Carbon Markets, Institutions, Policies, and Research

dc.creatorAmbrosi, Philippe
dc.creatorLarson, Donald F.
dc.creatorDinar, Ariel
dc.creatorRahman, Shaikh Mahfuzur
dc.creatorEntler, Rebecca
dc.date2012-06-01T18:19:33Z
dc.date2012-06-01T18:19:33Z
dc.date2008-10
dc.date.accessioned2026-07-01T01:17:47Z
dc.descriptionThe scale of investment needed to slow greenhouse gas emissions is larger than governments can manage through transfers. Therefore, climate change policies rely heavily on markets and private capital. This is especially true in the case of the Kyoto Protocol with its provisions for trade and investment in joint projects. This paper describes institutions and policies important for new carbon markets and explains their origins. Research efforts that explore conceptual aspects of current policy are surveyed along with empirical studies that make predictions about how carbon markets will work and perform. The authors summarize early investment and price outcomes from newly formed markets and point out areas where markets have preformed as predicted and areas where markets remain incomplete. Overall the scale of carbon-market investment planned exceeds earlier expectations, but the geographic dispersion of investment is uneven and important opportunities for abatement remain untapped in some sectors, indicating a need for additional research on how investment markets work. How best to promote the development and deployment of new technologies is another promising area for study identified in the paper.
dc.formatapplication/pdf
dc.formattext/plain
dc.identifierhttp://documents.worldbank.org/curated/en/2008/10/9972039/carbon-markets-institutions-policies-research
dc.identifierhttps://hdl.handle.net/10986/6895
dc.identifierhttps://doi.org/10.1596/1813-9450-4761
dc.identifier.urihttp://hdl.handle.net/123456789/416818
dc.languageEnglish
dc.publisherWorld Bank, Washington, DC
dc.relationPolicy Research Working Paper; No. 4761
dc.rightsCC BY 3.0 IGO
dc.rightshttp://creativecommons.org/licenses/by/3.0/igo/
dc.rightsWorld Bank
dc.subjectABATEMENT COSTS
dc.subjectADAPTATION FUND
dc.subjectADVERSE EFFECTS
dc.subjectAFFORESTATION
dc.subjectAGGREGATE SUPPLY
dc.subjectAIR POLLUTION
dc.subjectALTERNATIVE APPROACH
dc.subjectANCILLARY BENEFITS
dc.subjectANTHROPOGENIC GREENHOUSE GASES
dc.subjectANTHROPOGENIC INTERFERENCE
dc.subjectATMOSPHERE
dc.subjectATMOSPHERIC CARBON
dc.subjectATMOSPHERIC CARBON CONCENTRATIONS
dc.subjectATMOSPHERIC CARBON DIOXIDE
dc.subjectATMOSPHERIC CONCENTRATION
dc.subjectBIOLOGICAL DIVERSITY
dc.subjectCARBON
dc.subjectCARBON ACCUMULATION
dc.subjectCARBON DIOXIDE
dc.subjectCARBON EMISSION
dc.subjectCARBON EMISSIONS
dc.subjectCARBON EQUIVALENTS
dc.subjectCARBON FINANCING
dc.subjectCARBON INTENSITY
dc.subjectCARBON LEAKAGE
dc.subjectCARBON MARKET
dc.subjectCARBON MARKETS
dc.subjectCARBON OFFSET
dc.subjectCARBON PRICES
dc.subjectCARBON PROJECTS
dc.subjectCARBON SEQUESTRATION
dc.subjectCARBON STOCKS
dc.subjectCARBON TAX
dc.subjectCARBON TAXES
dc.subjectCARBON TECHNOLOGIES
dc.subjectCARBON TRADING
dc.subjectCARBON UNITS
dc.subjectCEMENT INDUSTRY
dc.subjectCERTIFIED EMISSIONS
dc.subjectCERTIFIED EMISSIONS REDUCTIONS
dc.subjectCERTIFIED PROJECT ACTIVITY
dc.subjectCERTIFIED REDUCTIONS
dc.subjectCLEAN AIR
dc.subjectCLEAN COAL
dc.subjectCLEAN DEVELOPMENT
dc.subjectCLEAN DEVELOPMENT MECHANISM
dc.subjectCLEAN DEVELOPMENT MECHANISMS
dc.subjectCLEAN ENERGY
dc.subjectCLEAN ENERGY TECHNOLOGIES
dc.subjectCLEAN TECHNOLOGY
dc.subjectCLEAN TECHNOLOGY FUND
dc.subjectCLIMATE
dc.subjectCLIMATE CHANGE
dc.subjectCLIMATE CHANGE CONVENTION
dc.subjectCLIMATE CHANGE LITERATURE
dc.subjectCLIMATE CHANGE POLICIES
dc.subjectCLIMATE CHANGE POLICY
dc.subjectCLIMATE CHANGE TREATY
dc.subjectCLIMATE MODELS
dc.subjectCLIMATE POLICY
dc.subjectCLIMATE SYSTEM
dc.subjectCO2
dc.subjectCO2 EMISSIONS
dc.subjectCOAL
dc.subjectCONFERENCE OF THE PARTIES
dc.subjectCONSUMPTION OF FOSSIL
dc.subjectCONVENTION ON BIOLOGICAL DIVERSITY
dc.subjectCOSTS OF COMPLIANCE
dc.subjectDEFORESTATION
dc.subjectDESERTIFICATION
dc.subjectDOMESTIC EMISSIONS
dc.subjectEARTH SUMMIT
dc.subjectECOSYSTEMS
dc.subjectEFFICIENT LIGHTING
dc.subjectELECTRICITY
dc.subjectELECTRICITY SECTOR
dc.subjectEMISSION
dc.subjectEMISSION ABATEMENT
dc.subjectEMISSION CEILINGS
dc.subjectEMISSION CONTROLS
dc.subjectEMISSION GOALS
dc.subjectEMISSION LEVELS
dc.subjectEMISSION LIMITATION
dc.subjectEMISSION LIMITS
dc.subjectEMISSION PERMITS
dc.subjectEMISSION REDUCTION
dc.subjectEMISSION REDUCTION GOALS
dc.subjectEMISSION REDUCTION UNITS
dc.subjectEMISSION TARGETS
dc.subjectEMISSION TRADING
dc.subjectENERGY EFFICIENCY
dc.subjectENERGY SYSTEMS
dc.subjectENVIRONMENTAL BENEFITS
dc.subjectFORESTRY
dc.subjectFORESTS
dc.subjectFOSSIL FUEL
dc.subjectFOSSIL FUELS
dc.subjectFRAMEWORK CONVENTION ON CLIMATE CHANGE
dc.subjectGAS PHASE
dc.subjectGASES
dc.subjectGASOLINE
dc.subjectGDP
dc.subjectGLOBAL EMISSIONS
dc.subjectGLOBAL ENVIRONMENT
dc.subjectGLOBAL ENVIRONMENT FACILITY
dc.subjectGLOBAL WARMING
dc.subjectGREENHOUSE
dc.subjectGREENHOUSE EFFECT
dc.subjectGREENHOUSE GAS
dc.subjectGREENHOUSE GAS EMISSION
dc.subjectGREENHOUSE GAS EMISSION REDUCTIONS
dc.subjectGREENHOUSE GAS EMISSIONS
dc.subjectGREENHOUSE GAS MITIGATION
dc.subjectGREENHOUSE GAS SINKS
dc.subjectGREENHOUSE GASES
dc.subjectGROUND BIOMASS
dc.subjectHOT AIR
dc.subjectHYDROFLUOROCARBONS
dc.subjectHYPOTHETICAL BASELINE
dc.subjectINCOME
dc.subjectINTERGOVERNMENTAL PANEL ON CLIMATE CHANGE
dc.subjectIPCC
dc.subjectIRREVERSIBLE INVESTMENTS
dc.subjectKYOTO PROTOCOL
dc.subjectLAND USE
dc.subjectLEVEL OF EMISSIONS
dc.subjectMARGINAL ABATEMENT
dc.subjectMARGINAL ABATEMENT COST
dc.subjectMETHANE
dc.subjectMORAL HAZARD
dc.subjectNATURAL RESOURCES
dc.subjectNEGOTIATIONS
dc.subjectNET EMISSIONS
dc.subjectNITROUS OXIDE
dc.subjectOCEANS
dc.subjectOIL
dc.subjectORGANIC CARBON
dc.subjectOZONE
dc.subjectOZONE LAYER
dc.subjectPERFLUOROCARBONS
dc.subjectPOLICY DECISIONS
dc.subjectPOLLUTANTS
dc.subjectPOLLUTION PROBLEMS
dc.subjectPROGRAMS
dc.subjectREFORESTATION
dc.subjectREGIONAL ELECTRICITY
dc.subjectREGIONAL ELECTRICITY MARKET
dc.subjectRENEWABLE ENERGY
dc.subjectRENEWABLE ENERGY TECHNOLOGIES
dc.subjectRESTRICTIONS
dc.subjectRISING SEA LEVELS
dc.subjectSEA LEVELS
dc.subjectSHADOW PRICE
dc.subjectSOIL
dc.subjectSOLAR POWER
dc.subjectSULFUR
dc.subjectSULFUR DIOXIDE
dc.subjectSULFUR DIOXIDE PERMIT
dc.subjectSULPHUR
dc.subjectSUSTAINABLE DEVELOPMENT
dc.subjectTRADABLE CARBON
dc.subjectTRADABLE PERMIT
dc.subjectTRADABLE PERMIT SYSTEM
dc.subjectTRADABLE PERMITS
dc.subjectTRANSACTION COSTS
dc.subjectVOLUNTARY EMISSION
dc.subjectWATER VAPOR
dc.subjectWELFARE LOSS
dc.subjectWELFARE LOSSES
dc.subjectWIND
dc.subjectWIND POWER
dc.subjectWMO
dc.subjectWORLD METEOROLOGICAL ORGANIZATION
dc.titleCarbon Markets, Institutions, Policies, and Research

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