Will the Clean Development Mechanism Mobilize Anticipated Levels of Mitigation?
Under the Kyoto Protocol, developed countries can only tap mitigation opportunities in developing countries by investing in projects under the Clean Development Mechanism. Yet Clean Development Mechanism investments have so far failed to reach many...
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| Format: | Policy Research Working Paper |
| Language: | English |
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2012
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| 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=000158349_20100316150946 http://hdl.handle.net/10986/3726 |
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okr-10986-37262021-04-23T14:02:12Z Will the Clean Development Mechanism Mobilize Anticipated Levels of Mitigation? Rahman, Shaikh M. Dinar, Ariel Larson, Donald F. ABATEMENT ABATEMENT COST AFFORESTATION AIR APPROACH ATMOSPHERE BIOMASS BIOMASS ENERGY CAPS CARBON DIOXIDE CARBON DIOXIDE EQUIVALENT CARBON MARKETS CARBON PRICES CEMENT CEMENT PRODUCTION CERTIFIED EMISSION REDUCTION CERTIFIED EMISSION REDUCTIONS CLEAN DEVELOPMENT CLEAN DEVELOPMENT MECHANISM CLIMATE CLIMATE CHANGE CO2 COAL DIFFUSION ECONOMIC GROWTH ECONOMIC MODELS ELECTRIC POWER ELECTRIC POWER GENERATION ELECTRICITY EMISSION EMISSION LEVELS EMISSION REDUCTION EMISSION REDUCTION TARGETS EMISSION REDUCTION UNITS EMISSION-REDUCTION EMISSIONS REDUCTIONS ENERGY SUPPLY ENVIRONMENTAL BENEFITS ENVIRONMENTAL INTEGRITY FORESTRY FORESTS FOSSIL FOSSIL FUEL FOSSIL FUEL SWITCH GHG GREENHOUSE GREENHOUSE GAS GREENHOUSE GAS EMISSIONS GREENHOUSE GASES HFCS HOT AIR HYDROFLUOROCARBONS INNOVATIONS INVESTMENT STRATEGIES IPCC IRON LANDFILL LANDFILL GAS LEARNING LOW-CARBON MEDIA METHANE N2O OFFSET PROJECTS PFCS PIPELINE PIPELINE PROJECTS POLICY IMPLICATIONS POLICY MAKERS POWER GENERATION PROGRAMS SCENARIOS SF6 SUPPLY SIDE TECHNOLOGY TRANSFER TONS OF CARBON TOTAL EMISSION REDUCTIONS UNCERTAINTIES UNEP VERIFICATION PROCESS WIND Under the Kyoto Protocol, developed countries can only tap mitigation opportunities in developing countries by investing in projects under the Clean Development Mechanism. Yet Clean Development Mechanism investments have so far failed to reach many of the high-potential sectors identified by the Intergovernmental Panel on Climate Change. This raises doubts about whether the Clean Development Mechanism can generate an adequate supply of credits from the limited areas where it has proved successful. This paper examines the current trajectory of mitigation projects entering the Clean Development Mechanism pipeline and projects it forward under the assumption that the diffusion of the Clean Development Mechanism will follow a path similar to other innovations. Projections are then compared with pre-Clean Development Mechanism predictions of the mechanism s potential market size to discern whether limits on the types of projects entering the pipeline have limited the expected supply of certified emission reductions. Parameter tests suggest that this is not the case and that currently identified Clean Development Mechanism investments will generate offsets in excess of early model predictions. In particular, under favorable circumstances, the mechanism is on track to deliver an average annual flow of roughly 700 million certified emission reductions by the close of 2012 and nearly to 1,100 million certified emission reductions by 2020. 2012-03-19T18:38:43Z 2012-03-19T18:38:43Z 2010-03-01 http://www-wds.worldbank.org/external/default/main?menuPK=64187510&pagePK=64193027&piPK=64187937&theSitePK=523679&menuPK=64187510&searchMenuPK=64187283&siteName=WDS&entityID=000158349_20100316150946 http://hdl.handle.net/10986/3726 English Policy Research working paper ; no. WPS 5239 CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank Publications & Research :: Policy Research Working Paper The World Region The World Region |
| 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 AFFORESTATION AIR APPROACH ATMOSPHERE BIOMASS BIOMASS ENERGY CAPS CARBON DIOXIDE CARBON DIOXIDE EQUIVALENT CARBON MARKETS CARBON PRICES CEMENT CEMENT PRODUCTION CERTIFIED EMISSION REDUCTION CERTIFIED EMISSION REDUCTIONS CLEAN DEVELOPMENT CLEAN DEVELOPMENT MECHANISM CLIMATE CLIMATE CHANGE CO2 COAL DIFFUSION ECONOMIC GROWTH ECONOMIC MODELS ELECTRIC POWER ELECTRIC POWER GENERATION ELECTRICITY EMISSION EMISSION LEVELS EMISSION REDUCTION EMISSION REDUCTION TARGETS EMISSION REDUCTION UNITS EMISSION-REDUCTION EMISSIONS REDUCTIONS ENERGY SUPPLY ENVIRONMENTAL BENEFITS ENVIRONMENTAL INTEGRITY FORESTRY FORESTS FOSSIL FOSSIL FUEL FOSSIL FUEL SWITCH GHG GREENHOUSE GREENHOUSE GAS GREENHOUSE GAS EMISSIONS GREENHOUSE GASES HFCS HOT AIR HYDROFLUOROCARBONS INNOVATIONS INVESTMENT STRATEGIES IPCC IRON LANDFILL LANDFILL GAS LEARNING LOW-CARBON MEDIA METHANE N2O OFFSET PROJECTS PFCS PIPELINE PIPELINE PROJECTS POLICY IMPLICATIONS POLICY MAKERS POWER GENERATION PROGRAMS SCENARIOS SF6 SUPPLY SIDE TECHNOLOGY TRANSFER TONS OF CARBON TOTAL EMISSION REDUCTIONS UNCERTAINTIES UNEP VERIFICATION PROCESS WIND |
| spellingShingle |
ABATEMENT ABATEMENT COST AFFORESTATION AIR APPROACH ATMOSPHERE BIOMASS BIOMASS ENERGY CAPS CARBON DIOXIDE CARBON DIOXIDE EQUIVALENT CARBON MARKETS CARBON PRICES CEMENT CEMENT PRODUCTION CERTIFIED EMISSION REDUCTION CERTIFIED EMISSION REDUCTIONS CLEAN DEVELOPMENT CLEAN DEVELOPMENT MECHANISM CLIMATE CLIMATE CHANGE CO2 COAL DIFFUSION ECONOMIC GROWTH ECONOMIC MODELS ELECTRIC POWER ELECTRIC POWER GENERATION ELECTRICITY EMISSION EMISSION LEVELS EMISSION REDUCTION EMISSION REDUCTION TARGETS EMISSION REDUCTION UNITS EMISSION-REDUCTION EMISSIONS REDUCTIONS ENERGY SUPPLY ENVIRONMENTAL BENEFITS ENVIRONMENTAL INTEGRITY FORESTRY FORESTS FOSSIL FOSSIL FUEL FOSSIL FUEL SWITCH GHG GREENHOUSE GREENHOUSE GAS GREENHOUSE GAS EMISSIONS GREENHOUSE GASES HFCS HOT AIR HYDROFLUOROCARBONS INNOVATIONS INVESTMENT STRATEGIES IPCC IRON LANDFILL LANDFILL GAS LEARNING LOW-CARBON MEDIA METHANE N2O OFFSET PROJECTS PFCS PIPELINE PIPELINE PROJECTS POLICY IMPLICATIONS POLICY MAKERS POWER GENERATION PROGRAMS SCENARIOS SF6 SUPPLY SIDE TECHNOLOGY TRANSFER TONS OF CARBON TOTAL EMISSION REDUCTIONS UNCERTAINTIES UNEP VERIFICATION PROCESS WIND Rahman, Shaikh M. Dinar, Ariel Larson, Donald F. Will the Clean Development Mechanism Mobilize Anticipated Levels of Mitigation? |
| geographic_facet |
The World Region The World Region |
| relation |
Policy Research working paper ; no. WPS 5239 |
| description |
Under the Kyoto Protocol, developed
countries can only tap mitigation opportunities in
developing countries by investing in projects under the
Clean Development Mechanism. Yet Clean Development Mechanism
investments have so far failed to reach many of the
high-potential sectors identified by the Intergovernmental
Panel on Climate Change. This raises doubts about whether
the Clean Development Mechanism can generate an adequate
supply of credits from the limited areas where it has proved
successful. This paper examines the current trajectory of
mitigation projects entering the Clean Development Mechanism
pipeline and projects it forward under the assumption that
the diffusion of the Clean Development Mechanism will follow
a path similar to other innovations. Projections are then
compared with pre-Clean Development Mechanism predictions of
the mechanism s potential market size to discern whether
limits on the types of projects entering the pipeline have
limited the expected supply of certified emission
reductions. Parameter tests suggest that this is not the
case and that currently identified Clean Development
Mechanism investments will generate offsets in excess of
early model predictions. In particular, under favorable
circumstances, the mechanism is on track to deliver an
average annual flow of roughly 700 million certified
emission reductions by the close of 2012 and nearly to 1,100
million certified emission reductions by 2020. |
| format |
Publications & Research :: Policy Research Working Paper |
| author |
Rahman, Shaikh M. Dinar, Ariel Larson, Donald F. |
| author_facet |
Rahman, Shaikh M. Dinar, Ariel Larson, Donald F. |
| author_sort |
Rahman, Shaikh M. |
| title |
Will the Clean Development Mechanism Mobilize Anticipated Levels of Mitigation? |
| title_short |
Will the Clean Development Mechanism Mobilize Anticipated Levels of Mitigation? |
| title_full |
Will the Clean Development Mechanism Mobilize Anticipated Levels of Mitigation? |
| title_fullStr |
Will the Clean Development Mechanism Mobilize Anticipated Levels of Mitigation? |
| title_full_unstemmed |
Will the Clean Development Mechanism Mobilize Anticipated Levels of Mitigation? |
| title_sort |
will the clean development mechanism mobilize anticipated levels of mitigation? |
| 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=000158349_20100316150946 http://hdl.handle.net/10986/3726 |
| _version_ |
1764388020350353408 |