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Assessment of Net Mitigation in the Context of International Greenhouse Gas Emissions Control Mechanisms

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dc.contributor.authorStrand, Jon
dc.date.accessioned2016-04-26T15:26:18Z
dc.date.available2016-04-26T15:26:18Z
dc.date.issued2016-03
dc.description.abstractThis paper discusses the scope for market mechanisms, already established for greenhouse gas mitigation in Annex 1 countries that ratified the Kyoto Protocol, for implementing "net mitigation," defined here as mitigation beyond Annex 1 countries' formal mitigation requirements under the Kyoto Protocol. Such market mechanisms could be useful for establishing and extending greenhouse gas mitigation targets also under the Paris Agreement from December 2015. Net mitigation is considered in two possible forms: as a "net atmospheric benefit," or as an “own contribution” by offset host countries. A main conclusion is that a “net atmospheric benefit” is possible at least in the short run, best implemented via stricter baselines against which offsets are credited; but it can also take the form of offset discounting whereby offset buyers are credited fewer credits. The latter, although generally inefficient, can be a second-best response to certain imperfections in the offset market, which are discussed in the paper. There is less merit for claiming that "own contributions" can lead to additional mitigation under existing mechanisms.en
dc.identifierhttp://documents.worldbank.org/curated/en/2016/03/26050718/assessment-net-mitigation-context-international-greenhouse-gas-emissions-control-mechanisms
dc.identifier.doi10.1596/1813-9450-7594
dc.identifier.urihttps://hdl.handle.net/10986/24137
dc.languageEnglish
dc.language.isoen_US
dc.publisherWorld Bank, Washington, DC
dc.relation.ispartofseriesPolicy Research Working Paper;No. 7594
dc.rightsCC BY 3.0 IGO
dc.rights.holderWorld Bank
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/igo/
dc.subjectEMISSION ALLOWANCES
dc.subjectALLOWANCE
dc.subjectEMISSIONS REDUCTION
dc.subjectENVIRONMENTAL ECONOMICS
dc.subjectPOWER PLANTS
dc.subjectELECTRICITY SECTOR
dc.subjectENVIRONMENTAL PROTECTION
dc.subjectTEMPERATURE
dc.subjectFOSSIL FUELS
dc.subjectEMISSIONS GROWTH
dc.subjectPUBLIC ECONOMICS
dc.subjectEMISSIONS INTENSITY
dc.subjectOFFSET PRICE
dc.subjectGREENHOUSE GAS EMISSIONS
dc.subjectEMISSIONS LEVELS
dc.subjectEMISSIONS QUOTAS
dc.subjectINCOME
dc.subjectCARBON
dc.subjectMARGINAL COST
dc.subjectVARIABLE COST
dc.subjectDISCOUNT RATE
dc.subjectEMISSIONS
dc.subjectOFFSET PRICES
dc.subjectOFFSET PROJECTS
dc.subjectGLOBAL CARBON MARKET
dc.subjectINCENTIVES
dc.subjectEMISSION REDUCTION
dc.subjectGHGS
dc.subjectASYMMETRIC INFORMATION
dc.subjectENERGY SUBSIDIES
dc.subjectMODELS
dc.subjectGAS
dc.subjectGLOBAL GREENHOUSE GAS
dc.subjectEMISSION REDUCTION UNITS
dc.subjectEMISSIONS CONTROL
dc.subjectPRICE
dc.subjectECONOMIC ACTOR
dc.subjectEMISSION REDUCTIONS
dc.subjectAIR
dc.subjectGREENHOUSE GAS
dc.subjectCARBON LEAKAGE
dc.subjectECONOMIC ANALYSIS
dc.subjectEMISSIONS ABATEMENT
dc.subjectPOLICY RESPONSE
dc.subjectEMISSIONS CONSTRAINTS
dc.subjectCO2
dc.subjectGREENHOUSE GAS MITIGATION
dc.subjectALLOWANCE ALLOCATION
dc.subjectEFFICIENCY IMPROVEMENTS
dc.subjectOFFSET PROJECTS
dc.subjectCLIMATE POLICIES
dc.subjectFEASIBILITY
dc.subjectOFFSET PRICE
dc.subjectEMISSION LEVELS
dc.subjectGHG
dc.subjectPOLICY APPROACH
dc.subjectGLOBAL EMISSIONS REDUCTION
dc.subjectCLIMATE‐POLICY
dc.subjectCLIMATE POLICIES
dc.subjectFREE ALLOCATION
dc.subjectCONVENTION ON CLIMATE CHANGE
dc.subjectMARKETS
dc.subjectCARBON TAXES
dc.subjectEMISSIONS LEAKAGE
dc.subjectEMISSIONS PRICES
dc.subjectEMISSIONS MITIGATION
dc.subjectEMISSIONS REDUCTIONS
dc.subjectELECTRICITY SECTOR
dc.subjectCLIMATE CHANGE
dc.subjectGAS EMISSIONS
dc.subjectENVIRONMENTAL ECONOMICS
dc.subjectFOSSIL‐FUEL
dc.subjectCAPS
dc.subjectENERGY POLICY
dc.subjectFUELS
dc.subjectCARBON FINANCE
dc.subjectGREENHOUSE GAS CONTROL
dc.subjectEMISSIONS REDUCTION
dc.subjectFINANCE
dc.subjectGREENHOUSE GASES
dc.subjectCAP‐AND‐TRADE POLICY
dc.subjectET
dc.subjectCARBON EMISSIONS
dc.subjectEMISSIONS REDUCTIONS
dc.subjectNATIONAL EMISSIONS
dc.subjectFREE‐ALLOCATION
dc.subjectEMISSIONS BASELINE
dc.subjectGREENHOUSE
dc.subjectEMISSION
dc.subjectCONSUMPTION
dc.subjectCLIMATE CHANGE ECONOMICS
dc.subjectLEAD
dc.subjectPOLICIES
dc.subjectCLIMATE‐ POLICY
dc.subjectCLIMATE CHANGE
dc.subjectECONOMIC BEHAVIOR
dc.subjectCARBON CREDITS
dc.subjectPOLICY MAKERS
dc.subjectCARBON TAX
dc.subjectRESOURCE ECONOMICS
dc.subjectELECTRICITY
dc.subjectEMISSIONS POLICY
dc.subjectDISCOUNT RATES
dc.subjectEMISSIONS CAPS
dc.subjectCLIMATE
dc.subjectDEMAND
dc.subjectFORESTS
dc.subjectABATEMENT
dc.subjectLOWER PRICE
dc.subjectGLOBAL EMISSION
dc.subjectHFC‐23
dc.subjectCAP‐AND‐TRADE POLICY
dc.subjectFOSSIL FUEL
dc.subjectHISTORICAL EMISSIONS
dc.subjectOFFSETS DISCOUNTING
dc.subjectCATALYSTS
dc.subjectDOMESTIC EMISSIONS
dc.subjectGLOBAL EMISSIONS
dc.subjectEMISSIONS ALLOCATIONS
dc.subjectMARKET
dc.subjectBASELINE” EMISSIONS
dc.subjectECONOMIC THEORY
dc.subjectPOLICY
dc.subjectCERTIFIED EMISSIONS REDUCTIONS
dc.subjectENERGY PRODUCTION
dc.subjectALLOWANCES
dc.subjectENERGY EFFICIENCY
dc.subjectDISCOUNT RATES
dc.subjectPURCHASES OF OFFSETS
dc.subjectEMISSIONS‐MITIGATION
dc.subjectCLIMATE CHANGE ECONOMICS
dc.subjectEMISSIONS TAXES
dc.subjectENERGY EFFICIENCY
dc.subjectEMISSIONS TARGETS
dc.subjectLOWER PRICES
dc.subjectCOAL
dc.subjectALLOCATION
dc.subjectENERGY ECONOMICS
dc.subjectSUPPLY
dc.subjectPUBLIC ECONOMICS
dc.subjectCARBON MARKET
dc.subjectENERGY ECONOMICS
dc.subjectINTERNATIONAL GREENHOUSE GAS
dc.subjectINVESTMENTS
dc.subjectENVIRONMENTAL PROTECTION
dc.subjectPRICE OF OFFSETS
dc.subjectCLIMATE POLICY
dc.subjectOFFSETS
dc.subjectCLIMATE POLICY
dc.subjectECOLOGICAL ECONOMICS
dc.subjectRENEWABLE ENERGY
dc.subjectINTERNATIONAL OFFSETS
dc.subjectGASES
dc.subjectCARBON TAX
dc.subjectFRAMEWORK CONVENTION ON CLIMATE CHANGE
dc.subjectPRICES
dc.subjectNEGATIVE IMPACTS
dc.subjectBENEFITS
dc.subjectINTERNATIONAL GREENHOUSE GAS
dc.subjectENERGY
dc.titleAssessment of Net Mitigation in the Context of International Greenhouse Gas Emissions Control Mechanismsen
dc.typeWorking Paperen
dc.typeDocument de travailfr
dc.typeDocumento de trabajoes
dspace.entity.typePublication
okr.crossref.titleAssessment of Net Mitigation in the Context of International Greenhouse Gas Emissions Control Mechanisms
okr.date.disclosure2016-03-10
okr.doctypePublications & Research
okr.doctypePublications & Research::Policy Research Working Paper
okr.docurlhttp://documents.worldbank.org/curated/en/2016/03/26050718/assessment-net-mitigation-context-international-greenhouse-gas-emissions-control-mechanisms
okr.guid636531468197928898
okr.identifier.doi10.1596/1813-9450-7594
okr.identifier.externaldocumentum090224b0841ef857_1_0
okr.identifier.internaldocumentum26050718
okr.identifier.reportWPS7594
okr.importedtrue
okr.language.supporteden
okr.pdfurlhttp://www-wds.worldbank.org/external/default/WDSContentServer/WDSP/IB/2016/03/10/090224b0841ef857/1_0/Rendered/PDF/Assessment0of00s0control0mechanisms.pdfen
okr.topicEnvironment::Climate Change Mitigation and Green House Gases
okr.topicMacroeconomics and Economic Growth::Climate Change Economics
okr.topicEnvironment::Carbon Policy and Trading
okr.topicInternational Economics and Trade::International Migration
okr.unitEnvironment and Energy Team, Development Research Group
relation.isAuthorOfPublicationc9d5219c-9076-5386-b0d2-03bab820c61d
relation.isAuthorOfPublication.latestForDiscoveryc9d5219c-9076-5386-b0d2-03bab820c61d
relation.isSeriesOfPublication26e071dc-b0bf-409c-b982-df2970295c87
relation.isSeriesOfPublication.latestForDiscovery26e071dc-b0bf-409c-b982-df2970295c87
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