Publication:
Defining Results-Based Climate Finance, Voluntary Carbon Markets and Compliance Carbon Markets

dc.contributor.authorWorld Bank
dc.date.accessioned2022-11-03T16:44:35Z
dc.date.available2022-11-03T16:44:35Z
dc.date.issued2022
dc.description.abstractUnder the Kyoto Protocol, compliance carbon markets (CCM) were primarily in the form of the Clean Development Mechanism (CDM) and Joint Implementation (JI). In 2015, the Paris Agreement introduced a new bottom-up approach to address climate change. Under the Paris Agreement, Parties set non-binding climate targets through their nationally determined contributions (NDCs). Article 6 of the Paris Agreement recognizes cooperation among countries for achieving their NDCs and raising climate ambition. This provides the basis for international CCM, where countries can trade emission reduction (“carbon”) credits with each other. Article 9 of the Paris Agreement stipulates that developed countries shall provide resources to developing countries for climate mitigation and adaptation. Developed countries would also take the lead in mobilizing climate finance from a variety of sources that represents a progression beyond previous efforts. The objective of this information paper is to outline three avenues for monetizing climate results – results-based climate finance (RBCF), voluntary carbon markets (VCM), and CCM. The paper is intended to describe activities by non-state or private sector actors in these mechanisms, and how their participation can facilitate the achievement of climate benefits in a cost-effective manner.en
dc.identifierhttp://documents.worldbank.org/curated/en/099702210312220541/IDU05663a9340992d041090ab8802ff29b3efff4
dc.identifier.urihttps://hdl.handle.net/10986/38258
dc.languageEnglish
dc.language.isoen
dc.publisherWashington, DC
dc.rightsCC BY 3.0 IGO
dc.rights.holderWorld Bank
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/igo
dc.subjectEMISSION REDUCTION PAYMENTS
dc.subjectCOMPLIANCE CARBON MARKETS
dc.subjectVOLUNTARY CARBON MARKETS
dc.subjectRESULTS-BASED CLIMATE FINANCE
dc.subjectCLIMATE CHANGE MITIGATION
dc.subjectACTIVITY-BASED CLIMATE FINANCE (ABCF)
dc.subjectNATIONALLY DETERMINED CONTRIBUTION (NDC)
dc.titleDefining Results-Based Climate Finance, Voluntary Carbon Markets and Compliance Carbon Marketsen
dc.typeBriefen
dc.typeFichefr
dc.typeResumenes
dspace.entity.typePublication
okr.date.disclosure2022-10-31
okr.date.lastmodified2022-11-03T00:00:00Zen
okr.doctypeKnowledge Notes::Miscellaneous Knowledge Notes
okr.docurlhttp://documents.worldbank.org/curated/en/099702210312220541/IDU05663a9340992d041090ab8802ff29b3efff4
okr.guid099702210312220541
okr.identifier.externaldocumentumIDU-5663a934-992d-4109-ab88-2ff29b3efff4
okr.identifier.internaldocumentum33928929
okr.identifier.report177477
okr.importedtrueen
okr.language.supporteden
okr.pdfurlhttp://documents.worldbank.org/curated/en/099702210312220541/pdf/IDU05663a9340992d041090ab8802ff29b3efff4.pdfen
okr.topicEnvironment::Adaptation to Climate Change
okr.topicEnvironment::Carbon Policy and Trading
okr.topicEnvironment::Climate Change Mitigation and Green House Gases
okr.topicMacroeconomics and Economic Growth::Climate Change Economics
okr.unitClimate Change Carbon Markets an (SCCMI)
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