Publication: State and Trends of the Carbon Market 2006 : A Focus on Africa

Thumbnail Image
Files in English
English PDF (351.93 KB)
303 downloads

English Text (68.94 KB)
182 downloads
Date
2006-11
ISSN
Published
2006-11
Author(s)
Capoor, Karan
Ambrosi, Philippe
Abstract
Many African countries have thin energy and industrial sectors with limited opportunities to reduce carbon emissions, certainly relative to countries such as China and India. Carbon sequestration from avoided deforestation and from agriculture--potentially important areas for climate mitigation and important in many African economies--has been systematically excluded from the Clean Development Mechanism (CDM). At the same time, CDM-eligible assets from afforestation and reforestation are excluded from entry into the large European Union-Emissions Trading Scheme (EU ETS), substantially limiting their market value and potential share in the multi-billion dollar global carbon market. The Africa share of the CDM market is lower than the share of African countries to developing nations in Foreign Direct Investment (FDI) over the past few years, which has been around 10 percent.
Link to Data Set
Citation
Capoor, Karan; Ambrosi, Philippe. 2006. State and Trends of the Carbon Market 2006 : A Focus on Africa. © World Bank, Washington, DC. http://hdl.handle.net/10986/13412 License: CC BY 3.0 IGO.
Report Series
Other publications in this report series
Journal
Journal Volume
Journal Issue
Associated URLs
Associated content
Citations