10 Years of Experience in Carbon Finance : Insights from Working with the Kyoto Mechanisms
Under the Kyoto Protocol to the United Nations Framework Convention on Climate Change (UNFCCC), the industrialized countries adopted quantified emission reductions obligations. Marking the 10th anniversary of the establishment of the World Bank Pro...
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| Format: | Other Environmental Study |
| Language: | English |
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Washington, DC: World Bank
2012
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| Subjects: | |
| Online Access: | http://www-wds.worldbank.org/external/default/main?menuPK=64187510&pagePK=64193027&piPK=64187937&theSitePK=523679&menuPK=64187510&searchMenuPK=64187283&siteName=WDS&entityID=000333038_20100713020056 http://hdl.handle.net/10986/2873 |
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okr-10986-2873 |
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| recordtype |
oai_dc |
| repository_type |
Digital Repository |
| institution_category |
Foreign Institution |
| institution |
Digital Repositories |
| building |
World Bank Open Knowledge Repository |
| collection |
World Bank |
| language |
English |
| topic |
ABATEMENT ABATEMENT COST ACCOUNTABILITY AFFORESTATION ALLOWANCE ANTHROPOGENIC INTERFERENCE ATMOSPHERE ATMOSPHERIC CONCENTRATIONS AVERAGE PRICE BANK BASELINE EMISSIONS BASELINE METHODOLOGIES BASELINE METHODOLOGY BENEFITS BIOGAS BIOMASS BIOMASS ENERGY CALCULATION CAPACITY CAPITALIZATION CAPS CARBON CARBON ASSET CARBON ASSETS CARBON CAPTURE CARBON CREDITS CARBON DIOXIDE CARBON DIOXIDE EQUIVALENT CARBON FINANCE CARBON FINANCE ACTIVITIES CARBON FINANCE OPERATIONS CARBON FINANCE OPPORTUNITIES CARBON FUND CARBON FUNDS CARBON INVESTMENT CARBON MARKETS CARBON PAYMENTS CARBON PRICE CARBON REVENUES CARBON SEQUESTRATION CERTIFIED EMISSION REDUCTION CERTIFIED EMISSION REDUCTIONS CH4 CLEAN DEVELOPMENT CLEAN DEVELOPMENT MECHANISM CLIMATE CLIMATE ACTION CLIMATE CHANGE CLIMATE CHANGE MITIGATION CLIMATE CHANGE MITIGATION ACTIVITIES CLIMATE CHANGE NEGOTIATIONS CLIMATE EXCHANGE CLIMATE SYSTEM CO CO2 COAL COLORS COMMERCIAL LOANS COMPOSTING CRITERIA DEBT DEMAND DEVELOPED COUNTRIES DIFFUSION DIOXIDE CARBON DNA DOMESTIC EMISSIONS ECONOMIC CIRCUMSTANCES ECONOMIES ECONOMIES IN TRANSITION EFFICIENT LIGHTING ELECTRICITY EMISSION EMISSION BASELINE EMISSION CALCULATIONS EMISSION CAP EMISSION CREDIT EMISSION FACTOR EMISSION FACTORS EMISSION REDUCING EMISSION REDUCING PROJECTS EMISSION REDUCTION EMISSION REDUCTION UNIT EMISSION REDUCTION UNITS EMISSION REDUCTIONS EMISSION REDUCTIONS PURCHASE AGREEMENT EMISSION TARGETS EMISSIONS EMISSIONS FROM DEFORESTATION EMISSIONS OBLIGATIONS ENERGY ENERGY DEMAND ENERGY EFFICIENCY ENVIRONMENT ENVIRONMENTAL ENVIRONMENTAL BENEFITS ENVIRONMENTAL INTEGRITY ENVIRONMENTAL QUALITY ENVIRONMENTAL RISK ENVIRONMENTS EQUITY EXCHANGE RATE EXPECTATIONS FEASIBILITY FINANCIAL FLOWS FINANCIAL INSTRUMENTS FINANCIAL RETURNS FINANCIAL RISK FIXED COSTS FOREIGN EXCHANGE FOREST FOREST CARBON FOREST DEGRADATION FOREST MANAGEMENT FORESTRY FORESTRY PROJECTS FORESTRY SECTOR FRAMEWORK CONVENTION ON CLIMATE CHANGE GAS FLARING GAS RECOVERY GHG GHGS GLOBAL CARBON MARKET GLOBAL ENVIRONMENT FACILITY GLOBAL WARMING GLOBAL WARMING POTENTIAL GOVERNANCE GOVERNMENTS GREENHOUSE GREENHOUSE GAS GREENHOUSE GAS CONCENTRATIONS GREENHOUSE GAS EMISSION GREENHOUSE GAS EMISSION REDUCTIONS GREENHOUSE GAS INTENSITY GREENHOUSE GAS MITIGATION GWP HC IMPACTS OF CLIMATE CHANGE INCENTIVES INCOME INDUSTRIAL GASES INDUSTRY INFLATION INFRASTRUCTURE INTEREST INTERNATIONAL CLIMATE CHANGE REGIME INTERNATIONAL EMISSION TRADING INTERNATIONAL EMISSIONS INVESTMENT DECISIONS INVESTMENTS IPCC LAND LAND USE LAND USE CHANGE LANDFILL LANDFILL GAS LEAD LESS LEVELS OF EMISSIONS MARKET INSTRUMENTS METHANE METHANE EMISSIONS MITIGATING CLIMATE CHANGE MITIGATION ACTIONS MONTREAL PROTOCOL NATIONAL EMISSION NATURAL GAS NATURAL RESOURCES NITROUS OXIDE NO OFFSETS OPTIONS PE PERFLUOROCARBONS POLICIES POLICY PORTFOLIO POWER SECTOR PP PRESENT VALUE PRICE SIGNAL PRICES REDUCING EMISSIONS RENEWABLE ENERGY RESOURCE MANAGEMENT RESOURCES REVENUE SERVICES SF6 STRATEGIES STREAMS SUBSIDIARY SUBSIDIES SULFUR SULFUR HEXAFLUORIDE SUPPLY SUSTAINABLE DEVELOPMENT TAXES TECHNICAL ASSISTANCE TRANSACTION COSTS TRANSPORT TRANSPORT SECTOR UNCERTAINTIES UNEP VALIDATION PROCESS VALIDATION PROTOCOL VALIDATION REPORT VALIDATION STAGE VALUE VALUES VERIFICATION OF EMISSION REDUCTIONS VERIFICATION PROCEDURES WASTE MANAGEMENT WIND WIND POWER |
| spellingShingle |
ABATEMENT ABATEMENT COST ACCOUNTABILITY AFFORESTATION ALLOWANCE ANTHROPOGENIC INTERFERENCE ATMOSPHERE ATMOSPHERIC CONCENTRATIONS AVERAGE PRICE BANK BASELINE EMISSIONS BASELINE METHODOLOGIES BASELINE METHODOLOGY BENEFITS BIOGAS BIOMASS BIOMASS ENERGY CALCULATION CAPACITY CAPITALIZATION CAPS CARBON CARBON ASSET CARBON ASSETS CARBON CAPTURE CARBON CREDITS CARBON DIOXIDE CARBON DIOXIDE EQUIVALENT CARBON FINANCE CARBON FINANCE ACTIVITIES CARBON FINANCE OPERATIONS CARBON FINANCE OPPORTUNITIES CARBON FUND CARBON FUNDS CARBON INVESTMENT CARBON MARKETS CARBON PAYMENTS CARBON PRICE CARBON REVENUES CARBON SEQUESTRATION CERTIFIED EMISSION REDUCTION CERTIFIED EMISSION REDUCTIONS CH4 CLEAN DEVELOPMENT CLEAN DEVELOPMENT MECHANISM CLIMATE CLIMATE ACTION CLIMATE CHANGE CLIMATE CHANGE MITIGATION CLIMATE CHANGE MITIGATION ACTIVITIES CLIMATE CHANGE NEGOTIATIONS CLIMATE EXCHANGE CLIMATE SYSTEM CO CO2 COAL COLORS COMMERCIAL LOANS COMPOSTING CRITERIA DEBT DEMAND DEVELOPED COUNTRIES DIFFUSION DIOXIDE CARBON DNA DOMESTIC EMISSIONS ECONOMIC CIRCUMSTANCES ECONOMIES ECONOMIES IN TRANSITION EFFICIENT LIGHTING ELECTRICITY EMISSION EMISSION BASELINE EMISSION CALCULATIONS EMISSION CAP EMISSION CREDIT EMISSION FACTOR EMISSION FACTORS EMISSION REDUCING EMISSION REDUCING PROJECTS EMISSION REDUCTION EMISSION REDUCTION UNIT EMISSION REDUCTION UNITS EMISSION REDUCTIONS EMISSION REDUCTIONS PURCHASE AGREEMENT EMISSION TARGETS EMISSIONS EMISSIONS FROM DEFORESTATION EMISSIONS OBLIGATIONS ENERGY ENERGY DEMAND ENERGY EFFICIENCY ENVIRONMENT ENVIRONMENTAL ENVIRONMENTAL BENEFITS ENVIRONMENTAL INTEGRITY ENVIRONMENTAL QUALITY ENVIRONMENTAL RISK ENVIRONMENTS EQUITY EXCHANGE RATE EXPECTATIONS FEASIBILITY FINANCIAL FLOWS FINANCIAL INSTRUMENTS FINANCIAL RETURNS FINANCIAL RISK FIXED COSTS FOREIGN EXCHANGE FOREST FOREST CARBON FOREST DEGRADATION FOREST MANAGEMENT FORESTRY FORESTRY PROJECTS FORESTRY SECTOR FRAMEWORK CONVENTION ON CLIMATE CHANGE GAS FLARING GAS RECOVERY GHG GHGS GLOBAL CARBON MARKET GLOBAL ENVIRONMENT FACILITY GLOBAL WARMING GLOBAL WARMING POTENTIAL GOVERNANCE GOVERNMENTS GREENHOUSE GREENHOUSE GAS GREENHOUSE GAS CONCENTRATIONS GREENHOUSE GAS EMISSION GREENHOUSE GAS EMISSION REDUCTIONS GREENHOUSE GAS INTENSITY GREENHOUSE GAS MITIGATION GWP HC IMPACTS OF CLIMATE CHANGE INCENTIVES INCOME INDUSTRIAL GASES INDUSTRY INFLATION INFRASTRUCTURE INTEREST INTERNATIONAL CLIMATE CHANGE REGIME INTERNATIONAL EMISSION TRADING INTERNATIONAL EMISSIONS INVESTMENT DECISIONS INVESTMENTS IPCC LAND LAND USE LAND USE CHANGE LANDFILL LANDFILL GAS LEAD LESS LEVELS OF EMISSIONS MARKET INSTRUMENTS METHANE METHANE EMISSIONS MITIGATING CLIMATE CHANGE MITIGATION ACTIONS MONTREAL PROTOCOL NATIONAL EMISSION NATURAL GAS NATURAL RESOURCES NITROUS OXIDE NO OFFSETS OPTIONS PE PERFLUOROCARBONS POLICIES POLICY PORTFOLIO POWER SECTOR PP PRESENT VALUE PRICE SIGNAL PRICES REDUCING EMISSIONS RENEWABLE ENERGY RESOURCE MANAGEMENT RESOURCES REVENUE SERVICES SF6 STRATEGIES STREAMS SUBSIDIARY SUBSIDIES SULFUR SULFUR HEXAFLUORIDE SUPPLY SUSTAINABLE DEVELOPMENT TAXES TECHNICAL ASSISTANCE TRANSACTION COSTS TRANSPORT TRANSPORT SECTOR UNCERTAINTIES UNEP VALIDATION PROCESS VALIDATION PROTOCOL VALIDATION REPORT VALIDATION STAGE VALUE VALUES VERIFICATION OF EMISSION REDUCTIONS VERIFICATION PROCEDURES WASTE MANAGEMENT WIND WIND POWER World Bank 10 Years of Experience in Carbon Finance : Insights from Working with the Kyoto Mechanisms |
| description |
Under the Kyoto Protocol to the United
Nations Framework Convention on Climate Change (UNFCCC), the
industrialized countries adopted quantified emission
reductions obligations. Marking the 10th anniversary of the
establishment of the World Bank Prototype Carbon Fund (PCF)
the world's first global carbon fund, this report seeks
to take stock of the World Bank's experience of working
with the Kyoto Protocol's project-based mechanisms over
the past decade. The Clean Development Mechanism (CDM), as
the much larger system in terms of projects, emission
reductions and host countries, is the basis for much of the
report's discussion. Joint Implementation (JI) is also
discussed. Policy-makers and negotiators are working on
advancing the policy framework and the regulatory structures
to mitigate greenhouse gas (GHGs) at greater scale.
Furthering the use of market instruments should incorporate
the lessons of the past into future designs, making full use
of the experience and learning that has been gained. This
will mean building upon the successes of the current CDM and
JI regulatory frameworks, addressing weaknesses, and
abandoning what is not working. This publication seeks to
make a constructive contribution to this debate, in full
respect of the ongoing international climate change
negotiations, by providing insights and recommendations from
a practitioner's experience and perspective. |
| format |
Economic & Sector Work :: Other Environmental Study |
| author |
World Bank |
| author_facet |
World Bank |
| author_sort |
World Bank |
| title |
10 Years of Experience in Carbon
Finance : Insights from Working with the Kyoto Mechanisms |
| title_short |
10 Years of Experience in Carbon
Finance : Insights from Working with the Kyoto Mechanisms |
| title_full |
10 Years of Experience in Carbon
Finance : Insights from Working with the Kyoto Mechanisms |
| title_fullStr |
10 Years of Experience in Carbon
Finance : Insights from Working with the Kyoto Mechanisms |
| title_full_unstemmed |
10 Years of Experience in Carbon
Finance : Insights from Working with the Kyoto Mechanisms |
| title_sort |
10 years of experience in carbon
finance : insights from working with the kyoto mechanisms |
| publisher |
Washington, DC: World Bank |
| publishDate |
2012 |
| url |
http://www-wds.worldbank.org/external/default/main?menuPK=64187510&pagePK=64193027&piPK=64187937&theSitePK=523679&menuPK=64187510&searchMenuPK=64187283&siteName=WDS&entityID=000333038_20100713020056 http://hdl.handle.net/10986/2873 |
| _version_ |
1764386080915718144 |
| spelling |
okr-10986-28732021-04-23T14:02:05Z 10 Years of Experience in Carbon Finance : Insights from Working with the Kyoto Mechanisms World Bank ABATEMENT ABATEMENT COST ACCOUNTABILITY AFFORESTATION ALLOWANCE ANTHROPOGENIC INTERFERENCE ATMOSPHERE ATMOSPHERIC CONCENTRATIONS AVERAGE PRICE BANK BASELINE EMISSIONS BASELINE METHODOLOGIES BASELINE METHODOLOGY BENEFITS BIOGAS BIOMASS BIOMASS ENERGY CALCULATION CAPACITY CAPITALIZATION CAPS CARBON CARBON ASSET CARBON ASSETS CARBON CAPTURE CARBON CREDITS CARBON DIOXIDE CARBON DIOXIDE EQUIVALENT CARBON FINANCE CARBON FINANCE ACTIVITIES CARBON FINANCE OPERATIONS CARBON FINANCE OPPORTUNITIES CARBON FUND CARBON FUNDS CARBON INVESTMENT CARBON MARKETS CARBON PAYMENTS CARBON PRICE CARBON REVENUES CARBON SEQUESTRATION CERTIFIED EMISSION REDUCTION CERTIFIED EMISSION REDUCTIONS CH4 CLEAN DEVELOPMENT CLEAN DEVELOPMENT MECHANISM CLIMATE CLIMATE ACTION CLIMATE CHANGE CLIMATE CHANGE MITIGATION CLIMATE CHANGE MITIGATION ACTIVITIES CLIMATE CHANGE NEGOTIATIONS CLIMATE EXCHANGE CLIMATE SYSTEM CO CO2 COAL COLORS COMMERCIAL LOANS COMPOSTING CRITERIA DEBT DEMAND DEVELOPED COUNTRIES DIFFUSION DIOXIDE CARBON DNA DOMESTIC EMISSIONS ECONOMIC CIRCUMSTANCES ECONOMIES ECONOMIES IN TRANSITION EFFICIENT LIGHTING ELECTRICITY EMISSION EMISSION BASELINE EMISSION CALCULATIONS EMISSION CAP EMISSION CREDIT EMISSION FACTOR EMISSION FACTORS EMISSION REDUCING EMISSION REDUCING PROJECTS EMISSION REDUCTION EMISSION REDUCTION UNIT EMISSION REDUCTION UNITS EMISSION REDUCTIONS EMISSION REDUCTIONS PURCHASE AGREEMENT EMISSION TARGETS EMISSIONS EMISSIONS FROM DEFORESTATION EMISSIONS OBLIGATIONS ENERGY ENERGY DEMAND ENERGY EFFICIENCY ENVIRONMENT ENVIRONMENTAL ENVIRONMENTAL BENEFITS ENVIRONMENTAL INTEGRITY ENVIRONMENTAL QUALITY ENVIRONMENTAL RISK ENVIRONMENTS EQUITY EXCHANGE RATE EXPECTATIONS FEASIBILITY FINANCIAL FLOWS FINANCIAL INSTRUMENTS FINANCIAL RETURNS FINANCIAL RISK FIXED COSTS FOREIGN EXCHANGE FOREST FOREST CARBON FOREST DEGRADATION FOREST MANAGEMENT FORESTRY FORESTRY PROJECTS FORESTRY SECTOR FRAMEWORK CONVENTION ON CLIMATE CHANGE GAS FLARING GAS RECOVERY GHG GHGS GLOBAL CARBON MARKET GLOBAL ENVIRONMENT FACILITY GLOBAL WARMING GLOBAL WARMING POTENTIAL GOVERNANCE GOVERNMENTS GREENHOUSE GREENHOUSE GAS GREENHOUSE GAS CONCENTRATIONS GREENHOUSE GAS EMISSION GREENHOUSE GAS EMISSION REDUCTIONS GREENHOUSE GAS INTENSITY GREENHOUSE GAS MITIGATION GWP HC IMPACTS OF CLIMATE CHANGE INCENTIVES INCOME INDUSTRIAL GASES INDUSTRY INFLATION INFRASTRUCTURE INTEREST INTERNATIONAL CLIMATE CHANGE REGIME INTERNATIONAL EMISSION TRADING INTERNATIONAL EMISSIONS INVESTMENT DECISIONS INVESTMENTS IPCC LAND LAND USE LAND USE CHANGE LANDFILL LANDFILL GAS LEAD LESS LEVELS OF EMISSIONS MARKET INSTRUMENTS METHANE METHANE EMISSIONS MITIGATING CLIMATE CHANGE MITIGATION ACTIONS MONTREAL PROTOCOL NATIONAL EMISSION NATURAL GAS NATURAL RESOURCES NITROUS OXIDE NO OFFSETS OPTIONS PE PERFLUOROCARBONS POLICIES POLICY PORTFOLIO POWER SECTOR PP PRESENT VALUE PRICE SIGNAL PRICES REDUCING EMISSIONS RENEWABLE ENERGY RESOURCE MANAGEMENT RESOURCES REVENUE SERVICES SF6 STRATEGIES STREAMS SUBSIDIARY SUBSIDIES SULFUR SULFUR HEXAFLUORIDE SUPPLY SUSTAINABLE DEVELOPMENT TAXES TECHNICAL ASSISTANCE TRANSACTION COSTS TRANSPORT TRANSPORT SECTOR UNCERTAINTIES UNEP VALIDATION PROCESS VALIDATION PROTOCOL VALIDATION REPORT VALIDATION STAGE VALUE VALUES VERIFICATION OF EMISSION REDUCTIONS VERIFICATION PROCEDURES WASTE MANAGEMENT WIND WIND POWER Under the Kyoto Protocol to the United Nations Framework Convention on Climate Change (UNFCCC), the industrialized countries adopted quantified emission reductions obligations. Marking the 10th anniversary of the establishment of the World Bank Prototype Carbon Fund (PCF) the world's first global carbon fund, this report seeks to take stock of the World Bank's experience of working with the Kyoto Protocol's project-based mechanisms over the past decade. The Clean Development Mechanism (CDM), as the much larger system in terms of projects, emission reductions and host countries, is the basis for much of the report's discussion. Joint Implementation (JI) is also discussed. Policy-makers and negotiators are working on advancing the policy framework and the regulatory structures to mitigate greenhouse gas (GHGs) at greater scale. Furthering the use of market instruments should incorporate the lessons of the past into future designs, making full use of the experience and learning that has been gained. This will mean building upon the successes of the current CDM and JI regulatory frameworks, addressing weaknesses, and abandoning what is not working. This publication seeks to make a constructive contribution to this debate, in full respect of the ongoing international climate change negotiations, by providing insights and recommendations from a practitioner's experience and perspective. 2012-03-19T10:23:24Z 2012-03-19T10:23:24Z 2010-05-01 http://www-wds.worldbank.org/external/default/main?menuPK=64187510&pagePK=64193027&piPK=64187937&theSitePK=523679&menuPK=64187510&searchMenuPK=64187283&siteName=WDS&entityID=000333038_20100713020056 http://hdl.handle.net/10986/2873 English CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank Washington, DC: World Bank Economic & Sector Work :: Other Environmental Study |