State and Trends of the Carbon Market 2011

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collection.link.133
https://openknowledge.worldbank.org/handle/10986/5998
collection.link.225
https://openknowledge.worldbank.org/handle/10986/13334
collection.name.133
Chinese PDFs Available
collection.name.225
State and Trends of Carbon Pricing
dc.contributor.author
Linacre, Nicholas
dc.contributor.author
Kossoy, Alexandre
dc.contributor.author
Ambrosi, Philippe
dc.date.accessioned
2013-05-14T15:15:41Z
dc.date.available
2013-05-14T15:15:41Z
dc.date.issued
2011-06
dc.date.lastModified
2017-12-14T09:06:39Z
dc.description.abstract
After five consecutive years of robust growth, the total value of the global carbon market stalled at $142 billion. Suffering from the lack of post-2012 regulatory clarity, the value of the primary Clean Development Mechanism (CDM) market fell by double-digits for the third year in a row, ending lower than it was in 2005, the first year of the Kyoto protocol. The Assigned Amount Unit (AAU) and the United States Regional Greenhouse Gas Initiative (RGGI) markets shrank as well. As these segments declined, the dominance of the European Union Allowances (EUAs) market became more pronounced than ever and the share of the carbon market primarily driven by the EU Emissions Trading Scheme (EU ETS) rose to 97 percent, dwarfing the remaining segments of the market. The carbon market growth halted at a particularly inopportune time: 2010 proved to be the hottest on record, while emission levels continued their seemingly inexorable rise. In the end, however, the year may be remembered most for the political opportunities that arose, yet were ultimately failed to materialize in the United States, Japan, Australia, and the Republic of Korea. While the international regulatory environment remains uncertain, national and local initiatives have noticeably picked up and may offer the potential to collectively overcome the international regulatory gap. These initiatives signal that, one way or another, solutions that address the climate challenge will emerge.
en
dc.identifier.uri
http://hdl.handle.net/10986/13400
dc.language.iso
en_US
dc.publisher
World Bank, Washington, DC
dc.rights
CC BY 3.0 IGO
dc.rights.holder
World Bank
dc.rights.uri
http://creativecommons.org/licenses/by/3.0/igo
dc.subject
abatement
dc.subject
acid
dc.subject
adaptation activities
dc.subject
Air
dc.subject
Allocation
dc.subject
Allowance
dc.subject
allowance prices
dc.subject
allowance trading
dc.subject
amount of emissions
dc.subject
annual emission
dc.subject
annual emissions
dc.subject
anthropogenic emission
dc.subject
atmosphere
dc.subject
auction
dc.subject
business as usual scenario
dc.subject
cap and trade systems
dc.subject
CARB
dc.subject
Carbon
dc.subject
carbon assets
dc.subject
Carbon Capture
dc.subject
carbon content
dc.subject
Carbon Credit
dc.subject
Carbon Dioxide
dc.subject
Carbon Dioxide Equivalent
dc.subject
carbon economy
dc.subject
carbon exchanges
dc.subject
Carbon Finance
dc.subject
carbon funds
dc.subject
carbon Investment
dc.subject
carbon leakage
dc.subject
Carbon Market
dc.subject
Carbon Market Analyst
dc.subject
carbon market development
dc.subject
carbon markets
dc.subject
carbon offsets
dc.subject
Carbon Price
dc.subject
carbon sinks
dc.subject
carbon tax
dc.subject
carbon taxes
dc.subject
carbon transactions
dc.subject
Carbon Units
dc.subject
Carbon_Market
dc.subject
carbon_price
dc.subject
Certified Emission Reduction
dc.subject
Certified Emission Reductions
dc.subject
CH4
dc.subject
Clean Air
dc.subject
Clean Air Act
dc.subject
Clean Development
dc.subject
Clean Development Mechanism
dc.subject
clean energy
dc.subject
Climate
dc.subject
Climate Action
dc.subject
Climate Change
dc.subject
climate change impact
dc.subject
Climate Change Levy
dc.subject
Climate Change Policies
dc.subject
Climate Exchange
dc.subject
climate legislation
dc.subject
climate policy
dc.subject
Co
dc.subject
CO2
dc.subject
Coal
dc.subject
Coal Mine
dc.subject
colors
dc.subject
combating climate change
dc.subject
conservation of forests
dc.subject
convergence
dc.subject
cropland management
dc.subject
Debt
dc.subject
developed countries
dc.subject
Dioxide Carbon
dc.subject
DNA
dc.subject
domestic emissions
dc.subject
domestic offsets
dc.subject
Ecosystem
dc.subject
electricity
dc.subject
electricity generation
dc.subject
electricity sector
dc.subject
Emission
dc.subject
emission allowances
dc.subject
emission levels
dc.subject
emission limitation
dc.subject
Emission Reduction
dc.subject
emission reduction commitments
dc.subject
emission reduction programs
dc.subject
Emission Reduction Project
dc.subject
Emission Reduction Purchase Agreement
dc.subject
emission reduction target
dc.subject
emission reduction targets
dc.subject
Emission Reduction Unit
dc.subject
Emission Reduction Units
dc.subject
Emission Reductions
dc.subject
emission standards
dc.subject
emission targets
dc.subject
emission trading
dc.subject
emission] allowances
dc.subject
Emissions
dc.subject
emissions from aviation
dc.subject
Emissions from Deforestation
dc.subject
emissions intensity
dc.subject
emissions reduction
dc.subject
emissions reductions
dc.subject
Energy Efficiency
dc.subject
energy efficiency measures
dc.subject
energy policies
dc.subject
Energy Savings
dc.subject
energy security
dc.subject
environmental
dc.subject
environmental benefits
dc.subject
Environmental Improvement
dc.subject
environmental integrity
dc.subject
Environmental Protection
dc.subject
Expenditures
dc.subject
financial flows
dc.subject
Financial Instruments
dc.subject
financial support
dc.subject
Forest
dc.subject
forest carbon
dc.subject
forest cover
dc.subject
Forest Degradation
dc.subject
Forestry
dc.subject
forestry operations
dc.subject
forestry projects
dc.subject
Framework Convention on Climate Change
dc.subject
Free allocation
dc.subject
freeze
dc.subject
fuels
dc.subject
GHG
dc.subject
global carbon market
dc.subject
global emission
dc.subject
global emissions
dc.subject
Global Warming
dc.subject
Greenhouse
dc.subject
Greenhouse Gas
dc.subject
greenhouse gas emission
dc.subject
greenhouse gas emission reduction
dc.subject
greenhouse gas emissions
dc.subject
Greenhouse Gas Reduction
dc.subject
greenhouse gas reduction target
dc.subject
Greenhouse Gases
dc.subject
Hydrochlorofluorocarbon
dc.subject
impacts of climate change
dc.subject
international carbon market
dc.subject
international climate change regime
dc.subject
International Credits
dc.subject
international offsets
dc.subject
investment decisions
dc.subject
Land Management
dc.subject
Land Use
dc.subject
Land Use Change
dc.subject
Landfill
dc.subject
Landfill Gas
dc.subject
Low-carbon
dc.subject
market mechanism
dc.subject
Market Prices
dc.subject
Methane
dc.subject
Mitigation Actions
dc.subject
Monetary Fund
dc.subject
N2O
dc.subject
National Climate Change Policy
dc.subject
national forestry
dc.subject
natural gas
dc.subject
negative impacts
dc.subject
Nitrous Oxide
dc.subject
NOX
dc.subject
nuclear energy
dc.subject
ODS
dc.subject
offset credits
dc.subject
Offset Prices
dc.subject
oil
dc.subject
oxides
dc.subject
ozone
dc.subject
particulates
dc.subject
pastures
dc.subject
Perfluorocarbon
dc.subject
policy makers
dc.subject
Pollution
dc.subject
Pollution Reduction
dc.subject
portfolio
dc.subject
power generation
dc.subject
power sector
dc.subject
PP
dc.subject
Present Value
dc.subject
price floor
dc.subject
Reducing Emissions
dc.subject
regional emissions
dc.subject
Regional Greenhouse Gas Initiative
dc.subject
Renewable Energy
dc.subject
renewable energy sources
dc.subject
scenarios
dc.subject
Secondary Markets
dc.subject
Securities
dc.subject
SF6
dc.subject
SO2
dc.subject
Soil Carbon
dc.subject
Streams
dc.subject
Sulfur
dc.subject
sulfur dioxide
dc.subject
Sulfur Hexafluoride
dc.subject
surface temperature
dc.subject
sustainable development
dc.subject
sustainable forest
dc.subject
sustainable forest management
dc.subject
total cap
dc.subject
total emissions
dc.subject
total greenhouse
dc.subject
total greenhouse gas
dc.subject
trade system
dc.subject
trading programs
dc.subject
transaction costs
dc.subject
transport sector
dc.subject
UNEP
dc.subject
urban forestry
dc.subject
Voluntary Emissions
dc.subject
Wind
dc.subject
Wind Power
dc.subject
WMO
dc.title
State and Trends of the Carbon Market 2011
en
okr.crosscuttingsolutionarea
Climate Change
okr.date.disclosure
2011-07-15
okr.doctype
Publications & Research :: Working Paper
okr.doctype
Publications & Research
okr.globalpractice
Macroeconomics and Fiscal Management
okr.globalpractice
Environment and Natural Resources
okr.globalpractice
Energy and Extractives
okr.googlescholar.linkpresent
yes
okr.identifier.report
63270
okr.language.supported
en
okr.topic
Energy :: Energy Production and Transportation
okr.topic
Environment :: Carbon Policy and Trading
okr.topic
Environment :: Climate Change Mitigation and Green House Gases
okr.topic
Environment :: Environmental Economics & Policies
okr.topic
Macroeconomics and Economic Growth :: Climate Change Economics
okr.unit
Carbon Finance (CPFCF)

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