Fuessler, JuergHerren, Martin2015-08-182015-08-182015-07https://hdl.handle.net/10986/22484This paper presents first concepts and insights on an International Carbon Asset Reserve. In particular, it explores how different design options can support a range of networked carbon pricing efforts. The report provides an overview of key risks in carbon markets, highlights the benefits of pooling risks on an aggregated scale, and identifies potential design options and structures for an international carbon asset reserve. The paper contributes to the wide effort to promote a long-term price on carbon and carbon market stabilization, comparability, and networking.en-USCC BY 3.0 IGOPRICE DECREASESEMISSION ALLOWANCESAUCTIONREGIONAL GREENHOUSE GAS INITIATIVEPRICE STABILIZATIONPRICE LEVELSPRICE INCREASESMARKET DISTORTIONSCARBON DIOXIDEFOSSIL FUELSSTOCKGREENHOUSE GAS EMISSIONSSALESCARBONMARKET TRADINGWINDDOMESTIC MARKETEMISSIONSCARBON MARKETSPRICING SCHEMESATMOSPHEREINCENTIVESFAIRPRICINGGASGREENHOUSE GAS EMISSIONPRICEMARKET SUPPLYMARGINAL ABATEMENTEMISSION REDUCTIONSCARBON TECHNOLOGIESAIRCARBON CYCLEGREENHOUSE GASINFLATIONMARKET INFORMATIONCARBON LEAKAGEBIOMASSCO2INTERNATIONAL COMPETITIVENESSCARBON CAPTUREPRICING POLICYPRICE VOLATILITYCAPACITYGHGEMISSIONS PROJECTIONSPRODUCTSHAILLAND USE CHANGECARBON SEQUESTRATIONMARKETSCARBON TAXESEMISSIONS MITIGATIONFORESTRYEMISSION TRADINGPRODUCTMARKET MANAGEMENTGAS EMISSIONSENERGY POLICYCARBON FINANCEFUELSCARBON MANAGEMENTEMISSIONS REDUCTIONCARBON EMISSIONSMARKET PRICELAND USEEMISSIONS REDUCTIONSAUCTIONSEMISSIONGREENHOUSECARBCARBON UNITSLEADCLIMATE CHANGEVOLATILITYCARBON REGULATIONMARKET PRICESVALUECOMPETITIVENESSEMISSIONS INTENSITIESCLIMATEDEMANDFORESTSPRICE RISKPRICE LEVELCONSUMER PRICECARBON PRICECLIMATE CHANGE MITIGATIONFORESTDOMESTIC EMISSIONSSALEAVERAGE PRICEGLOBAL EMISSIONSMARKETENERGY PRICESGLOBAL CLIMATE CHANGEMARKET VALUECERTIFIED EMISSIONS REDUCTIONSGAS EMISSIONMARKET RISKSENERGY EFFICIENCYCARBON FUELSCARBON PRICESFINANCIAL MARKETSTOCKSCARBON STOCKGREENHOUSE GAS INITIATIVEPRICE CEILINGSEMISSIONS TRADING PROGRAMSTERRESTRIAL CARBONCARBON STOCKSSUPPLYPURCHASINGCRUDE OILCARBON MARKETLESSLOW-CARBONINVESTMENTSCONSUMER PRICE INDEXMARKET STABILIZATIONCARBON ACCOUNTINGRENEWABLE ENERGYPRICE CEILINGCARBON TAXPRICE INDEXDIESELAGGREGATE LEVELPRICE FLOORAFFORESTATIONPRICESBENEFITSENERGYSTORAGEWorking PaperWorld Bank10.1596/22484