Carbon Asset Development Process

Carbon Asset Development Process

The Paris Agreement provides a framework for all countries - both developed and developing - to voluntarily adopt individual targets, elaborated in their nationally determined contributions (NDCs). This effectively introduces commitments on the cou...

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Bibliographic Details
Main Author: World Bank
Format: Working Paper
Language:English
Published: World Bank, Washington, DC 2021
Subjects:
CLIMATE ACTION
CLIMATE CHANGE
CARBON POLICY
CARBON TRADING
EMISSIONS TRADING
Online Access:http://documents.worldbank.org/curated/undefined/612331629961823664/Carbon-Asset-Development-Process
http://hdl.handle.net/10986/36246
id okr-10986-36246
recordtype oai_dc
spelling okr-10986-362462021-09-10T05:10:42Z Carbon Asset Development Process World Bank CLIMATE ACTION CLIMATE CHANGE CARBON POLICY CARBON TRADING EMISSIONS TRADING The Paris Agreement provides a framework for all countries - both developed and developing - to voluntarily adopt individual targets, elaborated in their nationally determined contributions (NDCs). This effectively introduces commitments on the country in the sectors covered by their NDCs. Consequently, there is a need for countries to ensure that mitigation outcomes (MOs) and their international transfer are accompanied by robust accounting. Beyond international climate markets under Article 6, the International Civil Aviation Organization (ICAO) decided to establish a global market-based mechanism, in the form of the carbon offsetting and reduction scheme for international aviation (CORSIA), to help achieve ICAO’s global goal of carbon-neutral growth. This note seeks to identify processes for the generation and transfer of carbon assets in post-2020 international climate markets and to suggest standard terminology in the carbon asset development cycle across key independent standards. The note builds on existing practices among different independent standards to streamline and harmonize process flows and ensure that country governments have greater clarity on the process for engaging in climate markets. This note reflects inputs from the informal working group on carbon assets, pilot transactions under different initiatives, as well as knowledge produced in relevant platforms. 2021-09-09T15:05:22Z 2021-09-09T15:05:22Z 2021-08-26 Working Paper http://documents.worldbank.org/curated/undefined/612331629961823664/Carbon-Asset-Development-Process http://hdl.handle.net/10986/36246 English Article 6 Approach Paper Series;No. 3 CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank World Bank, Washington, DC Publications & Research Publications & Research :: Working Paper
repository_type Digital Repository
institution_category Foreign Institution
institution Digital Repositories
building World Bank Open Knowledge Repository
collection World Bank
language English
topic CLIMATE ACTION
CLIMATE CHANGE
CARBON POLICY
CARBON TRADING
EMISSIONS TRADING
spellingShingle CLIMATE ACTION
CLIMATE CHANGE
CARBON POLICY
CARBON TRADING
EMISSIONS TRADING
World Bank
Carbon Asset Development Process
relation Article 6 Approach Paper Series;No. 3
description The Paris Agreement provides a framework for all countries - both developed and developing - to voluntarily adopt individual targets, elaborated in their nationally determined contributions (NDCs). This effectively introduces commitments on the country in the sectors covered by their NDCs. Consequently, there is a need for countries to ensure that mitigation outcomes (MOs) and their international transfer are accompanied by robust accounting. Beyond international climate markets under Article 6, the International Civil Aviation Organization (ICAO) decided to establish a global market-based mechanism, in the form of the carbon offsetting and reduction scheme for international aviation (CORSIA), to help achieve ICAO’s global goal of carbon-neutral growth. This note seeks to identify processes for the generation and transfer of carbon assets in post-2020 international climate markets and to suggest standard terminology in the carbon asset development cycle across key independent standards. The note builds on existing practices among different independent standards to streamline and harmonize process flows and ensure that country governments have greater clarity on the process for engaging in climate markets. This note reflects inputs from the informal working group on carbon assets, pilot transactions under different initiatives, as well as knowledge produced in relevant platforms.
format Working Paper
author World Bank
author_facet World Bank
author_sort World Bank
title Carbon Asset Development Process
title_short Carbon Asset Development Process
title_full Carbon Asset Development Process
title_fullStr Carbon Asset Development Process
title_full_unstemmed Carbon Asset Development Process
title_sort carbon asset development process
publisher World Bank, Washington, DC
publishDate 2021
url http://documents.worldbank.org/curated/undefined/612331629961823664/Carbon-Asset-Development-Process
http://hdl.handle.net/10986/36246
_version_ 1764484857652576256

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