Publication:
State and Trends of the Carbon Market—2004

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dc.contributor.authorLecocq, Franck
dc.date.accessioned2012-06-07T20:10:06Z
dc.date.available2012-06-07T20:10:06Z
dc.date.issued2005
dc.description.abstractThis study describes the status of the emerging carbon market, as of May 2004. The carbon market encompasses trades of greenhouse gas (GHG) emission allowances (under the European Union (EU) Emissions Trading Scheme), and project-based transactions, whereby a buyer participates in the financing of a project that reduces GHG emissions, compared with what would have happened otherwise, and gets emission reduction credits in exchange (for example, Clean Development Mechanism, or Joint Implementation projects under the Kyoto Protocol). The study finds that the carbon market is growing steadily. A total of 64 million metric tons of carbon dioxide equivalent (tCO2e) has been exchanged through projects from January to May 2004, nearly as much as during the whole year 2003 (78 million). Furthermore, the demand for emission reductions remains heavily concentrated, with a few EU governments, and Japanese firms the largest buyers. Finally, Asia is now the largest supplier of emission reductions, followed by Latin America, developed economies, and Eastern Europe. Prices of project-based emission reductions in early 2004 have remained essentially stable compared with 2003. In the absence of a standard contract, these prices strongly depend on the structure of the transaction, notably risk-sharing between buyers and sellers.en
dc.identifierhttp://documents.worldbank.org/curated/en/2005/04/6430316/state-trends-carbon-market-2004
dc.identifier.doi10.1596/0-8213-6117-1
dc.identifier.isbn978-0-8213-6117-7
dc.identifier.urihttps://hdl.handle.net/10986/7457
dc.languageEnglish
dc.language.isoen_US
dc.relation.ispartofseriesWorld Bank Working Paper No. 44
dc.rightsCC BY 3.0 IGO
dc.rights.holderWorld Bank
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/igo
dc.subjectABATEMENT
dc.subjectABATEMENT COSTS
dc.subjectALLOWANCE MARKETS
dc.subjectALLOWANCE TRADING
dc.subjectATMOSPHERE
dc.subjectCARBON
dc.subjectCARBON DIOXIDE
dc.subjectCARBON DIOXIDE EQUIVALENT
dc.subjectCARBON EMISSIONS
dc.subjectCARBON FINANCE
dc.subjectCARBON FINANCE BUSINESS
dc.subjectCARBON FUND
dc.subjectCARBON FUNDS
dc.subjectCARBON MARKET
dc.subjectCARBON PAYMENTS
dc.subjectCARBON PRICES
dc.subjectCARBON PURCHASES
dc.subjectCARBON TRADES
dc.subjectCARBON TRANSACTIONS
dc.subjectCLEAN DEVELOPMENT
dc.subjectCLEAN DEVELOPMENT MECHANISM
dc.subjectCLEAN TECHNOLOGIES
dc.subjectCLIMATE CHANGE
dc.subjectCLIMATE EXCHANGE
dc.subjectCLIMATE TRUST
dc.subjectCOAL
dc.subjectCOMMODITY MODEL
dc.subjectCURRENT PRICES
dc.subjectCYCLE PLANT
dc.subjectDEBT
dc.subjectDIESEL
dc.subjectDIESEL GENERATORS
dc.subjectDIRECT INVESTMENT
dc.subjectDISBURSEMENT SCHEDULE
dc.subjectDOMESTIC EMISSIONS
dc.subjectDOMESTIC POLICIES
dc.subjectECONOMIES IN TRANSITION
dc.subjectEMISSION
dc.subjectEMISSION REDUCTION
dc.subjectEMISSION REDUCTION ACTIVITIES
dc.subjectEMISSION REDUCTION PROJECT
dc.subjectEMISSION REDUCTION TRANSACTIONS
dc.subjectEMISSION REDUCTIONS
dc.subjectEMISSION TARGETS
dc.subjectEMISSION TRADING
dc.subjectEMISSION TRADING SCHEMES
dc.subjectEMISSIONS
dc.subjectEMISSIONS ALLOWANCES
dc.subjectEMISSIONS QUOTAS
dc.subjectEMISSIONS REDUCTIONS
dc.subjectENERGY EFFICIENCY
dc.subjectENVIRONMENTAL STANDPOINT
dc.subjectEXCESS EMISSIONS
dc.subjectFINANCIAL STRUCTURE
dc.subjectFUEL
dc.subjectFUEL EFFICIENCY
dc.subjectFUEL SWITCHING
dc.subjectGAS CAPTURE
dc.subjectGAS MARKET
dc.subjectGAS PROJECT
dc.subjectGLOBAL ENVIRONMENTAL FACILITY
dc.subjectGLOBAL WARMING
dc.subjectGREENHOUSE
dc.subjectGREENHOUSE GAS
dc.subjectGREENHOUSE GAS EMISSIONS
dc.subjectGREENHOUSE GASES
dc.subjectLANDFILL
dc.subjectLANDFILL GAS
dc.subjectLANDFILL-GAS
dc.subjectLAWS
dc.subjectLEGAL STATUS
dc.subjectLEGISLATION
dc.subjectMARKET VALUE
dc.subjectMEMBER STATES
dc.subjectMETHANE
dc.subjectMETHANE CAPTURE
dc.subjectNATIONAL LEVEL
dc.subjectPENALTIES
dc.subjectPOINT OF VIEW
dc.subjectPOINT SOURCES
dc.subjectPOWER GENERATION
dc.subjectSUB-SAHARAN AFRICA
dc.subjectSUBSIDIARY
dc.subjectTRANSACTION COSTS
dc.subjectTRANSITION ECONOMIES
dc.subjectUTILITIES
dc.subjectVOLUNTARY COMMITMENTS
dc.subjectVOLUNTARY EMISSIONS
dc.subjectWASTE
dc.subjectWIND
dc.titleState and Trends of the Carbon Market—2004en
dspace.entity.typePublication
okr.crosscuttingsolutionareaClimate Change
okr.date.disclosure2010-04-20
okr.doctypePublications & Research::Publication
okr.docurlhttp://documents.worldbank.org/curated/en/2005/04/6430316/state-trends-carbon-market-2004
okr.globalpracticeTransport and ICT
okr.globalpracticeEnvironment and Natural Resources
okr.globalpracticeFinance and Markets
okr.globalpracticeEnergy and Extractives
okr.guid311911468322451720
okr.identifier.doi10.1596/0-8213-6117-1
okr.identifier.externaldocumentum000012009_20051122110204
okr.identifier.internaldocumentum6430316
okr.identifier.report34388
okr.language.supporteden
okr.pdfurlhttp://www-wds.worldbank.org/external/default/WDSContentServer/WDSP/IB/2005/11/22/000012009_20051122110204/Rendered/PDF/343880PAPER0Ca101OFFICIAL0USE0ONLY1.pdfen
okr.topicEnvironment::Environmental Governance
okr.topicBanks and Banking Reform
okr.topicEnergy::Energy and Environment
okr.topicEnvironment::Carbon Policy and Trading
okr.topicTransport and Environment
okr.topicFinance and Financial Sector Development
okr.topicTransport
okr.unitCarbon Finance (ENVCF)
okr.volume1 of 1
relation.isSeriesOfPublication3e126efc-de2f-4a95-be5b-bd2e430a4843
relation.isSeriesOfPublication.latestForDiscovery3e126efc-de2f-4a95-be5b-bd2e430a4843
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