Kelly, LaurenJordan, Jeffery2014-09-172014-09-172004-12-08https://hdl.handle.net/10986/20213The prototype carbon fund (PCF) is a public-private partnership whose mission is to pioneer a market for project-based greenhouse gas emission reductions within the framework of the Kyoto protocol to the United Nations Framework Convention on Climate Change (UNFCCC). PCF seeks to show how project-based greenhouse gas emission reduction transactions can lower the cost of compliance with Kyoto, promote sustainable development, and mobilize new resources for Bank clients. Recognizing the global environmental benefits of emissions reductions regardless of location, Kyoto allows industrialized countries and firms to offset certain obligations through the purchase of lower-cost emission reductions (ERs) in developing and in-transition countries. This review identifies Bank comparative advantage-related issues, as well as the issues raised by competition between the Bank and International Finance Corporation (IFC) in carbon finance.en-USCC BY 3.0 IGOACCOUNTABILITYADMINISTRATIVE PROCEDURESAIRALLOCATIONALLOWANCEALTERNATIVE ENERGYANTHROPOGENIC INTERFERENCEATMOSPHERIC CONCENTRATIONSATMOSPHERIC GREENHOUSE GASATMOSPHERIC GREENHOUSE GAS CONCENTRATIONSBAGASSE COGENERATIONBANKSBASELINE DETERMINATIONBASELINE METHODOLOGIESBIOMASSCALCULATIONCAPITA EMISSIONSCARBONCARBON ASSETCARBON ASSETSCARBON BUYERCARBON DIOXIDECARBON DIOXIDE EQUIVALENTCARBON EMISSIONCARBON EMISSION REDUCTIONSCARBON EMISSIONSCARBON FINANCECARBON FINANCE ACTIVITIESCARBON FINANCE BUSINESSCARBON FINANCE STRATEGYCARBON FINANCINGCARBON FUNDCARBON FUNDSCARBON INVESTMENTCARBON INVESTMENT FUNDCARBON INVESTORSCARBON MARKETCARBON MARKET DEVELOPMENTCARBON OFFSETCARBON OFFSETSCARBON POLICIESCARBON PURCHASESCARBON REDUCTIONCARBON SEQUESTRATIONCARBON SINKSCARBON TRADINGCARBON TRANSACTIONSCERTIFIED EMISSION REDUCTIONSCERTIFIED EMISSIONS REDUCTIONSCLEAN DEVELOPMENTCLEAN DEVELOPMENT FACILITYCLEAN DEVELOPMENT MECHANISMCLEAN TECHNOLOGIESCLEANER TECHNOLOGIESCLIMATECLIMATE CHANGECLIMATE CHANGE MITIGATIONCLIMATE NETWORKCLIMATE POLICYCLIMATE SYSTEMCLIMATE-CHANGECLIMATE-CHANGE MITIGATIONCOALCOLORSCOMPARATIVE ADVANTAGECONCENTRATESDEVELOPED COUNTRIESECONOMIC EFFECTSECONOMIC GROWTHECONOMIC IMPACTECONOMIES IN TRANSITIONECOSYSTEMEFFECTIVE USEEMISSIONEMISSION ALLOWANCESEMISSION LEVELSEMISSION REDUCTIONEMISSION REDUCTION COMMITMENTSEMISSION REDUCTION PURCHASE AGREEMENTEMISSION REDUCTION PURCHASE AGREEMENTSEMISSION REDUCTION UNITEMISSION REDUCTION UNITSEMISSION REDUCTIONS TRANSACTIONSEMISSION RIGHTSEMISSION TARGETSEMISSION TRADINGEMISSION TRADING SYSTEMEMISSION-REDUCTIONEMISSIONSEMISSIONS REDUCTIONEMISSIONS TRADING REGIMESENERGY EFFICIENCYENVIRONMENTALENVIRONMENTAL BENEFITSENVIRONMENTAL ISSUESEVALUATION CRITERIAEXPENDITURESFINANCIAL RESOURCEFINANCIAL RESOURCESFINANCIAL SECTORFISHERIESFORESTRYFORESTRY PROJECTSFORESTSFRAMEWORK CONVENTION ON CLIMATE CHANGEGHGGLOBAL CARBON MARKETGLOBAL CLIMATE CHANGEGLOBAL ENVIRONMENT FACILITYGLOBAL ENVIRONMENTAL FACILITYGLOBAL ENVIRONMENTAL PROBLEMSGREENHOUSEGREENHOUSE GASGREENHOUSE GAS EMISSIONGREENHOUSE GAS EMISSION REDUCTIONGREENHOUSE GAS EMISSION REDUCTION TRANSACTIONSGREENHOUSE GAS EMISSION REDUCTIONSGREENHOUSE GAS EMISSIONSGREENHOUSE GAS EMISSIONS REDUCTIONSGREENHOUSE GAS MITIGATIONGREENHOUSE GASESGWPHISTORICAL EMISSIONSHOT AIRIMPACTS OF CLIMATE CHANGEINCOMEINCREMENTAL COSTSINTERNATIONAL TRADINGIPCCLAND USEMARGINAL ABATEMENTMARGINAL ABATEMENT COSTSMARGINAL COSTSMONTREAL PROTOCOLNOW ACCOUNTSPENALTIESPORTFOLIOPPPRICE SETTINGPRICE SIGNALPROFITABILITYPUBLIC GOODPUBLIC GOODSQUALITY EMISSION REDUCTIONSRAINFALLREDUCING EMISSIONSRENEWABLE ENERGYRESOURCE MOBILIZATIONRESOURCE USERISK MANAGEMENTSEQUESTERED CARBONSINKSUBSIDIARYSUPPLY SIDESUSTAINABLE DEVELOPMENTTECHNICAL ASSISTANCETRADABLE CREDITSTRANSACTION COSTSTRANSITION ECONOMIESTRANSPORTTREE SPECIESTRUST FUNDSUNCERTAINTIESWASTE MANAGEMENTWILLINGNESS TO PAYWIND10.1596/20213