Publication:
The Potential for Climate Auctions as a Mechanism for NDC Implementation

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dc.contributor.authorWorld Bank Group
dc.contributor.authorVivid Economics
dc.date.accessioned2018-12-20T20:58:21Z
dc.date.available2018-12-20T20:58:21Z
dc.date.issued2018-12-10
dc.description.abstractClimate auctions are an innovative climate finance mechanism, with high potential to support nationally determined contribution (NDC) implementation and deepening through efficiently leveraging private investment. The World Bank has developed the climate auction model through the work of the Pilot Auction Facility for Methane and Climate Change Mitigation (PAF). The PAF delivered cost-effective methane and nitrous oxide abatement by offering publicly-funded price guarantees for future climate results to private sector companies that competed to buy the price guarantees via an auction. This report proposes that climate auctions may be an attractive option as part of a transition towards the greater use of market-based instruments to support NDC implementation and achieve more ambitious climate results. The report reviews the broader policy context and develops three implementation modalities through which climate auctions can support NDC implementation. The report also discusses when the model is valuable and appropriate, reviewing the overarching conditions for climate outcome opportunities to be suitable for the use of climate auctions.en
dc.identifierhttp://documents.worldbank.org/curated/en/578381544469838606/The-Potential-for-Climate-Auctions-as-a-Mechanism-for-NDC-Implementation
dc.identifier.doi10.1596/31058
dc.identifier.urihttps://hdl.handle.net/10986/31058
dc.languageEnglish
dc.publisherWorld Bank, Washington, DC
dc.rightsCC BY 3.0 IGO
dc.rights.holderWorld Bank
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/igo
dc.subjectCLIMATE CHANGE
dc.subjectCLIMATE AUCTIONS
dc.subjectCARBON POLICY
dc.subjectCARBON PRICING
dc.subjectCARBON TRADING
dc.subjectENVIRONMENTAL POLICY
dc.subjectGREENHOUSE GAS EMISSIONS
dc.subjectCLIMATE ACTION
dc.subjectPILOT AUCTION FACILITY
dc.titleThe Potential for Climate Auctions as a Mechanism for NDC Implementationen
dc.typeReporten
dc.typeRapportfr
dc.typeInformees
dspace.entity.typePublication
okr.crossref.titleThe Potential for Climate Auctions as a Mechanism for NDC Implementation
okr.date.disclosure2018-12-10
okr.doctypePublications & Research::Working Paper
okr.doctypePublications & Research
okr.docurlhttp://documents.worldbank.org/curated/en/578381544469838606/The-Potential-for-Climate-Auctions-as-a-Mechanism-for-NDC-Implementation
okr.guid578381544469838606
okr.identifier.doi10.1596/31058
okr.identifier.doihttps://doi.org/10.1596/31058
okr.identifier.externaldocumentum090224b0867668fd_1_0
okr.identifier.internaldocumentum30682128
okr.identifier.report132826
okr.importedtrueen
okr.language.supporteden
okr.pdfurlhttp://documents.worldbank.org/curated/en/578381544469838606/pdf/132826-WP-ClimateAuctionsPaperWeb.pdfen
okr.topicEnergy::Energy Conservation & Efficiency
okr.topicEnergy::Renewable Energy
okr.topicEnvironment::Carbon Policy and Trading
okr.topicEnvironment::Climate Change Mitigation and Green House Gases
okr.topicEnvironment::Environment and Energy Efficiency
okr.topicEnvironment::Environmental Economics & Policies
okr.unitGCC- Carbon Markets & Innovation (GCCMI)
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