC RESERVE STREAMS SUSTAINABLE DEVELOPMENT TEMPERATURE TIMBER TRADE SYSTEM TRANSACTION COSTS TRANSACTIONS COSTS UNCERTAINTIES UNEP USE OF OFFSETS VERIFICATION OF EMISSION REDUCTIONS VERIFICATION PROCEDURES VOLUNTARY BASIS WASTE MANAGEMENT WATER POLLUTION WIND WIND POWER |
| spellingShingle |
ABATEMENT COSTS ABATEMENT POTENTIAL ACID ACID PRODUCTION ADAPTATION FUND AFFORESTATION AGGREGATE EMISSIONS AIR AIR QUALITY ALLOCATION ALLOWANCE AUCTION AUCTION REVENUES BASELINE EMISSION BASELINE EMISSION INTENSITY BASELINE METHODOLOGY BIODIVERSITY CONSERVATION BIOGAS BIOMASS BIOMASS ENERGY CAPACITY BUILDING CARBON CARBON ASSETS CARBON BENEFITS CARBON CREDITING CARBON CREDITS CARBON EXCHANGE CARBON FINANCE CARBON FINANCE OPPORTUNITIES CARBON FOOTPRINT CARBON FUND CARBON FUNDS CARBON IN SOILS CARBON INTENSITY CARBON INVESTMENT CARBON MARKET CARBON MARKETS CARBON OFFSET CARBON PRICE CARBON PROJECTS CARBON REVENUES CARBON SEQUESTRATION CARBON TAX CARBON TAXES CARBON TRADING CERTIFIED EMISSION REDUCTIONS CHEMICAL INDUSTRY CLEAN DEVELOPMENT CLEAN DEVELOPMENT MECHANISM CLEAN ENERGY CLEAN TECHNOLOGY CLEAN TECHNOLOGY FUND CLEANER TECHNOLOGIES CLIMATE CLIMATE ACTION CLIMATE CHANGE CLIMATE CHANGE MITIGATION CLIMATE POLICIES CLIMATE POLICY CO CO2 COAL COMPACT FLUORESCENT LAMPS COMPLIANCE COSTS COST EFFECTIVENESS COST OF ABATEMENT COST SAVINGS COSTS OF ABATEMENT DECISION MAKING DECREASE IN EMISSIONS DEFORESTATION DEMAND-SIDE MANAGEMENT DEVELOPED COUNTRIES DEVELOPING COUNTRIES DEVELOPMENT BANK DIFFUSION DOMESTIC ABATEMENT DOMESTIC EMISSIONS DOMESTIC MARKETS DROUGHT ECONOMIC ACTIVITY ECONOMIC GROWTH ECOSYSTEM EMISSION EMISSION ALLOWANCES EMISSION INTENSITY EMISSION REDUCTION EMISSION REDUCTION PURCHASE AGREEMENT EMISSION REDUCTION UNITS EMISSION REDUCTIONS EMISSION REPORTING EMISSION RIGHTS EMISSION TRAJECTORIES EMISSION-REDUCTION EMISSIONS EMISSIONS CAPS EMISSIONS FROM ENERGY PRODUCTION EMISSIONS FROM LAND USE EMISSIONS REDUCTIONS EMISSIONS STANDARDS EMISSIONS TARGETS ENERGY DEMAND ENERGY EFFICIENCY ENERGY EFFICIENCY MEASURES ENERGY EFFICIENCY STANDARDS ENERGY SECURITY ENVIRONMENTAL ENVIRONMENTAL BENEFITS ENVIRONMENTAL INTEGRITY ENVIRONMENTAL QUALITY EROSION CONTROL ESTIMATES OF CARBON EXCESS EMISSIONS EXCHANGE RATE FINANCIAL BARRIERS FINANCIAL CONSTRAINTS FINANCIAL FLOWS FINANCIAL INNOVATION FINANCIAL INSTITUTIONS FINANCIAL INSTRUMENTS FINANCIAL PRODUCTS FINANCIAL RESOURCES FINANCIAL SECTOR FOREST FOREST CARBON FOREST CONSERVATION FORESTRY FORESTRY ACTIVITIES FORESTRY CARBON FORESTRY PROJECTS FOSSIL FUEL FRAMEWORK CONVENTION ON CLIMATE CHANGE FUEL SWITCH FUEL SWITCHING FUELS FUGITIVE EMISSIONS GENERATION CAPACITY GHG GLOBAL CARBON MARKET GLOBAL EMISSIONS GLOBAL ENVIRONMENT FACILITY GLOBAL WARMING GOLD GREENHOUSE GREENHOUSE GAS GREENHOUSE GASES HFCS HIGH UNEMPLOYMENT INCOME INDUSTRIAL GASES INTERNATIONAL CREDITS INTERNATIONAL EMISSIONS INTERNATIONAL FINANCE INTERNATIONAL OFFSETS INTERNATIONAL TRADING INVESTMENT DECISIONS IRON LAND MANAGEMENT LAND USE LAND USE CHANGE LAND-USE CHANGE LANDFILL LANDFILL GAS LIVING CONDITIONS LOW-CARBON LOWER PRICE MARGINAL ABATEMENT MARGINAL ABATEMENT COST MARGINAL ABATEMENT COSTS MARKET INSTRUMENTS MARKET MECHANISMS MARKET PENETRATION METHANE MITIGATION ACTIONS N2O NATURAL CAPITAL NATURAL RESOURCES OFFSET PRICE OIL PFCS PORTFOLIO POWER GENERATION POWER SECTOR PRESENT VALUE PRICE FLOOR PRICE SIGNAL PRICE VOLATILITY PURCHASE AGREEMENTS QUANTITATIVE ANALYSIS REDUCING EMISSIONS REGIONAL GREENHOUSE GAS INITIATIVE RENEWABLE ENERGY RENEWABLE ENERGY SOURCES RESILIENCE TO CLIMATE CHANGE RICE HUSK SCENARIOS SF6 SMOKE SOIL CARBON STRATEGIC RESERVE STREAMS SUSTAINABLE DEVELOPMENT TEMPERATURE TIMBER TRADE SYSTEM TRANSACTION COSTS TRANSACTIONS COSTS UNCERTAINTIES UNEP USE OF OFFSETS VERIFICATION OF EMISSION REDUCTIONS VERIFICATION PROCEDURES VOLUNTARY BASIS WASTE MANAGEMENT WATER POLLUTION WIND WIND POWER Ambrosi, Philippe How to Keep Momentum Up in Carbon Markets? |
| description |
This note examines how to maximize the
benefits from the use of market instruments in support of
developing countries' low-emission development
priorities. First, it briefly surveys the current state and
trends of the carbon market, highlighting the main
achievements of carbon finance over its decade-long history.
Second, it reviews updated scenarios of the scale of future
carbon markets and associated financial flows, in light of
developments in climate negotiations and domestic markets.
Finally, it identifies the necessary steps to scale up
carbon market flows in future, on both the demand and supply
sides, including the reform of existing mechanisms, and
innovation to broaden the scope, scale and reach of carbon
markets. The most important determinant of carbon offset
market flows to developing countries is clearly the level of
international mitigation targets: the more ambitious the
targets the greater the scope for such flows. Developed
countries can also encourage flows by increasing
supplementary limits, which are the proportion of mitigation
targets that can be met by purchases from developing
countries. Finally, there remains a considerable need for
innovation, awareness-raising and capacity building in
public and private institutions in developing countries, to
increase their participation in the carbon market and build
and enabling environment for low-emission development. |
| format |
Working Paper |
| author |
Ambrosi, Philippe |
| author_facet |
Ambrosi, Philippe |
| author_sort |
Ambrosi, Philippe |
| title |
How to Keep Momentum Up in Carbon Markets? |
| title_short |
How to Keep Momentum Up in Carbon Markets? |
| title_full |
How to Keep Momentum Up in Carbon Markets? |
| title_fullStr |
How to Keep Momentum Up in Carbon Markets? |
| title_full_unstemmed |
How to Keep Momentum Up in Carbon Markets? |
| title_sort |
how to keep momentum up in carbon markets? |
| publisher |
World Bank, Washington, DC |
| publishDate |
2017 |
| url |
http://documents.worldbank.org/curated/en/964701468152687188/How-to-keep-momentum-up-in-carbon-markets http://hdl.handle.net/10986/27093 |
| _version_ |
1764463528881684480 |
| spelling |
okr-10986-270932021-04-23T14:04:40Z How to Keep Momentum Up in Carbon Markets? Ambrosi, Philippe ABATEMENT COSTS ABATEMENT POTENTIAL ACID ACID PRODUCTION ADAPTATION FUND AFFORESTATION AGGREGATE EMISSIONS AIR AIR QUALITY ALLOCATION ALLOWANCE AUCTION AUCTION REVENUES BASELINE EMISSION BASELINE EMISSION INTENSITY BASELINE METHODOLOGY BIODIVERSITY CONSERVATION BIOGAS BIOMASS BIOMASS ENERGY CAPACITY BUILDING CARBON CARBON ASSETS CARBON BENEFITS CARBON CREDITING CARBON CREDITS CARBON EXCHANGE CARBON FINANCE CARBON FINANCE OPPORTUNITIES CARBON FOOTPRINT CARBON FUND CARBON FUNDS CARBON IN SOILS CARBON INTENSITY CARBON INVESTMENT CARBON MARKET CARBON MARKETS CARBON OFFSET CARBON PRICE CARBON PROJECTS CARBON REVENUES CARBON SEQUESTRATION CARBON TAX CARBON TAXES CARBON TRADING CERTIFIED EMISSION REDUCTIONS CHEMICAL INDUSTRY CLEAN DEVELOPMENT CLEAN DEVELOPMENT MECHANISM CLEAN ENERGY CLEAN TECHNOLOGY CLEAN TECHNOLOGY FUND CLEANER TECHNOLOGIES CLIMATE CLIMATE ACTION CLIMATE CHANGE CLIMATE CHANGE MITIGATION CLIMATE POLICIES CLIMATE POLICY CO CO2 COAL COMPACT FLUORESCENT LAMPS COMPLIANCE COSTS COST EFFECTIVENESS COST OF ABATEMENT COST SAVINGS COSTS OF ABATEMENT DECISION MAKING DECREASE IN EMISSIONS DEFORESTATION DEMAND-SIDE MANAGEMENT DEVELOPED COUNTRIES DEVELOPING COUNTRIES DEVELOPMENT BANK DIFFUSION DOMESTIC ABATEMENT DOMESTIC EMISSIONS DOMESTIC MARKETS DROUGHT ECONOMIC ACTIVITY ECONOMIC GROWTH ECOSYSTEM EMISSION EMISSION ALLOWANCES EMISSION INTENSITY EMISSION REDUCTION EMISSION REDUCTION PURCHASE AGREEMENT EMISSION REDUCTION UNITS EMISSION REDUCTIONS EMISSION REPORTING EMISSION RIGHTS EMISSION TRAJECTORIES EMISSION-REDUCTION EMISSIONS EMISSIONS CAPS EMISSIONS FROM ENERGY PRODUCTION EMISSIONS FROM LAND USE EMISSIONS REDUCTIONS EMISSIONS STANDARDS EMISSIONS TARGETS ENERGY DEMAND ENERGY EFFICIENCY ENERGY EFFICIENCY MEASURES ENERGY EFFICIENCY STANDARDS ENERGY SECURITY ENVIRONMENTAL ENVIRONMENTAL BENEFITS ENVIRONMENTAL INTEGRITY ENVIRONMENTAL QUALITY EROSION CONTROL ESTIMATES OF CARBON EXCESS EMISSIONS EXCHANGE RATE FINANCIAL BARRIERS FINANCIAL CONSTRAINTS FINANCIAL FLOWS FINANCIAL INNOVATION FINANCIAL INSTITUTIONS FINANCIAL INSTRUMENTS FINANCIAL PRODUCTS FINANCIAL RESOURCES FINANCIAL SECTOR FOREST FOREST CARBON FOREST CONSERVATION FORESTRY FORESTRY ACTIVITIES FORESTRY CARBON FORESTRY PROJECTS FOSSIL FUEL FRAMEWORK CONVENTION ON CLIMATE CHANGE FUEL SWITCH FUEL SWITCHING FUELS FUGITIVE EMISSIONS GENERATION CAPACITY GHG GLOBAL CARBON MARKET GLOBAL EMISSIONS GLOBAL ENVIRONMENT FACILITY GLOBAL WARMING GOLD GREENHOUSE GREENHOUSE GAS GREENHOUSE GASES HFCS HIGH UNEMPLOYMENT INCOME INDUSTRIAL GASES INTERNATIONAL CREDITS INTERNATIONAL EMISSIONS INTERNATIONAL FINANCE INTERNATIONAL OFFSETS INTERNATIONAL TRADING INVESTMENT DECISIONS IRON LAND MANAGEMENT LAND USE LAND USE CHANGE LAND-USE CHANGE LANDFILL LANDFILL GAS LIVING CONDITIONS LOW-CARBON LOWER PRICE MARGINAL ABATEMENT MARGINAL ABATEMENT COST MARGINAL ABATEMENT COSTS MARKET INSTRUMENTS MARKET MECHANISMS MARKET PENETRATION METHANE MITIGATION ACTIONS N2O NATURAL CAPITAL NATURAL RESOURCES OFFSET PRICE OIL PFCS PORTFOLIO POWER GENERATION POWER SECTOR PRESENT VALUE PRICE FLOOR PRICE SIGNAL PRICE VOLATILITY PURCHASE AGREEMENTS QUANTITATIVE ANALYSIS REDUCING EMISSIONS REGIONAL GREENHOUSE GAS INITIATIVE RENEWABLE ENERGY RENEWABLE ENERGY SOURCES RESILIENCE TO CLIMATE CHANGE RICE HUSK SCENARIOS SF6 SMOKE SOIL CARBON STRATEGIC RESERVE STREAMS SUSTAINABLE DEVELOPMENT TEMPERATURE TIMBER TRADE SYSTEM TRANSACTION COSTS TRANSACTIONS COSTS UNCERTAINTIES UNEP USE OF OFFSETS VERIFICATION OF EMISSION REDUCTIONS VERIFICATION PROCEDURES VOLUNTARY BASIS WASTE MANAGEMENT WATER POLLUTION WIND WIND POWER This note examines how to maximize the benefits from the use of market instruments in support of developing countries' low-emission development priorities. First, it briefly surveys the current state and trends of the carbon market, highlighting the main achievements of carbon finance over its decade-long history. Second, it reviews updated scenarios of the scale of future carbon markets and associated financial flows, in light of developments in climate negotiations and domestic markets. Finally, it identifies the necessary steps to scale up carbon market flows in future, on both the demand and supply sides, including the reform of existing mechanisms, and innovation to broaden the scope, scale and reach of carbon markets. The most important determinant of carbon offset market flows to developing countries is clearly the level of international mitigation targets: the more ambitious the targets the greater the scope for such flows. Developed countries can also encourage flows by increasing supplementary limits, which are the proportion of mitigation targets that can be met by purchases from developing countries. Finally, there remains a considerable need for innovation, awareness-raising and capacity building in public and private institutions in developing countries, to increase their participation in the carbon market and build and enabling environment for low-emission development. 2017-06-13T19:03:13Z 2017-06-13T19:03:13Z 2011-10-31 Working Paper http://documents.worldbank.org/curated/en/964701468152687188/How-to-keep-momentum-up-in-carbon-markets http://hdl.handle.net/10986/27093 English 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 |