Publication:
Will Markets Direct Investments under the Kyoto Protocol?

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dc.contributor.authorBreustedt, Gunnar
dc.contributor.authorLarson, Donald F.
dc.date.accessioned2012-06-05T18:09:47Z
dc.date.available2012-06-05T18:09:47Z
dc.date.issued2007-02
dc.description.abstractUnder the Kyoto Protocol, countries can meet treaty obligations by investing in projects that reduce or sequester greenhouse gases elsewhere. Prior to ratification, treaty participants agreed to launch country-based pilot projects, referred to collectively as Activities Implemented Jointly (AIJ), to test novel aspects of the project-related provisions. Relying on a 10-year history of projects, the authors investigate the determinants of AIJ investment. Their findings suggest that national political objectives and possibly deeper cultural ties influenced project selection. This characterization differs from the market-based assumptions that underlie well-known estimates of cost-savings related to the Protocol's flexibility mechanisms. The authors conclude that if approaches developed under the AIJ programs to approve projects are retained, benefits from Kyoto's flexibility provisions will be less than those widely anticipated.en
dc.identifierhttp://documents.worldbank.org/curated/en/2007/02/7367692/markets-direct-investments-under-kyoto-protocol
dc.identifier.doi10.1596/1813-9450-4131
dc.identifier.urihttps://hdl.handle.net/10986/7143
dc.languageEnglish
dc.publisherWorld Bank, Washington, DC
dc.relation.ispartofseriesPolicy Research Working Paper; No. 4131
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.subjectAPPROACH
dc.subjectBIOLOGICAL DIVERSITY
dc.subjectCARBON
dc.subjectCARBON DIOXIDE
dc.subjectCARBON OFFSET
dc.subjectCARBON TAXES
dc.subjectCLEAN DEVELOPMENT MECHANISM
dc.subjectCLIMATE CHANGE
dc.subjectCOST ASSUMPTIONS
dc.subjectDEMOCRATIC INSTITUTIONS
dc.subjectDEVELOPED COUNTRIES
dc.subjectDEVELOPMENT ASSISTANCE
dc.subjectDISCOUNT RATE
dc.subjectECONOMICS
dc.subjectEMISSION
dc.subjectEMISSION LEVELS
dc.subjectEMISSION REDUCTION
dc.subjectEMISSION REDUCTIONS
dc.subjectEMISSIONS
dc.subjectENVIRONMENTAL
dc.subjectENVIRONMENTAL ISSUES
dc.subjectFOREIGN DIRECT INVESTMENT
dc.subjectFOREIGN INVESTMENT
dc.subjectFOSSIL
dc.subjectFOSSIL FUELS
dc.subjectGDP
dc.subjectGLOBAL EMISSIONS
dc.subjectGREENHOUSE EFFECT
dc.subjectGREENHOUSE GAS
dc.subjectGREENHOUSE GAS EMISSIONS
dc.subjectGREENHOUSE GASES
dc.subjectHEATING SYSTEMS
dc.subjectINCOME
dc.subjectINTERNATIONAL INVESTORS
dc.subjectINVESTMENT ACTIVITY
dc.subjectINVESTMENT CHOICES
dc.subjectINVESTMENT CLIMATE
dc.subjectINVESTMENT DECISIONS
dc.subjectINVESTMENT FLOWS
dc.subjectINVESTMENT OPPORTUNITIES
dc.subjectINVESTMENT PROJECTS
dc.subjectINVESTOR COUNTRIES
dc.subjectJOINT IMPLEMENTATION
dc.subjectMARGINAL COST
dc.subjectOPTION VALUE
dc.subjectOZONE LAYER
dc.subjectPER CAPITA INCOME
dc.subjectPILOT PROJECTS
dc.subjectPOLLUTION
dc.subjectPORTFOLIO
dc.subjectPRESENT VALUE
dc.subjectPRIVATE INVESTMENT
dc.subjectPROFITABILITY
dc.subjectPUBLIC FUNDS
dc.subjectQUOTAS
dc.subjectREDUCING EMISSIONS
dc.subjectSAVINGS
dc.subjectSTREAMS
dc.subjectTONS OF CARBON
dc.subjectTRADABLE PERMIT
dc.subjectTRADABLE PERMIT MARKETS
dc.subjectTRANSACTION COSTS
dc.subjectTRANSITION ECONOMIES
dc.subjectVALUATION
dc.titleWill Markets Direct Investments under the Kyoto Protocol?en
dspace.entity.typePublication
okr.crossref.titleWill Markets Direct Investments Under The Kyoto Protocol ?
okr.date.doiregistration2025-04-10T10:25:10.754179Z
okr.doctypePublications & Research::Policy Research Working Paper
okr.doctypePublications & Research
okr.docurlhttp://documents.worldbank.org/curated/en/2007/02/7367692/markets-direct-investments-under-kyoto-protocol
okr.globalpracticeMacroeconomics and Fiscal Management
okr.globalpracticeEnvironment and Natural Resources
okr.globalpracticeFinance and Markets
okr.globalpracticeEnergy and Extractives
okr.guid861511468136815971
okr.identifier.doi10.1596/1813-9450-4131
okr.identifier.externaldocumentum000016406_20070205094328
okr.identifier.internaldocumentum7367692
okr.identifier.reportWPS4131
okr.language.supporteden
okr.pdfurlhttp://www-wds.worldbank.org/external/default/WDSContentServer/WDSP/IB/2007/02/05/000016406_20070205094328/Rendered/PDF/wps4131.pdfen
okr.topicFinance and Financial Sector Development::Non Bank Financial Institutions
okr.topicEconomic Theory and Research
okr.topicMacroeconomics and Economic Growth::Investment and Investment Climate
okr.topicEnvironmental Economics and Policies
okr.topicEnergy::Energy Production and Transportation
okr.topicEnvironment
okr.unitDevelopment Research Group (DECRG)
okr.volume1 of 1
relation.isAuthorOfPublicationccfad8dc-1a1e-50df-9b84-ea4470d50b39
relation.isAuthorOfPublication.latestForDiscoveryccfad8dc-1a1e-50df-9b84-ea4470d50b39
relation.isSeriesOfPublication26e071dc-b0bf-409c-b982-df2970295c87
relation.isSeriesOfPublication.latestForDiscovery26e071dc-b0bf-409c-b982-df2970295c87
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