State and Trends of the Carbon Market 2006
The overall value of the global aggregated carbon markets was over US$10 billion in 2005. In the first quarter of 2006, overall transactions worth US$7.5 billion had le d some to predict that this new financial market would be valued at between US$25-30 billion in 2006. We dedicate a significant por...
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| Format: | Working Paper |
| Language: | en_US |
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World Bank, Washington, DC
2013
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| Online Access: | http://hdl.handle.net/10986/13409 |
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okr-10986-134092021-04-23T14:03:08Z State and Trends of the Carbon Market 2006 Capoor, Karan Ambrosi, Philippe ABATEMENT aggregate analysis ALLOWANCE MARKETS atmosphere auction auctions average price Binding emission reduction commitments capital markets CARBON carbon abatement carbon assets carbon dioxide carbon dioxide equivalent carbon emission Carbon Finance Carbon Fund Carbon Funds CARBON MARKET carbon markets carbon price carbon prices CARBON TRANSACTIONS Carbon Units Certified Emissions Reductions Clean Development Clean Development Mechanism clean energy cleaner energy climate change climate change mitigation Climate Exchange coal credit trading debt demand for electricity diesel domestic emissions Economics electricity emission emission reduction Emission Reduction Purchase Agreements Emission Reduction Units emission reductions Emissions emissions data energy markets energy systems environmental environmental goals environmental performance environmental problems financial market Framework Convention on Climate Change fuel gas prices global atmosphere Global Environment Global Environment Facility Greenhouse Greenhouse Gas GREENHOUSE GAS ABATEMENT greenhouse gas mitigation imports Indexation industrial gases information International Emissions Joint Implementation marginal costs market Market Developments market share MARKET STRUCTURE market value marketplace Member States natural gas nitrous oxide oil policy makers price expectations price index price risk price volatility property rights purchasing real emission reductions Reducing climate change retail securities sustainable development transaction costs utilities validation stage voluntary commitments voluntary targets The overall value of the global aggregated carbon markets was over US$10 billion in 2005. In the first quarter of 2006, overall transactions worth US$7.5 billion had le d some to predict that this new financial market would be valued at between US$25-30 billion in 2006. We dedicate a significant portion of our effort in this study to exploring the project-based market in particular. This segment is also of the most interest to the World Bank's Borrowing Country clients. Our interest in the EU ETS and other emerging Kyoto- and non-Kyoto allowance markets is strong to the extent that events in those markets help explain the development of the project-based markets. The objective of this study is to get a representative sense of the activity of the carbon markets, their evolution over time up to April 2006, and sketch what we see as the likely trends in the future. The study is organized as follows. Section 2 describes the structure and main segments of the carbon market. Section 3 explains the methodology that was followed to conduct the analysis. Section 4 focuses on allowance markets, and particularly on the EU ETS. Section 5 focuses on project-based transactions, and particularly on the CDM and JI projects. Section 6 presents the major trends that we see emerging. 2013-05-14T17:37:55Z 2013-05-14T17:37:55Z 2006-05 http://hdl.handle.net/10986/13409 en_US CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank World Bank, Washington, DC Publications & Research :: Working Paper |
| repository_type |
Digital Repository |
| institution_category |
Foreign Institution |
| institution |
Digital Repositories |
| building |
World Bank Open Knowledge Repository |
| collection |
World Bank |
| language |
en_US |
| topic |
ABATEMENT aggregate analysis ALLOWANCE MARKETS atmosphere auction auctions average price Binding emission reduction commitments capital markets CARBON carbon abatement carbon assets carbon dioxide carbon dioxide equivalent carbon emission Carbon Finance Carbon Fund Carbon Funds CARBON MARKET carbon markets carbon price carbon prices CARBON TRANSACTIONS Carbon Units Certified Emissions Reductions Clean Development Clean Development Mechanism clean energy cleaner energy climate change climate change mitigation Climate Exchange coal credit trading debt demand for electricity diesel domestic emissions Economics electricity emission emission reduction Emission Reduction Purchase Agreements Emission Reduction Units emission reductions Emissions emissions data energy markets energy systems environmental environmental goals environmental performance environmental problems financial market Framework Convention on Climate Change fuel gas prices global atmosphere Global Environment Global Environment Facility Greenhouse Greenhouse Gas GREENHOUSE GAS ABATEMENT greenhouse gas mitigation imports Indexation industrial gases information International Emissions Joint Implementation marginal costs market Market Developments market share MARKET STRUCTURE market value marketplace Member States natural gas nitrous oxide oil policy makers price expectations price index price risk price volatility property rights purchasing real emission reductions Reducing climate change retail securities sustainable development transaction costs utilities validation stage voluntary commitments voluntary targets |
| spellingShingle |
ABATEMENT aggregate analysis ALLOWANCE MARKETS atmosphere auction auctions average price Binding emission reduction commitments capital markets CARBON carbon abatement carbon assets carbon dioxide carbon dioxide equivalent carbon emission Carbon Finance Carbon Fund Carbon Funds CARBON MARKET carbon markets carbon price carbon prices CARBON TRANSACTIONS Carbon Units Certified Emissions Reductions Clean Development Clean Development Mechanism clean energy cleaner energy climate change climate change mitigation Climate Exchange coal credit trading debt demand for electricity diesel domestic emissions Economics electricity emission emission reduction Emission Reduction Purchase Agreements Emission Reduction Units emission reductions Emissions emissions data energy markets energy systems environmental environmental goals environmental performance environmental problems financial market Framework Convention on Climate Change fuel gas prices global atmosphere Global Environment Global Environment Facility Greenhouse Greenhouse Gas GREENHOUSE GAS ABATEMENT greenhouse gas mitigation imports Indexation industrial gases information International Emissions Joint Implementation marginal costs market Market Developments market share MARKET STRUCTURE market value marketplace Member States natural gas nitrous oxide oil policy makers price expectations price index price risk price volatility property rights purchasing real emission reductions Reducing climate change retail securities sustainable development transaction costs utilities validation stage voluntary commitments voluntary targets Capoor, Karan Ambrosi, Philippe State and Trends of the Carbon Market 2006 |
| description |
The overall value of the global aggregated carbon markets was over US$10 billion in 2005. In the first quarter of 2006, overall transactions worth US$7.5 billion had le d some to predict that this new financial market would be valued at between US$25-30 billion in 2006. We dedicate a significant portion of our effort in this study to exploring the project-based market in particular. This segment is also of the most interest to the World Bank's Borrowing Country clients. Our interest in the EU ETS and other emerging Kyoto- and non-Kyoto allowance markets is strong to the extent that events in those markets help explain the development of the project-based markets. The objective of this study is to get a representative sense of the activity of the carbon markets, their evolution over time up to April 2006, and sketch what we see as the likely trends in the future. The study is organized as follows. Section 2 describes the structure and main segments of the carbon market. Section 3 explains the methodology that was followed to conduct the analysis. Section 4 focuses on allowance markets, and particularly on the EU ETS. Section 5 focuses on project-based transactions, and particularly on the CDM and JI projects. Section 6 presents the major trends that we see emerging. |
| format |
Publications & Research :: Working Paper |
| author |
Capoor, Karan Ambrosi, Philippe |
| author_facet |
Capoor, Karan Ambrosi, Philippe |
| author_sort |
Capoor, Karan |
| title |
State and Trends of the Carbon Market 2006 |
| title_short |
State and Trends of the Carbon Market 2006 |
| title_full |
State and Trends of the Carbon Market 2006 |
| title_fullStr |
State and Trends of the Carbon Market 2006 |
| title_full_unstemmed |
State and Trends of the Carbon Market 2006 |
| title_sort |
state and trends of the carbon market 2006 |
| publisher |
World Bank, Washington, DC |
| publishDate |
2013 |
| url |
http://hdl.handle.net/10986/13409 |
| _version_ |
1764423453412163584 |