Simulating Carbon Markets
Carbon market simulations are programs, models, virtual environments, and/or games that allow stakeholders to participate in a simulated process of designing or participating in an ETS. They are a low-cost and low-risk option of building capacity f...
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| Format: | Brief |
| Language: | English |
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World Bank, Washington, DC
2020
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| Online Access: | http://documents.worldbank.org/curated/en/282281588605775075/Simulating-Carbon-Markets http://hdl.handle.net/10986/33687 |
| Summary: | Carbon market simulations are programs,
models, virtual environments, and/or games that allow
stakeholders to participate in a simulated process of
designing or participating in an ETS. They are a low-cost
and low-risk option of building capacity for both
policymakers and regulated companies. The experiential
learning processes these tools enable serves to increase ETS
literacy, helps build support for ETS as a policy option,
and illustrates how policy outcomes are a function of
design. Importantly, ETS simulations can provide an
opportunity for different stakeholdersto build
relationships, mutual understanding and trust, all of which
are key prerequisites for working together on policy design
and implementation. Finally, these tools provide
stakeholders with a safe and risk-free opportunity to try
out new ideas, make mistakes, and to learn lessons which can
serve to speed the adoption of effective ETSs. |
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