Study on Financing the Destruction of Unwanted Ozone-Depleting Substances through the Voluntary Carbon Market
This report was prepared by Investment Climate Facility (ICF) international with direction from World Bank's Montreal protocol unit and the project team. While Montreal protocol has achieved remarkable success in reducing production and consum...
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World Bank, Washington, DC
2017
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| Online Access: | http://documents.worldbank.org/curated/en/211551468338389844/Study-on-financing-the-destruction-of-unwanted-ozone-depleting-substances-through-the-voluntary-carbon-market http://hdl.handle.net/10986/27899 |
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okr-10986-278992021-04-23T14:04:44Z Study on Financing the Destruction of Unwanted Ozone-Depleting Substances through the Voluntary Carbon Market ICF International AIR ALLOWANCE ALLOWANCE MARKETS ALLOWANCES ARGON ATMOSPHERE AUCTION AVERAGE PRICE CALCULATION CARBON CARBON CREDIT CARBON CREDITS CARBON DIOXIDE CARBON EMISSIONS CARBON FINANCE CARBON MARKET CARBON MARKETS CARBON OFFSET CARBON OFFSETS CARBON REDUCTIONS CARBON TETRACHLORIDE CFC12 CFCS CH4 CLEAN AIR CLEAN AIR ACT CLIMATE CLIMATE CHANGE CLIMATE LEGISLATION CO2 COMPETITIVENESS CONDITIONERS DECREASE IN EMISSIONS ELECTRICITY EMISSION EMISSION REDUCTION EMISSION REDUCTION TARGETS EMISSION REDUCTION UNITS EMISSION REDUCTIONS EMISSION TARGETS EMISSION TRADING EMISSIONS EMISSIONS LIMITS EMISSIONS REDUCTIONS ENERGY INDUSTRIES ENVIRONMENTAL PROTECTION FEASIBILITY FOAM FOAMS FORESTRY FRAMEWORK CONVENTION ON CLIMATE CHANGE GAS GAS PROJECT GASES GHG GHGS GLOBAL CARBON MARKET GLOBAL ENVIRONMENT GLOBAL ENVIRONMENT FACILITY GLOBAL WARMING GLOBAL WARMING POTENTIAL GOLD GREENHOUSE GREENHOUSE GAS GREENHOUSE GASES GWP HALON HALONS HAZARDOUS WASTE HCFC HFC HFCS IMPORTS INCINERATION INCOME INDUSTRIAL GAS INTERNATIONAL EMISSIONS INTERNATIONAL ENVIRONMENTAL TREATIES INTERNATIONAL FINANCIAL INSTITUTIONS IPCC MARKET STRUCTURE MARKET STUDY MARKET TRADING MARKETPLACE METHANE METHYL BROMIDE MONTREAL MONTREAL PROTOCOL MONTREAL PROTOCOL ON SUBSTANCES THAT DEPLETE THE OZONE LAYER N2O NITROGEN NITROUS OXIDE ODS OFFSET CREDITS OFFSET PROGRAM OFFSET PROJECTS ORGANIC POLLUTANT ORGANIC POLLUTANTS OZONACTION OZONE OZONE DEPLETING POTENTIAL OZONE DEPLETING SUBSTANCES OZONE SECRETARIAT OZONE UNIT PENALTIES PERFORMANCE STANDARDS PFCS POLYCHLORINATED BIPHENYLS POLYSTYRENE PORTFOLIO POWER SECTOR PURCHASING REBATES REFRIGERATION REFRIGERATOR REFRIGERATORS REGIONAL GREENHOUSE GAS INITIATIVE RETAIL SALE SALES SCENARIOS SF6 STOCKS SUBSTITUTES SUPPLY SIDE SURPLUS TOTAL COST TOTAL COSTS TRADABLE CARBON TRADE SYSTEM TRANSACTION COSTS TURNOVER UNEP UNINTENDED CONSEQUENCES UNITED NATIONS ENVIRONMENT PROGRAMME VCM WAREHOUSES WHOLESALERS This report was prepared by Investment Climate Facility (ICF) international with direction from World Bank's Montreal protocol unit and the project team. While Montreal protocol has achieved remarkable success in reducing production and consumption of ozone depleting substances (ODS) worldwide, a significant amount of ODS still remains in equipments, products, and stockpiles. This report finds that significant opportunity exists for destroying ODS through the voluntary carbon market. The high global warming potential (GWP) of ODS means that their destruction has the ability to generate significant volumes of carbon credits, which could then be sold in the voluntary carbon market. Using the voluntary market is likely a win-win opportunity; incentives are created for the recovery and destruction of ODS through the carbon credits that can be earned, and the buyers pay for real and verifiable emission reductions from the destruction of ODS that would have otherwise been emitted. 2017-08-16T21:07:24Z 2017-08-16T21:07:24Z 2010 Report http://documents.worldbank.org/curated/en/211551468338389844/Study-on-financing-the-destruction-of-unwanted-ozone-depleting-substances-through-the-voluntary-carbon-market http://hdl.handle.net/10986/27899 English en_US CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank World Bank, Washington, DC Economic & Sector Work :: Other Environmental Study Economic & Sector Work |
| repository_type |
Digital Repository |
| institution_category |
Foreign Institution |
| institution |
Digital Repositories |
| building |
World Bank Open Knowledge Repository |
| collection |
World Bank |
| language |
English en_US |
| topic |
AIR ALLOWANCE ALLOWANCE MARKETS ALLOWANCES ARGON ATMOSPHERE AUCTION AVERAGE PRICE CALCULATION CARBON CARBON CREDIT CARBON CREDITS CARBON DIOXIDE CARBON EMISSIONS CARBON FINANCE CARBON MARKET CARBON MARKETS CARBON OFFSET CARBON OFFSETS CARBON REDUCTIONS CARBON TETRACHLORIDE CFC12 CFCS CH4 CLEAN AIR CLEAN AIR ACT CLIMATE CLIMATE CHANGE CLIMATE LEGISLATION CO2 COMPETITIVENESS CONDITIONERS DECREASE IN EMISSIONS ELECTRICITY EMISSION EMISSION REDUCTION EMISSION REDUCTION TARGETS EMISSION REDUCTION UNITS EMISSION REDUCTIONS EMISSION TARGETS EMISSION TRADING EMISSIONS EMISSIONS LIMITS EMISSIONS REDUCTIONS ENERGY INDUSTRIES ENVIRONMENTAL PROTECTION FEASIBILITY FOAM FOAMS FORESTRY FRAMEWORK CONVENTION ON CLIMATE CHANGE GAS GAS PROJECT GASES GHG GHGS GLOBAL CARBON MARKET GLOBAL ENVIRONMENT GLOBAL ENVIRONMENT FACILITY GLOBAL WARMING GLOBAL WARMING POTENTIAL GOLD GREENHOUSE GREENHOUSE GAS GREENHOUSE GASES GWP HALON HALONS HAZARDOUS WASTE HCFC HFC HFCS IMPORTS INCINERATION INCOME INDUSTRIAL GAS INTERNATIONAL EMISSIONS INTERNATIONAL ENVIRONMENTAL TREATIES INTERNATIONAL FINANCIAL INSTITUTIONS IPCC MARKET STRUCTURE MARKET STUDY MARKET TRADING MARKETPLACE METHANE METHYL BROMIDE MONTREAL MONTREAL PROTOCOL MONTREAL PROTOCOL ON SUBSTANCES THAT DEPLETE THE OZONE LAYER N2O NITROGEN NITROUS OXIDE ODS OFFSET CREDITS OFFSET PROGRAM OFFSET PROJECTS ORGANIC POLLUTANT ORGANIC POLLUTANTS OZONACTION OZONE OZONE DEPLETING POTENTIAL OZONE DEPLETING SUBSTANCES OZONE SECRETARIAT OZONE UNIT PENALTIES PERFORMANCE STANDARDS PFCS POLYCHLORINATED BIPHENYLS POLYSTYRENE PORTFOLIO POWER SECTOR PURCHASING REBATES REFRIGERATION REFRIGERATOR REFRIGERATORS REGIONAL GREENHOUSE GAS INITIATIVE RETAIL SALE SALES SCENARIOS SF6 STOCKS SUBSTITUTES SUPPLY SIDE SURPLUS TOTAL COST TOTAL COSTS TRADABLE CARBON TRADE SYSTEM TRANSACTION COSTS TURNOVER UNEP UNINTENDED CONSEQUENCES UNITED NATIONS ENVIRONMENT PROGRAMME VCM WAREHOUSES WHOLESALERS |
| spellingShingle |
AIR ALLOWANCE ALLOWANCE MARKETS ALLOWANCES ARGON ATMOSPHERE AUCTION AVERAGE PRICE CALCULATION CARBON CARBON CREDIT CARBON CREDITS CARBON DIOXIDE CARBON EMISSIONS CARBON FINANCE CARBON MARKET CARBON MARKETS CARBON OFFSET CARBON OFFSETS CARBON REDUCTIONS CARBON TETRACHLORIDE CFC12 CFCS CH4 CLEAN AIR CLEAN AIR ACT CLIMATE CLIMATE CHANGE CLIMATE LEGISLATION CO2 COMPETITIVENESS CONDITIONERS DECREASE IN EMISSIONS ELECTRICITY EMISSION EMISSION REDUCTION EMISSION REDUCTION TARGETS EMISSION REDUCTION UNITS EMISSION REDUCTIONS EMISSION TARGETS EMISSION TRADING EMISSIONS EMISSIONS LIMITS EMISSIONS REDUCTIONS ENERGY INDUSTRIES ENVIRONMENTAL PROTECTION FEASIBILITY FOAM FOAMS FORESTRY FRAMEWORK CONVENTION ON CLIMATE CHANGE GAS GAS PROJECT GASES GHG GHGS GLOBAL CARBON MARKET GLOBAL ENVIRONMENT GLOBAL ENVIRONMENT FACILITY GLOBAL WARMING GLOBAL WARMING POTENTIAL GOLD GREENHOUSE GREENHOUSE GAS GREENHOUSE GASES GWP HALON HALONS HAZARDOUS WASTE HCFC HFC HFCS IMPORTS INCINERATION INCOME INDUSTRIAL GAS INTERNATIONAL EMISSIONS INTERNATIONAL ENVIRONMENTAL TREATIES INTERNATIONAL FINANCIAL INSTITUTIONS IPCC MARKET STRUCTURE MARKET STUDY MARKET TRADING MARKETPLACE METHANE METHYL BROMIDE MONTREAL MONTREAL PROTOCOL MONTREAL PROTOCOL ON SUBSTANCES THAT DEPLETE THE OZONE LAYER N2O NITROGEN NITROUS OXIDE ODS OFFSET CREDITS OFFSET PROGRAM OFFSET PROJECTS ORGANIC POLLUTANT ORGANIC POLLUTANTS OZONACTION OZONE OZONE DEPLETING POTENTIAL OZONE DEPLETING SUBSTANCES OZONE SECRETARIAT OZONE UNIT PENALTIES PERFORMANCE STANDARDS PFCS POLYCHLORINATED BIPHENYLS POLYSTYRENE PORTFOLIO POWER SECTOR PURCHASING REBATES REFRIGERATION REFRIGERATOR REFRIGERATORS REGIONAL GREENHOUSE GAS INITIATIVE RETAIL SALE SALES SCENARIOS SF6 STOCKS SUBSTITUTES SUPPLY SIDE SURPLUS TOTAL COST TOTAL COSTS TRADABLE CARBON TRADE SYSTEM TRANSACTION COSTS TURNOVER UNEP UNINTENDED CONSEQUENCES UNITED NATIONS ENVIRONMENT PROGRAMME VCM WAREHOUSES WHOLESALERS ICF International Study on Financing the Destruction of Unwanted Ozone-Depleting Substances through the Voluntary Carbon Market |
| description |
This report was prepared by Investment
Climate Facility (ICF) international with direction from
World Bank's Montreal protocol unit and the project
team. While Montreal protocol has achieved remarkable
success in reducing production and consumption of ozone
depleting substances (ODS) worldwide, a significant amount
of ODS still remains in equipments, products, and
stockpiles. This report finds that significant opportunity
exists for destroying ODS through the voluntary carbon
market. The high global warming potential (GWP) of ODS means
that their destruction has the ability to generate
significant volumes of carbon credits, which could then be
sold in the voluntary carbon market. Using the voluntary
market is likely a win-win opportunity; incentives are
created for the recovery and destruction of ODS through the
carbon credits that can be earned, and the buyers pay for
real and verifiable emission reductions from the destruction
of ODS that would have otherwise been emitted. |
| format |
Report |
| author |
ICF International |
| author_facet |
ICF International |
| author_sort |
ICF International |
| title |
Study on Financing the Destruction of Unwanted Ozone-Depleting Substances through the Voluntary Carbon Market |
| title_short |
Study on Financing the Destruction of Unwanted Ozone-Depleting Substances through the Voluntary Carbon Market |
| title_full |
Study on Financing the Destruction of Unwanted Ozone-Depleting Substances through the Voluntary Carbon Market |
| title_fullStr |
Study on Financing the Destruction of Unwanted Ozone-Depleting Substances through the Voluntary Carbon Market |
| title_full_unstemmed |
Study on Financing the Destruction of Unwanted Ozone-Depleting Substances through the Voluntary Carbon Market |
| title_sort |
study on financing the destruction of unwanted ozone-depleting substances through the voluntary carbon market |
| publisher |
World Bank, Washington, DC |
| publishDate |
2017 |
| url |
http://documents.worldbank.org/curated/en/211551468338389844/Study-on-financing-the-destruction-of-unwanted-ozone-depleting-substances-through-the-voluntary-carbon-market http://hdl.handle.net/10986/27899 |
| _version_ |
1764465294128971776 |