Will Markets Direct Investments under the Kyoto Protocol?
Under the Kyoto Protocol, countries can meet treaty obligations by investing in projects that reduce or sequester greenhouse gases elsewhere. Prior to ratification, treaty participants agreed to launch country-based pilot projects, referred to coll...
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| Format: | Policy Research Working Paper |
| Language: | English |
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World Bank, Washington, DC
2012
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| Online Access: | http://documents.worldbank.org/curated/en/2007/02/7367692/markets-direct-investments-under-kyoto-protocol http://hdl.handle.net/10986/7143 |
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okr-10986-71432021-04-23T14:02:33Z Will Markets Direct Investments under the Kyoto Protocol? Larson, Donald F. Breustedt, Gunnar ABATEMENT ABATEMENT COSTS APPROACH BIOLOGICAL DIVERSITY CARBON CARBON DIOXIDE CARBON OFFSET CARBON TAXES CLEAN DEVELOPMENT MECHANISM CLIMATE CHANGE COST ASSUMPTIONS DEMOCRATIC INSTITUTIONS DEVELOPED COUNTRIES DEVELOPMENT ASSISTANCE DISCOUNT RATE ECONOMICS EMISSION EMISSION LEVELS EMISSION REDUCTION EMISSION REDUCTIONS EMISSIONS ENVIRONMENTAL ENVIRONMENTAL ISSUES FOREIGN DIRECT INVESTMENT FOREIGN INVESTMENT FOSSIL FOSSIL FUELS GDP GLOBAL EMISSIONS GREENHOUSE EFFECT GREENHOUSE GAS GREENHOUSE GAS EMISSIONS GREENHOUSE GASES HEATING SYSTEMS INCOME INTERNATIONAL INVESTORS INVESTMENT ACTIVITY INVESTMENT CHOICES INVESTMENT CLIMATE INVESTMENT DECISIONS INVESTMENT FLOWS INVESTMENT OPPORTUNITIES INVESTMENT PROJECTS INVESTOR COUNTRIES JOINT IMPLEMENTATION MARGINAL COST OPTION VALUE OZONE LAYER PER CAPITA INCOME PILOT PROJECTS POLLUTION PORTFOLIO PRESENT VALUE PRIVATE INVESTMENT PROFITABILITY PUBLIC FUNDS QUOTAS REDUCING EMISSIONS SAVINGS STREAMS TONS OF CARBON TRADABLE PERMIT TRADABLE PERMIT MARKETS TRANSACTION COSTS TRANSITION ECONOMIES VALUATION Under the Kyoto Protocol, countries can meet treaty obligations by investing in projects that reduce or sequester greenhouse gases elsewhere. Prior to ratification, treaty participants agreed to launch country-based pilot projects, referred to collectively as Activities Implemented Jointly (AIJ), to test novel aspects of the project-related provisions. Relying on a 10-year history of projects, the authors investigate the determinants of AIJ investment. Their findings suggest that national political objectives and possibly deeper cultural ties influenced project selection. This characterization differs from the market-based assumptions that underlie well-known estimates of cost-savings related to the Protocol's flexibility mechanisms. The authors conclude that if approaches developed under the AIJ programs to approve projects are retained, benefits from Kyoto's flexibility provisions will be less than those widely anticipated. 2012-06-05T18:09:47Z 2012-06-05T18:09:47Z 2007-02 http://documents.worldbank.org/curated/en/2007/02/7367692/markets-direct-investments-under-kyoto-protocol http://hdl.handle.net/10986/7143 English Policy Research Working Paper; No. 4131 CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank World Bank, Washington, DC Publications & Research :: Policy Research Working Paper Publications & Research |
| repository_type |
Digital Repository |
| institution_category |
Foreign Institution |
| institution |
Digital Repositories |
| building |
World Bank Open Knowledge Repository |
| collection |
World Bank |
| language |
English |
| topic |
ABATEMENT ABATEMENT COSTS APPROACH BIOLOGICAL DIVERSITY CARBON CARBON DIOXIDE CARBON OFFSET CARBON TAXES CLEAN DEVELOPMENT MECHANISM CLIMATE CHANGE COST ASSUMPTIONS DEMOCRATIC INSTITUTIONS DEVELOPED COUNTRIES DEVELOPMENT ASSISTANCE DISCOUNT RATE ECONOMICS EMISSION EMISSION LEVELS EMISSION REDUCTION EMISSION REDUCTIONS EMISSIONS ENVIRONMENTAL ENVIRONMENTAL ISSUES FOREIGN DIRECT INVESTMENT FOREIGN INVESTMENT FOSSIL FOSSIL FUELS GDP GLOBAL EMISSIONS GREENHOUSE EFFECT GREENHOUSE GAS GREENHOUSE GAS EMISSIONS GREENHOUSE GASES HEATING SYSTEMS INCOME INTERNATIONAL INVESTORS INVESTMENT ACTIVITY INVESTMENT CHOICES INVESTMENT CLIMATE INVESTMENT DECISIONS INVESTMENT FLOWS INVESTMENT OPPORTUNITIES INVESTMENT PROJECTS INVESTOR COUNTRIES JOINT IMPLEMENTATION MARGINAL COST OPTION VALUE OZONE LAYER PER CAPITA INCOME PILOT PROJECTS POLLUTION PORTFOLIO PRESENT VALUE PRIVATE INVESTMENT PROFITABILITY PUBLIC FUNDS QUOTAS REDUCING EMISSIONS SAVINGS STREAMS TONS OF CARBON TRADABLE PERMIT TRADABLE PERMIT MARKETS TRANSACTION COSTS TRANSITION ECONOMIES VALUATION |
| spellingShingle |
ABATEMENT ABATEMENT COSTS APPROACH BIOLOGICAL DIVERSITY CARBON CARBON DIOXIDE CARBON OFFSET CARBON TAXES CLEAN DEVELOPMENT MECHANISM CLIMATE CHANGE COST ASSUMPTIONS DEMOCRATIC INSTITUTIONS DEVELOPED COUNTRIES DEVELOPMENT ASSISTANCE DISCOUNT RATE ECONOMICS EMISSION EMISSION LEVELS EMISSION REDUCTION EMISSION REDUCTIONS EMISSIONS ENVIRONMENTAL ENVIRONMENTAL ISSUES FOREIGN DIRECT INVESTMENT FOREIGN INVESTMENT FOSSIL FOSSIL FUELS GDP GLOBAL EMISSIONS GREENHOUSE EFFECT GREENHOUSE GAS GREENHOUSE GAS EMISSIONS GREENHOUSE GASES HEATING SYSTEMS INCOME INTERNATIONAL INVESTORS INVESTMENT ACTIVITY INVESTMENT CHOICES INVESTMENT CLIMATE INVESTMENT DECISIONS INVESTMENT FLOWS INVESTMENT OPPORTUNITIES INVESTMENT PROJECTS INVESTOR COUNTRIES JOINT IMPLEMENTATION MARGINAL COST OPTION VALUE OZONE LAYER PER CAPITA INCOME PILOT PROJECTS POLLUTION PORTFOLIO PRESENT VALUE PRIVATE INVESTMENT PROFITABILITY PUBLIC FUNDS QUOTAS REDUCING EMISSIONS SAVINGS STREAMS TONS OF CARBON TRADABLE PERMIT TRADABLE PERMIT MARKETS TRANSACTION COSTS TRANSITION ECONOMIES VALUATION Larson, Donald F. Breustedt, Gunnar Will Markets Direct Investments under the Kyoto Protocol? |
| relation |
Policy Research Working Paper; No. 4131 |
| description |
Under the Kyoto Protocol, countries can
meet treaty obligations by investing in projects that reduce
or sequester greenhouse gases elsewhere. Prior to
ratification, treaty participants agreed to launch
country-based pilot projects, referred to collectively as
Activities Implemented Jointly (AIJ), to test novel aspects
of the project-related provisions. Relying on a 10-year
history of projects, the authors investigate the
determinants of AIJ investment. Their findings suggest that
national political objectives and possibly deeper cultural
ties influenced project selection. This characterization
differs from the market-based assumptions that underlie
well-known estimates of cost-savings related to the
Protocol's flexibility mechanisms. The authors conclude
that if approaches developed under the AIJ programs to
approve projects are retained, benefits from Kyoto's
flexibility provisions will be less than those widely anticipated. |
| format |
Publications & Research :: Policy Research Working Paper |
| author |
Larson, Donald F. Breustedt, Gunnar |
| author_facet |
Larson, Donald F. Breustedt, Gunnar |
| author_sort |
Larson, Donald F. |
| title |
Will Markets Direct Investments under the Kyoto Protocol? |
| title_short |
Will Markets Direct Investments under the Kyoto Protocol? |
| title_full |
Will Markets Direct Investments under the Kyoto Protocol? |
| title_fullStr |
Will Markets Direct Investments under the Kyoto Protocol? |
| title_full_unstemmed |
Will Markets Direct Investments under the Kyoto Protocol? |
| title_sort |
will markets direct investments under the kyoto protocol? |
| publisher |
World Bank, Washington, DC |
| publishDate |
2012 |
| url |
http://documents.worldbank.org/curated/en/2007/02/7367692/markets-direct-investments-under-kyoto-protocol http://hdl.handle.net/10986/7143 |
| _version_ |
1764401509664030720 |